From Malthus to Solow: How did the Malthusian economy really evolve?
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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- N. F. R. Crafts & C. Knick Harley, 2002. "Precocious British Industrialization: A General Equilibrium Perspective," UWO Department of Economics Working Papers 200213, University of Western Ontario, Department of Economics.
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- David N. Weil & Oded Galor, 2000. "Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond," American Economic Review, American Economic Association, vol. 90(4), pages 806-828, September.Full references (including those not matched with items on IDEAS)
- Oded Galor & David N. Weil, 1999. "Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond," Working Papers 99-35, Brown University, Department of Economics.
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