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Hard-cover • 2007
Pages: 654
ISBN: 8171886132
For Sale in South Asia Only

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Academic Foundation

The World Economy

Angus Maddison

About the Book

The World Economy brings together two major reference works by Angus Maddison: The World Economy: A Millenial Perspective, first published in 2001 and The World Economy: Historical Statistics, published in 2003.
This new edition contains Statlinks, a service providing access to the underlying data in Excel® format. The World Economy is a “must” for scholars and students of economics and economic history as well as for statisticians, while the casual reader will find much of fascinating interest.
Written by the distinguished economic historian, Angus Maddison, together, the two volumes (bound-in-one) comprising The World Economy, hold authoritative analysis along with extensive supporting data on a global level for the growth and performance of various economies across the world, over a very large span of time. They undoubtedly provide answers to many a big question and promise to offer clues to still unanswered paradoxes. This ‘only one of its kind’ publication is made more attractive in the present format (‘two-in-one edition’, hard cover) that is sure to be a valuable addition to any library, personal or otherwise.
The first volume provides a comprehensive view of the growth and levels of world population since the year 1000, when rich countries of today were poorer than Asia and Africa. It is a pioneering effort to quantify the economic performance of nations over the very long term, identifying forces which explain the success of the rich countries, and exploring the obstacles that hindered advance in less developed regions.
In the second volume, Angus Maddison offers a rare insight into the history and political influence of national accounts and national accounting. Based on revised and updated population estimates for 1950-2003 and GDP and per capita GDP estimates for 1820 to 2001, he demonstrates that such statistical data can shed light on the analysis of economic phenomena like growth, market formation and income distribution. This approach is particularly interesting for developing countries often lacking the expertise or data to produce good national accounts. It also serves as a reminder for OECD countries that effective policy making depends on verifiable economic data.
The World Economy is a monumental work of reference and a “must” for all scholars and students of economics and economic history, as well as a mine of fascinating facts for everyone else. An attractive feature of this new edition is the inclusion of Statlinks, which provide access to the underlying data in Excel® format.

About the Author(s) / Editor(s)

Angus Maddison (b. 1926) enjoys a world-wide reputation as a pioneer in the field of the quantification of economic growth in an international comparative and historical perspective. Maddison is Emeritus Professor of Economic Sociology at the Faculty of Economics at the University of Groningen in the Netherlands and Honorary Fellow of Selwyn College, Cambridge. Just recently (October 2006), Professor Maddison was awarded the title of Commander in the Order of Orange-Nassau. He was educated at Cambridge, McGill, and Johns Hopkins universities, before teaching at the University of St. Andrews in Scotland. His professional relationship with the OECD began even before the Organisation’s birth. He was Head of the OEEC Economics Division from 1953 to 1962 when the organisation became the OECD. From 1963 to 1966, he was a Fellow of the newly created OECD Development Centre. He left the Organisation in order to undertake research for the Twentieth Century Fund and Harvard University’s Development Advisory Service but, by 1971, Professor Maddison was back at the OECD as Head of the Central Analysis Division, a post he retained for seven years. Angus Maddison has been an advisor to the governments of Brazil, Ghana, Greece and Pakistan and has travelled widely in developing countries as part of his research interests. His major research interest today is the assessment of the forces affecting the economic growth performance of nations, with particular emphasis on quantitative analysis in historical and comparative perspectives. Professor Maddison is the author or co-author of 25 books and a great many articles in academic and financial journals.
The author currently lives in Thourotte (France).

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