How the World Became Rich

Name: How the World Became Rich
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SKU: 9781509540235
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The Historical Origins of Economic Growth

By Mark Koyama and Jared Rubin

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Summary

How the World Became Rich by Mark Koyama and Jared Rubin explores why modern economic growth occurred when and where it did. The authors examine theories based on geography, politics, culture, demography, and colonialism to explain the Industrial Revolution's origins in 18th-century Britain, the 19th-century catch-up of Europe, the US, and Japan, and why other countries gained wealth only in the late 20th and 21st centuries or have yet to do so. They argue that understanding history and institutions is crucial for countries seeking to escape poverty.
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Format: Paperback / softback

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How the World Became Rich

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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

Ideal for economics students, educators, policymakers, and readers interested in economic history and development, especially those seeking insight into the forces shaping modern wealth and poverty.

"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?"--

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 where it did. They discuss recently advanced theories rooted in geography, politics, culture, demography, and colonialism. Pieces of each of these theories help explain key events on the path to modern riches. Why did the Industrial Revolution begin in 18th-century Britain? Why did some European countries, the US, and Japan catch up in the 19th century? Why did it take until the late 20th and 21st centuries for other countries? Why have some still not caught up?

Koyama and Rubin show that the past can provide a guide for how countries can escape poverty. There are certain prerequisites that all successful economies seem to have. But there is also no panacea. A society’s past and its institutions and culture play a key role in shaping how it may – or may not – develop.

Also available as an audiobook.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Praised as a "vivid and crystal-clear summary" of vital economic history research by Joel Mokyr, and deemed "thought-provoking" and essential reading for understanding growth and poverty by Daron Acemoglu, this book is recognised for its clarity and importance. The Economic History Review calls it "timely, consolidated, and refreshingly succinct", predicting its status as a seminal text.

Book Details

INFORMATION

ISBN: 9781509540235

Publisher: John Wiley and Sons Ltd

Format: Paperback / softback

Date Published: 25 March 2022

Country: United Kingdom

Imprint: Polity Press

Audience: Professional and scholarly

DIMENSIONS

Spine width: 18.0mm

Width: 152.0mm

Height: 229.0mm

Weight: 386g

Pages: 240

Collections

Education & Reference Finance & Economics Finance & Investment Jared Rubin Mark Koyama Non-Fiction

About the Author

Mark Koyama is Associate Professor of Economics at George Mason University.
Jared Rubin is Professor of Economics at Chapman University.