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Europe in the sixteenth and most of the seventeenth century was engulfed in a wave of Sinophilia. However, by the eighteenth century a dramatic shift in the popular view of China in Europe occurred and Sinophobic writings began to dominate. The primary scholarly argument about the causes behind...
Persistent link: https://www.econbiz.de/10005870547
Most economic historians would surely endorse Paul Romer's view expressed above that technological progress lies at the heart of long run economic growth. Long ago Kuznets identified the epoch of 'modern economic growth' as one where growth came to be driven by scientific and technological...
Persistent link: https://www.econbiz.de/10005870592
In recent years there has been an upsurge of interest among growth economists in General Purpose Technologies (GPTs). A GPT can be defined as "a technology that initially has much scope for improvement and evntually comes to be widely used, to have many uses, and to have many Hicksian and...
Persistent link: https://www.econbiz.de/10005870597
In the 1900s, the European film industry exported throughout the world, at times supplying half the US market. By 1920, however, European films had virtually disappeared from America, and had become marginal in Europe. Theory on sunk costs and market structure suggests that an escalation of sunk...
Persistent link: https://www.econbiz.de/10005870602
Thomas Carlyle’s writings are an important conduit for thetransmission of French and German ideas into England duringthe nineteenth century – and Carlyle’s antagonistic relationshipwith the French Enlightenment would have a significant anddurable effect upon Victorian attitudes to French...
Persistent link: https://www.econbiz.de/10005870921
Sir Francis Bacon explored as a medical question the issue of how human life spans might be returned to the near-thousand years enjoyed by Adam and the Patriarchs. Extended old age seemed feasible: reports told of people living well into their centenary. Meanwhile, New World natives were said to...
Persistent link: https://www.econbiz.de/10005870933
This paper revisits the issue of the productivity performance of pre-World War I Britain’s railway system with an improved dataset and with modern time-series econometrics. We find a slowdown in TFP growth between 1850 and 1870, after which it stabilized at about 1.1%. An analysis of...
Persistent link: https://www.econbiz.de/10005870949
The usual way to evaluate the implications of new technology for economic growth is through growth accounting techniques. This methodology has, of course, been widely employed to examine the impact of information and communications technology (ICT) and the results have dominated thinking on the...
Persistent link: https://www.econbiz.de/10005870950