The Birth of Plenty

How the Prosperity of the Modern World was Created

by: William J. Bernstein

in: U.S. History

Summary:

The book explores the historical factors that led to the unprecedented economic growth and prosperity that began in the 18th century, attributing it to four essential elements: property rights, scientific rationalism, capital markets, and improvements in transportation and communication. It examines how these components interacted to create the wealth and innovation characteristic of modern civilization.