Book description
Most humans are significantly richer than their ancestors. Humanity gained nearly all of its wealth in the last two centuries. How did this come to pass? How did the world become rich?
Mark Koyama and Jared Rubin dive into the many theories of why modern economic growth happened when and…
Why read it?
1 author picked How the World Became Rich as one of their favorite books. Why do they recommend it?
This is a great textbook as well. But it has two important advantages.
First, it came out 10 years later than Why Nations Fail, therefore covering so much more recent research in this very vibrant field of interdisciplinary work on what drives and what slows down economic development.
Second, while the authors have worked on these issues themselves, they are much less focused on one of the explanations of development and provide a more balanced view of the field.
Very informative read even for those who (like me) have already read a lot on the subject. A treasure of previously…
From Sergei's list on why countries succeed and why they fail.
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