The Birth of Plenty

by GadgetManiac on July 25, 2004

The Birth of Plenty is a new book on economics by Dr. William J. Bernstein.

The book is an inquiry into how prosperity gets created. He states that for countries to become wealthy, four factors must be satisfied:
1. Property rights for individuals.
2. Belief in the scientific method.
3. Free flow of capital.
4. Good roads and communications.

Sounds about right.

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{ 4 comments… read them below or add one }

Herbalife March 17, 2010 at 11:07 PM

This blog is impressive. It might be a good idea to use lighter colors and improve on the design in order to increase your visitor retention

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Brett3 January 17, 2011 at 9:14 AM

It’s interesting that the scientific method is in there. That method is probably responsible for more human progress than almost anything else, except maybe understanding how to use tools.

Reply

TopDog March 22, 2011 at 9:49 AM

I wonder how wealth was created pre-scientific method.

Reply

sam45 September 7, 2011 at 2:30 PM

those four factors seem a little generalized, maybe even a little obvious.

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