Civil War and Willingness to Pay for Independence: The American Revolution
This paper uses a similar theoretical approach to that in the modern literature on the propagation of civil wars to assess the causes of the American Revolution. Economic causes are weighed relative to political causes as a contribution to the more than 200-year inconclusive debate among historians as to why the Americans rebelled. The key question investigated is whether the economic benefit of leaving the Empire was great enough to warrant bearing the expected cost of war with Great Britain? The main finding is “no”, and that political grievances must have played the predominant role in sparking the American Revolution.
|Date of creation:||Jul 2011|
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- Whaples, Robert, 1995. "Where Is There Consensus Among American Economic Historians? The Results of a Survey on Forty Propositions," The Journal of Economic History, Cambridge University Press, vol. 55(01), pages 139-154, March.
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- Thomas, Robert Paul, 1965. "A Quantitative Approach to the Study of the Effects of British Imperial Policy upon Colonial Welfare: Some Preliminary Findings," The Journal of Economic History, Cambridge University Press, vol. 25(04), pages 615-638, December.
- Shanmugam, K. R., 2006. "Rate of time preference and the quantity adjusted value of life in India," Environment and Development Economics, Cambridge University Press, vol. 11(05), pages 569-583, October.
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