In "A Farewell to Alms," economist Gregory Clark delves into the surprising dynamics of economic growth and social change, tracing humanity's journey from poverty to prosperity. Through a compelling mix of historical analysis and innovative research, he argues that culture, rather than mere resources, played a pivotal role in shaping economic outcomes. Clark challenges the conventional wisdom of the Industrial Revolution, revealing how deep-seated behaviors and social norms influenced wealth accumulation. With each chapter, readers are taken on a thought-provoking exploration of how our ancestral past continues to shape modern economies. Prepare to rethink everything you know about wealth, progress, and the human experience!
By Gregory Clark
Published: 2008
"In the long run, it is not the size of the population but the wealth of the individuals that matters."
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. Countering the prevailing theory that the Industrial Revolution was sparked by the sudden development of stable political, legal, and economic institutions in seventeenth-century Europe, Clark shows that such institutions existed long before industrialization. He argues instead that these institutions gradually led to deep cultural changes by encouraging people to abandon hunter-gatherer instincts-violence, impatience, and economy of effort-and adopt economic habits-hard work, rationality, and education. The problem, Clark says, is that only societies that have long histories of settlement and security seem to develop the cultural characteristics and effective workforces that enable economic growth. For the many societies that have not enjoyed long periods of stability, industrialization has not been a blessing. Clark also dissects the notion, championed by Jared Diamond in Guns, Germs, and Steel, that natural endowments such as geography account for differences in the wealth of nations. A brilliant and 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.
Showing 8 of 30 similar books
Chris Dixon is a notable venture capitalist and technology entrepreneur, best known for his influential role as a general partner at Andreessen Horowitz, where he leads investments in cryptocurrency and blockchain technology. Before joining the firm, Dixon co-founded two startups: SiteAdvisor, a web security company acquired by McAfee, and Hunch, a recommendation engine acquired by eBay. In addition to his investment career, Dixon is a prolific writer and thought leader on technology and innovation, contributing insightful essays and articles to various platforms such as his personal blog and Medium. His writings often explore the future of technology, the internet, and the impact of blockchain, making significant contributions to contemporary tech literature. Dixon's work has earned him recognition as a visionary in both the tech and literary worlds.
Marc Andreessen is an American entrepreneur, software engineer, and venture capitalist, best known for co-creating the Mosaic web browser, the first widely-used web browser, and co-founding Netscape. Andreessen is also the co-founder of Andreessen Horowitz, one of Silicon Valley’s most prominent venture capital firms, where he invests in groundbreaking technology companies like Facebook, Airbnb, and Coinbase. He is a thought leader on the impact of technology and innovation, often sharing his views on the future of the internet and startups. His contributions to the development of the web and the tech ecosystem have made him one of the most influential figures in technology.
Alex Honnold is an American professional rock climber, best known for his free solo ascent of El Capitan in Yosemite National Park, a feat that was documented in the Oscar-winning film Free Solo. Honnold is renowned for his mental toughness, technical skill, and ability to climb without ropes or safety equipment. His accomplishments have made him a legend in the climbing world, and he continues to push the boundaries of the sport. Outside of climbing, Honnold is a philanthropist, founding the Honnold Foundation, which supports environmental sustainability projects, particularly in solar energy.
Jon Stewart is an American comedian, writer, and former host of The Daily Show, where he gained fame for his satirical take on news and politics. Stewart transformed The Daily Show into a critical voice in American media, blending humor with hard-hitting commentary on political and social issues. After stepping down from the show, Stewart has continued to advocate for causes like 9/11 first responders and veterans' rights. He is also a filmmaker, directing the political satire film Irresistible. Stewart remains a significant figure in American culture, known for his wit, activism, and influence on political discourse.
Jocko Willink is a retired Navy SEAL officer, renowned for his leadership during the Battle of Ramadi in the Iraq War, which earned him the Silver Star and Bronze Star. Transitioning from military service, he co-authored the best-selling book "Extreme Ownership: How U.S. Navy SEALs Lead and Win" with fellow SEAL Leif Babin, which has become a cornerstone in leadership and management literature. Willink has also written the "Way of the Warrior Kid" series, aimed at empowering young readers with principles of discipline and resilience. Additionally, he hosts the popular "Jocko Podcast," where he discusses leadership, discipline, and personal development. Willink's influence extends beyond literature through his Echelon Front leadership consultancy, helping organizations implement effective leadership strategies.
Jamie Dimon is an American business executive, best known as the Chairman and CEO of JPMorgan Chase, one of the largest and most influential financial institutions in the world. Dimon has led JPMorgan through multiple economic crises, including the 2008 financial crash, and has consistently been recognized for his leadership in the banking industry. Under his tenure, JPMorgan has grown into a global financial powerhouse, focusing on innovation and sustainability. Dimon is also an advocate for corporate responsibility and frequently speaks on economic and regulatory issues. His leadership style and strategic insights have earned him widespread respect in the business world.
Robert Kiyosaki is the author of the bestselling personal finance book Rich Dad Poor Dad, which challenges conventional wisdom on wealth building and financial literacy. He is a self-made entrepreneur and investor who emphasizes the importance of financial education and investing in assets that generate passive income. His Rich Dad brand has expanded to include books, seminars, and a board game that teaches financial principles. Kiyosaki advocates for self-reliance and encourages individuals to break free from the traditional “employee mindset.” He continues to teach people how to achieve financial independence.
