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What trapped humanity in poverty for most of our existence? What sparked the massive metamorphosis in living standards over the past two centuries? And what led to the emergence of vast inequality…
In this exclusive series of interviews from 2015-today, I spoke with the world’s foremost experts on inequality: Kate Gilmore (United Nations Deputy High Commissioner for Human Rights), The Rt. Hon. The Lord…
In this exclusive interview, we speak with Prof. Jill Tarter (Co-Founder and Bernard M. Oliver Chair of the SETI Institute). We discuss her lifelong work with the Search for Extraterrestrial Intelligence (SETI)…
From the archive
It is impossible to have the World Bank type of policy that is saying one policy fits all – educate your population, adopt better institutions, adopt family planning, and this will be the rescue. On the contrary, resources are limited, and we need to target the elements that are creating hurdles in the development of each country.
— Oded GalorEconomist known for unified growth theory explaining long-term economic development
Think about your water kettle. When you heat the water and you see the transition from water to gas, not all water molecules are converted at once. The same happened in the world economy. Since this transition was associated with such a fantastic increase in income per capita, those societies that took off first increased their gap from the rest of the world tremendously.
— Oded GalorEconomist known for unified growth theory explaining long-term economic development
Over this 99.9% of human existence, when technology advances, population advances and counterbalances any potential increase in human prosperity. Suddenly once technological progress reaches a tipping point, families start to invest in education, they economise on the number of children, and technological progress is converted into richer people rather than into more people.
— Oded GalorEconomist known for unified growth theory explaining long-term economic development
There is a certain conventional wisdom about the way that humanity evolved over time. The puzzling element is that much of the gain that we made in the technological realm were converted into more people, rather than into richer people up until very, very recently. World income per capita has increased 14-fold in the past 200 years, whereas over 300,000 years of human existence, it hardly changed.
— Oded GalorEconomist known for unified growth theory explaining long-term economic development
Consider for a moment residents of the city of Jerusalem in the Roman period and whisk these individuals in a time machine nearly 2000 years forward to Ottoman Jerusalem. Those individuals from the Roman period will be able to adapt nearly instantaneously. But if you whisk these individuals an additional 200 hundred years forward to present day Jerusalem, these individuals would be entirely shocked. Past knowledge will be largely obsolete. New technologies would appear as witchcraft.
— Oded GalorEconomist known for unified growth theory explaining long-term economic development
If you whisk these individuals an additional 200 hundred years forward to present day Jerusalem, these individuals would be entirely shocked. Past knowledge will be largely obsolete. New technologies would appear as witchcraft. Occupations would require incomprehensible skills, and life expectancy would instantaneously double.
— Oded GalorEconomist known for unified growth theory explaining long-term economic development
Conditional on the emergence of the human brain, civilisation was inevitable for many reasons. We had a commendable population in Africa 300,000 years ago and given the fact that these individuals were equipped with the power of the modern brain, the emergence of civilisation was inevitable.
— Oded GalorEconomist known for unified growth theory explaining long-term economic development
Over this 99.9% of human existence, when technology advances, population advances and counterbalances any potential increase in human prosperity. Suddenly once technological progress reaches a tipping point, families start to invest in education, they economise on the number of children, and technological progress is converted into richer people rather than into more people.
— Oded GalorEconomist known for unified growth theory explaining long-term economic development
World income per capita has increased 14-fold in the past 200 years, whereas over 300,000 years of human existence, it hardly changed. I describe it as the mystery of growth, namely what generated this dramatic transformation in the standard of living over the past 200 years after literally 300,000 years of stagnation?
— Oded GalorEconomist known for unified growth theory explaining long-term economic development
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