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Start-up Nation? Slave Wealth and Entrepreneurship in Civil War Maryland
González, Felipe - 2016
Slave property rights yielded a source of collateral as well as a coerced labor force. Using data from Dun and Bradstreet linked to the 1860 census and slave schedules in Maryland, we find that slaveowners were more likely to start businesses prior to the uncompensated 1864 emancipation, even...
Persistent link: https://www.econbiz.de/10012456194
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International Aspects of the Great Depression and the Crisis of 2007 : Similarities, Differences, and Lessons
Grossman, Richard S. - 2010
-slump macroeconomic cycles. During both crises, world trade collapsed faster than world incomes and the trade decline was highly …
Persistent link: https://www.econbiz.de/10012462356
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This Time is Different : A Panoramic View of Eight Centuries of Financial Crises
Reinhart, Carmen M. - 2008
This paper offers a "panoramic" analysis of the history of financial crises dating from England's fourteenth-century default to the current United States sub-prime financial crisis. Our study is based on a new dataset that spans all regions. It incorporates a number of important credit episodes...
Persistent link: https://www.econbiz.de/10012464765
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Spatial Competition, Innovation and Institutions : The Industrial Revolution and the Great Divergence
Desmet, Klaus - 2018
A market-size-only theory of industrialization cannot explain why England developed nearly two centuries before China. One shortcoming of such a theory is its exclusive focus on producers. We show that once we incorporate the incentives of factor suppliers' organizations such as craft guilds,...
Persistent link: https://www.econbiz.de/10012452993
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Do Entrepreneurs Want Control? And Should They Get What They Want? A Historical and Theoretical Exploration
Lamoreaux, Naomi R.; Rosenthal, Jean-Laurent - National Bureau of Economic Research - 2023
From Elihu Thomson and Herbert Dow in the late nineteenth century to Steve Jobs a hundred years later, many entrepreneurs have been stymied by their investors. In this paper, we use a simple model to explore how outcomes might have been different if entrepreneurs, instead of the investors, had...
Persistent link: https://www.econbiz.de/10014250124
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Productivity Growth and Levels in France, Japan, the United Kingdom and the United States in the Twentieth Century
Cette, Gilbert - 2009
Most recently (in 2006), before the current financial world crisis, hourly labor productivity levels were slightly … to France and Japan, a relative decline that was interrupted by the second world war (WW2); (iii) the remarkable catching … the United Kingdom and become the leading world economy. During the past 25 years, the four countries have also …
Persistent link: https://www.econbiz.de/10012463072
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Yet Another Tale of Two Cities : Buenos Aires and Chicago
Campante, Filipe - 2009
Buenos Aires and Chicago grew during the nineteenth century for remarkably similar reasons. Both cities were conduits for moving meat and grain from fertile hinterlands to eastern markets. However, despite their initial similarities, Chicago was vastly more prosperous for most of the 20th...
Persistent link: https://www.econbiz.de/10012463546
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An Historical Perspective on the Crisis of 2007-2008
Bordo, Michael D. - 2008
This paper provides an historical perspective on the crisis of 2007-2008. The crisis is part of a perennial pattern. It has echoes in earlier big international financial crises which were triggered by events in the U.S. financial system. Examples include the crises of 1857, 1893 1907 and...
Persistent link: https://www.econbiz.de/10012464079
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Testing for the Economic Impact of the U.S. Constitution : Purchasing Power Parity across the Colonies versus across the States, 1748-1811
Grubb, Farley - 2008
The U.S. Constitution removed real and monetary trade barriers between the states. By contrast, these states when they were British colonies exercised considerable real and monetary autonomy over their borders. Purchasing power parity is used to measure how much economic integration between the...
Persistent link: https://www.econbiz.de/10012464810
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Gaucho Banking Redux
Paolera, Gerardo della - 2003
Argentina's economic crisis has strong similarities with previous crises stretching back to the nineteenth century. A common thread runs through all these crises: the interaction of a weak, undisciplined, or corruptible banking sector, and some other group of conspirators from the public or...
Persistent link: https://www.econbiz.de/10012469246