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Title: Nice read
Review: Bernstein book is reasonably well researched and has cogent writing style to prove his hypothesis that there are 4 necessary and sufficient conditions for nations to achieve long lasting prosperity. Those 4 conditions are (1) support structure for property rights, i.e. customers must have proper incentive to create (2) Scientific rationalism - innovators must posses the proper intellectual tools in order to innovate (3) Capital markets for availability for funds for innovators and (4) transportation and communications infrastructure.Bernstein, founder of efficientfrontier.com, builds a strong case in this book for the above hypothesis.
