James a robinson harvard the emergence of modern

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Unformatted text preview: ed to extract rents from Africans. James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and Historical Analysis: L September 28, 2009 11 / 25 Feudal Power and Mill Prices What was it that allowed the Spanish settlers in Mexico to keep wages so low, when in England after the Black Death the state had been incapable of enforcing the Statue of Laborers and stopping wages rising? The economic historian Bruce Campbell has proposed that this may have been because of the di¤erential organization of landholdings in Britain which increased competition between landowners for workers after the Black Death. The next Figure shows the prices of Mills in di¤erent parts of England. These were owned by Lords and valued on their death. James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and Historical Analysis: L September 28, 2009 12 / 25 Mean value of Mills owned by Lords as valued upon their death 1300-1349 Source: Campbell, Bruce and Ken Bartley (2006) England on the Eve of the Black Death: An Atlas of Lay Lordship, Land and wealth, 1300-1349...
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