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Before about 1870 every burst of productivity growth was eaten by a burst of population growth, leaving living standards where they were.

Drawn from what Dietrich Vollrath said

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What Dietrich Vollrath actually said

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  1. Dietrich Vollrath

    Growth economist at the University of Houston and author of Fully Grown

    Prior to this inflection point, productivity growth had increased before, but every time had induced a response of higher population growth rates, eroding any gains in per-person living standards.

Added to korrents 11 Oct 2022 · How quotes work · Something wrong? Tell us

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