Global growth in a nutshell.

Author:Nordhaus, William
Position:Off the News

"For most of human history, economic progress moved at a crawl. According A to the economic historian Bradford DeLong, from the first rock tools used by humanoids three million years ago, to the earliest cities ten thousand years ago, through the Middle Ages, to the beginning of the Industrial Revolution around 1800, living standards doubled (with a growth of 0.00002 percent per year)...

To continue reading

Request your trial