Why Are Some Countries Rich While Others Are Poor?

In A Farewell To Alms, economist Gregory Clark attempts to present the reasons for the industrial revolution taking place and why all of the world’s countries were not equally affected by it. Two hundred years after the industrial revolution, some countries see untold wealth while others are actually living worse off than before it took place. He looks into the economic answers to this problem.
The book starts off by examining how life was for the common man before the industrial revolution (the Malthusian era). During this time, any increase in population would mean a direct decrease in living standards. This Read More

Source: Return of Kings

Be Sociable, Share!