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World Economic History: Introduction October 1, 2007.

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Presentation on theme: "World Economic History: Introduction October 1, 2007."— Presentation transcript:

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 Real Wages, England 1250-1850 The plague 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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