Labor Productivity In The United States And The United Kingdom During The Nineteenth Century
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Labor Productivity In The United States And The United Kingdom During The Nineteenth Century
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Author : Stephen N. Broadberry
language : en
Publisher:
Release Date : 2004
Labor Productivity In The United States And The United Kingdom During The Nineteenth Century written by Stephen N. Broadberry and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Labor productivity categories.
"A number of writers have recently questioned whether labor productivity or per capita incomes were ever higher in the United Kingdom than in the United States. We show that although the United States already had a substantial labor productivity lead in industry as early as 1840, especially in manufacturing, labor productivity was broadly equal in the two countries in agriculture, while the United Kingdom was ahead in services. Hence aggregate labor productivity was higher in the United Kingdom, particularly since the United States had a larger share of the labor force in low value-added agriculture. U.S. overtaking occurred decisively only during the 1890s, as labor productivity pulled ahead in services and the share of agricultural employment declined substantially. Labor force participation was lower in the United States, so that the United Kingdom's labor productivity advantage in the mid-nineteenth century translated into a larger per capita income lead"--NBER website
Labor Productivity In Britain And America During The Nineteenth Century
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Author : Stephen N. Broadberry
language : en
Publisher:
Release Date : 2004
Labor Productivity In Britain And America During The Nineteenth Century written by Stephen N. Broadberry and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Economics categories.
A number of writers have recently questioned whether labor productivity or per capita incomes were ever higher in the United Kingdom than in the United States. We show that although the United States already had a substantial labor productivity lead in industry as early as 1840, especially in manufacturing, labor productivity was broadly equal in the two countries in agriculture, while the United Kingdom was ahead in services. Hence aggregate labor productivity was higher in the United Kingdom, particularly since the United States had a larger share of the labor force in low value-added agriculture. U.S. overtaking occurred decisively only during the 1890s, as labor productivity pulled ahead in services and the share of agricultural employment declined substantially. Labor force participation was lower in the United States, so that the United Kingdom's labor productivity advantage in the mid-nineteenth century translated into a larger per capita income lead.
Labor Productivity In The United States And The Unitedd Kingdom During The Nineteenth Century
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Author : Stephen N. Broadberry
language : en
Publisher:
Release Date : 2004
Labor Productivity In The United States And The Unitedd Kingdom During The Nineteenth Century written by Stephen N. Broadberry and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
The Productivity Race
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Author : S. N. Broadberry
language : en
Publisher: Cambridge University Press
Release Date : 1997-08-14
The Productivity Race written by S. N. Broadberry and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-08-14 with Business & Economics categories.
This book is a reassessment of British performance in manufacturing since 1850 in the light of new evidence on international comparisons of productivity. Using a novel analytical framework of technological evolution, Stephen Broadberry uncovers new ways of looking at Britain's relative economic decline while debunking a number of misapprehensions regarding the nature and causes of the decline. It analyses productivity levels in Britain, the United States and Germany and provides detailed case studies of all the major manufacturing industries, broken down into three periods: 1850-1914, 1914-50 and 1950-90. Broadberry offers a wide coverage of industries, with invaluable country-specific information. By combining a multitude of detailed productivity measurements with qualitative industrial and business history, he provides a major contribution to our understanding of British economic performance over the last 150 years.
Enterprising America
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Author : William J. Collins
language : en
Publisher: University of Chicago Press
Release Date : 2015-09-24
Enterprising America written by William J. Collins and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-24 with Business & Economics categories.
The rise of America from a colonial outpost to one of the world’s most sophisticated and productive economies was facilitated by the establishment of a variety of economic enterprises pursued within the framework of laws and institutions that set the rules for their organization and operation. To better understand the historical processes central to American economic development, Enterprising America brings together contributors who address the economic behavior of American firms and financial institutions—and the associated legal institutions that shaped their behavior—throughout the nineteenth and early twentieth centuries. Collectively, the contributions provide an account of the ways in which businesses, banks, and credit markets promoted America’s extraordinary economic growth. Among the topics that emerge are the rise of incorporation and its connection to factory production in manufacturing, the organization and operation of large cotton plantations in comparison with factories, the regulation and governance of banks, the transportation revolution’s influence on bank stability and survival, and the emergence of long-distance credit in the context of an economy that was growing rapidly and becoming increasingly integrated across space.
