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Shleifer, Andrei - 1998

costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free … enterprise. The great economists of the 1930s and 1940s failed to see the dangers of socialism in part because they focused on … the role of prices under socialism and capitalism and ignored the enormous importance of ownership as the source of …

Persistent link: https://www.econbiz.de/10012472146

Division of Labor and the Rise of Cities : Evidence from U.S. Industrialization, 1850-1880

Kim, Sukkoo - 2006

Industrial revolution in the United States first took hold in rural New England as factories arose and grew in a handful of industries such as textiles and shoes. However, as factory scale economies rose and factory production techniques were adopted by an ever growing number of industries,...

Persistent link: https://www.econbiz.de/10012466422

Industrialization and Urbanization : Did the Steam Engine Contribute to the Growth of Cities in the United States?

Kim, Sukkoo - 2005

Industrialization and urbanization are seen as interdependent processes of modern economic development. However, the exact nature of their causal relationship is still open to considerable debate. This paper uses firm-level data from the manuscripts of the decennial censuses between 1850 and...

Persistent link: https://www.econbiz.de/10012467479

Path Dependence and the Origins of Cotton Textile Manufacturing in New England

Rosenbloom, Joshua L. - 2002

During the first half of of the nineteenth century the United States emerged as a major producer of cotton textiles. This paper argues that the expansion of domestic textile production is best understood as a path- dependent process that was initiated by the proetction provided by the Embargo...

Persistent link: https://www.econbiz.de/10012469528

The Transition to a New Economy After the Second Industrial Revolution

Atkeson, Andrew - 2001

During the Second Industrial Revolution, 1860-1900, many new technologies, including electricity, were invented. These inventions launched a transition to a new economy, a period of about 70 years of ongoing, rapid technical change. After this revolution began, however, several decades passed...

Persistent link: https://www.econbiz.de/10012470039

Location and Technological Change in the American Glass Industry During the Late Nineteenth and Early Twentieth Centuries

Lamoreaux, Naomi R. - 1997

Scholars have attempted to explain geographic clustering in inventive activity by arguing that it is connected with clustering in production or new investment. They have offered three possible reasons for this link: because invention occurs as a result of learning by doing; because new...

Persistent link: https://www.econbiz.de/10012472886

Externalities and Industrial Development

Henderson, J. Vernon - 1994

Using a panel data set of county-level employment in machinery, electrical machinery, primary metals, transportation, and instruments, this paper analyzes the role of dynamic externalities for individual industries. Key issues examined include the role of externalities from own industry...

Persistent link: https://www.econbiz.de/10012474195

Debt into Growth : How Sovereign Debt Accelerated the First Industrial Revolution

Ventura, Jaume - 2015

Why did the country that borrowed the most industrialize first? Earlier research has viewed the explosion of debt in 18th century Britain as either detrimental, or as neutral for economic growth. In this paper, we argue instead that Britain's borrowing boom was beneficial. The massive issuance...

Persistent link: https://www.econbiz.de/10012457387

Corporation Law and the Shift toward Open Access in the Antebellum United States

Hilt, Eric - 2015

This paper analyses the general incorporation statutes for manufacturing firms adopted by the American states up to 1860. Prior to the enactment of a general law, a business could only incorporate by obtaining a special act of their state legislature; general statutes facilitated incorporation...

Persistent link: https://www.econbiz.de/10012457472

The Spread of Manufacturing to the Poor Periphery 1870---2007

Bénétrix, Agustín S. - 2012

This paper documents industrial output growth around the poor periphery (Latin America, the European periphery, the Middle East and North Africa, Asia, and sub-Saharan Africa) between 1870 and 2007. We find that although the roots of rapid peripheral industrialization stretch into the late 19th...

Persistent link: https://www.econbiz.de/10012460439

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