"Compact and immensely readable . . . a tour de force. Prepare to
be amazed." -- John C. Bogle, Founder and Former CEO, The Vanguard
Group
"Vital--a cogent, timely journey through the economic history of
the modern world." -- "Publishers Weekly"
In "The Birth of Plenty," William Bernstein, the bestselling
author of The Four Pillars of Investing, presents his provocative,
highly acclaimed theory of why prosperity has been the engine of
civilization for the last 200 years.
This is a fascinating, irresistibly written "big-picture" work
that highlights and explains the impact of four elements that when
occurring simultaneously, are the fundamental building blocks for
human progress: Property rights, which drive creativity Scientific
rationalism, which permits the freedom to innovate without fear of
retribution; Capital markets, which provide funding for people to
pursue their visions; Transportation/communication, which allows
for the effective transfer of ideas and products.
Meticulously researched, splendidly told, and featuring a new
preface and introduction, "The Birth of Plenty" explains the
interplay of the events, philosophies, and related phenomena that
were nothing less than the crucible of the modern age. This is one
of the rare books that will change how you look at the world.
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