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2 results

  • Introduction

  • Gregory Ponthiere, Université Catholique de Louvain, Belgium
  • Book:
    The Economics of the Long Period
    Published online:
    11 August 2022
    Print publication:
    25 August 2022, pp 1-6

  • Summary

    This book provides a simple introduction to the economic analysis of the long period by means of Oded Galor's Unified Growth Theory. This aims at making Unified Growth Theory accessible for undergraduate students in Economics and the other Social Sciences. Using simple theoretical frameworks with or without microeconomic foundations, it shows how the major concepts of Unified Growth Theory – the economic regime, the regime shift, critical thresholds, latent dynamics – can be used to study the dynamics of societies over long horizons of time. Applications to the long-run dynamics of production, inequalities, institutions and the natural environment are examined.

The Economics of the Long Period
  • Gregory Ponthiere
  • Published online:
    11 August 2022
    Print publication:
    25 August 2022
  • This book provides a non-technical introduction to Unified Growth Theory (UGT), that is, the study of history as a succession of economic regimes. It first focuses on the canonical example of regime shift: the transition from the regime of Malthusian stagnation to the modern regime of sustained economic growth. Then, it broadens the perspectives on historical change by examining other regime shifts involving institutional and environmental forces. This book fills a gap in the market by providing a more accessible treatment of UGT and invites readers to explore ideas of continuity and discontinuity in history.