adjustment dynamics in line with the historical facts on savings and economic growth in Europe from the High Middle Ages to today …. Along a virtuous cycle of development more wealth leads to more patience, which leads to more savings and even higher wealth …. Savings rates and income growth rates are thus jointly increasing during the process of development until they converge …

issue. Here, I reconsider the linear (Ak) growth model with subsistence consumption and show that the evolution of savings … savings rates and growth rates reasonably well. -- Economic growth ; saving ; subsistence needs …