Difference between revisions of "Economy"

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• Robert Solow, winner of the 1987 Nobel Prize in Economics. He is famous for the theories of economic growth.  
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• Paul Michael Romer, an economist and Senior Fellow at Stanford University's Center for International Development and the Stanford Institute for Economic Policy Research. He is an expert on economic growth.
 
• Kamer Daron Acemoğlu, Professor of Applied Economics at Massachusetts Institute of Technology and winner of the 2005 John Bates Clark Medal. He is also among the 20 most cited economists in the world. He is the associate editor of the Journal of Economic Growth and have interest in the field of economic growth
 
==Timing:==
 
Up until 1500:  There had been almost no growth in output per worker for the average human.
 
Between 1500 to 1800: Average rates of material output per capita grew at 0.15% per year.  
 
Between 1800 and 1900: Output per capita grew at 1.0% per year worldwide.  
 
Between 1900 and 2000: Output per capita grew at 2.0% per year worldwide.
 
The economic growth in terms of GDP per capita and the population growth are shown below:
 
[[image:historygdp.jpg]]
 
==Web Resources:==
 
 
http://en.wikipedia.org/wiki/Economic_growth
 
http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTPOVERTY/EXTPGI/0,,contentMDK:20263370~menuPK:342777~pagePK:148956~piPK:216618~theSitePK:342771,00.html
 
http://www.econlib.org/library/Enc/EconomicGrowth.html
 
http://stats.oecd.org/wbos/Index.aspx?QueryId=350

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