DEADLINE: 24 Hours
Topic: Writers Choice, stick to Europe though.
-refer to the Added file for thorough instructions
-Only thing I ask is to use academic sources
Professor Eugene N. White
Department of Economics
New Jersey Hall 301c
Mondays 11-12 am, Wednesdays 3-4 pm
or by appointment
The research paper should be an empirical study of any topic in European Economic History. It should be approximately 30 pages in length. The extensive reading list is intended as a starting point for selecting a topic, although students may choose other issues. Each paper should include a clear statement of the problem, controversy, policy or event. A brief survey of the literature should follow. For the empirical part, the data, theoretical approach, and quantitative methods should be described before presenting the results, implications and conclusions. Towards the end of the course, you will have an opportunity to present your research to the class.
Class Participation (20%),
Topic for Term Paper Due: February 4
Take Home Exam, typed, (20%) Due Feb 18
Term Paper Abstract and Bibliography Due March 4
Term Paper, Due April 29 (40%)
Take Home Exam, typed Due May 6 (20%)
Jan 18 Why Study Economic History?
Jan 21 No Class
Jan 25 Why Are We So Rich and They So Poor? Issues of Measurement
Jan28 The First Wave–Dimensions
Feb1 The First Wave–Productivity
Feb 4 Before the Industrial Revolution–Agriculture
Feb 8 Before the Industrial Revolution—Why Was Growth Slow?
Feb 11 Poverty and Famine
Feb 15 The Standard of Living: Heights and Health
Feb 18 The Spread of Economic Growth?
Feb 22 When Did Globalization Begin?
Feb 25 Free Trade or Protection?
Mar 1 International Capital Markets
Mar 4 Does Finance Matter for Growth: Banks v. Markets
Mar 8 Does Finance Matter? Are there Financial Revolutions?
Mar 11 No Class
Spring Break March 12-20
March 22 Does Finance Matter? Country Studies
March 25 Does Finance Matter? Industry Studies
Mar 29 Bubbles? Manias?
April 1 War and Economic Growth
April 5 How to Finance a War
Apr 8 Reparations: Making the Loser Pay
Apr 15 Presentation of Research Papers
Apr 19 Presentation of Research Papers
Apr 22 Presentation of Research Papers
Apr 26 Presentation of Research Papers
Apr 27 Last Day of Class: The 2nd Half of the 20th Century, Final Papers Due
Exam May 6
Donald McCloskey, “Does the Past Have Useful Economics? (June 1976), pp. 434-461.
Christina Romer, “The End of Economic History?” (Winter 1994), pp. 49-66.
Claudia Goldin, “Cliometrics and the Nobel,” 9 (Spring 1995), pp. 191-208.
David Landes, “Why Are We so Rich and They So Poor,” (May 1990), pp. 1-13.
Paul M. Romer, “Why, Indeed, in America? Theory, History and the Origins of Modern Economic Growth,” (May 1996), pp. 202-206.
Robert J. Barro and Xavier Sala-I-Martin, “Technological Diffusion, Convergence, and Growth,” Vol. 2 (1). p 1-26. March 1997.
Angus Maddison, (OECD, 2001).
Leandro Prados de la Escosura, “International Comparisons of Real Product, 1820-1990: An Alternative Data Set,” 37 (2000), pp. 1-41.
Robert C. Allen, “The Great Divergence in European Wages and Prices from the Middle Ages to the First World War,” 38 (October 2001), pp. 411-447.
Jan Luiten van Zanden, “Rich and poor before the Industrial Revolution: a comparison between Java and the Netherlands at the beginning of the 19th century,” 40 (January 2003), pp. 1-23.
David Good and Tongshu Ma, “The economic growth of Central and Eastern Europe in Comparative Perspective,” (August 1999), pp. 103-138.
III. The First Wave: The British Industrial Revolution
A. The First Wave: Dimensions
Donald McCloskey, “The industrial revolution 1780-1860: a survey,” in R. Flood and D. McCloskey, eds., (1981), pp. 103-127.
Nicholas F.R. Crafts, “The First Industrial Revolution: A Guided Tour for Growth Economists,” (May 1996), pp. 197-207.
