February 23, 2023

St. Louis Fed, Report:  From Ye Olde Stagnation to Modern Growth in England

Page(s): 2

“Modern economic growth—the sustained increase of real gross domestic product (real GDP) per capita—is a relatively recent phenomenon in world history. But what led an economy to transition from stag­nation to modern growth? Population and land availability contributed to the shift, but in what ways?” “In this essay, I describe the ‘pre-modern growth period’ of…

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