Lecture on Divergence in Living Standards and Economic History

Key Points and Concepts Discussed:

Divergence in Living Standards

• Divergence in living standards between Europe and China seen as happening later than previously thought, post-1750.
• Traditional explanations for why the West overtook China (e.g., property rights, Confucianism) may not hold up well since the divergence was not apparent before 1750.

Rethinking Historical Dichotomies

• Suggestion to reconsider the narrative of