

“May our philosophies keep pace with our technologies. May our compassion keep pace with our powers. And may love, not fear, be the engine of change.”
― Origin
― Origin

“For economists, Argentina is a perplexing country. To illustrate how difficult it was to understand Argentina, the Nobel Prize–winning economist Simon Kuznets once famously remarked that there were four sorts of countries: developed, underdeveloped, Japan, and Argentina.”
― Why Nations Fail: The Origins of Power, Prosperity, and Poverty
― Why Nations Fail: The Origins of Power, Prosperity, and Poverty

“The Industrial Revolution started and made its biggest strides in England because of her uniquely inclusive economic institutions. These in turn were built on foundations laid by the inclusive political institutions brought about by the Glorious Revolution. It was the Glorious Revolution that strengthened and rationalized property rights, improved financial markets, undermined state-sanctioned monopolies in foreign trade, and removed the barriers to the expansion of industry. It was the Glorious Revolution that made the political system open and responsive to the economic needs and aspirations of society. These inclusive economic institutions gave men of talent and vision such as James Watt the opportunity and incentive to develop their skills and ideas and influence the system in ways that benefited them and the nation. Naturally these men, once they had become successful, had the same urges as any other person. They wanted to block others from entering their businesses and competing against them and feared the process of creative destruction that might put them out of business, as they had previously bankrupted others.”
― Why Nations Fail: The Origins of Power, Prosperity, and Poverty
― Why Nations Fail: The Origins of Power, Prosperity, and Poverty

“The skill I was learning was a crucial one, the patience to read things I could not yet understand.”
― Educated
― Educated

“I began to experience the most powerful advantage of money: the ability to think of things besides money.”
― Educated
― Educated
Mert’s 2024 Year in Books
Take a look at Mert’s Year in Books, including some fun facts about their reading.
More friends…
Favorite Genres
Polls voted on by Mert
Lists liked by Mert