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A Review of Gregory Clark's A Farewell to Alms: A Brief Economic History of the World.

Abstract:

A Farewell to Alms advances striking claims about the economic history of the world. These include (1) the preindustrial world was in a Malthusian preventive check equilibrium, (2) living standards were unchanging and above subsistence for the last 100,000 years, (3) bad institutions were not the cause of economic backwardness, (4) successful economic growth was due to the spread of "middle class" values from the elite to the rest of society for "biological" reasons, (5) workers were the big ...

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Publisher copy:
10.1257/jel.46.4.946

Authors


Robert C Allen More by this author
Journal:
Journal of Economic Literature
Volume:
46
Issue:
4
Publication date:
2008
DOI:
URN:
uuid:0807bce8-43dd-4fb3-92cc-f0a3cf7afe87
Local pid:
oai:economics.ouls.ox.ac.uk:10941
Language:
English

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