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Quotation of the Day…

… is from page 8 of Cormac Ó Gráda’s 2015 paper “Neither Feast Nor Famine: England Before the Industrial Revolution,” which is chapter 1 of Institutions, Innovation, and Industrialization: Essays in Economic History and Development (Avner Greif, Lynne Kiesling, and John V.C. Nye, Eds., 2015):

Famines are nearly always linked to economic backwardness. Their virtual elimination globally (in peacetime) is one of the achievements of modern economic growth.

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