Profile Books; 480 pages; £25. To be published in America by Hachette in March as “More: A History of the World Economy from the Iron Age to the Information Age”; $30
It is a real pleasure, then, to read a history that naturally includes the crises but sets them in the context of the immense economic advances over the past ten millennia. “More” opens with the ancient economy and the code of Hammurabi, which set out the rules for fair commercial dealings, legal liability, property rights and a minimum wage.
Take, for example, a chapter on transport networks, a subject that rarely sets the pulse racing. It starts with an image of the main hall of Grand Central Station in New York—familiar to most readers from photographs if not from personal experience—and recounts the fact that in 1961 its owners petitioned to lower the hall’s ceiling to make room for three tiers of bowling alleys overhead.
Which economic thinking does it leave out?
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