“Why Nations Fail” will be a classic in its field

The economist Nouril Roubini suggest to read the new book by Daron Acemoglu & James Robinson "Why Nations Fail" , that in his opinion will be a classic in its field.  Greece’s credit ratings were cut to
“C” by Moody’s Investors Service March 3 after Athens  negotiated the biggest sovereign debt restructuring ever. The deal constitutes “a  distressed exchange, and hence a default,” the New York-based rating company said. After Adam Smith classic (An Inquiry into the Nature and Causes of the Wealth of Nations), …now we have Why Nations Fails. Interesting reading for Italians.