Phases of Capitalist Developments

Angus Maddison

Chapter 1 in Economic Growth and Resources, 1980, pp 3-35 from Palgrave Macmillan

Abstract: Abstract Until the eighteenth century, most of the world was caught in a Malthusian trap. Population rose about 0.04 per cent a year over the two millenia preceding 1700, and world income no faster. Since then, population has grown by 0.7 per cent a year and per capita income is a multiple of previous levels. Understandably, this transition has had a hypnotic fascination for economic historians. However, within the period of modern economic growth, there have also been distinct and important phases of development, less dramatic than the great transition, but equally worthy of study, definition and causal interpretation. These phases have characteristics which put constraints on the performance of individual countries, whether they be fast- or slow-growing. This paper deals with developments since 1870 in 16 of the more advanced capitalist countries, and divides the past century’s experience into four phases.

Keywords: Capita Income; National Income; National Account; Capitalist Development; Constant Prex (search for similar items in EconPapers)
Date: 1980
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-04063-6_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349040636

DOI: 10.1007/978-1-349-04063-6_1

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().