I gave this lecture at the annual Austrian Economics Research Conference, held at the Mises Institute in Auburn, Alabama. I gave it on Friday afternoon, March 21.
The topic, "How Come We're So Rich?" dealt with the Industrial Revolution, and how it has changed our lives in ways unimaginable in 1800. We forget how utterly different the world was in 1800.
This lecture refers to major recent studies by Gregory Clark and Deirdre McCloskey. McCloskey has single-handedly demolished every major theory of the origin of the Industrial Revolution.
At the end of my presentation, I suggested three missing topics that are necessary to explain how this improbable transformation took place.
We need to get answers for the five W's: who, what, where, when, why?
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