Joel Mokyr, “Technolgical change, 1700-1830” and Nick Crafts, “The Industrial Revolution,” in Roderick Floud and Donald McCloskey, “ (Second Edition, 1994), pp. 12-59.
N.F.R. Crafts, “British Economic Growth, 1700-1831: A Review of the Evidence,” (May 1983), pp. 177-199.
N.F.R. Crafts and C.K. Harley, “Output growth and the British industrial revolution: a restatement of the Crafts-Harley view,” (1992), pp. 703-730.
J. C. Esteban, “British Textile Prices 1770-1831: Are British Growth Rates Worth Revising Again?” (1994), pp. 66-105.
Terence Mills and N.F.R. Crafts, “Trend Growth in British Industrial Output, 1700-1913: A Reappraisal,” (July 1996), pp. 277-295.
David Greasley and Les Oxley, “Endogenous Growth or Big Bang: Two View of the First Industrial Revolution,” (1997), pp. 935-949.
David Greasley and Les Oxley, “British Industrialization, 1815-1860: A Disaggregate Time-Series Perspective,” (January 2000), pp. 98-119.
C.K. Harley, “Cotton Textile Prices and the Industrial Revolution” (1998), pp. 49-83.
B. The First Wave: The British Industrial Revolution–Productivity
Peter Temin, “Two Views of the British Industrial Revolution,” (1997), pp. 63-82.
C. Knick Harley and N.F.R. Crafts, “Simulating the Two Views of the British Industrial Revolution,” (September 2000), pp. 819-841
Peter Temin, “A Response to Harley and Crafts,” (September 2000), pp. 842-846.
Nicholas Crafts and Terence C. Mills, “Was 19th century British growth steam-powered? The climacteric revisited,” 41 (April 2004), pp. 156-171.
Nicholas Crafts, “Productivity Growth in the Industrial Revolution: A New Growth Accounting Perspective,” 64 (June 2004), pp. 521-535.
Pol Antras and Hans-Joachim Voth, “Factor prices and productivity growth during the British industrial revolution,” 40 (January 2003), pp. 52-77
J.L. Bolton, (1980), pp. 9-44.
Robert C. Allen, “Tracking the agricultural revolution in England,” (May 1999), pp. 209-235.
Robert C. Allen, “Economic structure and agricultural productivity in Europe, 1300-1800,” (April 2000), pp. 1-26.
Robert C. Allen, “The Growth of Labor Productivity in Early Modern English Agriculture,” 25 (1988), pp. 117-46.
Robert Allen and Cormac O Grada, “On the Road Again with Arthur Young: English, Irish, and French Agriculture during the Industrial Revolution,” (1988), pp. 93-116.
Robert Allen, “Inferring Yields from Probate Inventories,” 48 (1988), pp. 117-123.
B. Why Was Growth So Slow?
Donald McCloskey, “The Economics of Enclosure: A Market Analysis,” in William Parker and Eric L. Jones, (1979).
Donald McCloskey, “The Open Fields of England: Rent, Risk and the Rate of Interest,” in David Galenson, ed., (Cambridge, 1989), pp. 5-51.
Donald McCloskey, “The Prudent Peasant: New Findings on Open Fields,” (June 1991) Vol. 51 (2). p 343-55.
Donald McCloskey and John Nash, “Corn at Interest: The Extent and Cost of Grain Storage in Medieval England,” . (March 1984)Vol. 74 (1). p 174-87
Robert C. Allen, “The Efficiency and Distributional Consequences of Eighteenth Century Enclosures,” (December 1982), pp. 937-953.
Jane Humphries, “Enclosures, Common Rights and Women,” (March 1990).
Gregory Clark, “The Cost of Capital and Medieval Agricultural Technique,” (1988), pp. 265-294.
Gregory Clark, “Commons Sense: Common Property Rights, Efficiency and Institutional Change,” (March 1998), pp. 73-102.
Phillip Hoffman, “Institutions and Agriculture in Old Regime France,” (1988), pp. 241-262.
V. Who Benefited from the Industrial Revolution?
A. Poverty and Famine
Robert W. Fogel, (Cambridge, 2004).
