This paper argues that China's size was one reason behind its relative decline in the nineteenth century. A ruler governing a large country faces severe agency problems. Given his monitoring difficulties, his agents have strong incentives to extort the taxpayers. This forces him to keep taxes...

This paper addresses two important topics in recent economic historiography: globalization and the great divergence. We first present a search for statistical evidence in the Far East of an “Early Globalization” comparable to the one ongoing in the West since the mid-eighteenth century....

Purpose – Whereas a combination of unique historical conditions and a specific set of public policies in the United States enabled labor to significantly increase its relative power during the quarter century following World War II, this halcyon period for labor was followed by a period of...

Recent empirical research questions the validity of using Malthusian theory in preindustrial England. Using real wage and vital rate data for the years 1650–1881, I provide empirical estimates for a different region: Northern Italy. The empirical methodology is theoretically underpinned by a...

This paper investigates the long-term impacts of water storage infrastructure (dams) on agriculture and the natural environment in the semi-arid U.S. West. We conduct an empirical analysis of the agricultural impacts associated with major dams in Idaho, focusing on their crop mixes, crop...

This chapter surveys the historical evidence on the role of institutions in economic growth and points out weaknesses in a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not historically substituted for public-order ones in...

During the years immediately following the American Revolution, it was common for Southern elites to express concerns about the morality or long-term viability of slavery. It is unclear, however, whether such expressions of anti-slavery sentiment were genuine, especially given the failure of so...