Three Revolutions of the Modern Era

an article by Richard A. Easterlin (University of Southern California, Pasadena, USA) published in Comparative Economic Studies Volume 61 Issue 4 (December 2019)

Abstract

The emergence and evolution of modern science since the seventeenth century has led to three major breakthroughs in the human condition.

The first, the Industrial Revolution, started in the late eighteenth century and is based chiefly on developments associated with the rise of the natural sciences.

The second, the Demographic Revolution, began in the latter half of the nineteenth century and is largely the result of progress in the life sciences.

The third is a Happiness Revolution that commenced in the late twentieth century and is the outgrowth of the social sciences.

The first two revolutions, both familiar concepts, are summarised briefly; this paper develops the rationale for the third, the Happiness Revolution. It also notes the implications of this perspective for the interpretation of international cross-sectional studies.

JEL Classification: C21, I15, I31, N30

Full text (PDF 10pp)

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