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Labor Productivity in Britain and America During the Nineteenth Century

Broadberry, Stephen N. - 2004

A number of writers have recently questioned whether labor productivity or per capita incomes were ever higher in the United Kingdom than in the United States. We show that although the United States already had a substantial labor productivity lead in industry as early as 1840, especially in...

Persistent link: https://www.econbiz.de/10012468329

The Link Between Fundamentals and Proximate Factors in Development

Keller, Wolfgang - 2013

The paper introduces a framework for studying the hierarchy of growth factors, from deep to more immediate. The specific setting we examine is 18th and 19th century Germany, when institutional changes introduced by reforms and transportation improvements converged to create city growth. We...

Persistent link: https://www.econbiz.de/10012459845

Medieval Universities, Legal Institutions, and the Commercial Revolution

Cantoni, Davide - 2012

We present new data documenting medieval Europe's "Commercial Revolution'' using information on the establishment of markets in Germany. We use these data to test whether medieval universities played a causal role in expanding economic activity, examining the foundation of Germany's first...

Persistent link: https://www.econbiz.de/10012460680

Austerity and the rise of the Nazi party

Galofré-Vilà, Gregori - 2017

The current historical consensus on the economic causes of the inexorable Nazi electoral success between 1930 and 1933 suggests this was largely related to the Treaty of Versailles and the Great Depression (high unemployment and financial instability). However, these factors cannot fully account...

Persistent link: https://www.econbiz.de/10012453607

The Debt-Inflation Channel of the German Hyperinflation

Brunnermeier, Markus Konrad; Correia, Sergio A.; Luck, … - National Bureau of Economic Research - 2023

This paper studies how a large increase in the price level is transmitted to the real economy through firm balance sheets. Using newly digitized macro- and micro-level data from the German inflation of 1919-1923, we show that inflation led to a large reduction in real debt burdens and...

Persistent link: https://www.econbiz.de/10014322686

Economics and the Modern Economic Historian

Abramitzky, Ran - 2015

I reflect on the role of modern economic history in economics. I document a substantial increase in the percentage of … past has contributed to economics by providing ground to test economic theory, improve economic policy, understand economic … those of other economists in the economics job market. I speculate how the increase in availability of high quality micro …

Persistent link: https://www.econbiz.de/10012457033

Economic History or History of Economics? A Review Essay on Sylvia Nasar's Grand Pursuit : the Story of Economic Genius

Ashenfelter, Orley C. - 2011

In this essay I review Sylvia Nasar's long awaited new history of economics, Grand Pursuit. I describe how the book is … and foibles to show they are human! I contrast the general view of the role of economics in Grand Pursuit with Robert …

Persistent link: https://www.econbiz.de/10012461050

Economics, History, and Causation

Morck, Randall - 2011

Economics and history both strive to understand causation: economics using instrumental variables econometrics and …

Persistent link: https://www.econbiz.de/10012461979

The Economic History of the <i>American Economic Review</i> : A Century's Explosion of Economics Research

Margo, Robert A. - 2010

a multi-purpose publication with highly disparate content. Over time the economics profession expanded and more … economics research was produced, primarily in the form of journal articles. The AER accommodated this shift by allocating more …

Persistent link: https://www.econbiz.de/10012462383

Historical Natural Experiments : Bridging Economics and Economic History

Cantoni, Davide - 2020

The analysis of historical natural experiments has profoundly impacted economics research across fields. We trace the …

Persistent link: https://www.econbiz.de/10012479278