Joel Mokyr and Cormac O’Grada, “What do people die of during famines? The Great Irish Famine in comparative perspective,” 6 (December 2002).
Friedrich Engels, (1844), 53-87.
Peter Lindert and Jeffrey Williamson, “English Workers’ Living Standards During the Industrial Revolution: A New Look,” (February 1983), pp. 1-15.
N.F.R. Crafts, “English Workers’ Real Wages During the Industrial Revolution: Some Remaining Problems,” (March 1985), pp. 139-144.
Charles H. Feinstein, “Pessimism Perpetuated: Real Wages and the Standard of Living in Britain during and after the Industrial Revolution,” (September 1998), pp. 625-658.
Jan L. Van Zanden, “Wages and the Standard of Living in Europe, 1500-1800,” (August 1999), pp. 175-198.
B. Heights and Health
Richard Steckel, “Heights and National Income,” 16 (1983), pp. 1-7.
Stephen Nicholas and Richard H. Steckel, “Heights and Living Standards of English Workers During the Early Years of Industrialization, 1770-1815,” (December 1991), pp. 937-957.
Joel Mokyr and Cormac O Grada, “Height and Health in the United Kingdom, 1815-1860: Evidence from the East India Company Army,” 33 (April 1996), pp. 141-168.
N. F. R. Crafts, “The Human Development Index and changes in the standards of living: Some Historical Comparisons,” (December 1997), pp. 299-322.
Robert C. Allen, “Progress and poverty in early modern Europe,” LVI (2003), pp. 403-443.
Richard H. Steckel and Roderick Floud, eds. (Chicago, 1997): Chapter 1 Engerman (survey), Chapter 2 Costa and Steckel (U.S.), Chapter 3 Floud and Harris (Britain), Chapter 4, Sandberg and Steckel (Sweden), Chapter 5, Weir (France), Stock and Floud, Conclusions.
Nicholas Crafts, “The Human Development Index, 1870-1999: Some revised estimates,” 6 (December 2002), 395-405.
Stephen N. Broadberry, “Comparative productivity in British and American manufacturing during the nineteenth century, 31 (1994), pp. 21-48.
Gregory Clark, “Why isn’t the whole world developed? Lessons from the cotton mills,” 47 (1987), pp. 141-173.
Stephen Broadberry, “How did the United States and Germany overtake Britain? A Sectoral analysis of comparative productivity levels, 1870-1990,” 58 (1998), pp. 375-407.
A. Booth, “The manufacturing failure hypothesis and the performance of British industry during the long boom,” LVI (2003), pp. 1-33.
Stephen Broadberry and Nicholas Crafts, “UK productivity performance from 1950 to 1979: a restatement of the Broadberry-Crafts view,” and Booth’s Reply LVI (2003), pp. 718-735.
Timothy Leunig, “A British industrial success: Productivity in the Lancashire and New England cotton spinning industries a century ago,” LVI (2003), pp. 90-117.
Special Issue on Technology and Productivity in History Perspective, 4 (August 2000).
A. When Did Globalization Begin?
Kevin O’Rourke and Jeffrey G. Williamson, “When did globalization begin?” 6 (April 2002), pp. 23-50
Dennis O. Flynn and Arturo Giraldez, “Path dependence, time lags and the firth of globalization: A critique of O’Rourke and Williamson,” and Kevin H. O’Rourke and Jeffrey G. Williamson, “Once more: When did globalization begin?” Vol 8, (April 2004), pp. 109-119
Kevin O’Rourke, “The Grain Invasion, 1870-1913,” (December 1997), pp. 775-801.
Jeffrey Williamson, “Globalization, Labor Markets and Policy Backlash in the Past,” (Fall 1998), pp. 51-72.
Kevin O’Rourke, Alan Taylor, and Jeffrey Williamson, “Factor Price Convergence in the Late Nineteenth Century,” (1996), pp. 499-530.
Alan Taylor and Jeffrey Williamson, “Convergence in the Age of Mass Migration,” (1997), pp. 27-63.
Jeffrey Williamson, “The Evolution of Global Labor Markets Since 1850,” (1995), pp. 1-54.
