Description
“The Lever of Riches: Technological Creativity and Economic Progress” is a book written by economic historian Joel Mokyr. Published in 1990, the book explores the role of technology in driving economic development and progress throughout history.
In “The Lever of Riches,” Mokyr examines how technological innovations have been instrumental in shaping economic growth and improving living standards. He argues that technological creativity, fueled by factors such as scientific knowledge, cultural attitudes, and economic incentives, has been a key driver of human prosperity.
Mokyr discusses various historical periods and regions, examining the impact of inventions, discoveries, and technological advancements on economic outcomes. He explores how societies have harnessed technological progress to overcome challenges, increase productivity, and generate wealth.
The book covers a wide range of topics, including the Industrial Revolution, the influence of institutions and social structures on technological change, the diffusion of knowledge, and the relationship between science and technology. Mokyr also emphasizes the importance of understanding the cultural and social context within which technological innovation occurs.
“The Lever of Riches” is considered a significant contribution to the field of economic history, offering valuable insights into the interplay between technology, innovation, and economic development. It provides a comprehensive analysis of how technological change has shaped human progress and continues to do so in contemporary societies
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