What Happened to Liberal Democracy?

'A very important work and a must-read' THOMAS PIKETTY, author of Capital in the Twenty-First Century.'A thoughtful proposed solution to the most important question of modern democracy' JARED DIAMOND, author of Guns, Germs, and Steel.'Brilliant and insightful, a tour de force that left me feeling more optimistic about the future than I have in a long time' STEVEN LEVITT, author of Freakonomics.From its inception, liberalism offered a glittering promise of shared prosperity, equality, democratic values and the free pursuit of knowledge. At first, it flourished. And then it faltered. Once a tantalising beacon of hope, it began to erode and decay at the hands of elitism, intolerance and rising autocracy.One could say that liberalism is broken. So what comes next?Nobel prize-winning co-author of Why Nations Fail Daron Acemoglu charts the rise and fall of liberal democracy, and offers hope for a way forward: a new theory that lays the groundwork for how we can - and must - remake liberalism before it's too late.