Jeffrey Williamson, “Globalization, Convergence and History,” (1996), pp. 1-30.
Timothy J. Hatton and Jeffrey G. Williamson, (Oxford, 1998).
Kevin O’Rurke and Jeffrey Williamson, “Around the European Periphery 1870-1913: Globalization, schooling and growth,” (August 1997), pp. 153-190.
Edward Anderson, “Globalisation and wage inequalities, 1870-1970,” 5 (April 2001), pp. 91-118.
B. Free Trade or Protection?
Douglas Irwin, “Trade in the Pre-Modern Era, 1400-1700: Volume 1: Introduction.,” Douglas Irwin, ed., Elgar Reference Collection. series, (Elgar, 1996), pp. xi-xv.
Douglas Irwin, “Mercantilism as Strategic Trade Policy: The Anglo-Dutch Rivalry for the East India Trade,” . (December 1991), Vol. 99 (6). Pp. 1296-314.
Douglas Irwin, . (Princeton: Princeton University Press, 1996).
Donald McCloskey, “Magnanimous Albion: Free Trade and British National Income, 1841-1881,” (July 1980), Vol. 17 (3). p 303-20.
Douglas Irwin, “Welfare Effects of British Free Trade: Debate and Evidence from the 1840s,” . Vol. 96 (December 1988), pp. 1142-64.
John Vincent Nye, “The Myth of Free-Trade Britain and Fortress France: Tariffs and Trade in the Nineteenth Century,” (March 1991), Vol. 51 (1). p 23-46.
Douglas Irwin, “Was Britain Immiserized during the Industrial Revolution?” (January 1991), Vol. 28 (1). p 121-24.
John Vincent Nye, “Changing French Trade Conditions, National Welfare, and the 1860 Anglo-French Treaty of Commerce,” . (October 1991), Vol. 28 (4). p 460-77.
Douglas Irwin, “Free Trade and Protection in Nineteenth-Century Britain and France Revisited: A Comment,” . (March 1993), pp 146-52.
John Vincent Nye, “Reply to Irwin on Free Trade,” . (March 1993), Vol. 53 (1). p 153-58.
Giovanni Federico and Antonio Tena, “Was Italy Protectionist? (April 1998), pp. 73-97.
James Simpson, “Did tariffs stifle Spanish Agriculture?” (April 1997), pp. 65-88.
C. International Capital Markets
Donald McCloskey, “Did Victorian Britain Fail?,” Vol. 23 (3), December 1970,. pp 446-59.
Donald McCloskey, “Victorian Growth: A Rejoinder,” , . Vol. 27 (2). May 1974, pp. 275-77.
Michael Edelstein, Realized rates of return on UK home and overseas portfolio investment in the age of high imperialism,” (1976), pp. 283-329.
Michael Edelstein, (1982).
William P. Kennedy, (Cambridge, 1987).
J. Foreman-Peck, “Foreign invesment and imperial exploitation: balance of payments reconstruction for nineteenth century Britain and India,” (1989), pp. 354-74.
Lance Davis and Robert Huttenback, (Cambridge, 1986).
Avner Offer, “The British Empire, 1870-1914: A Waste of Money?” . Vol. 46 (2). May 1993, pp. 215-38.
A. Do Banks and Financial Markets Matter?
Alexander Gerschenkron, (Cambridge, 1966).
R. King and R. Levine, “Finance and Growth: Schumpeter Might Be Right,” (1993) 108(3), pp. 717-37.
R. Levine and S. Zervos, “Stock Markets, Banks, and Economic Growth, (1998), 88, 3, pp. 537-58.
M. Pagano, “Financial Markets and Growth: An Overview,” (1993) 37, pp. 613-22.
P. Hoffman, G. Postel-Vinay, J-L. Rosenthal, “Private Credit Markets in Paris, 1690-1840,” . Vol. 52 (2). June 1992 p 293-306.
P. Hoffman, G. Postel-Vinay, J-L. Rosenthal, “What Do Notaries Do? Overcoming Asymmetric Information in Financial Markets: The Case of Paris, 1751. Vol. 154 (3). September 1998 p 499-530.
Michael Collins, “English bank development within a European Context, 1870-1939,” (February 1998), pp. 1-24.
