What Happened to Liberal Democracy?

A new theory of liberalism for a post-industrial world, from Nobelprize winning author of Why Nations Fail Shared prosperity, equality, democratic values and the free pursuit of knowledge. Liberalism promised much, and even delivered on some of those promises. But now the remaining relics of establishment liberalism are being eroded by elitism, intolerance and rising autocracy. What went wrong? And what comes next? Nobel prize-winning economist Daron Acemoglu offers a new theory of liberalism, one that lays the groundwork for how we can - and must rehabilitate liberal ideas and practices, now more than ever. A razor sharp new book from the Nobel Prize-winning author of Why Nations Fail which has sold over 1 million copies worldwide