As I've noted in previous posts, there has been a major debate in economic history in the past 20 years about what to make of the contrasts between economic development trajectories in Western Europe and East Asia since 1600. There had been a received view, tracing to Adam Smith and Thomas Malthus, that European "breakthrough" was …
Sen on well-being
In 1985 Amartya Sen published a very short book entitled Commodities and Capabilities. The book was reissued by Oxford after Sen received his Nobel Prize in Economic Sciences. The topic is at the core of Sen's economic and philosophical work. Most basically, he is asking Aristotle's question -- what is happiness? -- and is putting forward …
Historical GDP estimates for early modern China
Li Bozhong is one of China's most influential economic historians, and he is undoubtedly the most internationally connected. Much of his work in the past several decades has been devoted to constructing a detailed economic history of the lower Yangzi Delta (for example, Agricultural Development in Jiangnan, 1620-1850). His findings have been crucial empirical contributions to …
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The standard of living across time and space
A very basic question for historians is how to measure and compare the standard of living experienced by people in different historical settings. Is it possible to arrive at credible estimates of the standard of living in the Roman Empire, medieval Burgundy, nineteenth-century Britain, and twentieth-century Illinois? Can we say with any confidence that Romans …
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Transmitting technology
How do large technological advances cross cultural and civilizational boundaries? The puzzle is this: large technologies are not simply cool new devices, but rather complex systems of scientific knowledge, engineering traditions, production processes, and modes of technical communication. So transfer of technology is not simply a matter of conveying the approximate specifications of the device; …
Strategies of economic adaptation
Charles Sabel and Jonathan Zeitlin made a powerful case for there being alternative institutional forms through which modern economic development could have taken place in their 1985 article, "Historical Alternatives to Mass Production: Politics, Markets and Technology in Nineteenth-Century Industrialization" (link). In an important volume in 1997, World of Possibilities: Flexibility and Mass Production in …
Proto-industrialization
The concept of proto-industrialization became an influential one in economic history in the 1970s and 1980s. The term refers to a system of rural manufacture that was intermediate between autarchic feudal production and modern urban factory production. Variously described as rural manufacturing, domestic manufacture, cottage industry, and a "putting-out" system, it was a dispersed system …
Development economics in historical context
Hollis Chenery and T. N. Srinivasan published the Handbook of Development Economics in 1988. It was state-of-the-art in the late 1980s. It is interesting to look back at the Handbook twenty-two years later to see how it stands up today. First, the contributors. The volume is a dream-team of development thinkers from the 1970s and 1980s: Amartya …
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Prosperity based on commodities
An earlier post looked at economic prosperity and standard of living from the point of view of a grain-based agricultural economy. There I singled out intensive, extensive, and technology-based growth, and the effects these scenarios had on the standard of living for a farming population. This is a particularly simple case, since it equates standard …
Varieties of economic progress
The study of economic history reveals a number of different patterns when it comes to agricultural production and the standard of living of a given population in a region. Let's think about the issue in very simple terms. Imagine that the standard of living for a population in a region is determined by the amount …
Understanding Society 