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How much of Britain's high living standards and military power compared to its competitors in 1850 should be attributed to Britain having first experienced the Industrial Revolution? Examining data on real wages in the north and south of England, the Netherlands and Ireland in the Industrial...
Persistent link: https://www.econbiz.de/10008620470
The English Old Poor Law, which before 1834 provided welfare to the elderly, children, the improvident, and the unfortunate, was a bête noire of the new discipline of Political Economy. Smith, Bentham, Malthus and Ricardo all demanded its abolition. The Poor Law Amendment Act of 1834, drafted...
Persistent link: https://www.econbiz.de/10008620475
Fundamental to the Malthusian model of pre-industrial society is the assumption that higher income increased reproductive success. Despite the seemingly inescapable logic of this model, the empirical support for this vital assumption in the preindustrial world is weak. Here we examine the...
Persistent link: https://www.econbiz.de/10008620482
The paper uses building workers’ wages 1209-2004, and the skill premium, to consider the causes and consequences of the Industrial Revolution. Real wages were trendless before 1800, as would be predicted for the Malthusian era. Comparing wages with population, however, suggests 1640 actually...
Persistent link: https://www.econbiz.de/10008620504
The paper forms three series for English farm workers 1209-1869: nominal day wages, the implied marginal product of a day of farm labour, and the purchasing power of a days’ wage in terms of farm workers’ consumption. These series suggest that labour productivity in English agriculture was...
Persistent link: https://www.econbiz.de/10008620522
Persistent link: https://www.econbiz.de/10008852221
Persistent link: https://www.econbiz.de/10008765403
What were income trends before the Industrial Revolution? Clark (2007b) argued on both theoretical and empirical grounds that pre-industrial income was fluctuating but trendless, a position Gunner Persson has labeled “the Malthus Delusion.” Steve Broadberry and Bruce Campbell, in support of...
Persistent link: https://www.econbiz.de/10008678266
A Farewell to Alms argued based on wages, rents and returns on capital that the English by 1800 were no wealthier than in 1400. An argument against this has been the supposed consumer revolution of 1600-1750. Since ordinary families by 1750 begin routinely consuming former luxury goods, income...
Persistent link: https://www.econbiz.de/10008678271
Occupations listed in wills reveal that as early as 1560 effectively only 60% of the English engaged in farming. Even by 1817, well into the Industrial Revolution, the equivalent primary share, once we count in food and raw material imports, was still 52%. By implication, incomes in...
Persistent link: https://www.econbiz.de/10008678278