The authors believe that capitalism works best, but without an underlying moral foundation, it can easily slip into a dysfunctional economy when necessary conditions for capitalism do not exist. The authors measure the success and failure of government policies based on historical and factual evidence in each country. A policy failure in one country, however, does not necessarily indicate that the policy per se was wrong unless similar policies also failed in other countries. That is why cross-country comparison in "Failed "is useful. Understanding other countries is more important today...
The authors believe that capitalism works best, but without an underlying moral foundation, it can easily slip into a dysfunctional economy when ne...