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‘If I had to summarise the essence of what economic history can contribute to economic science, I would say that there exist no “laws” or rules in economics which are valid for all periods of history.’ Paul Bairoch,
How Asia Works
Joe Studwell
In order to increase the number of potential investors and reduce the risk they incurred, Europeans turned to limited liability joint-stock companies. Instead of a single investor betting all his money on a single rickety ship, the joint-stock company collected money from a large number of investors, each risking only a small portion of his capital. The risks were thereby curtailed, but no cap was placed on the profits. Even a small investment in the right ship could turn you into a millionaire.
Sapiens
Yuval Noah Harari
“But there’s nothing concrete to study in your cosmic sociology, Dr. Ye. Surveys and experiments aren’t really possible.” “That means your ultimate result will be purely theoretical. Like Euclidean geometry, you’ll set up a few simple axioms at first, then derive an overall theoretic system using those axioms as a foundation.” “It’s all fascinating, but what would the axioms of cosmic sociology be?” “First: Survival is the primary need of civilization. Second: Civilization continuously grows and expands, but the total matter in the universe remains constant.”
The Dark Forest
Cixin Liu
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