Guns, Germs, and Steel by Jared Diamond is on my to-read list (which of course grows faster than I read). David Zilberman, a professor here at UC Berkeley, has a nice comment on the economic principles which can be taken from Guns. Zilberman hails the book as ‘one of these rare classic books written during our lifetime,’ no small acclamation.
[…] Diamond’s book provides context to the recent economics of natural resources. Extraction of resources in the present without consideration of the future can be destructive. The challenge of sustainability and building institutions that allow for the resource base to survive and flourish in the long run. If we don’t plan for the future, the cost may be very high.
Allow me to paraphrase: If we don’t plan for the future, it might cost us the future!