Ep. 2293 How Countries Get Rich (or Stay Poor)
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 8 March 2023
⏱️ 43 minutes
🧾️ Download transcript
Summary
Shawn Ritenour, professor of economics at Grove City College, discusses his new book, The Economics of Prosperity: Rethinking Economic Growth and Development.
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Transcript
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| 0:00.0 | The Tom Wood Show, Episode 2293. |
| 0:03.0 | Prepare to set fire to the index card of allowable opinion. |
| 0:08.0 | Your daily dose of liberty education starts here. The Tom Wood Show. |
| 0:14.0 | Hey everybody, I'm giving away three free courses from my Liberty classroom. |
| 0:19.0 | One of them is X-Marxist Michael Rectenwald, teaching about critical theory |
| 0:24.0 | so you can understand leftism and fight it better, |
| 0:27.0 | as well as our course on how Alexander Hamilton screwed up America |
| 0:31.0 | and the history of the conservative and libertarian movements. |
| 0:34.0 | Check it out at threefreecourses.com. |
| 0:38.0 | Hey everybody, Tom Woods here and I'm delighted to have our old friend Sean Rittenauer with us. |
| 0:44.0 | One of the many people I could stand to talk too more often and for some reason I do not, |
| 0:49.0 | but we have the good foreshort talking to him today. |
| 0:51.0 | We are talking in particular about his brand new book on an extremely important topic |
| 0:56.0 | and it's called the economics of prosperity, rethinking economic growth and development. |
| 1:01.0 | This is really getting to the question of what makes countries wealthy |
| 1:06.0 | and in a way, especially when we talk about development policy, |
| 1:10.0 | we can also implicitly be talking about what does not make them prosperous, |
| 1:14.0 | what fails, what does not work. |
| 1:16.0 | So we want to talk about what are the ingredients and sometimes in this day and age |
| 1:20.0 | we have a lot of professional economists who don't quite get this right. |
| 1:25.0 | They have one or two of the ingredients but maybe not all of them |
| 1:28.0 | or they don't exactly know how they work together. |
... |
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