Dietrich Vollrath
Economist at the University of Houston; wrote Fully Grown, on why a slow-growing economy is a sign of success, and blogs at Growth Economics.
Dietrich Vollrath did not write this page. What is this?
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Where they publish
Beliefs
Korrents What they believe 5 beliefs — each backed by an exact quote.
Each is a — compiled by korrents.com, not by them: the one-line wordings are korrents', the quotes are theirs.
Recent
Sustained growth in living standards required productivity to accelerate and population growth to fall at the same time.
It was an acceleration in productivity combined with a decline in population growth that put us on a slow trudge towards utopia.
Review of DeLong's "Slouching Towards Utopia" Said 11 Oct 2022
Before about 1870 every burst of productivity growth was eaten by a burst of population growth, leaving living standards where they were.
Prior to this inflection point, productivity growth had increased before, but every time had induced a response of higher population growth rates, eroding any gains in per-person living standards.
Review of DeLong's "Slouching Towards Utopia" Said 11 Oct 2022
What broke the Malthusian trap was that productivity growth raised the price of bringing a child to adulthood.
The key change is that productivity growth, starting around 1870, reached down and profoundly raised the price of bringing a child to adulthood.
Review of DeLong's "Slouching Towards Utopia" Said 11 Oct 2022
Show 2 more
The research lab, the corporation and globalisation could not have produced sustained growth without the fall in fertility beside them.
Without this anti-Malthusian response the research lab, corporation, and globalization cannot provide sustained growth.
Review of DeLong's "Slouching Towards Utopia" Said 11 Oct 2022
The fall in fertility deserves equal billing with the research lab, the corporation and globalisation in the story of modern growth.
What I’m nitpicking here is that this decline in fertility deserves equal billing with the research lab, corporation, and globalization.
Review of DeLong's "Slouching Towards Utopia" Said 11 Oct 2022
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