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World Economic History: Introduction

World Economic History: Introduction. October 1, 2007. Growth, historically. Introduction. The Malthusian trap The Industrial Revolution The Great Divergence. Life expectancy (years) - today & back then. Diverging. The Malthusian economy. The Malthusian trap. Who was Malthus?

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World Economic History: Introduction

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  1. World Economic History:Introduction October 1, 2007

  2. Growth, historically

  3. Introduction • The Malthusian trap • The Industrial Revolution • The Great Divergence

  4. Life expectancy (years) - today & back then

  5. Diverging

  6. The Malthusian economy

  7. The Malthusian trap • Who was Malthus? • The model • The trap

  8. The 3 assumptions • Each society has a birth rate (B) that increases with material living standards • The death rate (D) declines as living standards increase • Material living standards decline as population increases Population Income per capita B-D

  9. Surviving children per woman, pre-modern

  10. Life expectancy and death rates

  11. Long-run equilibrium in the Malthusian economy

  12. Revealed technological advance

  13. Virtues and Vices in the Malthusian model

  14. Living standards

  15. Wages and Prices – some examples

  16. The plague Real Wages, England 1250-1850 Stagnant living standards….

  17. GDP per capita: England vs. the other countries

  18. Evidence for other countries in pre-modern times

  19. Calories intake per capita

  20. Stature and living standards

  21. Hours worked

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