A Farewell to Alms

In addition to having a great book title, "A Farewell to Alms" from Gregory Clark, who is an economic historian at the University of California, asks an important question. To what extent does "culture" matter in economics? And if it matters, where does it come from?

Whether culture is mediated through social institutions or inherited through natural selection - as Clark suggests in his book - could make a very, very big difference to the future, according to Harvard economist Benjamin M. Friedman, who reviews the book here.