ENGLISH

A Farewell to Alms: A Brief Economic History of the World

By Gregory Clark

Book information

Publisher
Princeton University Press
Year
2007
ISBN
0691121354, 9780691121352
LCC
HC21 .C63 2007
Open Library ID
OL17891886M
Language
english
Format
PDF
Filesize
25 MB (25725178 bytes)
Series
Princeton Economic History of the Western World
Edition
illustrated edition
Pages
433\433
Topic
Economy
Orientation
no
Scanned
no
Time added
2010-02-18 13:16:04

Description

The reasons that 3rd world countries are so poor is because of planned-economies and interventionism. There's no other reason. No single group of man was born with an innate ability to participate in the Industrial Revolution! Look at the recent economic development of India and China, they are raising their life expectancy not because they had some societal/psychological shift! They're having it because they freed their markets, which in turn will allow comparative advantage to best use their resources! Also, what Clark seems to ignore is the ability for man to use land to sustain his own life. The reason we have such high rates of poverty is because we have such low rates of land usage. The redistribution of natural resources through taxation would lift the burden of speculation off the back of the working class and allow markets to actually be free. Clark is a moron. He ignores simple economic principles to create an "interesting and politically incorrect read!". Dumb. I'm returning it today.

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