At any time earlier than about 1000 AD, the material standard of living of almost every person was close to the minimum needed to sustain life. Societies in which the majority of the people attained a significantly higher standard of living have emerged only within the last two or three hundred years…
Tag: per capita income
Malthus on Population and Human Welfare
A continuously rising standard of living would have been an alien concept to anyone living in Europe (or anywhere else) before 1500. People lived and worked much as their parents and grandparents had, and most of them produced food…
More on the Division of the World
Long-distance trade grew rapidly during the nineteenth century. Third World countries increased their production of primary products, and decreased their production of industrial goods. The gap between the per capita incomes of the West and those of the Third World widened substantially…
Merchants and Mechanics 