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Title: The Birth of Plenty : How the Prosperity of the Modern World was Created by William J. Bernstein ISBN: 0-07-142192-0 Publisher: McGraw-Hill Companies Pub. Date: 02 April, 2004 Format: Hardcover Volumes: 1 List Price(USD): $29.95 |
Average Customer Rating: 4.3 (10 reviews)
Rating: 5
Summary: Say What?
Comment: The previous reviewer and I seem not to have read the same book. Nowhere does Bernstein state that all four factors had their origins around 1820-his history of property rights, which dates back to prehistoric times, is very simply the best that I have read anywhere. Nor do I know of any economic authority who doubts that the improvements in property rights in Northern Europe were a major cause of its prosperity, not the other way around. The reviewer, who touts his historical expertise, also seems unaware that Da Gama's most celebrated voyage of discovery took place during the fifteenth century, not the sixteenth.
Both the general reader, as well as historians and economists, will find Bernstein's four-factor paradigm invaluable in understanding how the world arrived in its present state. His prose is lively, and given the weight of the subject, goes down like fine claret. You don't even have to take my word for it-according to the April 5 edition of Publishers Weekly, "Packed with information and ideas, Bernstein's book is an authoritative economic history, accessible and thoroughly entertaining."
Rating: 5
Summary: the back cover blurbs
Comment: I don't know why these aren't posted at Amazon. Here they are:
"Bill Bernstein has given us a compact and immensely readable economic, political, military, and institutional history of our civilization that is a tour de force. Put everything else down. Take a deep breath. Open The Birth of Plenty. And prepare to be amazed."
--John C. Bogle, Founder and Former CEO, The Vanguard Group
"The Birth of Plenty is a brilliantly written, whirlwind account of how the modern world was formed. It is a hugely enjoyable read, full of vigor and liveliness, and a book every American should possess--at least those who treasure our abundant life and care about our future."
--William Schultheis, Author, The Coffeehouse Investor
"Put simply, this is my favorite economic history book. It gathers what is interesting about economic history to draw important lessons."
--Ed Tower, Professor of Economics, Duke University
"William Bernstein scrutinizes the research literature, distills it with originality and insight, then shares the results with classic Bernstein clarity and wit. Ideologues on both political wings should prepare to have their assumptions challenged."
--Bernard Sherman, Host, "Talk of Iowa - Focus on Finance" Public Radio Show
Rating: 5
Summary: The Roots of Prosperity
Comment: This book explores the cultural and historical factors that converged during the early 1800s to ignite today's economic boom.
The author cites four ingredients: Property rights, scientific rationalism, capital markets and improvements in transportation and communication. He identifies when and how, beginning in the 1820s, each played an accelerating role in our growth.
Bernstein's examination of the role these effects had on people's personal lives adds to this book's value. By identifying the causes of our prosperity, Bernstein provides the reader with a personal platform to assess where we are currently headed.
Surprisingly, the author argues progress has been slowing since 1850. The average resident of the Western world alive in 1950 would have no trouble accepting the technology of the year 2000. This was not the case in 1800. The horse was the fastest moving object then. By 1837, the telegraph's instant communication changed the world forever.
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