Forrest Capie and Michael Collins, (1992).
B. Elbaum and W. Lazonick, (Oxford, 1986).
William P. Kennedy, (Cambridge, 1987).
H. Neuberger and H. Stokes, “German Banks and German Growth 1883-1913,” (1974), pp. 710-731.
Charles Calomiris, “ The Costs of Rejecting Universal Banking: American Finance in the German Mirror, 1870-1914,” in N. Lamoreaux and D. Raff, eds., (Chicago, 1995).
Caroline Fohlin, “Universal Banking in Pre-World War I Germany: Model or Myth?” . (October 1999), Vol. 36 (4). Pp. 305-43.
P. Ciocca and G. Toniolo, “Industry and Finance in Italy, 1918-1940,” (1984), pp. 113-36.
Caroline Fohlin, “Capital Mobilisation and Utilisation in Latecomer Economies: Germany and Italy Compared, “ . Vol. 3 (2). August 1999, pp 139-74.
Lance Davis and Larry Neal, “Micro Rules and Macro Outcomes: The Impact of Micro Structure on the Efficiency of Security Exchanges, London, New York, and
Paris, 1800-1914,” . Vol. 88 (2). May 1998, p 40-45.
Charles Goodhart, “Why do Banks Need a Central Bank?” (March 1989), pp. 75-89.
B. Financial Revolutions?
Larry Neal, (New York: Cambridge University Press, 1990).
Oscar Gelderblom and Joost Jonker, “Completing a Financial Revolution: The Finance of the Dutch East India Trade and the Rise of the Amsterdam Capital Market, 1595-1612,” 64 (September 2004), pp. 641-672.
Alessandro Polsi, “Financial institutions in nineteenth-century Italy. The rise of a banking system,” 3 (October 1996), pp. 117-138.
Gianni Toniolo, Leandro Conti and Giovanni Vecchi, “Monetary Union, institutions and financial market integration: Italy, 1862-1905,” 40 (October 2003), pp. 443-461.
Michelangelo Vasta and Alberto Baccini, “Banks and industry in Italy, 1911-1936” 4 (October 1997), pp. 139-160.
Caroline Fohlin, “Universal Banking in Pre-World War I Germany: Model or Myth?” Vol. 36, (October 1999), pp. 305-343.
Caroline Fohlin, “Regulation, taxation, and the development of the German universal banking system, 1884-1913,” 6 (August 2002), pp. 221-256.
William Lazonick and Mary O’Sullivan, “Finance and industrial development Part 1: the United States and the United Kingdom,” in Vol 4 (April 1997) and “Financial and industrial development: evolution to market control Part II Japan and Germany,” Vol 4 (October 1997) .
Larry Neal and Stephen Quinn, “Networks of information, markets and institutions in the rise of London as a financial centre, 1660-1720,” 8 (April 2001), pp. 7-26.
Forrest Capie and Mark Billins, “Evidence on competition in English commercial banking, 1920-1970,” 11 (April 2004), pp. 69-104.
Sevket Pamuk, “The evolution of financial institutions in the Ottoman Empire, 1600-1914,” 11 (April 2004), pp. 7-32.
C. Bubbles? Manias?
Eugene N. White, ed., “Introduction,” (1996), ix-xviii.
Charles Mackay (1932), pp.
Charles Kindleberger, (1989).
Mike Dash, (New York, 1999).
Peter M. Garber, “Tulip Mania,” 97 (1989), pp. 535-60.
Larry D. Neal “How the South Sea Bubble was Blown Up and Burst: A New Look at Old Data,” In Eugene N. White, (ed.) (1990), pp. 33-56.
Peter M. Garber, “Famous First Bubbles,” (Spring 1990), pp. 35-53.
Peter M. Garber, (MIT Press, 2000).
Eugene N. White, “The Stock Market Boom and Crash of 1929 Revisited,” (Spring 1990), pp. 76-83.
Peter Rappoport and Eugene N. White, “Was the Crash of 1929 Expected?” (March 1994), pp. 271-81.
R. Glen Donaldson and Mark Kamstra, “A New Dividend Forecasting Procedure That Rejects Bubbles in Asset Prices: The Case of 1929’s Stock Crash,” (1996), pp. 333-383.
