The Birth of Plenty: How the Prosperity of the Modern World was Created

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9780071747042: The Birth of Plenty: How the Prosperity of the Modern World was Created

“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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About the Author:

About the Authors
William J. Bernstein is the editor of the quarterly asset allocation journal Efficient Frontier, founder of the popular website EfficientFrontier.com, and a principal in Efficient Frontier Advisors. He is often quoted in national publications, including The Wall Street Journal, Barron's, Money, and Forbes.

From Publishers Weekly:

Rather than dry academic analysis, Bernstein, in his second book (after Four Pillars of Investing), has created a vital, living text-a cogent, timely journey through the economic history of the modern world. He identifies institutions ("the framework within which human beings think, interact and carry on business") as the engines of prosperity. Boiled down to four (property rights, the scientific method, capital markets and communications), these institutions come from ideas and practices that bubbled forth over the course of hundreds of years. Bernstein is clear in explaining that the civilizations that develop and implement these systems thrive, and that those that do not, perish. The Spanish empire, for example, had most of these but lacked effective capital markets. When the gold from the New World dried up, the empire essentially went broke. By 1840 the British had all of these institutions in place, economic growth exploded and the lot of the common man was immensely improved. Today, the U.S. faces the challenge of sustaining prosperity in the face of rapid technological change. Though fairly Eurocentric in focus, Bernstein's narrative tracks the development of these essential ingredients to prosperity over a global landscape-the great dynasties of China get plenty of attention here, as do the Japanese. Solid writing and poignant assessments of the economic players throughout time give texture and flavor to Bernstein's argument: he describes the medieval relationship between the various European kingdoms and the Vatican as "a holy shakedown racket." Packed with information and ideas, Bernstein's book is an authoritative economic history, accessible and thoroughly entertaining.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

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Book Description McGraw-Hill Education - Europe, United States, 2010. Paperback. Book Condition: New. Language: English . Brand New Book. 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; and, 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. Bookseller Inventory # AA39780071747042

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Book Description McGraw-Hill. Paperback. Book Condition: New. Paperback. 432 pages. Dimensions: 8.8in. x 6.0in. x 1.2in.Compact and immensely readable . . . a tour de force. Prepare to be amazed. John C. Bogle, Founder and Former CEO, The Vanguard Group Vitala 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; Transportationcommunication, 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. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Bookseller Inventory # 9780071747042

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