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Persistent link: https://www.econbiz.de/10012470258
David Ricardo initially believed machinery would help workers but revised his opinion, likely based on the impact of automation in the textile industry. Despite cotton textiles becoming one of the largest sectors in the British economy, real wages for cotton weavers did not rise for decades. As...
Persistent link: https://www.econbiz.de/10014544695
. Higher efficiency in Europe is seen only in the nineteenth century when industrialization was already underway. Moreover …Prevailing views suggest the Industrial Revolution began in Europe because markets had gradually become more efficient … compares the actual performance of markets in Europe and China, two regions of the world that were relatively advanced in the …
Persistent link: https://www.econbiz.de/10012467912
As measured by the pace of city growth in western Europe from 1000 to 1800. absolutist monarchs stunted the growth of …
Persistent link: https://www.econbiz.de/10012474688
In the centuries leading up to the Industrial Revolution, Western Europe gradually pulled ahead of other world regions … explain the rise of Europe relative to regions that relied on the transmission of knowledge within extended families or clans …
Persistent link: https://www.econbiz.de/10012456543
We examine the importance of geographical proximity to coal as a factor underpinning comparative European economic development during the Industrial Revolution. Our analysis exploits geographical variation in city and coalfield locations, alongside temporal variation in the availability of...
Persistent link: https://www.econbiz.de/10012458861
, raising average wages significantly, which in turn facilitated industrialization. We analyze the rise of this first socio …
Persistent link: https://www.econbiz.de/10012461343
We construct a simple model where political elites may block technological and institutional development, because of a 'political replacement effect'. Innovations often erode elites' incumbency advantage, increasing the likelihood that they will be replaced. Fearing replacement, political elites...
Persistent link: https://www.econbiz.de/10012469884
opportunities to access elite status than Premodern Europe, for example via the civil service exam and the absence of hereditary … differences in the power structure of society: (1) the Ruler enjoyed weaker absolute power in Europe; (2) the People were more on … differences between Imperial China and Premodern Europe, as well as specific institutions such as the bureaucracy in China and the …
Persistent link: https://www.econbiz.de/10012482621
European parliaments--a blueprint for Western Europe's institutional framework that promoted state-formation and economic …
Persistent link: https://www.econbiz.de/10014576570