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Dr. Bernstein uses expert historical analysis to explain what accounts for economic growth or lack thereof in different societies at different times. His analysis is readily applicable to emerging markets today and to future biomedical technologies of tomorrow. His storytelling is compelling. Well worth a listen for students of history, economics or science!
3 of 3 people found this review helpful
The book that every politician and head of state should read. It should also be required reading for the third world countries dictators that bring their people to misery and poverty.
This book is the story of how the west came across this magic formula that brought wealth, freedoms and human rights even to the most disadvantaged members of our society.
The logic and arguments is irrefutable. The author’s genius is not in really uncovering new historical facts, but putting together a long sequence of causes and effects that seem to answer the million dollar question: How to run a society? (Or why the western model has prevailed)
The book is full of concepts, filled with answers that I looked for, for a very long time. I wonder if anyone else tried such comprehensive explanation of the success of modern capitalism.
5 of 6 people found this review helpful