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Review Article on The World Economy: A Millennial Perspective by Angus Maddison

Author

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  • Andrew Sharpe

    ()

Abstract

This is a review article by Andrew Sharpe from the Centre for the Study of Living Standards of Angus Maddison's path-breaking new book, The World Economy: A Millennial Perspective. The article summarizes Maddison's key findings in a number of areas, with particular emphasis on his estimates of population, real GDP, and real GDP per capita for very long periods, going back to 0 AD for all regions, to 1000 for most major countries, and to 1950 for literally all countries of the world. The article concludes that the book will be required reading for all economists interested in long-run economic growth trends and that Maddison's estimates, while by no means definitive, will stimulate debate for years to come.

Suggested Citation

  • Andrew Sharpe, 2001. "Review Article on The World Economy: A Millennial Perspective by Angus Maddison," International Productivity Monitor, Centre for the Study of Living Standards, vol. 3, pages 69-78, Fall.
  • Handle: RePEc:sls:ipmsls:v:3:y:2001:7
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    File URL: http://www.csls.ca/ipm/3/review-e.pdf
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    File URL: http://www.csls.ca/ipm/3/review-f.pdf
    File Function: version en francais, pp:73-82
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    Citations

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    Cited by:

    1. Jeremy Smith, 2003. "International Productivity Comparisons: An Examination of Data Sources," International Productivity Monitor, Centre for the Study of Living Standards, vol. 6, pages 64-71, Spring.

    More about this item

    Keywords

    Review; The World Economy: A Millennial Perspective; Maddison; Estimates; Population; Growth; Long-Run; Trends; Economic History; Comparisons; Data; Canada; GDP; GDP per Capita; China; Western; Development; Policy; Unemployment;

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • N30 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - General, International, or Comparative
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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