Brad Feld is a prominent American entrepreneur, venture capitalist, and author known for his influential work in the startup ecosystem. Co-founder of the Foundry Group, he has played a pivotal role in funding and mentoring early-stage technology companies. Feld is also a key figure behind the Techstars accelerator program, which has helped launch numerous successful startups. As an author, he has penned several essential books on entrepreneurship and venture capital, including "Venture Deals" and "Startup Communities," which provide invaluable insights for aspiring entrepreneurs and investors. His writings and active blogging have cemented his reputation as a thought leader in the tech and startup communities.
Showing 8 of 12 related collections
“In the long run, it is not the size of the population but the wealth of the individuals that matters.”
A Farewell to Alms
By Gregory Clark
Discover a world of knowledge through our extensive collection of book summaries.
Gregory Clark is an esteemed economist and historian known for his innovative research on economic history and social mobility. He is a professor at the University of California, Davis, where he focuses on the interplay between historical institutions and modern economic performance. Clark gained widespread recognition for his influential book, "A Farewell to Alms," which explores the causes of the Industrial Revolution and its impact on economic inequality. His work often combines insights from historical data with rigorous economic analysis, challenging conventional narratives. In addition to his academic contributions, Clark is a sought-after speaker and has published numerous articles in prestigious journals, further establishing his reputation in the field.
Key information about the book.
Buy on Amazon
Buy via BookShopSupport local bookstores: BookShop gives a portion of each sale to independent bookshops!
In "The Lessons of History," Will and Ariel Durant distill the sweeping narrative of human civilization into profound insights that span cultures and epochs. They explore the recurring themes of war, economics, religion, and human nature that shape our collective journey. With razor-sharp clarity, the Durants argue that the past holds invaluable lessons that can guide our present and future decisions. What patterns emerge when we closely examine the ebb and flow of societies? This thought-provoking work invites readers to reflect on the intricacies of humanity's story and consider how we might navigate the path ahead.
In "A Brief History of Time," Stephen Hawking takes readers on a captivating journey through the cosmos, exploring the nature of time, black holes, and the universe's beginnings. With stunning clarity, he unravels complex scientific concepts, inviting everyone—from curious laypersons to seasoned physicists—to ponder the mysteries of existence. Hawking's charismatic storytelling challenges our perceptions of reality and time itself, posing profound questions about the universe's fate. As he merges science with philosophy, the reader is compelled to reflect on their place in a vast, enigmatic cosmos. Prepare to be inspired and awed by a narrative that transcends mere facts, pushing the boundaries of human understanding.
In 'The City in History,' Lewis Mumford explores the evolution of urban life from ancient times to the modern metropolis. He argues that cities are not just physical structures but reflections of human values and societal progress. Mumford delves into the interplay between architecture, technology, and culture, revealing how they shape the human experience. With incisive critiques and vivid historical examples, he presents a vision of the ideal city that promotes both individuality and community. This thought-provoking journey challenges readers to reconsider the role of cities in their own lives and the future of civilization.
In 'The History of the Decline & Fall of the Roman Empire,' Edward Gibbon meticulously chronicles the mighty empire's descent into chaos and obscurity. With eloquent prose, Gibbon unveils the interplay of political intrigue, moral decay, and military defeats that eroded Rome's power. His analysis does not merely recount events but delves into the philosophical implications of decline and the lessons for future societies. As empires rise and fall, engage with the timeless questions Gibbon poses about civilization itself. Dive into this monumental work to understand how history shapes our present and future.
In 'A History of Economic Theory', Jürg Niehans takes readers on a captivating journey through the evolution of economic thought. From ancient philosophies to contemporary paradigms, the book unravels how ideas have shaped economic practices across cultures and eras. With each chapter, Niehans reveals the intellectual battles and breakthroughs that have defined the discipline. Rich in historical context, this work challenges readers to consider the relevance of past theories in today's economy. Dive into this scholarly adventure and discover how the past continually influences our understanding of wealth and value.
In 'A History of God', Karen Armstrong embarks on a fascinating journey through the evolution of the concept of God from ancient times to the modern era. She explores how various religions—Judaism, Christianity, and Islam—have shaped humanity's understanding of the divine, revealing the complexities and contradictions in these beliefs. Highlighting the influence of culture, politics, and philosophy, Armstrong invites readers to reconsider their perceptions of faith and spirituality. This thought-provoking narrative raises profound questions about the nature of belief and the future of religious thought. Are we on the brink of a new understanding of God, or are we simply repeating history?
In 'A Brief History of Everything', Ken Wilber takes readers on an enlightening journey through the evolution of consciousness and the unfolding of human history. He skillfully weaves together insights from philosophy, science, and spirituality, offering a holistic perspective on our existence. Discover how various cultural paradigms intersect and influence our understanding of reality. This thought-provoking exploration challenges conventional views and invites readers to contemplate their place in the cosmos. What if the key to our future lies in understanding the past in a radically new way?
In 'A Short History of Nearly Everything,' Bill Bryson embarks on a whimsical journey through the annals of science, unraveling the mysteries of the universe and humankind's place within it. With wit and humor, he demystifies complex concepts, from the Big Bang to atoms, making them accessible to the layperson. Bryson introduces us to eccentric scientists and their groundbreaking discoveries, igniting a sense of wonder about the world we inhabit. This book is not merely a history; it's a celebration of curiosity, sparking an appreciation for the intricacies of life and the universe. Prepare to be entertained and enlightened as you explore the 'why' and 'how' behind nearly everything.
Download our mobile app to enjoy your favorite books on the go. Get access to exclusive features, offline listening, and personalized recommendations.
