What can investors learn from ancient history?
How about Muslim history, or the Song Dynasty of China (960 AD-1279 AD), or the Italian Renaissance and the Dutch Republic?
In his new book, Peak Human, Johan Norberg, “a superstar of the global freedom movement” and author of the bestselling books Progress and The Capitalist Manifesto (both reviewed by me in this space), encourages us to learn about past golden ages and what made them golden. By understanding these culturally and economically special times in human history, and their rise and decline, we can shape our own future in better ways. And, because we have technologies (most notably modern medicine) that they did not have, we can live even more productive and enjoyable lives than our successful forbears did.
That happy outcome assumes we don’t destroy our own culture. We could, and in a change of mood from his previous work, the relentlessly optimistic Norberg sees the warning lights flashing. He wrote Peak Human partly in hope of preventing such destruction.
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