What Happened to Liberal Democracy?

From Daron Acemoglu, 2024 Nobel laureate in economics and coauthor of Why Nations Fail, an ambitious and expansive inquiry into the biggest story in global politics over the last hundred years: the rise and fall of liberal democracy. "A very important work and a must-read." —Thomas Piketty, #1 New York Times bestselling author of Capital in the Twenty-First Century "Daron Acemoglu is one of the most brilliant and insightful thinkers I’ve ever known. His particular genius is being able to look at impossibly complex problems and see right to the heart of what matters. This book is a tour de force that left me feeling more optimistic about the future than I have in a long time." —Steven Levitt, #1 New York Times bestselling author of Freakonomics The dissolution of the Soviet Union in 1991 raised hopes that we were one step closer to the triumph of liberalism. Soon, many predicted, we would all be living in