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This paper empirically tests the hypothesis that landed elites may block technological change and economic development if they fear that they will lose future political power (Acemoglu and Robinson (2002, 2006, and 2012). It exploits a plausible exogenous change in the distribution of political...
Persistent link: https://www.econbiz.de/10011917048
Ireland on the eve of the Great Famine was a poor and backward economy. The Great Irish Famine of the 1840s is accordingly often considered the classic example of Malthusian population economics in action. However, unlike most historical famines, the Great Famine was not the product of a harvest...
Persistent link: https://www.econbiz.de/10012017575
database of 21,557 observations of wages and 30,000 observations of prices in rural Denmark for men, women and children, and … for both skilled and unskilled workers over the eighteenth century. We construct nominal wages and deflate them using …
Persistent link: https://www.econbiz.de/10012669508
available to the scholarly community a uniquely detailed database of 20,152 observations of wages and 30,000 observations of …. We the proceed to illustrate two potential applications. First, we construct nominal wages and deflate them using Allen …'s constant consumer baskets. Real wages exhibit a considerable fall with the introduction of serfdom, and other changes …
Persistent link: https://www.econbiz.de/10012669529
We examine the geography of cotton textiles in Britain in 1838 to test claims about why the industry came to be so heavily concentrated in Lancashire. Our analysis considers both first and second nature aspects of geography including the availability of water power, humidity, coal prices, market...
Persistent link: https://www.econbiz.de/10012669395
In this article, I use documents obtained from the NatWest Group archives to examine the work of Alexander Shand as a director of Parr's Bank during the period 1909-1918. A Scottish banker, Alexander Shand was recruited by the Japanese government early in his career to instruct Japanese...
Persistent link: https://www.econbiz.de/10014438435
'theory and practice of "management"'. It will demonstrate that, although not always applied effectively, the Bank's senior …
Persistent link: https://www.econbiz.de/10011524004
This paper quantifies the impact of the 1630-1631 Italian plague on the business activities of the Florentine merchant-bank Saminiati & Guasconi. Employing AI for handwriting recognition on over 6,000 bank letters we show that letters and goods transactions decreased by two-thirds when a...
Persistent link: https://www.econbiz.de/10015166017
Using textual analysis of 173,031 works printed in England between 1500 and 1900, we test whether British culture evolved to manifest a heightened belief in progress associated with science and industry. Our analysis yields three main findings. First, there was a separation in the language of...
Persistent link: https://www.econbiz.de/10014469371
Persistent link: https://www.econbiz.de/10010427365