Unified Growth Theory

"Galor's project is breathtakingly ambitious. He proposes a fairly simple, intensely human-capital-oriented model that will accommodate the millennia of Malthusian near-stagnation, the Industrial Revolution and its aftermath of rapid growth, the accompanying demographic transition, and the emergence of modern human-capital-based growth. And the model is supposed to generate endogenously the transitions from one era to the next. The resulting book is a powerful mixture of fact, theory, and interpretation."--Robert Solow, Nobel Laureate in Economics"Unified Growth Theory is a work of unusual ambition. Full of original and daring ideas, this book will inspire, motivate, and challenge economists. Highly recommended."--Daron Acemoglu, Massachusetts Institute of Technology"Unified Growth Theory is Big Science at its best. It grapples with some of the broadest questions in social science, integrating state-of-the-art economic theory with a rich exploration of a wide range of empirical evidence. Galor's erudition and creativity are remarkable, and the ideas embodied in this book will have a lasting effect on economics."--Steven N. Durlauf, University of Wisconsin-Madison