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Although we cannot conceive of processes of economic growth that do not involve institutional change, in this essay we outline some reasons why one should be cautious about grounding a theory of growth on institutions. We emphasize how very different institutional structures have often been...
Persistent link: https://www.econbiz.de/10013323986
The Erie Canal was a mammoth public works project undertaken largely because the scope of the investment was beyond what a private firm could manage during the early 19th century. As with most public works, there were ample opportunities for public officials to realize private gains from the...
Persistent link: https://www.econbiz.de/10013223080
This paper is a progress report on the usefulness of data on physical height for the analysis of long-ten changes in the level of nutrition and health on economic, social, and demographic behavior. It is based on a set of samples covering the U.S. and several other nations over the years from...
Persistent link: https://www.econbiz.de/10013224373
Whereas traditional explanations of differences in long-run paths of development across the Americas generally point to the significance of differences in national heritage or religion, we highlight the relevance of stark contrasts in the degree of inequality in wealth, human capital, and...
Persistent link: https://www.econbiz.de/10013232422
Over the last few years, colonialism, especially as pursued by Europeans, has enjoyed a revival in interest among both scholars and the general public. Although a number of new accounts cast colonial empires in a more favorable light than has generally been customary, others contend that...
Persistent link: https://www.econbiz.de/10013239197
Many scholars are concerned with why the U.S. and Canada have been so much more successful over time than other New World economies. Since all New World societies enjoyed high levels of product per capita early in their histories, the divergence in paths can be traced back to the achievement of...
Persistent link: https://www.econbiz.de/10013243405
Most analysis of how the distribution of political power affects the patterns of growth has been confined to the late-twentieth century. One problem associated with a focus on the modern record is that processes that take place over the long run are not examined. We may all agree that...
Persistent link: https://www.econbiz.de/10013235270
In nineteenth century America, most employment, particularly that in agriculture, was highly seasonal. Thus the movement of labor from outdoor to indoor must have increased labor hours and days per year, thereby resulting in higher national income and greater economic growth. We provide the...
Persistent link: https://www.econbiz.de/10013218552