
The Birth of Plenty
by William Bernstein · first published 2004
7mentions
5recommended by
6HN commenters
2009–2020first – last mentioned
83% recommend17% neutral
Why HN recommends it
Explains how modern prosperity came about, tracing the institutions, property rights, science and technology behind long-run economic growth. Suggested for readers curious why some economies took off.
Summarised by Claude from recommending comments
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William Bernstein has argued pretty well that the growth of economies over the long term has held pretty stable over (surprisingly) the last several hundred years. See his book, "The Birth of Plenty": https://www.amazon.com/Birth-Plenty-Prosperity-Modern-Create... The keys to economic growth he identifies are (1) property rights, (2) scientific rationalism, (3) capital markets, and (4) adequate…
on “Dow plunges 1000 points” ↗…Nations: The Scramble for Power in an Ungoverned World Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist AI Superpowers: China, Silicon Valley, and the New World Order Historical: The Birth of Plenty: How the Prosperity of the Modern World was Created Why Nations Fail: The Origins of Power, Prosperity, and Poverty General: Predictably Irrational, Revised and Expanded Edition: The Hidden Forces…
on “Ask HN: Which book helped you understand the world?” ↗…Lakoff - Seeing Like A State, James Scott - Ishmael, Daniel Quinn - Surely You're Joking Mr. Feynman, Richard Feynman - Beyond Fear, Bruce Schneier - The Omnivore's Dilemma, Michael Pollan - The Birth Of Plenty, William Bernstein
on “Ask HN: book suggestions in non-tech fields (e.g. psychology, philosophy…)” ↗I've liked other stuff by William Bernstein. His book "The Birth of Plenty" is excellent. I haven't read the pamphlet mentioned in the article, but I just downloaded it. I'll be interested to see what his advice is to younger people now. At least in the past, he was not quite…
on “A Path to Retirement, for Those Far From It” ↗…Drucker -- "essential" reading for anyone in management or scaling a startup. History, and why the world is the way it is today: Sapiens, Yuval Noah Harari Guns, Germs, and Steel, Jared Diamond The Birth of Plenty, William Bernstein They Made America, Harold Evans -- fantastic history book with each chapter telling the detailed story of a businessperson or inventor in U.S. history
on “Ask HN: What books have made the biggest impact on your mental models?” ↗Haven't read the full paper, but this caught my eye: The world economy, which now doubles in 15 years, would soon double in a week to a month According to the book "The Birth of Plenty" by William J. Bernstein, the world's wealth has been growing at a steady rate of 2% since 1820. Not sure where the disagreement comes from. Maybe the author of the article doesn't make a correction…
on “If you want to be rich, first stop being so frightened (2006)” ↗…interests "Corporate and big business interests", i.e., publicly traded companies, are responsible for the majority of wealth creation (source: well it's obvious, but see for example William Bernstein, "The Birth of Plenty".) So what you said can be rephrased as, "The US system works to enable wealth creation", or in other words, "The US system is optimized for providing the best standard of living for its citizens."…
on “Taping of Farm Cruelty Is Becoming the Crime” ↗