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Persistent link: https://www.econbiz.de/10001531938
In 1795, the French Revolutionary government, in establishing our modern metric system, also established the metric values for the historic European mint weights of the ancien regime era. If those mint-weights are undoubtedly valid for the 18th century, can we be certain that all had remained...
Persistent link: https://www.econbiz.de/10001426086
This paper, a contribution to the 'proto-industrialisation' debate, examines the relative advantages of urban and rural locations for cloth manufacturing in later-medieval England and the Low Countries. From the 11th to the mid-14th century, when the English cloth trade began its seemingly...
Persistent link: https://www.econbiz.de/10001426102
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This paper re-examines Earl Hamilton`s famous 1929 thesis on "Profit Inflation"and the birth of modern industrial capitalism: namely, that the inflationary forces of the Price Revolution era produced a widening gap between prices and wages, thus providing industrial entrepreneurs with windfall...
Persistent link: https://www.econbiz.de/10001677461
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)....
Persistent link: https://www.econbiz.de/10002019482
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