The world was flat until 1600. Not the shape of the planet. According to the best economic history, standards of living even in 1800 AD hardly differed from those of 5000 BC. TV shows dealing with the ancient past assume a gradual slope of progress and portray Egyptians or Abraham and Sarah as if they were primitive South American tribes still stuck in hunting and gathering mode.
But if economic historians are correct, Egyptians in 3000 BC lived as well as the eighteenth century French. Famine and mass starvation were common. Nobel-Prize winner Robert Fogel wrote in Escape from Hunger and Premature Death that in eighteenth century France 20% of the people could get only enough calories each day to fuel a short walk to the spot where they begged.
Of course, some ancient capitals did better than others by looting conquered nations but per capita wealth never increased; it just sloshed from one conqueror to the next. Rome enjoyed wealth and splendor because it had stolen stuff from defeated nations.
Presenting the Biblical basis for free market economics, capitalism, and sound investing.
Showing posts with label development. Show all posts
Showing posts with label development. Show all posts
Wednesday, December 21, 2016
Wednesday, December 23, 2015
How Christmas ended starvation and enriched the West
The world was flat until 1600. Not the shape of the planet. According to the best economic history, standards of living even in 1800 AD hardly differed from those of 5000 BC. TV shows dealing with the ancient past assume a gradual slope of progress so they portray Egyptians or Abraham and Sarah in the Bible as if they were primitive South American tribes still stuck in hunting and gathering mode for food. But if economic historians are correct, Egyptians in 3000 BC lived as well as the eighteenth century French.
Famine and mass starvation were common. Nobel-Prize winner Robert Fogel wrote that in eighteenth century France 20% of the people could get only enough calories each day to fuel a short walk to the spot where they begged.
Of course, some ancient capitals did better than others by looting conquered nations but per capita wealth never increased; it just sloshed from one conqueror to another. Rome enjoyed wealth and splendor because it had stolen stuff from defeated nations for the most part.
Famine and mass starvation were common. Nobel-Prize winner Robert Fogel wrote that in eighteenth century France 20% of the people could get only enough calories each day to fuel a short walk to the spot where they begged.
Of course, some ancient capitals did better than others by looting conquered nations but per capita wealth never increased; it just sloshed from one conqueror to another. Rome enjoyed wealth and splendor because it had stolen stuff from defeated nations for the most part.
Subscribe to:
Posts (Atom)