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The economic history of the world encompasses the development of human economic activity throughout time. It has been estimated that throughout prehistory, the world average GDP per capita was about $158 per annum (adjusted to 2013 dollars), and did not rise much until the Industrial Revolution .
According to Maddison [who?], until the middle of the 19th century, global output was dominated by China and India with Indian subcontinent being the world's largest economy from 1 C.E to 17 C.E. Waves of the Industrial Revolution in Western Europe and Northern America shifted the shares to the Western Hemisphere.
Sep 8, 2017 · Today’s chart tells that story in the simplest terms possible. By showing the changing share of the global economy for each country from 1 AD until now, it compares economic productivity over a mind-boggling time period.
A comprehensive and accessible introduction to global economic development since 1500, edited by Joerg Baten. The book covers major world regions, key themes, individuals, processes and events, and provides developmental indicators and comparisons.
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Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods , statistical methods and the application of economic theory to historical situations and institutions .
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The Scottish economist and philosopher Adam Smith (1723–90), the English economist and demographer Thomas Malthus (1766–1834), and the German economist and philosopher Karl Marx (1818–83) were all political economists who incorporated historical data into their analyses.
A History of the Global Economy summarises the key economic ndings, debates and ideas and provides students and the interested public with an up-to-date and engaging introduction to the origins and evolution of today s global economy. JOERG BATEN is Professor of Economic History at the Department of Economics, University of Tübingen.