Market Services And The Productivity Race 1850 2000
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Author : Stephen Broadberry
language : en
Publisher: Cambridge University Press
Release Date : 2006-10-26
Market Services And The Productivity Race 1850 2000 written by Stephen Broadberry and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-10-26 with History categories.
Now that services account for such a dominant part of economic activity, it has become apparent that achieving high levels of productivity in the economy requires high levels of productivity in services. This book offers a major reassessment of Britain's comparative productivity performance over the last 150 years. Whereas in the mid-nineteenth century Britain had higher productivity than the United States and Germany, by 1990 both countries had overtaken Britain. The key to achieving high productivity was the 'industrialisation' of market services, which involved both the serving of business and the provision of mass-market consumer services in a more business like fashion. Comparative productivity varied with the uneven spread of industrialised service sector provision across sectors. Stephen Broadberry provides a quantitative overview of these trends, together with a qualitative account of developments within individual sectors, including shipping, railways, road and air transport, telecommunications, wholesale and retail distribution, banking, and finance.
Economic Evolution And Revolution In Historical Time
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Author : Paul Rhode
language : en
Publisher: Stanford University Press
Release Date : 2011-01-28
Economic Evolution And Revolution In Historical Time written by Paul Rhode and has been published by Stanford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-28 with Business & Economics categories.
Papers originally presented at a conference sponsored by Stanford University's Institute for Economic Policy Research (SIEPR) and held Sept. 26-27, 2008.
The Origins And Development Of Financial Markets And Institutions
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Author : Jeremy Atack
language : en
Publisher: Cambridge University Press
Release Date : 2009-03-16
The Origins And Development Of Financial Markets And Institutions written by Jeremy Atack and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-03-16 with Business & Economics categories.
Leading historians examine how financial innovations have challenged established institutional arrangements from the seventeenth century to the present.
The Oxford Handbook Of American Economic History
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Author : Edited by Louis P. Cain
language : en
Publisher: Oxford University Press
Release Date : 2018-06-15
The Oxford Handbook Of American Economic History written by Edited by Louis P. Cain and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-15 with Business & Economics categories.
American economic history describes the transition of a handful of struggling settlements on the Atlantic seaboard into the nation with the most successful economy in the world today. As the economy has developed, so have the methods used by economic historians to analyze the process. Interest in economic history has sharply increased in recent years among the public, policy-makers, and in the academy. The current economic turmoil, calling forth comparisons with the Great Depression of the 1930s, is in part responsible for the surge in interest among the public and in policy circles. It has also stimulated greater scholarly research into past financial crises, the multiplier effects of fiscal and monetary policy, the dynamics of the housing market, and international economic cooperation and conflict. Other pressing policy issues--including the impending retirement of the Baby-Boom generation, the ongoing expansion of the healthcare sector, and the environmental challenges imposed by global climate change--have further increased demand for the long-run perspective given by economic history. Confronting this need, The Oxford Handbook of American Economic History affords access to the latest research on the crucial events, themes, and legacies of America's economic history--from colonial America, to the Civil War,up to present day. More than fifty contributors address topics as wide-ranging as immigration, agriculture, and urbanization. Over its two volumes, this handbook gives readers not only a comprhensive look at where the field of American economic history currently stands but where it is headed in the years to come.
Investing In U S Financial History
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Author : Mark J. Higgins
language : en
Publisher: Greenleaf Book Group
Release Date : 2024-02-27
Investing In U S Financial History written by Mark J. Higgins and has been published by Greenleaf Book Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-02-27 with Business & Economics categories.
Investors who ignore the past are lost in the present and blind to the future. Most people rely only on their life experience to make investment decisions. This causes them to overlook cyclical forces that repeatedly reshape economies and markets. Investing in U.S. Financial History fills this void by recounting the comprehensive financial history of the United States of America. It begins with Alexander Hamilton’s financial programs in 1790 and ends with the Federal Reserve’s battle with inflation in 2023. Authored by Mark Higgins, an experienced investment advisor and financial historian, this book will help you: • Understand key drivers of financial crises and the principles for managing them. • Recognize warning signs of speculative manias that lead to asset bubbles. • Understand why few investors outperform market indices and why index funds are preferable for most individuals and institutions. • Identify the major threats to U.S. economic prosperity in the twenty-first century. Investing in U.S. Financial History reveals that there is almost no financial event that is unprecedented. By understanding the fundamental drivers underpinning key economic events, you will internalize investment principles, avoid common pitfalls, and resist the temptation to panic amid market volatility.