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Civil War and Willingness to Pay for Independence: The American Revolution

  • Paul Hallwood

    (University of Connecticut)

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.

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File URL: http://web2.uconn.edu/economics/working/2011-15.pdf
File Function: Full text
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Paper provided by University of Connecticut, Department of Economics in its series Working papers with number 2011-15.

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Length: 27 pages
Date of creation: Jul 2011
Date of revision:
Handle: RePEc:uct:uconnp:2011-15
Contact details of provider: Postal: University of Connecticut 365 Fairfield Way, Unit 1063 Storrs, CT 06269-1063
Phone: (860) 486-4889
Fax: (860) 486-4463
Web page: http://www.econ.uconn.edu/

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  1. 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.
  2. Viscusi, W. Kip & Moore, Michael J., 1989. "Rates of time preference and valuations of the duration of life," Journal of Public Economics, Elsevier, vol. 38(3), pages 297-317, April.
  3. 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.
  4. Wittman, Donald, 1991. "Nations and States: Mergers and Acquisitions; Dissolutions and Divorce," American Economic Review, American Economic Association, vol. 81(2), pages 126-29, May.
  5. Taylor, George Rogers, 1964. "American Economic Growth Before 1840: An Exploratory Essay," The Journal of Economic History, Cambridge University Press, vol. 24(04), pages 427-444, December.
  6. 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.
  7. Moore, Michael J. & Viscusi, W. Kip, 1990. "Discounting environmental health risks: New evidence and policy implications," Journal of Environmental Economics and Management, Elsevier, vol. 18(2), pages S51-S62, March.
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