Robert J. Shiller, (2000), Chapter 1, pp. 3-14.
A. Does War Crowd Out Growth?
Jeffrey Williamson, “Why was British Growth So Slow During the Industrial Revolution,” (September 1984), pp. 687-712.
Carol Heim and Philip Mirowski, “Interest Rates and Crowing-Out during Britain’s Industrial Revolution,” (March 1987), pp. 117-140.
Robert Black and Claire Gilmore, “Crowding Out during Britain’s Industrial Revolution,” (March 1990), pp. 109-131.
Carol Heim and Philip Mirowski, “Crowding Out: Response to Black and Gilmore,” (September 1991), pp. 701-706.
Gregory Clark, “Debt, deficits and crowding out: England, 1727-1840,” 5 (December 2001), pp. 403-436.
N. Gregory Mankiw, “The Optimal Collection of Seigniorage: Theory and Evidence,” (1987), pp. 327-341.
Debra Glassman and Angela Redish, “Currency Depreciation in Early Modern England and France,” (January 1988), pp. 75-97.
Nathan Sussman, “Debasements, Royal Revenues, and Inflation in France During the Hundred Years War 1415-1422,” (March 1993), pp. 44-70.
John Brewer, (Harvard University Press, 1990).
Patrick O’Brien, “The Political Economy of British Taxation, 1660-1815,” XLI, I, pp. 1-32.
Eugene N. White, “France and the Failure to Modernize Macroeconomic Institutions,” in Michael Bordo and Roberto Cortes Conde, eds., (Cambridge: Cambridge University Press, 2001).
Francois Velde and David Weir, “The Financial Market and Government Debt Policy in France, 1746-1793,” . Vol. 52 (1). March 1992p 1-39.
David Weir, “Tontines, Public Finance, and Revolution in France and England, 1688-1789,” . Vol. 49 (1). March 1989, pp 95-124.
Robert Barro, “Government Spending, Interest Rates, Prices and Budget Deficits in the United Kingdom,” (September 1987), pp. 221-248.
Phillip Hoffman and Jean-Laurent Rosenthal, “The Political Economy of Warfare and Taxation in Early Modern Europe: Historical Lessons for Economic Development, “ in . John Drobak, John Nye, , eds., San Diego; London and Toronto: Harcourt Brace,, 1997 p 31-55.
Barry R. Weingast, “The Political Foundations of Limited Government: Parliament and Sovereign Debt in 17th- and 18th-Century England,” in . John Drobak, John Nye, , eds., San Diego; London and Toronto: Harcourt Brace,, 1997 pp. 213-46.
John Wells and Douglas Wills, “Revolution, Restoration, and Debt Repudiation: The Jacobite Threat to England’s Institutions and Economic Growth,” (June 2000), pp. 418-441.
Michael Bordo and Eugene White, “A Tale of Two Currencies: British and French Finance During the Napoleonic Wars,” (June 1991), pp. 303-316.
Eugene N. White, “The French Revolution and the Politics of Government Finance, 1770-1815,” (June 1995), pp. 227-255.
Niall Ferguson, (Basic Books, 1998), Chapters, 9 and 11.
T. Balderston, “War finance and inflation in Britain and Germany, 1914-1918,” (1989), pp. 222-244.
Peter Gatrell and Mark Harrison, “The Russian and Soviet economies in two world wars: a comparative view,” (August 1993), pp. 425-452.
Mark Harrison ed.,
(Cambridge: Cambridge University Press, 1998), pp. 268-301. .
John Maynard Keynes, “The Capacity of Germany to Pay Reparations” in J.M. Keynes, (New York, 1963).
Etienne Mantoux, (London, 1946).
Eugene N. White, “Making the French Pay: The Costs and Consequences of the Napoleonic Reparations,” NBER Working Paper No.W7438 (December 1999).
Michael Gavin, “Intertemporal Dimensions of International Economic Adjustment: Evidence from the Franco-Prussian War Indemnity,” (May 1992), pp. 174-179.
