Economic Evolution: A New Look at Malthusianism, Ethnic Selection, and the Theory of Systemic Competition
29.99 €
In stock
Economic Evolution: A New Look at Malthusianism, Ethnic Selection, and the Theory of Systemic Competition
29.99 €
This book by Wu Lemin, a doctor of economics, is a veritable short history of economics. It recounts the development of the global economy throughout human history.
If all of human history were compressed into a single day, it would remain in extreme poverty for 23 hours, 59 minutes, and 57 seconds. Only in the last three seconds would the wealth curve sharply rise, and incomes would increase exponentially.
Why did people remain poor for so long? And why did wealth emerge so late and increase so rapidly? Economic history, like human history in general, is full of mysteries. But the most important and intriguing are why we were poor before and why we later became rich. These are the so-called mysteries of the Malthusian trap and the origins of modern growth.
The author explains why humanity has grown richer and poorer throughout history. Contrary to traditional explanations, he believes that the main cause of the poverty trap is not population growth, but Darwinian selection between groups—the competition of technologies, cultures, and institutions.
Fortunately, competition has two sides. When conditions changed, selection favored a wealthy and productive lifestyle, and we entered an era of explosive economic growth. This book will explain exactly how these changes occurred and why modern growth is so fragile that it could stall or even reverse.
If all of human history were compressed into a single day, it would remain in extreme poverty for 23 hours, 59 minutes, and 57 seconds. Only in the last three seconds would the wealth curve sharply rise, and incomes would increase exponentially.
Why did people remain poor for so long? And why did wealth emerge so late and increase so rapidly? Economic history, like human history in general, is full of mysteries. But the most important and intriguing are why we were poor before and why we later became rich. These are the so-called mysteries of the Malthusian trap and the origins of modern growth.
The author explains why humanity has grown richer and poorer throughout history. Contrary to traditional explanations, he believes that the main cause of the poverty trap is not population growth, but Darwinian selection between groups—the competition of technologies, cultures, and institutions.
Fortunately, competition has two sides. When conditions changed, selection favored a wealthy and productive lifestyle, and we entered an era of explosive economic growth. This book will explain exactly how these changes occurred and why modern growth is so fragile that it could stall or even reverse.
See also:
- All books by the publisher
- All books by the author