The Galor And David N. Weil 's Work Essay

The Galor And David N. Weil 's Work Essay

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Oded Galor and David N. Weil’s work, From Malthusian Stagnation to Modern Growth describes three different regimes on society including population, GDP per capita, family, and lifespan. They are the Malthusian model, the Post Malthusian model, and the Modern Growth Era model. The first of these three was the Malthusian model, developed by Malthus in the late 18th century, the Modern Growth is what we have today, and the post Malthusian model is the transition between the two ends of the spectrum.
The Malthusian model defined human society for much of its history, and only started to break from that model around the time Malthus wrote his works on it. The Malthusian model sees that for thousands of year, the standard of living remained more or less constant, and did not vary across countries. It also is characterized by the slow progress of technology at that time, families were large but had high mortality rate, and thus the population grew slowly: around 0.064 percent per year. Society did have population drops, leading to higher real wages and faster population growth, but it wou...

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