This is the Kaderie Daily Podcast for Wednesday, June 12th, 2019.

I'm Caleb Brown.

The Wealth Explosion, the new book by Stephen Davies details some of the theories that explain

our planet's dramatic increase in wealth. As importantly, he details some of the hallmarks

of a wealth explosion. At the Cato Institute in May, Davies spoke about the wealth

explosion we're currently experiencing and why it doesn't have to persist.

Well, I'm delighted to be here and it's very appropriate and I'm very glad that I should be speaking here at the Cato Institute

because actually Cato did a major part in supporting me in the research and work that led to my writing this book.

It actually was written originally about 10 years ago because I had been doing lots and

lots of talks at various seminars and events including ones run by Cato.

And they were all about the broad topic you heard Ryan outline.

And Tom Palmer, whom some of you will know, was constantly badgering me to turn this into a book.

And eventually I said, yes, I'll do it.

And David Boers and Cato very kindly supported me in this, partly by arranging funding from the Earhart Foundation

which enabled me to take a year off at work, have a year sabbatical basically to do

the research. I have to say that during the course of doing research I actually changed my mind about a couple of pretty important things

Which is always a good sign really I discovered that opinions I had had were actually not supported by the evidence well more deeply, so I changed the way I thought.

I'm afraid I had a bit of trouble with my publishers.

I was being told by one publisher that the book was too academic and by another one that it

wasn't academic enough. And things were in a kind of state of

limbo for quite a while until my colleague at the IA, Philip Booth, recommended

me to the current publisher, John Spears, I recommend his list by the way, it's extremely good.

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