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gap between prices and wages, thus providing industrial entrepreneurs with windfall profits, which they reinvested in … generally kept pace with prices; and that early-modern England had experienced the greatest degree of such ‘profit inflation … proper comparison had to be made between industrial wages and industrial prices, not the price level in general. Since …
Persistent link: https://www.econbiz.de/10005248394
in option prices. Consumption and dividends remain smooth, and the model is consistent with salient features of …
Persistent link: https://www.econbiz.de/10008740003
Anglo-American financial interrelations in the decades before the American Civil War have long been studied to understand better the business cycle phenomena surrounding the demise of the Second Bank of the United States and the victory of the Currency School over the Bank of England in 1844....
Persistent link: https://www.econbiz.de/10005704734
This paper analyses the major changes in textile products, production costs, prices, and market orientations during the … major contributions of this paper, however, also lie in analysing production, product, cost, and prices changes in textiles … Hondschoote sayetterie and Leiden woollen industry, 1376-1570; (4 - 7) Prices and relative values of Ghent woollens: in terms of …
Persistent link: https://www.econbiz.de/10005827229
capitalism': namely, that the inflationary forces of the Price Revolution era produced a widening gap between prices and wages … prices; and that early-modern England had experienced the greatest degree of such 'profit inflation'. Such a contrast in … be made between industrial wages and industrial prices, not the price level in general; and since industrial prices …
Persistent link: https://www.econbiz.de/10005827232
depopulation will result in falling grain prices and thus in falling rents on grain-producing lands (on land in general) and in … would also have been a product of the fall in the cost of living, chiefly determined by bread-grain prices, whose decline … England, by almost thirty years of high grain prices – high in both nominal and real terms; and that was a principal reason …
Persistent link: https://www.econbiz.de/10005827233
similar contents. All wages and prices are expressed in terms of quinquennial (five-year) harmonic means The results of this …
Persistent link: https://www.econbiz.de/10005827239
relatively static agrarian technology, and thus with the inevitable Law of Diminishing returns, had drive up grain prices during … fifteenth centuries led to a fall in grain prices. The drastic alteration in the land:labour ratio also led to a rise in real … wages and a fall in rents; and in general to rising living standards. This in turn led to a rise in relative prices for non …
Persistent link: https://www.econbiz.de/10005827262
restricted by federal and state laws from expanding across state lines. We examine whether bank merger prices were higher or … well as those that may provide some diversification benefits, are offered higher prices.> We find that changes in the … regulatory environment had a significant impact on bank merger activities in general, and bank merger prices in particular. For …
Persistent link: https://www.econbiz.de/10005419870
across the states for more timely evidence of a change in this relationship. We find some evidence that the elasticity of …
Persistent link: https://www.econbiz.de/10005419896