economic growth in the very long run

Oded Galor
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

The evolution of economies during the major portion of human history was marked by Malthusian stagnation. The transition from an epoch of stagnation to a state of sustained economic growth has shaped the contemporary world economy and has led to the great divergence in income per capita across the globe in the past two centuries. This article examines the process of development over the course of human history in light of recent advances in unified growth theory.
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How to cite this article

Galor, Oded. "economic growth in the very long run." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 19 September 2014 <http://www.dictionaryofeconomics.com/article?id=pde2008_E000283> doi:10.1057/9780230226203.0434

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