The World Economy in the 20th Century

The World Economy in the 20th Century provides an analysis of the twentieth century economic growth based on a sample of 32 countries representing 80% of global economic activity. With eighty one tables and six graphs that support Maddison’s conclusions as to “Forces Making for Growth and Slowdown”, "The Nature of the International Order", and "The Nature of Domestic Policy". He spells out some of the shortcomings of available statistics and concludes that increases in knowledge and technical progress embodied in human and physical capital continue to constitute the major engine of growth.