Adam Klug, “The Theory and Prace of Reparations and American Loans to German, 1925-1929,” International Finance Section, Princeton University, Working paper (December 1990).
Niall Ferguson, (Basic Books, 1998), Chapter 14.
Benjamin J. Cohen, “Reparations in the Postwar Period: A Survey” , 82 (September 1967).
Peter Temin, “The Golden Age of European Economic growth reconsidered,” 6 (April 2002).
Barry Eichengreen, ed., (Cambridge, 1995), Chapters, 1, 2, and 3.
Barry Eichengreen, (Princeton, 1996), Chapters 4 and 5.
Barry Eichengreen and Marc Uzan, “The Marshall Plan: economic effects and implications for Eastern Europe and the former USSR,” (April 1992).
N.F. R. Crafts, “The Golden Age of Economic Growth in Western Europe, 1950-1973,” (August 1995), pp. 429-447.
Gianni Toniolo, “Europe’s golden age, 1950-1073: speculations from a long-run perspective,” (May 1998), pp. 252-267.
ECON 30423 European Economic History John Lovett
Instructions for Mini-Paper 1 Overview: In this assignment you will pick a topic on European economic history, relating to
Europe’s eventual industrialization, research that topic, and write a short paper on the subject. Through this project you will learn about a topic in financial history, hone your research skills, and improve your writing methods.
Your paper will likely have some characteristics of a “survey paper”, i.e. an overview of the current knowledge and understanding of a topic. That being said, you want your paper to be as tightly focused as your sources will allow. For instance, assume that both Amy and Bob write a paper on the Black Death (Bubonic Plague). Amy’s paper overviews what the Black Death likely was, how it came to Europe, it’s spread through Europe, etc. Amy’s paper does discuss the idea that the Black Death may have helped Europe’s long-run development by reducing population (i.e. increasing land per capita and physical capital per capita). Amy, however, does not discuss any ways to test the “Black Death was good for development hypothesis”, nor does she go into great detail about the history or intricacies of the idea. Amy’s paper, while it might earn a passing grade, lacks the in-depth analysis I desire. Bob’s paper, also on the Black Death, spends several paragraphs or even pages surveying the Black Death. He introduces the reader to some of the basics of the Black Death. The heart of Bob’s paper, however, focuses on a more specific question. Bob investigates the debate regarding whether the Black Death was bad or good (in the long-run) for European development. Bob explores both the traditional argument that the Black Death was good for long-run development. He also investigates the argument that, by reducing the size of markets, the Black Death reduced innovation and long-run growth. Although Bob does not test the competing theses in a definitive way, he discusses potential ways to test the theories. Finally, he anecdotally examines evidence in support of each theory. Go Bob! That’s the type of paper I want.
Your topic should revolve around a question (or small group of related questions). Again, the more specific the question, the better. For instance, assume the central question of Carlita’s paper is; “How did Merchants of the Italian City-States Finance Long- Distance Trade in the 14th and 15th Centuries?” Dan’s question is; “What did the Medieval Europeans Use for Money?” Assuming Carlita has the sources to address her question reasonably well, her paper will almost certainly be a better paper than Dan’s. Go Carlita!
You will need to have a specific thesis statement or question. We’ll discuss this further in class. For now, just remember that a thesis statement is usually a one (sometimes two) sentence that clearly tells the reader what topic your paper is addressing and the questions it will address.
ECON 30423 European Economic History John Lovett
You will need at least 4 academic sources, not including those in our reading packet. Academic sources include: 1) peer-reviewed journals (ex. The Journal of Economic History, the Journal of the Early Republic, Economic History Review, etc.), 2) books, preferably those from quality academic publishers (ex. Oxford University Press, Penguin, etc.), 3) Working papers, etc. While you can use other sources such as Wikipedia, magazines (ex. Civil War History), web sites, other academic sources from our reading packet, etc. make sure you have at least 4 academic sources that are not from our reading packet.
More sources are usually better than fewer. My minimum expectation, however, is four academic sources.
If you use a book extensively and it is a pretty good book, you can count it as two sources. Assume, for example, that Beth reads Tonio Andrade’s book titled; The Gunpowder Age: China, Military Innovation, and the Rise of the West in World History (2016). And
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