#6490
Mentioned in 2 episodes
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.
The book explores the historical development and application of these factors across various regions and examines their impact on economic growth and prosperity.
Mentioned by
Mentioned in 2 episodes
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
Mentioned by 
Morgan Housel , outlining William Bernstein's four key factors for long-term economic growth.
Morgan Housel , outlining William Bernstein's four key factors for long-term economic growth.
42 snips
Justifying Optimism
Mentioned by Chad Coach Carson while discussing the intersection of solving big problems and scaling solutions for affordable housing.
#381: How Real Estate Investors Can Solve the Housing Crisis
