The water-mill, though known in the Roman Empire from the second century BCE, did not come to enjoy any widespread use until the 4 th or 5 th centuries CE, and then chiefly in the West, which was then experiencing not only a rapid decline in the supply of slaves, but also widespread...

This paper analyses the major changes in textile products, production costs, prices, and market orientations during the era when the �draperies� or cloth industries of the late-medieval Low Countries and England had become increasingly dependent upon northern markets and the German...

Between 1940 and 2000 there has been a substantial increase of educational attainment in the United States. What caused this trend? We develop a model of human capital accumulation that features a non-degenerate distribution of educational attainment in the population. We use this framework to...

Between 1940 and 2000 there has been a substantial increase of educational attainment in the United States. What caused this trend? We develop a model of human capital accumulation that features a non-degenerate distribution of educational attainment in the population. We use this framework to...

Between 1940 and 2000 there has been a substantial increase of educational attainment in the United States. What caused this trend? Using a simple model of schooling decisions, we assess the quantitative contribution of changes in the return to schooling in explaining the evolution of education....

Between 1940 and 2000 there has been a substantial increase of educational attainment in the United States. What caused this trend? We develop a model of schooling decisions in order to assess the quantitative contribution of technological progress in explaining the evolution of education. We...

This paper re-examines Earl Hamilton's famous 1929 thesis on 'Profit Inflation' and the 'birth of modern industrial capitalism': namely, that the inflationary forces of the Price Revolution era produced a widening gap between prices and wages, thus providing industrial entrepreneurs with...