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Why was there essentially no sustained growth before modern times?

becky28

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A year ago

Why was there essentially no sustained growth before modern times?

Why was there essentially no sustained growth before modern times?

▸ Because the pace of technological change was very slow

▸ Because frequent world wars made it impossible for growth to take hold

▸ Because there was no widespread public education

▸ Because government policies prevented growth from taking place

Textbook

Macroeconomics

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 52 times

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capsy2

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becky28 Author

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You make an excellent tutor!

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Just got PERFECT on my quiz

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Thanks

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