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 Galor — Think about your water kettle. When you heat the water and y
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…