Saturday, October 15, 2005

The Wealth and Poverty of Nations - David Landes

It's been a while since I read this, and my memory of it is a little hazy. The question being answered is, in short, why is it that some countries are so wealthy, and others are so poor?

Now, Landes wrote this as emeritus professor of history at Harvard, so that in itself should lend some credence to the book. I do recall, that I felt a little unconvinced at the end of the book - his position that the values and attitudes that led to and sustained the industrial revolution are the drivers of success felt glib and pat, but presented with such a tone of self-assuredness that I can't help but think that he is, rather than having a good think about things, regurgitating in book form the convictions that he's developed over however many years as a distinguished academic.

I don't really disagree with most of his observations. It's more the lack of any indicators of success besides wealth. The other thing I didn't really agree with was his estimation of sustainable wealth generation - e.g., the wealthy countries today are growing sustainably because their growth has been sustainable for the last couple of hundred years. Glib, pat, and debatable.

It's a historical tour de force, and I'd say a good point to start chatting about the issues raised, but by no means should it be held as the final word.