Jacob Jefferson

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At the global level, the average rate of growth of per capita output was 0.8 percent per year from 1700 to 2012, or 0.1 percent in the period 1700–1820, 0.9 percent in 1820–1913, and 1.6 percent in 1913–2012. As indicated in Table 2.1, we find the same average growth rate—0.8 percent—when we look at world population 1700–2012.
Capital in the Twenty-First Century
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