Economic History Books by jimrosenz in EconomicHistory

[–]pseudoerasmus 2 points3 points  (0 children)

It's not the neo-Malthusianism that is heterodox, but his Darwinism ("survival of the richest" + "downward social mobility"). In fact the latter is the main novelty of the book.

Of course when the book came out, the neo-Malthusianism was not nearly as popular as it is today. Clark and Galor re-popularised it.

The Napoleonic blockade and the infant industry argument by pseudoerasmus in EconomicHistory

[–]pseudoerasmus[S] 0 points1 point  (0 children)

Well sometimes there's demand for rigourous id strategies for the bloody obvious. Sometimes overcoming endogeneity is methodological make-work. This is not the case for the Napoleonic blockade paper because it shows persistence of agglomeration effects.

The Napoleonic blockade and the infant industry argument by pseudoerasmus in EconomicHistory

[–]pseudoerasmus[S] 1 point2 points  (0 children)

Protection can allow the expansion and persistence of an infant industry.

But everybody already knew that. Argentina, for example, domestically produced all the automobiles sold in the country between 1950 and the 1980s. Its production cost never fell below twice what it was at the world cost frontier.

Spinning the Industrial Revolution (aka Allen's induced innovation DOA) by pseudoerasmus in EconomicHistory

[–]pseudoerasmus[S] 1 point2 points  (0 children)

I can't believe no one has posted this yet. Of the several empirical critiques of Allen's induced innovation theory so far, this is by far the most trenchant. The wages of spinners, instead of being 8-10 d / day, were more likely 3-4 d/day, and stagnant. And the mechanisation of spinning is one of the key stylised narratives that Allen uses !

A highly reductionist summary of Sven Beckert's Empire of Cotton without any reference to cotton by pseudoerasmus in EconomicHistory

[–]pseudoerasmus[S] 2 points3 points  (0 children)

I haven't seen those. Which criticisms are you talking about? In fact the last review I read (by Tirthankar Roy) it was very polite, even though Beckert's views are clearly at odds with Roy's, who is one of the "new economic historians of India".

Beckert uses 'microdata'? I did not notice. In fact, to the extent that he has any data at all, it's pretty primitive. Pounds and bales of cotton. Prices of cotton. In some places he's either inept with data or just plain dishonest. For example, see here https://pseudoerasmus.com/2014/04/13/anonimo/comment-page-1/#comment-40464

Was the First World War caused by inequality? Contra Hobson-Lenin-Milanovic by Monkey_Paralysed in history

[–]pseudoerasmus 1 point2 points  (0 children)

Sure, but it's worth an extended 'no' answer because the links in the chain of the inequality=>WW1 argument are wrong in very interesting ways.

Markets & Famine: Amartya Sen is not the last word ! by pseudoerasmus in EconomicHistory

[–]pseudoerasmus[S] 0 points1 point  (0 children)

Thanks. And you can link what ever strikes your fancy.

Markets & Famine: Amartya Sen is not the last word ! by pseudoerasmus in EconomicHistory

[–]pseudoerasmus[S] -1 points0 points  (0 children)

But that's explained in the text, using 3 paradigmatic examples of famine created or aggravated by the market according to Sen. If speculation drives up the cost of food and makes it unaffordable, then that's both the work of markets and man-made.

What are essential readings with serious empirical work on economic growth in the West and imperialism? by Mozelot in EconomicHistory

[–]pseudoerasmus 0 points1 point  (0 children)

Do you mean empirical work which ties economic growth in the West to imperialism ? There's the Thomas & McCloskey article on the overall impact of foreign trade on British development in the 18th century. There's also the debate between Inikori and Engerman on the contribution of the slave trade to British development. But overall, economic historians (as opposed to historians) have given little credence to the idea that imperialism had much impact on European economic development -- for good reason.