Heterodox
Chapter 1 of Gregory Clark’s A Farewell to Alms: A Brief Economic History of the World (2007) is called “The Sixteen-Page Economic History of the World,” which briefly summaries the broad, long-run economic history of humanity.Gregory Clark contends that the most important long-run, historical reality of world history can be summed up in two ideas: (1) from the earliest times of hunter-gatherers until roughly 1800 humanity was stuck in a long-run Malthusian trap: per capita wealth may have...
Read More »Gregory Clark’s A Farewell to Alms, Chapter 1: A Summary
