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This paper tests whether the so-called ‘reach of the market’ helps to explain ‘why Europe’ and ‘why north …-western Europe’. By looking at grain markets from the late seventeenth to the early twentieth century, this study concludes that the … neither a concomitant nor an effect of the Industrial Revolution, but indeed a plausible determinant for the rise of Europe …
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Economic evaluation has an important role in helping to make decisionsabout the use of scarce resources in an explicit … and rational manner, yeteconomic evaluation is not well-developed in many areas of socialwelfare. This paper looks at the … evaluation may not always be appropriate,because of the nature of many social welfare interventions and becauseevaluators need to …
Persistent link: https://www.econbiz.de/10008695297
In England, across the whole period of the Great Debasement, the mint issued six different kinds of silver coins and three kinds of gold coins. According to Gresham’s Law, coins with the same face value but different intrinsic values can not circulate side by side for too long: only those...
Persistent link: https://www.econbiz.de/10005870464
This paper reassesses and extends Hawke’s passenger railway social savings for England and Wales. Better estimates of coach costs and evidence that third class passengers would otherwise have walked reduce Hawke’s social savings by two-thirds. We calculate railway speeds, and the amount and...
Persistent link: https://www.econbiz.de/10005870947