The Making of the Modern Economy
Financial Times columnist Tim Harford
has written a very enjoyable book about the inventions the brought about
today’s globalized economy. At the outset he pays tribute to science historian
James Burke who brought us “Connections” the late 1970s BBC series on the
history of science.
As the title notes Harford discusses the
origins and the implications of 50 inventions. I note ten of them below to give
you a sample:
·
Barbed Wire –
Established the practically of legal boundaries in the American West.
·
The Pill –
Enabled female sexual autonomy that opened the way for women to enter the
professions in the 1970s.
·
The Dynamo – The
broad transmission of electrical energy.
·
The Shipping
Container – Without which global commerce would be a shadow of its current
self.
·
The Elevator –
Perhaps the foremost mass transit invention that enables dense cities.
·
Double- Entry
Bookkeeping – The way measure and control
the efficacy of enterprise.
·
The Limited
Liability Company – Enables risk taking on a grand scale.
·
The Compiler –
Enables computers to be programmed in English (well sort of).
·
Property Registry
– Converts land into tradeable capital.
There
are, of course 40 more and Harford tells the story of all of them in a very
breezy style. The chapters are short and that makes the book easy to put down
and pick up with ease.
To sum up
I highly recommend Harford’s book for lay readers, history buffs and economists
alike interested in getting a better understanding how our world came to be.
The complete Amazon URL appears at: https://www.amazon.com/review/R1S73ESGPG95DZ/ref=pe_1098610_137716200_cm_rv_eml_rv0_rv
No comments:
Post a Comment