In England, across the whole period of the Great Debasement, the mint issued six different kinds of silver coins and three kinds of gold coins. According to Gresham’s Law, coins with the same face value but different intrinsic values can not circulate side by side for too long: only those...

Leaving home and entering service was a key transition in early modern England. This paper presents evidence on the age of apprenticeship in London. Using a new sample of 22,156 apprentices bound between 1575 and 1810, we find that apprentices became younger (from 17.4 to 14.7 years) and more...

This paper revisits the question of debasement by analysing a newly compiled dataset with a novel approach, as well as employing conventional methods. It finds that mercantile influence on monetary policies favoured relative stability, and wage-payers did not typically gain from silver...

A significant but uneven spurt of industrialization started in China during the first three decades of the 20th century at a time of political instability and national disintegration. This article argues that economic growth during this period was closely associated with the rise and expansion...

n analyses of British productivity performance in the 1930s, we have argued that the policy framework adopted in response to macroeconomic shocks was understandable and quite effective in ameliorating short-term adjustment problems but harmful in terms of its long-run supply side implications...

Design standards are carriers and creators of facts, enabling facts about product value to travel between groups, and assisting in the creation of product value by establishing a reference or comparison against which product attributes are compared. However, when design standards are not...

This paper uses a stochastic cost frontier model to investigate the efficiency of Britain’s private railways during the period 1893-1912. We find that there was substantial inefficiency in the industry with no sign of reduction over time. Our main conclusion is that principal agent problems...

Dr Gordon Daniels, Reader in History at the University of Sheffield, presented his paper on the Social History of Occupied Japan at a one-day workshop on the Teaching of Japanese Economic and Social History, held at the Suntory-Toyota International Centre on 16 May 1990. We are grateful to Dr...