Showing 1 - 10 of 3,620
This paper tests for speculative bubbles in the medieval English property market based on a unique hand-collected dataset from the feet of fines spanning the fourteenth and fifteenth centuries. We focus on asset types where there are sufficiently large numbers of transactions each year to make a...
Persistent link: https://www.econbiz.de/10012923655
This paper re-examines the late medieval market in freehold land, the extent to which it was governed by market forces as opposed to political or social constraints, and how this contributed to the commercialisation of the late medieval English economy. We employ a valuable new resource for...
Persistent link: https://www.econbiz.de/10012933465
This paper examines the effect of the early adoption of technology on the evolution of human capital and on industrialization, in the context of Britain’s Industrial Revolution. It shows that wrights, a group of highly skilled mechanical craftsmen, who specialized in water-powered machinery in...
Persistent link: https://www.econbiz.de/10014103183
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/10010528371
This paper presents new estimates of total factor productivity growth in Britain for the period 1770-1860. We use a … sources, that productivity growth during the British Industrial Revolution was relatively slow. During the years 1770 …-1800, TFP growth was close to zero, according to our estimates. The period 1800-1830 experienced an acceleration of productivity …
Persistent link: https://www.econbiz.de/10014143972
Persistent link: https://www.econbiz.de/10001256122
Persistent link: https://www.econbiz.de/10003628534
Previous work has demonstrated the potential for wheat market integration between the US and the UK before the 'first era of globalization' in the second half of the nineteenth century. It was however frequently interrupted by policy and 'exogenous' events such as war. This paper adds Canada to...
Persistent link: https://www.econbiz.de/10012669553
In the four decades leading up to World War I, a significant proportion of British aristocrats married daughters of newly rich American business magnates. I provide a quantitative economic analysis of this phenomenon in the deeper context of British aristocratic marriages during the 18th and...
Persistent link: https://www.econbiz.de/10013224625
In the 19th century, the Liverpool Cotton Brokers Association (CBA) coordinated the dramatic growth of Liverpool's raw cotton market. This article shows how the CBA achieved this through the development of a private order institutional framework that improved information flows, introduced...
Persistent link: https://www.econbiz.de/10012387913