How the World Became Rich: The Historical Origins of Economic Growth by Mark Koyama
Most humans are significantly richer than their ancestors. Humanity gained nearly all of its wealth in the last two centuries. How did this come to pass? How did the world become rich? Mark Koyama and Jared Rubin dive into the many theories of why modern economic growth happened when and where it did. They discuss recently advanced theories rooted in geography, politics, culture, demography, and colonialism. Pieces of each of these theories help explain key events on the path to modern riches. Why did the Industrial Revolution begin in 18th-century Britain? Why did some European countries, the US, and Japan catch up in the 19th century? Why did it take until the late 20th and 21st centuries for other countries? Why have some still not caught up? Koyama and Rubin show that the past can provide a guide for how countries can escape poverty. There are certain prerequisites that all successful economies seem to have. But there is also no panacea. A society’s past and its institutions and culture play a key role in shaping how it may – or may not – develop. Read more
The best book on economic growth in a long time. Its inclusion of culture as a very important complement to institutions makes it much more useful than other previous books that are also important, like Acemoglu, Johnson and Robinson… a must!
Publisher -> Polity; 1st edition (May 23, 2022) Language -> English Paperback -> 240 pages ISBN-10 -> 1509540237 ISBN-13 -> 978-1509540235 Item Weight -> 14 ounces Dimensions -> 6 x 0.9 x 9 inches Best Sellers Rank: #9,721 in Books (See Top 100 in Books) #11 in Economics (Books) #23 in Economic History (Books)
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