A Review of Gregory Clark's A Farewell to Alms: A Brief Economic History of the World.
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 ca...
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| Format: | Journal article |
| Language: | English |
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American Economic Association
2008
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