Tag: Brad Delong
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Were Americans Richer In 1983? We Just Don’t Know
Businessweek: Were Americans Richer In 1983? We Just Don't Know by Peter Coy There’s a chart flying around the blogosphere that seems to show that American families were wealthier in 1983 than in 2010, and the figures in it are attributed to me. I never made that claim, because I have no idea whether or…
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Charting Historical Global Per Capita GDP
Writing in his recent book Contours of the World Economy, 1-2030 AD: Essays in Macro-Economic History, Angus Madison, Professor of Economic Growth, makes these observations: … From the year 1000 to 1820, growth was predominately extensive. Most of the GDP increase went to accommodate a four-fold increase in population. The advance in per capita income…