Gregory Clark Famous Quotes
Reading Gregory Clark quotes, download and share images of famous quotes by Gregory Clark. Righ click to see or save pictures of Gregory Clark quotes that you can use as your wallpaper for free.
the good society would have a low rate of inheritance of social status and correspondingly low variations in income and wealth.
Preindustrial living standards are predictable based on knowledge of disease and environment. Differences in social energy across societies were muted by the Malthusian constraints. They had minimal impacts on living conditions. Since the Industrial Revolution, however, we have entered a strange new world in which economic theory is of little use in understanding differences in income across societies, or the future income in any specific society. Wealth and poverty are a matter of differences in local social interactions that are magnified, not dampened, by the economic system, to produce feast or famine.