In 1900 the global average life expectancy at birth was 31 years. By 2000 it was 66. Yet, alongside unprecedented improvements in longevity and material well-being, the twentieth century also saw the rise of fascism and communism and two world wars followed by a cold war. The nineteenth century was a period of rapid economic growth characterised by relatively open markets and more personal liberty, but it also brought great inequality within and between nations. The following century offered sharp challenged to free-wheeling capitalism from both communism and fascism, whose competing visions of planned economic development attracted millions of people buffeted by the economic storms of the 1930s.
You are cordially invited to a lunch seminar with economics Professor Richard Pomfret, author of the recent and highly regarded book The Age of Equality (Harvard University Press). Professor Pomfret will discuss the great developments of the twentieth century and how economic systems are likely to evolve in the new century.