Global Economic History Quotes

“These developments were not due to a conspiracy among the rich nor simply to colonialism (although it played a role). They were the result of one of the fundamental principles of economics – comparative advantage.”
― Robert C. Allen, Global Economic History: A Very Short Introduction

“The Western countries have experienced a development trajectory in which higher wages led to the invention of labour-saving technology, whose use drove up labour productivity and wages with it.”
― Robert C. Allen, Global Economic History: A Very Short Introduction