income: DeLong view

Doug Henwood dhenwood at
Wed Jun 3 07:15:19 PDT 1998

Brad De Long wrote:

>Bear in mind that these are only preliminary estimates...
>The series come in three flavors. My "preferred" version; a version that
>rejects Michael Boskin and company's conclusions about how the invention of
>new goods and new types of goods have added to material wealth; and a
>series that abandons any attempt to track pre-1500 movements in income per
>capita and just assumes that pre-1500 per capita output was constant.


Where do these estimates come from, and how are they different from Maddison's latest (in Monitoring the World Economy, 1820-1992, published by the OECD)?


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