The Economic Future in Historical Perspective
Paul A. David and Mark Thomas
Abstract
This book shows how analysis of past experiences contributes to a better understanding of present-day economic conditions; chapters offer important insights into major challenges that will occupy the attention of policy makers in the coming decades. The seventeen chapters are organised around three major themes, the first of which is the changing constellation of forces sustaining long-run economic growth in market economies. The second major theme concerns the contemporary challenges posed by transitions in economic and political regimes, and by ideologies that represent legacies from past ec ... More
This book shows how analysis of past experiences contributes to a better understanding of present-day economic conditions; chapters offer important insights into major challenges that will occupy the attention of policy makers in the coming decades. The seventeen chapters are organised around three major themes, the first of which is the changing constellation of forces sustaining long-run economic growth in market economies. The second major theme concerns the contemporary challenges posed by transitions in economic and political regimes, and by ideologies that represent legacies from past economic conditions that still affect policy responses to new ‘crises’. The third theme is modern economic growth's diverse implications for human economic welfare — in terms of economic security, nutritional and health status, and old age support — and the institutional mechanisms communities have developed to cope with the risks that individuals are exposed to by the concomitants of rising prosperity.
Keywords:
past experiences,
economic conditions,
economic growth,
market economies,
human economic welfare,
economic security,
old age support
Bibliographic Information
| Print publication date: 2006 |
Print ISBN-13: 9780197263471 |
| Published to British Academy Scholarship Online: January 2012 |
DOI:10.5871/bacad/9780197263471.001.0001 |
Authors
Affiliations are at time of print publication.
Paul A. David, editor
Senior Research Fellow, All Souls College, Professor of Economics and Economic History, University of Oxford
Mark Thomas, editor
Associate Professor of History, University of Virginia
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