1 / 7

World Economic History

Explore the factors behind the modern man's world with changes such as decreased interest rates, increased literacy and numeracy, longer working hours, and reduced interpersonal violence. Discover the evolution of human preferences and the influence of survival of the richest.

ggoldstein
Télécharger la présentation

World Economic History

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. World Economic History October 15, 2007

  2. The Modern Man Chapter 9

  3. Changes in the Malthusian world • Decrease in interest rates • Increase in literacy and numeracy • Increase in working hours • Decrease in interpersonal violence

  4. Where did these changes come from? • Evolution of human preferences • Survival of the richest

  5. Interest rates • Decline in the risk free real rate of return on capital: • England 1200: 10% • England 1800: 3-4% • Why were interest rates higher before the IR? • Explanation a) Insecurity of property rights • Explanation b) Change in rate of time preference

  6. Literacy

  7. Violence

More Related