Summary of The Rise and Fall of an Economic Empire
Copyright © Colin Read, 2010
Reproduced with permission of Palgrave Macmillan
Looking for the book?
We have the summary! Get the key insights in just 10 minutes.
Economic empires, like their political or military counterparts, tend to sow the seeds of their own destruction once they’ve reached their peaks. From those lofty heights, arrogance, changing consumption patterns, altered social expectations and, ultimately, a reversion to government to keep the financial engine going, all foretell an inevitable decline. So says Colin Read, an economics professor at the State University of New York, in his ambitious treatise on economic empires. He offers a thorough, if disordered, trip through economic history, while critiquing the problems of global empire. Though his text is challenging in its density and breadth but short on solutions, it is a solid introduction for students of economic history. getAbstract recommends this book mostly for an academic audience who believes that those who ignore history are doomed to repeat it.
In this summary, you will learn
- How economic empires have evolved throughout history,
- Why shifts in economic power are accelerating and
- How economies at their heights can reinvent themselves.
About the Author
Colin Read is an economics professor at the State University of New York College at Plattsburgh
Comment on this summary
By the same author
Palgrave Macmillan, 2009
Customers who read this summary also read
F. A. Hayek
Kenneth Scheve and David Stasavage
Princeton UP, 2016
Oxford World’s Classics, 2015
Carmen M. Reinhart and Kenneth S. Rogoff
Princeton UP, 2009