Economy Growth

Judit Hormías García – ADE Cristina Martín Franco - Economía

Luis Paquet Álvarez - ADE Beltrán López Meana- Economía

INDEX



1. INTRODUCTION.

2. RONDO E. CAMERON (Judit). Pages 3-4

3. MADDISON (Cristina). Pages 5-6

4. GREGORY CLARK (Luis). Pages 7-8

5. DAVID LANDES (Beltrán). Pages 9-10BIBLIOGRAPHY

• “Historia económica mundial, desde el Paleolítico hasta el presente”, E.Cameron, Rondo. Alianza Universidad Textos.

• http://en.wikipedia.org/wiki/Rondo_Cameron

• http://en.wikipedia.org/wiki/Gregory_Clark_(economist)

• http://www.econ.ucdavis.edu/faculty/gclark/

• http://press.princeton.edu/titles/8461.html

•http://en.wikipedia.org/wiki/David_Landes

• http://it.wikipedia.org/wiki/Adam_Smith

• http://en.wikipedia.org/wiki/Karl_August_Wittfogel

• “La economía mundial: una perspectiva milenaria” Angus Maddison.



INTRODUCTION

The world population has been multiplied by 22% in the last millennium. The per capita income has been multiplied by 13% and Global GDP by almost 300. This is a huge contrast comparedto the previous millennium, when the population only increased six fold and there was no progress in per capita income.

The growth of per capita income is not the only indicator of welfare. Eventually a significant increase in life expectancy has been produced. In year 1000, a normal baby was hoping to live about 24 years. One third of infants died during the first year of life, in addition,hunger and epidemics caused the death of some survivors. From 1820 there was an almost imperceptible increase, especially in Western Europe. Most improvements have occurred since then.

Then we are going to analyze the development and evolution of world economic history, analyzed from four different points of view. The first one, as Rondo Emmet Cameron, who was the first to speak of progress andevolution in economic history, followed by Angus Maddison, Gregory Clark and finally as David Landes.



RONDO E. CAMERON

Rondo Cameron (1925 – 1 January 2001) was an American professor of economic history. He was a native of Texas. He graduated from Yale (1948) and received a Ph.D. degree at the University of Chicago (1952). He taught at the University of Wisconsin–Madison from 1952. In1969, he went to Emory University where he was Kenan University Professor until his retirement as emeritus professor in 1993. He was president of the International Economic History Association (Sylla, 2001). He is well known to first year history students at the University of Leicester for his legendary book A Concise Economic History of the World: From Paleolithic Times to the Present (1989).According to the preface, the book was many years in the maturing, with passages in one chapter from an introductory undergraduate lecture at Yale in 1951.

DEVELOPMENT AND UNDER DEVELOPMENT.

In 1985 there were a total of 43 countries where the average income or per capita was less than $ 500, to which must be added a further 53 with incomes ranging between 500 and $ 2,000. The nations includedin these two categories are known as poor countries, low-income and under-developed or developing.

The statistics of per capita income are gross measures of level of economic development. They are only estimates or approximations. Besides income comparisons between each other countries are especially unreliable. But there are other measures of development or underdevelopment that are moregraphic: crude death rate, birth rate, life expectancy at birth, adult literacy rate and calorie supply.

GROWTH, DEVELOPMENT AND PROGRESS

Economic growth is defined as a sustained increase in the total output of goods and services produced in a given society. In recent decades, the total output was measured in response to national income or gross national product.

The growth in total output...