Two Paths to Prosperity

by Avner Greif, Joel Mokyr, Guido Tabellini · 2025

Heard in 1 episode across 1 show since Sep 2026

How the social organization of Europe and China shaped their divergent economic and political trajectories over the past millennium In the eleventh century, when Europe was still backward and poor, China was a rich and sophisticated civilization. Yet Europe became the birthplace of democracy and the Industrial Revolution, driving the Great Enrichment, while China stagnated until the end of the twentieth century and was always ruled by autocracies.

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