 Accelerating Growth in the PastChapter Chapter 7 in Accelerating Economic Growth, 2022, pp 97-114 from Springer Abstract: Abstract The chapter documents the trajectory of accelerating global economic growth and technological progress across the entire human history. Against the backdrop of several existing aggregative measures of development, a two-level measurement approach is proposed, keeping aggregate human control as the unique overarching frame but also using era-specific measures of development. The proposed approach formalizes the idea that each technological revolution opens a new dimension of development, such as habitat capacity, ecosystem information, population, scientific knowledge, gross domestic product (GDP) and useful data. Next, the chapter documents the growth effects of technological revolutions in energy (hardware): the agricultural and industrial revolution, and in learning (software): the cognitive, scientific and digital revolution. After each revolution, growth accelerated by orders of magnitude. The global development picture is blurred, however, by the facts that technologies from consecutive eras may coincide in time and there are feedback loops across the eras (mechanization of agriculture, digitization of industry, etc.). Date: 2022 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:frochp:978-3-031-07195-9_7 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-07195-9_7 Access Statistics for this chapter More chapters in Frontiers in Economic History from Springer |
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