The Library
The early modern great divergence: wages, prices and economic development in Europe and Asia, 1500-1800
Tools
Tools
Tools
Broadberry, Stephen and Gupta, Bishnupriya (2005) The early modern great divergence: wages, prices and economic development in Europe and Asia, 1500-1800. Discussion Paper. London: Centre for Economic Policy Research (Great Britain). Discussion paper (Centre for Economic Policy Research (Great Britain)) (No.494).
![[img]](http://wrap.warwick.ac.uk/style/images/fileicons/application_pdf.png)
|
PDF
WRAP_Broadberry_CEPR-DP4947[1].pdf - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader Download (292Kb) |
Official URL: http://www.cepr.org/pubs/new-dps/dplist.asp?dpno=4...
Abstract
Contrary to the claims of Pomeranz, Parthasarathi and other ‘world historians’, the prosperous parts of Asia between 1500 and 1800 look similar to the stagnating southern, central and eastern parts of Europe rather than the developing northwestern parts. In the advanced parts of India and China, grain wages were comparable to those in northwestern Europe, but silver wages, which conferred purchasing power over tradable goods and services, were substantially lower. The high silver wages of northwestern Europe were not simply a monetary phenomenon, but reflected high productivity in the tradable sector. The ‘Great Divergence’ between Europe and Asia was already well underway before 1800.
| Item Type: | Working or Discussion Paper (Discussion Paper) | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions D History General and Old World > D History (General) > D901 Europe (General) D History General and Old World > DS Asia |
||||
| Divisions: | Faculty of Social Sciences > Economics | ||||
| Library of Congress Subject Headings (LCSH): | Economic development -- Europe, Economic development -- Asia, Wages -- History, Prices -- History, Europe -- Economic conditions -- To 1800, Asia -- Economic conditions -- To 1800 | ||||
| Series Name: | Discussion paper (Centre for Economic Policy Research (Great Britain)) | ||||
| Publisher: | Centre for Economic Policy Research (Great Britain) | ||||
| Place of Publication: | London | ||||
| Official Date: | March 2005 | ||||
| Dates: |
|
||||
| Number: | No.494 | ||||
| Number of Pages: | 49 | ||||
| Institution: | University of Warwick | ||||
| Status: | Not Peer Reviewed | ||||
| Access rights to Published version: | Open Access | ||||
| URI: | http://wrap.warwick.ac.uk/id/eprint/1709 |
Request changes or add full text files to a record
Actions (login required)
 |
View Item |
Downloads
Downloads per month over past year
