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Floods

In: Barriers to Growth

Author

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  • Eric L. Jones

    (University of Buckingham)

Abstract

Literature on floods describes physical losses but neglects changes in the capital at risk. The propensity for flooding is best reflected in drainage schemes. The history of the East Anglian Fens is commonly over-emphasised and the role of the Dutch exaggerated. Allowing for these distortions, examples can be assembled to reveal peaks in major projects about 1600 and 1800, and to ask why the mid-eighteenth century ‘agricultural revolution’ was by-passed. A second issue is how viable was the undrained wetlands economy dependent on natural resources. Adequate in its own terms, it was concerned with income equality rather than economic efficiency; the traditional system was not as expansible or productive as farming on drained land.

Suggested Citation

  • Eric L. Jones, 2020. "Floods," Palgrave Studies in Economic History, in: Barriers to Growth, chapter 0, pages 109-123, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-44274-3_13
    DOI: 10.1007/978-3-030-44274-3_13
    as

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