From Malthus to Solow: how did the Malthusian economy really evolve?
Crafts, N. F. R. and Mills, Terence C.. (2009) From Malthus to Solow: how did the Malthusian economy really evolve? Journal of Macroeconomics, Vol.31 (No.1). pp. 68-93. ISSN 0164-0704Full text not available from this repository.
Official URL: http://dx.doi.org/10.1016/j.jmacro.2007.08.007
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 1131 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. (C) 2007 Elsevier Inc. All rights reserved.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|Divisions:||Faculty of Social Sciences > Economics|
|Journal or Publication Title:||Journal of Macroeconomics|
|Publisher:||Elsevier BV * North-Holland|
|Official Date:||March 2009|
|Number of Pages:||26|
|Page Range:||pp. 68-93|
|Access rights to Published version:||Restricted or Subscription Access|
Actions (login required)