A farewell to alms

a brief economic history of the world

By Clark, Gregory

Publishers Summary:
"Why are some parts of the world so rich and others so poor? Why did the Industrial Revolution - and the unprecedented economic growth that came with it - occur in eighteenth-century England, and not at some other time, or in some other place? Why didn't industrialization make the whole world rich - and why did it make large parts of the world even poorer? In A Farewell to Alms, Gregory Clark tackles these profound questions and suggests a new and provocative way in which culture - not exploitation, geography, or resources - explains the wealth, and the poverty, of nations." "A sobering challenge to the idea that poor societies can be economically developed through outside intervention, A Farewell to Alms may change the way global economic history is understood."--BOOK JACKET.

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ISBN
978-0-69112-135-2
Publisher
Princeton : Princeton University Press, c2007.


REVIEWS

Library Journal

Reviewed on September 1, 2007

In 1798, Thomas Malthus theorized that real economic progress was impossible, as any improvement of living standards would inevitably lead to population growth that would then devour resources and lower living standards back to their earlier subsistence level. Clark (economics, Univ. of California, Davis) explores this Malthusian Trap and how England broke through it around 1800, starting the Industrial Revolution that spread t...Log In or Sign Up to Read More

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