Questions tagged [economic-history]

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What are some historical examples of laissez-faire capitalism?

I suspect both supporters and detractors of laissez-faire capitalism have some historical examples in mind that they consider reasonably close to an ideal or to a "natural experiment". (The examples ...
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Did capitalism exist before the 18th century?

Were there capitalistic economies before the 18th century?
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List of important business and economic news events between 1850 and 1930?

I'm collecting data on important business and economic news dates in the late 19th to early 20th century. The only list I found is this: https://www.encyclopedia.com/history/news-wires-white-papers-...
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Is “laissez faire capitalism” what was practiced in economies before the advent of capitalism? [duplicate]

Is "laissez faire capitalism" what economies were before the advent of capitalism?
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How did the purported 2008 decoupling of emerging markets pan out?

One opinion voiced (in The Economist) around the 2008 recession was that: Decoupling does not mean that an American recession will have no impact on developing countries. That would be daft. The ...
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Historically has the “decoupling” of world trade from GDP not lead to (or deepened) a recession?

The ECB speaks (somewhat euphemistically, in my opinion) of a "decoupling" of world trade from "activity" (i.e. GDP) in Q1 2019: Historically, has it been the case that such a "decoupling" can last, ...
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Research and development data before 1970 for United States

I'm looking for expenditure of research and development data per sector or averaged across all sectors from the United States prior to 1970 either in absolute values or in percentage of GDP.
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43 views

rental cost of capital

I am estimating time series for rental price of capital using Hall-Jorgenson method: $$r=\frac{P_k}{P}(i-inf+\delta)$$ here, $r$ is the rental cost of capital, $P_k$ is the price of capital goods (...
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What is “industrial capitalism”?

What's the difference between "industrial capitalism" and "agrarian capitalism" and "mercantilism" and the "industrial revolution" and the 20th century ideas of "Keynesianism"? Is agrarian capitalism-...
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Was there a time when economists “generally described” the 1920s “as being years of increasing protectionism”?

In Paul Bairoch's Economics & World History - Myths and Paradoxes (1993), the very first myth he tackles is this: the 1920s are generally described as being years of increasing protectionism. ...
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How long did it take before the Hawley–Smoot Tariffs reached their peak effect on US growth?

I understand that this may still be a contentious issue, but are there some estimates how long it took before the Hawley–Smoot Tariffs impacted US growth significantly and/or how long it took for them ...
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Was Haiti the richest society in the world in the late 18th century?

Samuel Bowles writes: At the close of the eighteenth century ... Haiti was probably the richest society in the world. Is the above claim true?
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Stock market's obsession with growth of all companies?

I understand the stock market is a useful place to gain capital which allows further growth of a company. But it seems to me that even companies that have been on the stock market a while, appear to ...
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Greek mathematics' application in the early economic theories

I am writing about the development of mathematics in the Ancient Greece as an assigment and I have to include its relation with economics. However, I lack of sources for this topic and I only found ...
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What were the limits of trade and exchange in the Soviet Union? What about other communist countries?

I'm particularly wondering about what implications the abolition of private property had for families. Since private property was to be abolished, I assume houses were not legally allowed to be traded ...
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Key points for a speech on Capitalism [closed]

I was given an English task in which the teacher has asked us to do a presentation/speech on Capitalism. The thing is he didn't specify which aspects (historical, economical and the political) we ...
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Who was the inventor of Utility function?

To my knowledge, the idea of representing weak-order with a function dates back to Cantor. So my questions are: 1) Was Cantor the first person to rigorize these kinds of representation? 2) Were ...
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How did Wells Fargo intend to profit by opening up two million fake accounts?

In 2016 Wells Fargo was fined $185 million dollars by the Consumer Financial Protection Bureau for opening up two million fake accounts, that is accounts without their customers permission. Q. How ...
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Was Marx influenced by Ibn Khalduns Muqaddimah?

The following passage is in Ibn Khalduns Muqaddimah: One of the greatest injustices and one contributing most to the destruction of civilisation is the unjustified imposition of tasks and the use ...
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Does the Italian national debt really go all the way back to Mussolini's excessive prewar spending?

The WWI & WWII debt is quite well defined in the UK for example and quite shocking how many years it took to pay off. Somebody told me that the Italian debt crisis really goes all the way back ...
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Military expenditure over time

The following graph from the world bank website shows the world wide military expenditure in percentage of the world GDP over time from 1988 to 2015 I am trying to find similar data over a much ...
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How much did it 'cost' slave-owning nations to emancipate the slaves as a percentage of GDP?

According to this article in the Guardian the UK Treasury tweeted this year: "Did you know that in 1833, Britain used £20 million pounds - which amounted to 40% of the UK GDP to buy freedom for all ...
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What are some great economic reforms from the Middle Ages / the Ancient History?

Is there any great economic structural reforms, which date back to the Middle Ages or to the Ancient times?
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275 views

Was the average person no better off in 1800 than in 100,000 BC?

I was somewhat surprised by the following claims by Gregory Clark in A Farewell to Alms, A Brief Economic History of the World (2007): the average person in the world of 1800 was no better off than ...
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How could the Roman sestertii/sesterces be converted into modern terms (say 2017 US$)?

Of course, the value of the sesterti must itself have fluctuated over the centuries it was in use. And so if I must narrow it down, I am particularly interested in its value during the time of ...
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160 views

What are good books on economic world history?

I am trying to find a book that covers human history with a special focus on economics. It should answer questions like: What economic systems prevailed during which eras? How did these systems work ...
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Was the Concorde project an example of the sunk-cost fallacy?

The sunk-cost fallacy has also been dubbed the Concorde Fallacy. Examples of the Concorde Fallacy in the academic literature and beyond I believe Dawkins and Carlisle (1976) were the first to use ...
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Industrial Revolution: Induced technical change and factor shares

I have been reading about various explanations for the British industrial revolution. A strand of research lead by Allen (2009) tries to provide an incentives based explanation whereby high wage and ...