THE JOURNEY OF HUMANITY: ROOTS OF INEQUALITY IN THE WEALTH OF NATIONS
THE JOURNEY OF HUMANITY: ROOTS OF INEQUALITY IN THE WEALTH OF NATIONS
Author(s): Oded GalorSubject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Summary/Abstract: This essay explores the journey of humanity since the emergence of Homosapiens 300,000 years ago. It analyses the critical role of Unified Growth Theory in resolvingtwo fundamental mysteries that had characterized this journey: (i) The mysteryof growth—why did living standards stagnate for most of human history and what ledto their sudden soar 200 years ago? (ii) the mystery of inequality—what are the rootsof the major surge in inequality across nations and why have these gaps widened dramaticallyover the past 200 years?
Journal: Economics and Business Review
- Issue Year: 6/2020
- Issue No: 2
- Page Range: 7-18
- Page Count: 11
- Language: English