TY - JOUR
T1 - A review of gregory clark's a Farewell to Alms
T2 - A brief economic history of the world
AU - Allen, Robert C.
PY - 2008/12
Y1 - 2008/12
N2 - A Farewell to Alms advances striking claims about the economic history of the world. These include (1) the preindustrial world was in a Malthusian preventive check equilibrium, (2) living standards were unchanging and above subsistence for the last 100,000 years, (3) bad institutions were not the cause of economic backwardness, (4) successful economic growth was due to the spread of "middle class" values from the elite to the rest of society for "biological" reasons, (5) workers were the big gainers in the British Industrial Revolution, and (6) the absence of middle class values, for biological reasons, explains why most of the world is poor. The empirical support for these claims is examined, and all are questionable.
AB - A Farewell to Alms advances striking claims about the economic history of the world. These include (1) the preindustrial world was in a Malthusian preventive check equilibrium, (2) living standards were unchanging and above subsistence for the last 100,000 years, (3) bad institutions were not the cause of economic backwardness, (4) successful economic growth was due to the spread of "middle class" values from the elite to the rest of society for "biological" reasons, (5) workers were the big gainers in the British Industrial Revolution, and (6) the absence of middle class values, for biological reasons, explains why most of the world is poor. The empirical support for these claims is examined, and all are questionable.
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U2 - 10.1257/jel.46.4.946
DO - 10.1257/jel.46.4.946
M3 - Review article
AN - SCOPUS:58149343385
SN - 0022-0515
VL - 46
SP - 946
EP - 973
JO - Journal of Economic Literature
JF - Journal of Economic Literature
IS - 4
ER -