The early modern marketplace and its colonial encounter:A journey through early modern trading spaces --The market turned upside down --Remaking the marketplace:Making a colonial marketplace --The resurgence of early modern market value --Confronting the colonial marketplace:Revolution in the...

A growing literature suggests that high-income countries export high-quality goods. Two hypotheses may explain such specialization, with different implications for welfare, inequality, and trade policy. Fajgelbaum, Grossman, and Helpman (JPE 2011) formalize the Linder (1961) conjecture that home...