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作者:University of California System; University of California Berkeley
摘要:The lessons of history were widely invoked in 2008/09 as analysts and policymakers sought to make sense of the global financial crisis. Specifically, analogies with the early stages of the Great Depression of the 1930s were widely drawn. Building on work in cognitive science and literature on foreign policy making, this article seeks to account for the influence of this particular historical analogy and asks how it shaped both perceptions and the economic policy response. It asks how historica...
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作者:University of Houston System; University of Houston
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作者:Paris School of Economics
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作者:Texas A&M University System; Texas A&M University College Station
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作者:University of Connecticut; University of Vermont
摘要:This article offers a quantitative analysis of wealth inequality in the Ottoman Empire, employing data from probate inventories (terekes) of eighteenth-century Kastamonu, a town located in northern Anatolia. Extracting information on wealth levels and personal characteristics of individuals, we estimate aggregate measures of wealth inequality, namely the Gini coefficient, the coefficient of variation, and the wealth shares of the wealthiest 10 and 25 percent of estates. We use regression analy...
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作者:Universita Ca Foscari Venezia; University of Milano-Bicocca
摘要:We study the seventeenth-century market for figurative paintings in Italy analyzing original contracts between patrons and artists. We show that a number of supply and demand factors affected prices. We find a positive and concave relation between prices and size of paintings reflecting economies of scale. We show evidence of a positive relationship between prices and the number of figures depicted. Trade in paintings was sufficient to equalize prices between different destinations. Finally, w...
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作者:McGill University
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作者:University of California System; University of California Davis
摘要:Gregory Clark argued in A Farewell to Alms that preindustrial societies, including England, were Malthusian. Day wages show incomes were trendless: as high in Europe in the medieval era as in 1800, even in England. The opposed view is that England and the Netherlands grew substantially from 1200 to 1800. Early day wages overestimate living standards. Here we show that preindustrial farm employment shares can be estimated from probate occupation reports. These imply only 60 percent employed in ...
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作者:Hong Kong University of Science & Technology
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作者:University System of Ohio; Ohio State University; National Bureau of Economic Research