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From Malthus to Solow: How did the Malthusian economy really evolve?

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Author Info
Crafts, Nicholas
Mills, Terence C.

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Abstract

This paper uses a variety of time-series methods and a new real wage series from [Clark, G., 2005. The condition of the working class in England, 1209 to 2004. Journal of Political Economy 113, 520 1307-1340.] to re-examine economic-demographic interactions in pre-industrial England. We confirm that there was a Malthusian economy in the sense that real wages were stationary until the end of the eighteenth century but we find that these was no positive check and that the preventive check broke down in the mid-seventeenth century so that Malthusian controls were absent from that point. There is no evidence of a positive feedback from increasing population size to technological progress as postulated by unified growth theory.

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Publisher Info
Article provided by Elsevier in its journal Journal of Macroeconomics.

Volume (Year): 31 (2009)
Issue (Month): 1 (March)
Pages: 68-93
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Handle: RePEc:eee:jmacro:v:31:y:2009:i:1:p:68-93

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Web page: http://www.elsevier.com/locate/inca/622617

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Keywords: Malthusian economy Preventive checks Positive checks Homeostasis;

Cited by:
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  1. Broadberry, Stephen, 2007. "Recent Developments In The Theory Of Very Long Run Growth : A Historical Appraisal," The Warwick Economics Research Paper Series (TWERPS) 818, University of Warwick, Department of Economics. [Downloadable!]
  2. Niels Framroze Møller & Paul Sharp, 2008. "Malthus in Cointegration Space: A new look at living standards and population in pre-industrial England," Discussion Papers 08-16, University of Copenhagen. Department of Economics. [Downloadable!]
  3. Quamrul Ashraf & Oded Galor, 2008. "Dynamics and Stagnation in the Malthusain Epoch: Theory and Evidence," Working Papers 2008-14, Brown University, Department of Economics. [Downloadable!]
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This page was last updated on 2009-11-7.


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