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World Economic History: Introduction

Explore the evolution of world economics from the Malthusian trap to the Industrial Revolution, analyzing factors like life expectancy, income per capita, and technological advancements. Uncover the dynamics of the Malthusian economy, virtues and vices in the model, and the shift towards sustainable growth. Compare England's living standards, GDP per capita, and more to other countries across different eras.

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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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