literacy

Book review – The European Guilds: An Economic Analysis

8-minute read

This review is a case of one book leading to another. When I read Carl Benedikt Frey’s The Technology Trap, one argument he raised as to why the Industrial Revolution arrived as late as it did, was the resistance to innovation by guilds. But beyond certain vague and probably romantic notions, what do I really know about medieval guilds? And thus I found myself sitting down with The European Guilds, a hefty 645-page book by economic historian Sheilagh Ogilvie, published in The Princeton Economic History of the Western World series. This meticulously argued book crushes the idea that guilds served the common good. Instead, argues Ogilvie, through their profiteering they held Europe in an economic stranglehold that lasted for centuries.

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Book review – Escape from Rome: The Failure of Empire and the Road to Prosperity

7-minute read

I will happily shoehorn a Monty Python reference into any conversation, but in this case historian Walter Scheidel beat me to it. What did the Roman Empire ever do for us? It fell and never returned – and with it, it paved the way for modernity. That, in one sentence, is the bold idea Scheidel puts forth here. And rather than ask why Rome fell, he has far more interesting questions for you. Why did nothing like it arise ever again in Europe? Why did it arise in the first place? And how did this influence the way Europe came to dominate the world much later? Escape from Rome is a brilliantly subversive book that offers a refreshingly novel look at how Europe got to where it is now.

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Book review – The Technology Trap: Capital, Labor, and Power in the Age of Automation

8-minute read

The robot apocalypse has become a well-worn trope that will elicit laughter more than concern. But there is a far more direct threat from artificial intelligence or AI: economic disruption. Technology can and has taken jobs away from humans. I first started taking this idea more seriously after watching CGP Grey’s short documentary Human Needs Not Apply. If you enjoyed that video, this book is the must-read follow-up. Economist and historian Carl Benedikt Frey provides a soundly argued and clearly written book on the history of technological revolutions and what lessons these hold for future job security.

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