The presented book “Mass Flourishing” by Edmund Phelps, winner of the 2006 Nobel Economics Prize, proposes a new perspective on what the prosperity of nations is. According to the author, the prosperity at a national scale comes from the broad involvement of people with innovations. These...

The European economy was of central importance for the worldwide economic development. In pre-industrial times all cultures were agrarian with few cities and similar income. This situation changed fundamentally with the industrialisation of Europe, which caused great income differences. This...

This paper presents two applications of the multi-scale integrated analysis of societal metabolism (MSIASM) approach. The first application shows that accounting the metabolism of a society in both economic and biophysical terms supports a better understanding of mechanisms determining...

Early states like China, India, Italy and Greece have been experiencing more rapid economic growth in recent decades than have later-comers to agriculture and statehood like New Guinea, the Congo, and Uruguay. We show that more rapid growth by early starters has been the norm in economic...

This paper examines the trajectory of economic development in Botswana between the years 1820 and 1966, when it achieved independence. First, I review the historical trends in the country’s economic and social development indicators. I then proceed to analyze what factors have encouraged or...