Sunday, 9 January 2011
David Landes is a great economic historian and his The Wealth and Poverty of Nations provides a very interesting reading. Yet he does not have a theory for why Europe's periphery did not catch up to the forerunners, during the nineteenth or the twentieth centuries. He simply says that people there are different and behave differently: the North had great men that took the right decisions, either in governments or in business, whereas the South had lousy politicians and lousy entrepreneurs. This is clearly too simplistic. Isn't it? I tend to think so, and here are some reasons why - reasons that can certainly be extrapolated forwards.
Posted by Pedro Lains at 10:37