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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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Traxxas Latrax Teton 2.4 Ghz Waterproof + 12v Charger Trx76054-1, shows different technologies for producing 100 metres of cloth.

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).

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.Kyosho TOYOTA 86 TOYOTA GT86 SCION FR-S Body-Chassis Set 32252BCR Mini-Z,. 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.Air Hogs DR1 - Ultimate Indoor Remote Control Micro Racing Drone Red NEW SEALED,. 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.TAMIYA 1 10 XB series MERCEDES-AMG GT3 TT-02 chassis Painted with painted fini,. Explorations in Economic History 38 (4): pp. 411–447.

The Black Death (1348–50) : The bubonic plague of 1348–50 was known as the Black Death. It killed 1.5 million people out of an estimated English population of 4 million, leading to a dramatic fall in labour supply.

The Black Death (1348–50)

The bubonic plague of 1348–50 was known as the Black Death. It killed 1.Wltoys K989 1 28 2.4G 4WD Brushed RC Rally Car RTR,.

Figure 2.19b The bubonic plague of 1348–50 was known as the Black Death. It killed 1.4.5 Channel 2.4Ghz RC Remote Control 4in1 Hybrid UFO Quadcopter with HD Camera a,.

Robert C. Allen. 2001.TRAXXAS 8474 rubber & circles Method Unlimited TIRES AND WHEELS ASSEMBLED,. 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 Tamiya 1 35 Panther Type G Early Version -35170,. Incomes rose as the plague abated.

Robert C. Allen. 2001.Radio Control & RC Toys RC Model Vehicles & Kits Aeroplanes & Barche rc,. Explorations in Economic History 38 (4): pp. 411–447.

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Farmers and workers used their power

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Figure 2.19d FQ777 FQ36 480P 2.4G RTF WIFI FPV Wide Angle HD Camera Foldable RC Drone BC,. Despite the King’s actions, incomes continued to increase.

Robert C. Allen. 2001.Tamiya RC Car Special Project 1 10 Mitsubishi Pajero Metal Top Wide 47331,. Explorations in Economic History 38 (4): pp. 411–447.

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Population increased in the sixteenth century

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Robert C. Allen. 2001.Wedico Roof and Side spoiler for white Actros.,. Explorations in Economic History 38 (4): pp. 411–447.

Malthusian stagnation (1350–1600) : By 1600, real wages had fallen to the level they were 300 years previously.

Malthusian stagnation (1350–1600)

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Robert C. Allen. 2001.BoldClash BWHOOP B03 Altitude Hold 716 53500rpm(3.7 V) Motor EDF RC Quadcopter,. Explorations in Economic History 38 (4): pp. 411–447.

Cause and effect in Malthusian economics : Our model of Malthusian economics helps to explain the rise and fall of incomes between 1300 and 1600 in England.

Cause and effect in Malthusian economics

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Robert C. Allen. 2001.TRX6712 - CARROSSERIE TELLURIDE TRANSPARENTE TRAXXAS,. Explorations in Economic History 38 (4): pp. 411–447.

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Look again at Tamiya 1 24 Nissan R390 GT1 -24192, and Rc Helicopter BEAM E4 BMH1000, 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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Figure 2.20 Escaping the Malthusian trap.Caméra wifi quadricoptère RC Drone en métal Avec de lumière Maintien d'altitude,.

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Robert C. Allen. 2001.Jamara Radlader Liebherr 564 1 20 2,4G - 405007,. Explorations in Economic History 38 (4): pp. 411–447.

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Escaping the Malthusian trap

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Robert C. Allen. 2001.Atoyscasa Drone with Camera Live Video, FPV RC Drone with 720P HD Wi-Fi Camera 2,. 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.X300S1W RC Drone Wifi Camera 6-Axis 4D Headless Quadcopter FPV LED Helicopter UK,.

Figure 2.21a In the eighteenth century, the Malthusian relationship persisted.Genuine DJI Mavic Car Charger. Part No 6. UK Seller,.

Robert C. Allen. 2001.Parred PF727004 Minidrone Swing with Flypad Controller Brand New ,. Explorations in Economic History 38 (4): pp. 411–447.

The permanent technological revolution : The story begins with technological improvements, such as the spinning jenny and the steam engine, that increased output per worker. Innovation continued as the technological revolution became permanent, displacing thousands of spinsters, weavers and farmers.

The permanent technological revolution

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Robert C. Allen. 2001.TRX7767G - BAGUE DE RESSORT REGLABLE ALU ANODISEES greenE TRAXXAS,. Explorations in Economic History 38 (4): pp. 411–447.

Urban unemployment : The loss of employment reduced workers’ bargaining power, keeping wages low, seen in the flat line between 1750 and 1830. The size of the pie was increasing, but the workers’ slice was not.

Urban unemployment

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Robert C. Allen. 2001.TRX8386R - CARROSSERIE CHEVROLET CORVETTE Z06 red PEINTE ET DECOREE TRAXXAS,. Explorations in Economic History 38 (4): pp. 411–447.

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New opportunities

RCE-MB40X Multicopter Brushless ESC (HES04001) - Align - AL-HES04001,. 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 Odyssey X-7 Microlite RC Quadcopter Drone,. 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.Kyosho Inferno MP9E TKl1 black-weiss Readyset EP (KT331P)RTR 1 8,. Explorations in Economic History 38 (4): pp. 411–447.

Workers’ bargaining power

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Robert C. Allen. 2001.2E82 Toy Drone 720P Camera UAV Drone Quadcopter GPS 4CH 720P Camera RC Drone,. Explorations in Economic History 38 (4): pp. 411–447.

The escape from Malthusianism : The power of working people increased as they gained the right to vote and formed trade unions. These workers were able to claim a constant or rising share of the increases in productivity generated by the permanent technological revolution.

The escape from Malthusianism

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Robert C. Allen. 2001.795C Mini 6-Axis Gyro 2.4GHz 4CH Drone Foldable RC UAV Sky Stable Gimbal Hover,. Explorations in Economic History 38 (4): pp. 411–447.

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