Download The Birth of Plenty: How the Prosperity of the Modern World Was Created AudioBook Free
“Compact and immensely readable . . . a tour de force. Prepare to be amazed.” ― John C. Bogle, Founder and Former CEO, The Vanguard Group “Vital―a cogent, timely journey through the monetary history of the modern world.” ― Publishers Weekly In The Birth of Plenty, William Bernstein, the bestselling author of The Four Pillars of Investing, presents his provocative, highly acclaimed theory of why prosperity has been the engine of civilization going back 200 years. That is a fascinating, irresistibly written “big-picture” work that highlights and explains the impact of four elements that when occurring simultaneously, are the fundamental blocks for human progress:
- Property rights, which drive creativity
- Scientific rationalism, which permits the freedom to innovate without fear of retribution;
- Capital markets, which provide funding for people to pursue their visions;
- Transportation/communication, which allows for the effective transfer of ideas and products.