In this paper, we re-examine the effect of smallpox on the height attained by those who suffered from this disease. To this end, we analyse a dataset assembled by Floud, Wachter and Gregory on the height of recruits into the Marine Society, 1770-1873. Using both time series and cross-sectional...

Razzell argues that the quality of smallpox recording in the Marine Society data set is so poor that ‘the impact of smallpox on average height cannot be settled by analysis of the Marine Society data set’. We believe that this grossly overstates the problems of the records, and is based on a...

Between them our critics span the entire range of this Journal’s readership. On the one hand Razzell accuses us of ‘the abandonment of traditional scholarly procedures’. He argues that our plight ‘will provide a salutary lesson for the new economic history. No amount of sophisticated...

The paper tests the hypothesis that the consistent neutrality of the Danish Monarchy during the great wars of the eighteenth century may have permanently increased the kingdom’s shipping in the Mediterranean. It does so by using data derived from Algerian Passport Registers for...

What determines risk-bearing capacity and the amount of leverage in financial markets? Using unique archival data on collateralized lending, we show that personal experience can affect individual risk-taking and aggregate leverage. When an investor syndicate speculating in Amsterdam in 1772 went...

The defaults of Philip II have attained mythical status as the origin of sovereign debt crises. We reassess the fiscal position of Habsburg Castile, deriving comprehensive estimates of revenue, debt, and expenditure from new archival data. The king’s debts were sustainable. Primary...