Robinson 2002 reversal of fortune geography and

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: the Making of the Modern World Income Distribution,” Quarterly Journal of Economics, 118, 1231-1294. “Princes and Merchants: European City Growth before the Industrial Revolution,” J. Bradford De Long and Andrei Shleifer Journal of Law and Economics, Vol. 36, No. 2. (Oct., 1993), pp. 671-702. Living Standards We are interested in income per-capita because we think it connects to human welfare. Instead of approximating incomes, we could also try to look directly at living standards. One very fruitful source of information is wages. There is a lot of historical information about the wages that people were paid and the prices of the goods they consumed. Real wages may tell us a lot about living standards. Data on real wages is fairly consistent with the picture of living standards that comes from the Maddison data. James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and Historical Analysis September 2, 2009 6 / 19 Clark, Gregory (2005) “The Condition of the Working Class in England, 1209-2003,” Journal of Political Economy, 113, 1307-1340. Clark, Gregory (2005) “The Condition of the Working Cla...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online