Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History 1st Edition

by Angus Maddison (Author)

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ISBN-13: 978-0199227204

ISBN-10: 0199227209

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This book seeks to identify the forces which explain how and why some parts of the world have grown rich and others have lagged behind. Encompassing 2000 years of history, Part 1begins with the Roman Empire and explores the key factors that have influenced economic development in Africa, Asia, the Americas and Europe. Part 2 covers the development of macroeconomic tools of analysis from the 17th century to the present. Part 3 looks to the future and considers what the shape of the world economy might be in 2030.

Combining both the close quantitative analysis with a more qualitative approach that takes into account the complexity of the forces at work, Contours of the World Economy provides students with a totally fascinating overview of world economic history.

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"The scope of the books is sweeping and ambitious.... Recommended."--CHOICE

About the Author

Angus Maddison is Emeritus Professor of Economic Sociology at the University of Groningen. Known for his pioneering work in the field of the quantification of economic growth in the global and historic perspective, Professor Maddison has enjoyed a varied career. He has held a number of positions at St. Andrews University, Johns Hopkins University, MacGill University, the OECD, and Harvard University. He has also acted as a policy advisor for a number of institutions and advised the governments of Ghana and Pakistan. Prof. Maddison was recently awarded the title of Commander in the Order of Orange-Nassau in the Netherlands.

Product details

Paperback: 432 pages
Publisher: Oxford University Press; 1 edition (December 5, 2007)
Language: English
ISBN-10: 0199227209
ISBN-13: 978-0199227204
Product Dimensions: 9.6 x 0.9 x 6.7 inches
Shipping Weight: 1.6 pounds (View shipping rates and policies)
Average Customer Review: 6 customer reviews
Amazon Best Sellers Rank: #992,922 in Books (See Top 100 in Books)
- #2615 in Books > Business & Money > Biography & History > Economic History
- #2797 in Books > Business & Money > Economics > Economic Conditions
- #5315 in Books > Textbooks > Business & Finance > Economics

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Great statistics covering 2,000 years

December 1, 2008

Format: PaperbackVerified Purchase

The reason why you would buy this book is to get a collection of statistics going back 2,000 years in time. These data are not easy to create so the author has to be commended for providing a good synthesis of the data.

In addition to the data, the text contains a number of essays, which are kind of free-standing and not so coherent. So don't buy this book for a narrative of the world economy during the last 2,000 years. Buy the book for its statistics. If you don't need the statistics, don't buy the book.

47 people found this helpful

Comment

Contours of the World Economi 1-2030 AD: Essays in Macro-Economic History

May 27, 2012

Format: Kindle EditionVerified Purchase

Excellent review of waht happened to the economy along the history.It's a classic book and all economist slould read it to undestand better the economy nowdays

2 people found this helpful

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William Podmore

Excellent studies in economic history

September 8, 2009

Format: Paperback

This is a fascinating and brilliant collection of studies in economic history. In Part 1, he looks at various periods of history. Chapter 1 studies the Roman Empire, then the richest part of the world, and "peninsular Italy and its ruling oligarchy were the main gainers." Chapter 2 looks at the years 1500-1820, at Western Europe's unparalleled progress and the transformation of the Americas.

Chapter 3 examines the West's impact on Asia since 1500, particularly the effects that Portugal, the Netherlands and Britain had on China, India, Indonesia and Japan. Chapter 4 looks at the impact of Islam and Europe on Africa since 1 AD. He notes that North Africa was, from the 1st century until the Muslim conquest in the 7th century, a wealthy part of the Roman Empire.

In Part 2, Maddison looks at the advances in macro-measurement made by William Petty (1623-87), `one of the finest examples of the English Enlightenment', John Graunt (1620-74), the first demographer, and Gregory King (1648-1712) who produced estimates of the population of England and Wales, and of income and expenditure. Maddison shows how the evidence has refuted Kondratiev's notion of long waves and Malthus's dismal scaremongering.

In Part 3, Maddison critiques the Intergovernmental Panel on Climate Change's `Special Report on Emissions Scenarios'. This assumes growth that in the OECD countries (the world's richest countries), income per head 1990 to 2100 would rise between from $19K to $109K, in the former socialist countries from $2.4K to $101K, in Asia from $536 to $72K, and in Africa from $1.6K to $61K. Thus the total GDP of Africa, Latin America and some Middle Eastern oil-producing countries would become far bigger than the OECD countries' total GDP. Maddison comments mildly that this "seems implausible and differs sharply from historical experience."

Yet, as he points out, "This assumption is a major driving force in projected energy use and carbon emissions." On this basis, the IPCC forecast a temperature rise of between 0.5 to 1.30C by 2030. He judges, "In view of my scepticism about the higher IPCC projections of GDP, energy consumption and emissions, the lower end of their temperature projections seems the more plausible."

He also observes that the earth's temperature fell between 1945 and 1976, when we had record GDP growth of more than 4% a year. As he notes, "It is odd that the cooling happened when the pace of world economic growth was a good deal faster than in 1910-45 and 1976-2000."

21 people found this helpful

Comment

The book is a great starting point to learn even more about world history.

April 14, 2018

Format: Paperback

This is a great book, rich in facts and historical stories. The book is a series of essays about how the world got to be where it is. Much of the book covers the last 500 years and the big changes. He focus mostly on government policy, technology, and the macroeconomy. The book is a great starting point to learn even more about world history. You read about some historical period or event mentioned in passing and can end up spending hours researching some fascinating things. For example he referenced different European explorers who traveled around Africa and that lead me to discover the fascinating first hand accounts of Mungo Park.

Maddison does a great thing by occasionally talking about actual people and episodes in world history that might constitute "human interest stories". I was particuly interested in the Moroccan King Ismail Ibn Sharif and his 150K soldier slaves, Mediterranean piracy, and 500+ male offspring. Otherwise the book does a good job telling history in broad strokes without generalizing.

Comment

speculative but interesting not useful predictor.

May 11, 2013

Format: PaperbackVerified Purchase

I looked for some information that will be useful for investment decisions. Can not say that the book is useful in that regard other that it offer a glimpse to the thought processes of the conservative British economist.

One person found this helpful

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