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Why Nations Fail: The Origins of Power, Prosperity, and Poverty, by Daron Acemoğlu

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What Michels did not anticipate perhaps was an echo of Karl Marx’s remark that history repeats itself—the first time as tragedy, the second time as farce.
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Why Nations Fail: The Origins of Power, Prosperity, and Poverty
Why Nations Fail: The Origins of Power, Prosperity, and Poverty
by Daron Acemoğlu
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