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The Rate of Return on Everything, 1870-2015
Jordà, Òscar - 2018
This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the...
Persistent link: https://www.econbiz.de/10012921279
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Assessing Market (Dis)Integration in Early Modern China and Europe
Bernhofen, Daniel M. - 2015
This paper challenges established claims of comparable degrees of market integration in Europe and China on the eve of … from Western Europe we conclude that in terms of market integration the Great Divergence was well under way decades before …
Persistent link: https://www.econbiz.de/10013011330
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Europe's Great Depression - Coordination Failure After the First World War
Wolf, Nikolaus - 2013
In this paper I survey and reinterpret the extensive literature on Europe's Great Depression. I argue that Europe could …
Persistent link: https://www.econbiz.de/10013094292
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'Whatever Is, Is Right'? Economic Institutions in Pre-Industrial Europe (Tawney Lecture 2006)
Ogilvie, Sheilagh - 2021
conflicts provide a better explanation than efficiency for the core economic institutions of pre-industrial Europe - serfdom …
Persistent link: https://www.econbiz.de/10013316895