The birth of plenty

How the Prosperity of the Modern World Was Created

Book • 2023

In this book, William J. Bernstein argues that the key to prosperity lies in a 'prosperity formula' consisting of four essential components: property rights, scientific rationalism, capital markets, and efficient transportation and communication.

The book explores the historical development and application of these factors across various regions and examines their impact on economic growth and prosperity.

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Barry Ritholtz

as one of the many fascinating books written by Bill.

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Efficient Frontier Advisors Co-Founder & Neurologist Bill Bernstein

In regards to how The Birth of Plenty relates to purchasing things more cheaply, in the ability to purchase things more cheaply than would be available to you from domestic producers.

99 snips

Efficient Frontier Advisors Co-Founder & Neurologist Bill Bernstein

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