Over the past decades, economists working on growth have ‘rediscovered’ the importance of history, leading to the emergence of a vibrant, far-reaching inter-disciplinary stream of work. This column introduces a new eBook in three volumes which examines key themes in this emergent literature and discusses the impact they have on our understanding of the long-run…
We are now fully in 2017 – Bradley A. Hansen, Professor of Economics and American Studies at University of Mary Washington, helps us revise what happened and what was published in the discipline.
by Bradley A. Hansen
Originally published on 30 December 2016
Measuring Long Run Economic Performance
One of the most significant developments in economic history over the last several decades has been the work to improve our estimates of long run economic performance. Responding to challenges presented by Pomeranz’s Great Divergence and obvious weaknesses in Madison’s estimates, a number of economic historians have worked to develop better estimates of economic performance in Europe and Asia over the very long run. Economic historians continue these efforts but also recognize the limitations of what they have done and, possibly, what they can do.
Stephen Broadberry has done much of this work…
Full Article HERE