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This monumental study is an account of the world economy from the eighteenth cen-tury to the mid-twentieth, an analysis and prescription for the future, and a challenge to the neo-Keynesian theories of income determination and growth. It is based on some forty years of research and teaching.

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• Preface(p. xxxv)
• Introduction(p. xxxix)
• Part 1 The Demographic Transition(p. 1)
• 1 Two Centuries of Expansion in World Population(p. 3)
• 2 Population Dynamics Among the Early-Comers to Industrialization(p. 12)
• 3 Population Dynamics Among the Late-Comers to Industrialization(p. 26)
• 4 The Contemporary Scene: A Preliminary View(p. 39)
• Part 2 Growth Since the Eighteenth Century: An Overall View(p. 45)
• 5 Industrial Growth and Its Diffusion(p. 47)
• 6 Growth and Structural Change(p. 55)
• 7 International Trade and Its Changing Distribution(p. 65)
• 8 Prices(p. 81)
• 9 Relative Prices and the Terms of Trade(p. 91)
• Part 3 Trend Periods(p. 101)
• 10 Balanced and Unbalanced Growth(p. 103)
• 11 1790-1815(p. 111)
• 12 1815-1848(p. 123)
• 13 1848-1873(p. 146)
• 14 1873-1920(p. 163)
• 15 1920-1936(p. 203)
• 16 1936-1951(p. 230)
• 17 1951-1972(p. 247)
• 18 The Price Revolution of 1972-1976(p. 287)
• 19 Trend Periods Summarized(p. 299)
• Part 4 Business Cycles(p. 305)
• 20 Cycles: Another Result of Unbalanced Growth(p. 307)
• 21 Cycles in the Eighteenth Century: 1700-1783(p. 311)
• 22 Cycles in the Classic Era: 1783-1914(p. 314)
• 23 Interwar Cycles: 1919-1939(p. 331)
• 24 Cycles in Growth Rates: 1945-1973(p. 338)
• 25 Inflation: The Price of Full Employment(p. 349)
• 26 Stagflation: 1974-1976(p. 358)
• Part 5 Stages of Economic Growth. Twenty Countries(p. 363)
• 27 Aggregate and Sectoral Analysis of Growth(p. 365)
• 28 Great Britain(p. 373)
• 29 The United States(p. 384)
• 30 France(p. 394)
• 31 Germany(p. 401)
• 32 Sweden(p. 409)
• 33 Japan(p. 416)
• 34 Russia-Ussr(p. 426)
• 35 Italy(p. 438)
• 36 Canada(p. 448)
• 37 Australia(p. 456)
• 38 Argentina(p. 466)
• 39 Turkey(p. 475)
• 40 Brazil(p. 481)
• 41 Mexico(p. 491)
• 42 Iran(p. 500)
• 43 India(p. 509)
• 44 China(p. 522)
• 45 Taiwan(p. 538)
• 46 Thailand(p. 547)
• 47 South Korea(p. 552)
• 48 Four Conclusions(p. 561)
• Part 6 The Future of the World Economy(p. 569)
• 49 Are There Limits to Growth?(p. 571)
• 50 Population and Food(p. 582)
• 51 Energy(p. 591)
• 52 Raw Materials(p. 610)
• 53 Pollution and the Environment(p. 619)
• 54 Political Economy in the Fifth Kondratieff Upswing(p. 625)
• 55 Tasks of International Cooperation(p. 644)
• Appendix a Index of World Industrial Production, 1700-1971(p. 659)
• Appendix B the Volume and Distribution of World Trade, 1720-1971(p. 663)
• Appendix C the Size of the United States Motor Vehicle Sectoral Complex, Early 1970's(p. 670)
• Appendix D Sources for Charted Data, Part Five(p. 675)
• Notes(p. 717)
• Author Index(p. 813)
• Subject Index(p. 820)