{"id":2147313,"date":"2021-05-17T10:06:27","date_gmt":"2021-05-17T04:36:27","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=2147313"},"modified":"2021-05-17T10:06:41","modified_gmt":"2021-05-17T04:36:41","slug":"book-review-the-birth-of-plenty","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2021\/05\/17\/book-review-the-birth-of-plenty\/","title":{"rendered":"Book Review: The Birth of Plenty"},"content":{"rendered":"\n<p>In <em>The Birth of Plenty: How the Prosperity of the Modern Work was Created<\/em> (<a rel=\"noreferrer noopener\" href=\"https:\/\/www.amazon.in\/Birth-Plenty-Prosperity-Modern-Created\/dp\/0071747044\" target=\"_blank\">Amazon<\/a>,) author Bill Bernstein illustrates how the prosperous <em>west<\/em> got that way and presents a hypothesis on how growth happens.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Prosperity flows naturally once a society acquires the four crucial factors\u2014property rights, scientific rationalism, capital markets, and modern transportation and communication.<\/p><p>The wretched masses of the third world suffer not because they are deficient in factories and machines but because they lack institutions\u2014property rights, a scientific outlook, and capital markets\u2014while at the same time their countries experience explosive population growth from their glancing encounter with the advances of modern medicine.<\/p><\/blockquote>\n\n\n\n<p>It is a fascinating book and you should read it even if your interest in developmental economics is tepid, at best.<\/p>\n\n\n\n<p><strong>Recommendation<\/strong>: Must Read.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In The Birth of Plenty: How the Prosperity of the Modern Work was Created (Amazon,) author Bill Bernstein illustrates how the prosperous west got that way and presents a hypothesis on how growth happens. Prosperity flows naturally once a society acquires the four crucial factors\u2014property rights, scientific rationalism, capital markets, and modern transportation and communication. &hellip; <\/p>\n","protected":false},"author":2,"featured_media":2093173,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4023],"tags":[3751,3761],"class_list":["post-2147313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-book-reviews","tag-book","tag-review","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2147313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=2147313"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2147313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media\/2093173"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=2147313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=2147313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=2147313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}