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Long-run GDP charts hide what matters: technologies are contingent and path dependent, so the same number can describe economies that work in entirely different ways.

Drawn from what Bret Devereaux said

A private bookmark. Not a position, and never counted.

What Bret Devereaux actually said

Word for word, with the source under each one. They did not write this page.

  1. Bret Devereaux

    Ancient and military historian specialising in the economy…

    All of which is why simple graphs of things like ‘global historical GDP’ can be a bit deceptive: there’s a lot of particularity beneath the basic statistics of production because technologies are contingent and path dependent.

Added to korrents 26 Aug 2022 · How quotes work · Something wrong? Tell us

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