MUNRO, John H. - University of Toronto, Department of Economics - 2012
depopulation (falling perhaps from ca. 1320) - by about 50% in England ca. 1450 - drastically altered the land:labour ratio so that … costs of foodstuffs. As Ricardo had argued, a population decline necessarily led to lower grain prices, reduced rents, as … taken from both England and Flanders (up to ca. 1500): i.e., from both a basically rural agrarian economy (England) and a …