Argues that the examination in the secular change in nominal interest rates is not sufficient to understand the complexities of grain-storage dynamics in Medieval Europe.

Proposes an economic-growth model that adheres to the salient features of the European economies during the millennium prior to the Industrial Revolution and shows how the Industrial Revolution, generated by the model, can be conceptualized as an escape from the Malthusian trap.

Proposes an economic-growth model that adheres to the salient features of the European economies during the millennium prior to the Industrial Revolution and shows how the Industrial Revolution, generated by the model, can be conceptualized as an escape from the Malthusian trap.