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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.
Table of Contents
Preface; Introduction;
Section I - The Sources of Growth;
Chapter 1. A Hypothesis of Wealth;
Chapter 2. Property;
Chapter 3. Reason;
Chapter 4. Capital;
Chapter 5. Power, Speed, and Light;
Chapter 6. Synthesis of Growth;
Section II: Nations;
Chapter 7. The Winners-Holland and England;
Chapter 8. Runners-Up;
Chapter 9. The Last;
Section III: Consequences;
Chapter 10. God, Culture, Mammon, and the Hedonic Treadmill;
Chapter 11. The Great Trade-Off;
Chapter 12. Mammon and Mars;
Chapter 13. The End of Growth?;
Chapter 14. When, Where, and Whither
432 pages, Paperback