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The 'hockey stick' metaphor for historical growth illustrates a consistent, gradual increase in living standards over many centuries.
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Ch.1 Prosperity, inequality, and planetary limits - The Economy 2.0 Microeconomics @ CORE Econ
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Capitalism, Causation, and History’s Hockey Stick
An economic historian presents a graph showing a country's average income per person over the last millennium. For the first 800 years, the data forms a long, nearly flat line near the bottom of the graph. In the last 200 years, the line bends sharply upward in a steep, sustained climb. Based on the shape of this data, what is the most accurate interpretation of this country's economic history?
Interpreting Historical Economic Growth Patterns
Applying the Growth Metaphor
Explaining the 'Hockey Stick' Growth Pattern
The 'hockey stick' metaphor for historical growth illustrates a consistent, gradual increase in living standards over many centuries.
A graph shaped like a 'hockey stick' is often used to represent a specific pattern of historical change, characterized by a long period of near-stagnation followed by a sudden, sharp, and sustained increase. Which of the following scenarios would be most accurately depicted by such a graph?
Match each description of a historical data pattern with the most appropriate term.
The 'hockey stick' metaphor describes a historical pattern characterized by a long period of near-stagnation followed by a sudden, sharp, and sustained upward surge. Which of the following global trends, if plotted over the last millennium, would be LEAST likely to display this specific shape?
When using the 'hockey stick' metaphor to describe historical economic growth, what do the two distinct parts of the stick—the long, flat shaft and the short, sharply curved blade—represent?
A graph depicting global average living standards over the last 1,000 years shows a long, flat line for the first 800 years, followed by a sharp, steep upward curve in the last 200. What does the 'bend' or 'kink' in this shape most significantly represent?