A Farewell to Alms invites readers to explore one of the most enduring puzzles of economic history: why do some societies flourish while others remain mired in poverty? Gregory Clark challenges the common belief that the Industrial Revolution was ignited by a sudden emergence of robust political and economic institutions. Instead, he argues that centuries of cultural evolution - marked by hard work, rationality, and a commitment to education - lay the groundwork for modern prosperity. Clark contends that only societies with long histories of stable settlement have developed the deep-rooted work habits and effective workforce necessary for sustained economic growth. By questioning theories that credit geography or resource endowments with the wealth of nations, this provocative study redefines our understanding of how industrialization reshaped the world. A Farewell to Alms offers a sobering perspective on why economic advancement has not been universal and suggests that cultural factors may hold the key to future development.
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