A Farewell to Alms
A Farewell to Alms
Gregory Clark
Niall Ferguson
I highly recommend. - Niall Ferguson
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A Farewell to Alms

A Farewell to Alms: A Brief Economic History of the World

Gregory Clark
By
Gregory Clark
3.7
135
ratings on Goodreads

In "A Farewell to Alms," Gregory Clark embarks on a compelling journey through the corridors of history to uncover the roots of global economic disparity. With a narrative that challenges the conventional wisdom, Clark posits that the vast differences in wealth seen across the world are not a result of geography, exploitation, or a sudden surge in political and legal institutions, but rather the outcome of deep-seated cultural evolutions. His exploration dives into the heart of the Industrial Revolution, revealing that the seeds for this monumental shift were sown much earlier than commonly believed. Through meticulous analysis, Clark argues that the long-standing institutions of the pre-industrial era slowly cultivated a culture of hard work, rationality, and education, which eventually propelled some societies towards unprecedented economic growth, leaving others in their wake. Clark's narrative is not just a historical recounting but a profound inquiry into the essence of human progress and development. He scrutinizes why the blessings of industrialization were unevenly distributed and suggests that the cultural characteristics and workforces that underpin economic growth are the fruits of long periods of stability and security. "A Farewell to Alms" presents a groundbreaking perspective on the wealth and poverty of nations, challenging readers to rethink the foundations of economic inequality. Through its provocative thesis, the book invites a fresh examination of how culture, more than exploitation or geographical endowments, shapes the economic destinies of societies.

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Released
2007
24 Jul
Length
432
Pages

1

recommendations

recommendation

I highly recommend. - Niall Ferguson
Preindustrial living standards are predictable based on knowledge of disease and environment. Differences in social energy across societies were muted by the Malthusian constraints. They had minimal impacts on living conditions. Since the Industrial Revolution, however, we have entered a strange new world in which economic theory is of little use in understanding differences in income across societies, or the future income in any specific society. Wealth and poverty are a matter of differences in local social interactions that are magnified, not dampened, by the economic system, to produce feast or famine.
— Gregory Clark, A Farewell to Alms

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