Fifty Things That Made the Modern Economy
This book is an interesting read coming straight off the back of Human Origins. The book starts out by explaining the impact the invention of the plow had on humanity -- it asserts that farmers being able to produce substantially more than they needed for their own subsistence was a driving factor in the creation of both other specializations (by freeing people up from farming), but also a more unequal society (as it allowed a ruling class to live off resources produced by others). This is an interesting assertion to me. Next the book moves on to observing that with all innovations there is a winner and a loser. An early example is the phonograph -- before the invention of recorded media there was a market for quite-good-but-not-great performers to entertain people. Once there was an ability to record great performers, the earning capacity of the great performers went way up but the earning capacity of the not-quite-great performers went down. So while society overall might benefit from innovation, it is not true that all participants in the market benefit at the time of the innovation. The book then starts walking through a series of inventions. Each is presented as…