Knowingo
The Rise of the Western World
Why did Western Europe, after centuries of poverty and famine, break through to lasting growth in living standards?
At a glance
- Author
- Douglass C. North, Robert Paul Thomas
Why read it
- You will understand the difference between a bigger economy and true growth in income per person
- You will learn why growth stalls when nothing rewards individuals for the activities that bring it
- You will spot the gap between what an activity pays the person doing it and what it gives society as a whole
Who it is for
- A student of economic history comparing Europe with other regions
- A reader asking why some societies grew rich first
- Someone interested in property rights, markets and the state
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