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The Journey of Humanity: The Origins of Wealth and Inequality
Oded Galor
Top 10 Best Quotes
“The human hand is another. In conjunction with our brains, our hands too evolved partly in response to technology, specifically the benefits of creating and utilising hunting tools, needles and cooking gear.”
“this book explores and identifies these undercurrents: the forces that have governed the development process. It demonstrates how these forces operated relentlessly, if invisibly, throughout the course of human history, and its long economic ice age, gathering pace until, at last, technological advancements in the course of the Industrial Revolution accelerated beyond a tipping point, where rudimentary education became essential for the ability of individuals to adapt to the changing technological environment. Fertility rates started to decline and the growth in living standards was liberated from the counterbalancing effects of population growth, ushering in long-term prosperity”
“the proliferation of distinct cultural norms contributed to the variation in the movement of the great cogs of history across the globe.[6]”
“the degree of diversity within each society, its beneficial effects on innovation and its adverse implications for social cohesiveness.”
“is primarily a result of the immense inequality in living standards across world regions”
“if the governing institutions fail to prevent the violation of agreements – or indeed racketeering, theft, intimidation, nepotism or discrimination – trade is likely to be significantly harder and the typical gains it conveys less available.[3]”
“education, tolerance and greater gender equality hold the keys to our species’ flourishing in the decades and centuries to come.”
“Such a brain has only evolved once – in humans. Why is such a powerful brain so rare in nature, despite its apparent advantages?”
“Scholars refer to institutions that enable elites to monopolise power and perpetuate inequality as extractive institutions. In contrast, institutions that decentralise political power, protect property rights, and encourage private enterprise and social mobility are considered inclusive institutions.”
“Ironically, however, just as Malthus completed his treatise and pronounced that this ‘poverty trap’ would endure indefinitely, the mechanism that he had identified suddenly subsided and the metamorphosis from stagnation to growth took place. How did the human species break out of this”
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