This infographic from fundersandfounders.com may be a little simplistic – especially because the timeline goes all the way back to pre-history - but it's still a powerful representation of economic history. It should give us all hope for the future – especially since more and more startups are focusing on areas like energy and healthcare and the environment. But is it all true? Where do numbers like these come from?
Back in 1998, J. Bradford DeLong of the Department of Economics at U.C. Berkeley wrote a paper on estimating World GDP from one million BC to the present. It’s a fascinating economic read that looks at the growth in human populations and the connection between human population and economic growth. Most interesting are the points where economic output and production jump and stop being linearly connected to population. Basically these changes occur approximately in 1500 with the growth in trade and the Renaissance and in about 1820 with a steady increase in industrializationRead More »from The Economic History of the World in One Simple Picture