Abstract The East Asian countries achieved extraordinarily fast economic growth during the last four decades. Indeed, it would be no exaggeration to say that they represented the most successful case of rapid industrialisation and sustained economic growth in the history of mankind. This paper...

Maintaining today’s global imbalances would help to overcome the major disproportion of our times – income gap between developed and developing countries. This gap was widening for 500 years and only now, in the recent 50 years, there are some signs that this gap is starting to decrease. The...

This paper analyzes the links between labour market institutions and skill premiums in the UK, controlling for other explanatory variables such as market conditions, international trade and skill-biased technology. We find that the trade union decline in unskilled workers can explain more than...

This study evaluates behavioural differences between union and non-union workers in their preferences regarding reciprocal loyalty in the employment relationship. It uses a vignettes approach to elicit preferences and a novel dataset with unusually rich information on semi-skilled employees from...

Some Remarks on Lujo Brentano's View of Labor Market Problems Lujo Brentano (1844-1931) aimed for "realism" in economics. Regarding labor market theory, two topics are of particular interest: His investigations on "Hours and Wages in Relation to Production" (Scribner's 1894) and his analysis "On...

Constructs and analyzes an index of industrial Production for Hungary between 1830-1913.

Considers the effect of non-stationarity on the analysis of the effect of banks on economic growth in Germany in the late-19th and early-20th centuries.

Argues that the decline in physical stature of the American population beginning with 1835 was related to the concomitants of the onset of modern economic growth and not entirely to changes in the disease environment.

Proposes an economic-growth model that adheres to the salient features of the European economies during the millennium prior to the Industrial Revolution and shows how the Industrial Revolution, generated by the model, can be conceptualized as an escape from the Malthusian trap.

Proposes an economic-growth model that adheres to the salient features of the European economies during the millennium prior to the Industrial Revolution and shows how the Industrial Revolution, generated by the model, can be conceptualized as an escape from the Malthusian trap.