1 / 7

World Economic History

Explore the historical shifts in interest rates, literacy levels, and interpersonal violence, delving into the reasons behind these transformations with a focus on human preferences and the concept of survival of the fittest. Uncover the decline in interest rates over centuries, from England in the 1200s to the 1800s, and the factors influencing this trend. Examine the impact of literacy on societal development and the correlation between decreased violence and societal progress. Discover the roots of these changes and their implications for economic history.

morey
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