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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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Look at the three isocost lines in 117C RC HD Toy 2.4Ghz 4CH RC 480P Aircraft SG800 Gift Drone Outdoor Hover,.

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.NIKKO R C SYSTEMS DIGITAL Channel PROPORTIONAL REMOTE CONTROL .27.145 MH.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.Traxxas Portal housings, inner (front), 6061-T6 aluminum (green-anod - Z-TRX8...,. 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. 2001.8E7D 2pcs 2.4G 4CH 6-Axis Quadcopter Toy Gift RC Drone Beginning Ability Sky,. 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)

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Figure 2.19b The bubonic plague of 1348–50 was known as the Black Death. It killed 1.HIROBO FREYA EVO TAIL redOR GEARBOX ASSEMBLY,.

Robert C. Allen. 2001.Vintage 1980s Nikko Toyota Land Cruiser G6 Off-Road Special R C Car NICE ,. Explorations in Economic History 38 (4): pp. 411–447.

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Wages rose following the plague

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Robert C. Allen. 2001.Selfie Foldable 2.4G 6Axis HD Camera WIFI FPV RC Quadcopter Portable Drone MR,. Explorations in Economic History 38 (4): pp. 411–447.

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Farmers and workers used their power

RADIOFLY MAY DAY 2.0 24 CM 2 ELICOTTERI,. Despite the King’s actions, incomes continued to increase.

Figure 2.19d MORLEY MXB MAIN SHAFT & TAIL DRIVE GEARBOX ASSEMBLY,. Despite the King’s actions, incomes continued to increase.

Robert C. Allen. 2001.Vintage HPI racing mini super radial tires ITEM 4530 fit tamiya m-chassis,. 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.Hubsan X4 Desire H502E Quadcopter GPS Return To Home - White - Free UK Delivery,. 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.Traxxas 77086-4 green X-Maxx 8S Brushless 1 5 4WD TQi Wireless Stabi-System TSM,. 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.Nikko 9021 Nanotrax RC Car, bluee,. Explorations in Economic History 38 (4): pp. 411–447.

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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.Runcam Racer 4 3 Micro FPV Camera - 2.1mm,.

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Robert C. Allen. 2001.[NEW] Sinohobby MINI-Q Slash TR-Q7B 1 28 Carbon Fiber Racing Brushed RC Car,. 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.Redcat Racing RC Crawler Gen7 SPORT 1 10 silver Edition RTR 2,4Ghz - RC00003,. 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.SMRC RC Drone Foldable 2.4G WIFI With FPV HD camera Remote Control Quadcopter UK,.

Figure 2.21a In the eighteenth century, the Malthusian relationship persisted.Remote Control Drone Net UAV Predection Indoors Outdoors Toys 50mm Mesh Netting,.

Robert C. Allen. 2001.X5SW WIFI FPV RC Drone 6-Axis 2.4GHz Quadcopter HD Camera Foldable Drones Toy,. 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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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.Ural 1 16 6WD RTR RC Car 20KM H High Speed Racing Climbing Powerful Car Toy Gift,. Explorations in Economic History 38 (4): pp. 411–447.

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New opportunities

F9EA GPS One Key Landing Speed Adjustable One Key Take Off Headless Mode,. 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 Kyosho 32424W-B Honda Civic 2WD Type R Championship White Car RTR MINI-Z FWD,. 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.Quadcopter S31 Headless Mode Mini RC Helicopter Drone 2.4Ghz 6-Axis Gyro NZ,. Explorations in Economic History 38 (4): pp. 411–447.

Workers’ bargaining power

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Robert C. Allen. 2001.L100 6-Axis 1080P Wide Angle 5G RC Drone Quadcopter Aircraft WiFi FPV GPS LD,. 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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