THE NEW COMPARATIVE ECONOMIC HISTORY 2007 (H) (ESSAYS IN HONOR OF JEFFREY G. WILLIAMSON)
|The innovative approach to economic history known as the New Comparative Economic History represents a distinct change in the way that many economic historians view their role, do their work, and interact with the broader economics profession. The New Comparative Economic History reflects a belief that economic processes can best be understood by systematically comparing experiences across time, regions, and, above all, countries. It is motivated by current questions that are not nation specific--the sources of economic growth, the importance of institutions, and the impact of globalization--and focuses on long-run trends rather than short-run ups and downs in economic activity. The essays in this volume offer a New Economic Comparative History perspective on a range of topics and are written in honor of Jeffrey G. Williamson, the most distinguished and influential scholar in the field.
The contributors, prominent American and European economists, consider such topics as migration, education, and wage convergence; democracy and protectionism in the nineteenth century; trade and immigration policies in labor-scarce economies; and the effect of institutions on European productivity and jobs.
Table Of Contents
Introduction: The New Comparative Economic History
Timothy J. Hatton, Kevin H. O'Rourke and Alan M. Taylor 1
1 India in the Great Divergence
Robert C. Allen 9
2 What Made Britannia Great? How Much of the Rise of Britain to World Dominance by 1850 Does the Industrial Revolution Explain?
Gregory Clark 33
3 Did European Commodity Prices Converge during 1500–1800?
Suleyman Ozmucur and Sevket Pamuk 59
4 Market Integration and Convergence in the World Wheat Market, 1800-2000
Giovanni Federico and Karl Gunnar Persson 87
5 Biological Globalization
The Other Grain Invasion
Alan L. Olmstead and Paul W. Rhode 115
6 Other People's Money
Richard S. Grossman 141
7 Education, Migration, and Regional Wage Convergence in U.S. History
William J. Collins 165
8 Democracy and Protectionism
Kevin H. O'Rourke and Alan M. Taylor 193
9 A Dual Policy Paradox
Why Have Trade and Immigration Policies Always Differed in Labor-Scarce Economies
Timothy J. Hatton and Jeffrey G. Williamson 217
10 Breaking the Fetters
Why Did Countries Exit the Interwar Gold Standard?
Holger C. Wolf and Tarik M. Yousef 241
11 Were Jews Political Refugees or Economic Migrants?
Assessing the Persecution Theory of Jewish Emigration, 1881–1914
Leah Platt Boustan 267
12 Inequality and Poverty in Latin America
A Long-Run Exploration
Leandro Prados de la Escosura 291
13 The Convergence of Living Standards in the Atlantic Economy, 1870-1930
George R. Boyer 317
14 You Take the High Road and I'll Take the Low Road
Economic Success and Well-Being in the Longer Run
Assisted by Cormac O Grada 343
15 Euro-Productivity and Euro-Jobs since the 1960s
Which Institutions Really Mattered?
Gayle J. Allard and Peter H. Lindert 365
Lawrence H. Summers 395