From time to time there have been different versions and analyzes of the causes of economic prosperity and underdevelopment. As well as economic inequalities between citizens. Which sometimes even like phenomena, succeed one another. Oder Galor in an extremely original and very important study of his, which incorporates years of his lectures at the Universities of the United States, “The Journey of Humanity: The Origins of Wealth and Inequality”, Dutton, 2022 tries to give a new interpretation to these phenomena . In his interesting view, humanity usually fell into the so-called “Malthus trap”. In the tendency of populations to increase in response to technological development. Which, of course, led to new financial impasses and financial ruts.<\/p>\n\n\n\n
However, technological progress is usually followed by population growth. As a result, this historically leads, especially in recent decades, to tragic consequences. Financial distress ie and rut. But it was gradually realized that the larger the population, the greater the chances of new developments in technology and new inventions and achievements. As a result, parents invest in their children’s education as much as possible in order to have the best possible qualifications for the future. This means that most children ended up costing a lot and gradually the number of births began to decrease. Thus the sequence technological development, population growth, economic impasses broke. So wealth leads to technological progress and new wealth. But it also causes population stagnation.<\/p>\n\n\n\n
From there, various factors play a role in development, underdevelopment, general well-being and issues of equality, inequality and social balance. These can be the culture, the general moral values of a society, the level and character of education, the institutions of a country and, as the case may be, genetic factors can also prove to be important. However, it is certainly difficult to achieve high levels of prosperity without freeing the markets from the interference of the public sector and from high public expenditures. The large involvement of the state in the economy in any way ultimately leads to a restriction of freedoms. And we are impressed that this parameter is not analyzed with particular emphasis by Galor.<\/p>\n\n\n\n
In general, however, religion also plays a very important role. As Protestantism is closely related to rapid capitalist development. The analysis of the book, however, places particular emphasis on Islam, and its effects on the fortunes of a very large part of the earth’s population.<\/p>\n\n\n\n
Oder Galor’s book handles extremely complex topics in a huge historical depth trying to explain developments and processes in a relatively simple way enabling the interested reader to understand multi-layered issues in a simple and unpretentious way. It is not easy for everyone to agree with his conclusions or identify with his claims. However, in a much more comprehensible way than other works of the genre (e.g. Piketty’s), it facilitates its audience to approach concepts that are by their nature difficult to understand and difficult to understand by non-specialists. However, human history and the path from economic hardship to prosperity and equality become the property of anyone who approaches this work.<\/p>\n","protected":false},"excerpt":{"rendered":"
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