Religion was one of the factors that was frequently identified by seventeenth- and eighteenth-century economists as exerting an important influence on the pre-industrial European economies. These writers were especially interested in the economic effects of the Reformation on the economic...

An influential literature in early modern economic history uses “distance from” as an instrumental or a control variable. I show that “distance from Wittenberg” and “distance from Mainz,” two prominent instruments for the adoption of Protestantism and printing technology, have...

This research note/paper examines several factors that have been mentioned and debated as determinants of how Britain moves from feudalism to mercantilism and then to capitalism by way of agricultural and industrial innovations and also how it arrives at the cusp of the industrial revolution. Of...

One of the most common myths in European economic history, and indeed in Economics itself, is that the Black Death of 1347-48, followed by other waves of bubonic plague, led to an abrupt rise in real wages, for both agricultural labourers and urban artisans – one that led to the so-called...

The traditional and almost universal method of expressing real wages is by index numbers, according to the formula: RWI = NWI/CPI: i.e., the real wage is the quotient of the nominal (money) wage index divided by the consumer price index, all employing a common base period (here: 1451-75 = 100)....

The article responds to Daniele and Malanima’s harsh criticism (Perché il Sud è rimasto indietro? Il Mezzogiorno fra storia e pubblicistica, Rivista di Storia Economica, 2014, n. 1) of my last book (Perché il Sud è rimasto indietro, Il Mulino, 2013), about the reconstruction of regional...

Focusing on the urban context of Verona (a major city in the Venice Republic) during the XVIII century, the paper aim to clarify if, and in which measure, the cost of living of the employed population changed along the century. Instead of simply analyzing salaries and prices, the Author built a...

In this paper I present the cause of the rise and decline of the Polish-Lithuanian Commonwealth. The main driving force was Polish grain trade over the Baltic. At the beginning, Polish grain was vital for Western Europe thus the Commonwealth was able to make significant profits and obtain...