Clark, Gregory (2010): 1381 and the Malthus Delusion.
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What were income trends before the Industrial Revolution? Clark (2007b) argued on both theoretical and empirical grounds that pre-industrial income was fluctuating but trendless, a position Gunner Persson has labeled “the Malthus Delusion.” Steve Broadberry and Bruce Campbell, in support of the Persson position, have recently estimated that English per capita income grew more than three-fold between 1270 and 1800. Here I use the Poll Tax returns to estimate income in 1379-81 from the farming share of employment. England in 1381, with only 55 percent of the population engaged in farming, was at income levels close to those of 1817.
|Item Type:||MPRA Paper|
|Original Title:||1381 and the Malthus Delusion|
|Keywords:||Long Run Growth England|
|Subjects:||N - Economic History > N1 - Macroeconomics and Monetary Economics ; Industrial Structure ; Growth ; Fluctuations
N - Economic History > N3 - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy
O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity
|Depositing User:||Gregory Clark|
|Date Deposited:||28. Sep 2010 10:14|
|Last Modified:||13. Feb 2013 08:51|
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