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Hardbound. In the tradition of the new economic history, this
collection includes seven carefully researched papers blending
systematic empirical research with consideration of broader
theoretical and analytical issues.
"Volume 18 of Research in Economic History" contains six
contributions, evenly divided between British and U.S. topics. The
first discusses the use of the Charity Commission Reports as a new
source for the study of British economic history. These data
challenge received wisdom on crowding out during the Napoleonic
Wars, the contributions of enclosures to agricultural productivity,
and the role of the Glorious Revolution in establishing secure
property rights. The second study revisits the more than century
old debate about whether nineteenth century industrialization in
Britain worsened or improved conditions for child labour. Data from
the Parliamentary Papers and the censuses of 1841, 1851 and 1871
confirm high labour force participation rates for older (but not
younger) children, particularly in textiles. The third paper
investigates the impact of fluctuations in the weather on
agricultural output in Britain, and consequently on the level of
GDP. Remaining on agricultural topics, but shifting venue to the
United States, the fourth essay explores the induced innovation
hypothesis using state data. The authors question many of the
stylized facts which have been adduced in support of the hypothesis
at the national level, and argue that state level investigations
permit greater sensitivity to the substantial geophysical and
factor price variation within the boundaries of the United States.
The fifth paper examines the role of the National Banking System in
reducing exchange rate variations (deviations from par) within the
United States. The final contribution considers the impact of the
introduction of two parallel but completely separate telegraph
systems on the operation of U.S. financial markets.
In the tradition of the new economic history, this collection
includes seven carefully researched papers blending systematic
empirical research with consideration of broader theoretical and
analytical issues.
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