Tuesday, October 9, 2007

Why Did The Industrial Revolution Happen Where It Did? By Steve Sailer

An ambitious and provocative new book by University of California at Davis economic historian Gregory Clark, A Farewell to Alms: A Brief Economic History of the World attempts to explain two huge questions:

Why did one part of the human race finally break out of the "Malthusian trap"—in which growth in per capita income is washed away by subsequent population growth—namely England, at the end of the 18th Century, through rapid and sustained technological advance?

And why did the prosperity made possible by the Industrial Revolution successfully spread to some countries but not to others?

In the process, Clark offers a stunning rebuke to economists:

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