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