Brad DeLong's Grasping Reality β’ 199 implied HN points β’ 20 Nov 24
- Economic growth has a long history, with most of it being slow until a major change around 1870. Before then, people lived with little advancement in their living standards for centuries.
- Reliable data about economies was mostly unavailable before the 19th century. This makes it hard to understand past living conditions or wealth distribution.
- Many technological advancements didn't lead to better lives for common people until recently. Before 1870, despite progress, most still struggled with poverty and poor living conditions.