concludes with four lessons of history and an agenda for international economists, including more attention to the impact of …

abundant Europe and the high-wage, labor scarce New World. Those global forces contributed to a reduction in unskilled labor … scarcity in the New World and to a rise in unskilled labor scarcity in Europe. Thus, it contributed to rising inequality in … overseas countries, like the United States, and falling inequality in most of Europe. Falling unskilled labor scarcity and …

spice markets were already well integrated with those in Iberia and northern Europe, implying that Portugal could not have … relative spice prices, that is, accounting for inflation. It also draws on evidence from Iberia and northern Europe. In …