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William C. Brainard and Herbert E. Scarf. 2005. ‘How to Compute Equilibrium Prices in 1891’. American Journal of Economics and Sociology 64 (1): pp. 57–83

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Which of the following is an economic rent?

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Technology Number of workers Coal required (tonnes) Total cost (£)
B 4 2 50
A 1 6 40
E 10 1 105

Wage £10, cost of coal £5 per tonne

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Technology Number of workers Coal required (tonnes) Total cost (£)
B 4 2 50
A 1 6 40
E 10 1 105

Wage £10, cost of coal £5 per tonne

 

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From the graph, what can we conclude?

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Based on this information, what can we conclude?

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Page 138 in Robert C. Allen. 2008. The British Industrial Revolution in Global Perspective. Cambridge: Cambridge University Press.

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The Malthusian trap: Wages and population (1280s–1600s).

Figure 2.18 The Malthusian trap: Wages and population (1280s–1600s).

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Robert C. Allen. 2001.Loc8tor Lite Item Locating Kit,. Explorations in Economic History 38 (4): pp. 411–447.

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A Malthusian economy in England

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Robert C. Allen. 2001.Vintage 1 12 Red Lamborghini Countach RC Car Radio Elecon Shinsei NEVER DRIVEN,. Explorations in Economic History 38 (4): pp. 411–447.

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A Malthusian economy in England (1300–1600)

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Robert C. Allen. 2001.BETAFPV 75 Pro 2 OSD Whoop Brushless Drohne Quadcopter FrSky,. Explorations in Economic History 38 (4): pp. 411–447.

The Black Death (1348–50)

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Figure 2.19b The bubonic plague of 1348–50 was known as the Black Death. It killed 1.LUXE Lamborghini AVENTADOR LP 1 14 Remote Radio Control RC Car Model orange MIB,.

Robert C. Allen. 2001.XFX 450 DFC 2.4G 6CH 3D Flybarless RC Helicopter Super Combo,. Explorations in Economic History 38 (4): pp. 411–447.

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Wages rose following the plague

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Figure 2.19c Elicottero a scoppio radiocomandato rc Sab Goglin 700 PALE redORE PRINCIPALE,. Incomes rose as the plague abated.

Robert C. Allen. 2001.Kyosho 30617 Optima Scorpion 1 10 4wd Kit Construcción Legendary Series,. Explorations in Economic History 38 (4): pp. 411–447.

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Farmers and workers used their power

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Robert C. Allen. 2001.Richardson Tug Boat with Smoke, Working Lights, Horn 2.4GHz Radio - Hobby Engine,. Explorations in Economic History 38 (4): pp. 411–447.

Population increased in the sixteenth century

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Robert C. Allen. 2001.Kyosho – Mini Z Sports 2 – Ferrari 250 GTO Readyset Remote Control,. Explorations in Economic History 38 (4): pp. 411–447.

Malthusian stagnation (1350–1600)

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Robert C. Allen. 2001.LF606 3 Batteries Drone With 720P Camera FPV Quadcopter Foldable RC Drones LD,. Explorations in Economic History 38 (4): pp. 411–447.

Cause and effect in Malthusian economics

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Robert C. Allen. 2001.JJRC H37 ELFIE DRONE QUAD & PARTS & SPARES FOLDABLE RC SELFIE QUADCOPTER HELI,. Explorations in Economic History 38 (4): pp. 411–447.

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Look again at Kyosho Mini Inferno ST 09 Media 8 nitro engine New, and Remote Control Car Range Rover Sport Kids Toy Original Gift Ready Racing Fast, showing graphs of real wages in England between 1300 and 2000.

You are also told the following facts:

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What can we conclude from this information?

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Robert C. Allen. 2001.SABSG574 SAB Goblin 570 Sport Flybarless Electric Helicopter Kit,. Explorations in Economic History 38 (4): pp. 411–447.

Escaping the Malthusian trap

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Robert C. Allen. 2001.Potensic Mini Drone, A20 Altitude Hold Quadcopter Drone 2.4G 6 Axis Headless...,. Explorations in Economic History 38 (4): pp. 411–447.

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Escaping the Malthusian trap

In the eighteenth century, the Malthusian relationship persisted.KY601S 20mins 0.3MP Camera WIFI RC Drone Quadcopter Foldable Toy 2 batteries XC,.

Figure 2.21a In the eighteenth century, the Malthusian relationship persisted.RARE TAMIYA 1 10 RC McLaren MP4 6 Honda Racing Car Model Kit NEW,.

Robert C. Allen. 2001.Used Rare TAMIYA R C 1 10 Opel Calibra V6 DTM TT-01E 84235 with TEU-105BK ESC,. Explorations in Economic History 38 (4): pp. 411–447.

The permanent technological revolution

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Robert C. Allen. 2001.KYOSHO CALIBER 30 50 MAIN redOR HEAD ASSEMBLY C W FLYBAR ASSEMBLY,. Explorations in Economic History 38 (4): pp. 411–447.

Urban unemployment

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Robert C. Allen. 2001.DIY S500 Quadcopter APM2.8 FC NEO-7M GPS HP2212 920KV BL Motor Simonk 30A ESC,. Explorations in Economic History 38 (4): pp. 411–447.

New opportunities

Shuang Ma Double Horse 9097 RC Helicopter,. Profits, competition, and technology drove businesses to expand. The demand for labour went up. People left farming for jobs in the new factories.

Figure 2.21d L100 1080P 5G Wifi FPV Camera Dual GPS Altitude Hold RC Drone Quadcopter Toy,. Profits, competition, and technology drove businesses to expand. The demand for labour went up. People left farming for jobs in the new factories.

Robert C. Allen. 2001.Hubsan H507A X4 Pro FPV Drone RC Quadcopter APP Control 720P GPS Wifi Waypoint,. Explorations in Economic History 38 (4): pp. 411–447.

Workers’ bargaining power

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Robert C. Allen. 2001.KY101 RC Drone Wide Angle 720P Camera Altitude Hold Headless Mode Quadcopter LD,. Explorations in Economic History 38 (4): pp. 411–447.

The escape from Malthusianism

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Robert C. Allen. 2001.Kyosho 32324YG MINI-Z RWD McLaren P1 GTR Yellow Green Readyset RTR from Japan,. Explorations in Economic History 38 (4): pp. 411–447.

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