A Farewell to Alms

A Farewell to Alms: A Brief Economic History of the World
Author Gregory Clark
Country United States
Language English
Subject Economics, social evolution
Published 2007 (Princeton University Press)
Media type Hardcover, Paperback, Audio CD, Audio Cassette, Audio Download
Pages 432 pages (Princeton edition, paperback)
ISBN 0-691-14128-2 (Princeton edition, paperback)

A Farewell to Alms is a book about economic history by Gregory Clark, subtitled "A Brief Economic History of the World". It is published by Princeton University Press.

The book's title is a pun on Ernest Hemingway's novel, A Farewell to Arms.

Content

The book discusses the divide between rich and poor nations that came about as a result of the Industrial Revolution in terms of the evolution of particular behaviours that Clark (who is British-born) claims first occurred in Britain. Prior to 1790, Clark asserts, man faced a Malthusian trap: new technology enabled greater productivity and more food, but was quickly gobbled up by higher populations.

In Britain, however, as disease continually killed off poorer members of society, their positions in society were taken over by the sons of the wealthy. In that way, according to Clark, less violent, more literate and more hard-working behaviour - middle-class values - were spread culturally and biologically throughout the population. This process of "downward social mobility" eventually enabled Britain to attain a rate of productivity that allowed it to break out of the Malthusian trap. Clark sees this process, continuing today, as the major factor why some countries are poor and others are rich.[1]

Responses

With its controversial theses, the book received attention and several reviews from newspapers and scholars. Christof Dejung from the University of Konstanz criticised the book for not considering the oppressive aspects of colonialism, and concluded: "It seems that the warm welcome the book has found in some circles comes not least from the fact that it discharges the West from every responsibility for the grinding poverty most people on the globe are living in until today."[1] The book has received praise from authors like Benjamin M. Friedman[2] and Tyler Cowen (Mercatus Center director) ("idea-rich book", maybe "next blockbuster in economics"),[3] although authors from this political direction do not all agree fully with the theses of the book. For example, Kuznicki from the libertarian Cato Institute stated, in a generally positive review, that "his explanation begins to look very ad hoc when considering the last few decades".[4]

More critical were reviews looking at the methods (for example, accusing the author of factual mistakes and complaining about missing sources). Deirdre McCloskey (University of Illinois) wrote about Clark's theses on genetic influence, that "the main failure of his hypothesis is, oddly, that a book filled with ingenious calculations [...] does not calculate enough. It doesn't ask or answer the crucial historical questions." She concluded: "[...] Clark's socio-neoDarwinianism, which he appears to have acquired from a recent article by some economic theorists, has as little to recommend it as history."[5] The economist Karl Gunnar Persson opined that Clark's Malthusianism "is at times more evangelical than empirical and analytical".[6] John S. Lyons (Miami University) concluded his review with humour in the Journal of Socio-Economics with the claim: "casual observation suggests that reviewers have pointed to at least one distinct fault in the book for every two pages or so".[7]

Even more critical are David Warsh[8] and Joachim Voth.[9] Voth argues that Greg Clark's book is mainly based on a paper of the authors Galor and Moav from 2002 and that Clark has just added some fragmentary and probably unrepresentative points. Similarly, Warsh suggested that "Clark’s book is, to put it frankly, self-aggrandizing to the point of being intellectually dishonest".

Some mixed reviews were critical of the theses and statistics but evaluated the book as well written and interesting. Robert Solow disagreed on the main thesis and accented instead for example institutional changes as reasons for industrialisation.[10] He described some part of the book as stereotypical, some parts as fascinating and thought-provoking—and some parts as just irritating. John S. Lyons, who has worked together with Clark, stated that there are many mistakes in the book, but thinks of the book as interesting though: "wrong in parts, inadequate in others, yet suggestive elsewhere, and fascinating even when annoying".[7]

Matt Ridley has argued in the context of race and intelligence, that the hypothesis that, for example, Ashkenazi Jews experienced genetic selection effects for higher numeracy and literacy abilities is no more implausible than the hypothesis that Inuit experienced genetic selection for tolerance to a cold climate, and argued that selection can operate faster than people previously thought possible.[11]

Clark's rejoinder and subsequent publications

Clark responded to some of his critics, including McCloskey and Voth, in a lengthy journal article.[12] In this article, Clark argues, using an estimate of heritability of wealth derived from his data, that "the wealthy in pre-industrial England had to be different in personality and culture from the poor". He says such differences must have been relevant to economic success, and could have been passed on by culture, genetics or a combination of the two. However, he goes on to state that "the rich in modern industrial society are genetically different from the poor", citing evidence from twin studies (greater correlation of incomes between identical twins than non-identical twins, and differences in outcomes for biological children versus adopted children). He therefore suggests that A Farewall to Alms' hypothesis of how statistically-significant genetic differences between the rich and the poor might have arisen "is a very real possibility".

See also

References

  1. 1 2 Christof Dejung, University of Konstanz: Review for geschichte.transnational und H-Soz-u-Kult, 2009
  2. ↑ Benjamin M. Friedman: NY Times Book Review
  3. ↑ Tyler Cowen: What Makes a Nation Wealthy? Maybe It’s the Working Stiff
  4. ↑ Jason Kuznicki review in Cato Journal Volume 27 Number 3
  5. ↑ McCloskey, Deirdre Nansen (2007): Comment on Clark; from the book: Bourgeois Towns: How Capitalism Became Ethical, 1600–1776.
  6. ↑ European Review of Economic History (2008), 12: 165–173
  7. 1 2 John S. Lyons: The audacity of Clark: A review essay, Journal of Socio-Economics, February 2011
  8. ↑ http://www.economicprincipals.com/issues/2007.08.12/260.html
  9. ↑ http://journals.cambridge.org/action/displayAbstract?fromPage=online&aid=1970620.
  10. ↑ Robert Solow: ‘Survival of the Richest’?, The New York Review of Books, Nov. 2007
  11. ↑ Ridley, Matt (12 May 2014). "Race, genes and recent evolution". The Times.
  12. ↑ Clark, Gregory (August 2008). "In Defense of the Malthusian Interpretation of History" (PDF). European Review of Economic History.

Further reading

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