Birth of Plenty: How the Prosperity of the Modern Work Was Created

The Birth of Plenty: How the Prosperity of the Modern Work Was Created

By William Bernstein

"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 economic 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 for the last 200 years.

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Book Information

Publisher: McGraw-Hill Companies
Publish Date: 07/12/2010
Pages: 432
ISBN-13: 9780071747042
ISBN-10: 0071747044
Language: English

Full Description

"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 economic 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 for the last 200 years.

This is a fascinating, irresistibly written "big-picture" work that highlights and explains the impact of four elements that when occurring simultaneously, are the fundamental building 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.

Meticulously researched, splendidly told, and featuring a new preface and introduction, The Birth of Plenty explains the interplay of the events, philosophies, and related phenomena that were nothing less than the crucible of the modern age. This is one of the rare books that will change how you look at the world.

About the Author

William J. Bernstein, Ph.D., M.D., is a neurologist and the cofounder of the investment management firm Efficient Frontier Advisors. He is the author of three finance books--The Intelligent Asset Allocator, The Four Pillars of Investing, and The Investor's Manifesto--and two volumes of economic history, The Birth of Plenty and A Splendid Exchange. Bernst

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