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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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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).

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.NOVAROSSI 16001 CUSCINETTO POSTERIORE ACCIAIO 14.5X26X6,. 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.PAQUETE 20 PIEZAS FLEISCHMANN 20X 6024 BINARIO CURVADO R 357,5 H0 1 87 285mm R1,. 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.IBCrazy 2.4 GHz 10dBic Crosshair Antenna (LHCP),. 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.Carson 1 14 Fulda Box Trailer 3-axis Kit Lorry Trailer,.

Figure 2.19b The bubonic plague of 1348–50 was known as the Black Death. It killed 1.TRAXXAS 8251R Box Portals External Aluminium Red Left + Right,.

Robert C. Allen. 2001.Naza-M Lite GPS Quadcopter Drone Kit with M8N GPS FC 2212 Motors 30a ESC,. 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 SUBOTECH BG1522 1 14 2.4G 4WD Crawler Off-road RC Car with Headlight RTR NZVo,. Incomes rose as the plague abated.

Robert C. Allen. 2001.WLtoys K989 1 28 Electric RC Drift Racing Car 4WD 2.4GHigh Speed Remote Control,. 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 2X(JJRC H44WH DIAMAN 720P WIFI FPV zusammenklappbar Selbstausloeser Drohne Y1V1,. Despite the King’s actions, incomes continued to increase.

Robert C. Allen. 2001.7AC1 Multicopter Gift LED Headless Mode 4CH 6-Axis Gyro Drone,. 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.Propel Ultra-X + WiFi HD Drone with Live Video Streaming,. 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.New Vintage Tamiya The Grasshopper Original MINT Kit P N 5843 1984,. 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.MONDO MOTORS 63115 - RENAUL MEGANE TROP RC 1-24,. Explorations in Economic History 38 (4): pp. 411–447.

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Look again at 9C40 4.5CH Helicopter Quadcopter Boys Remote Control Plane Aircraft Original, and Tamiya 1 10 RC FARM KING TRACTOR Wheelie WR02G -Ready To Run-, 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.Jada Toys GIRLMAZING Big Foot Jeep R C Vehicle (1 16 Scale), Purple,.

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Robert C. Allen. 2001.C795 Funny Toy Gesture Photo Quadcopter 720P Camera UAV Drone 720P Camera Drone,. Explorations in Economic History 38 (4): pp. 411–447.

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Escaping the Malthusian trap

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Figure 2.21 Escaping the Malthusian trap.HSP 1 10 Scale 2.4GHz RTR Brushless Electric 4WD Remote Control RC On-Road Car,.

Robert C. Allen. 2001.Wltoys K989 1 28 2.4G 4WD Brushed RC Rally Car RTR,. 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.Yokomo 1 12 YRS Roadster EP ARTR Kit Green 2WD RWD RC Cars On Road GT-YRSG,.

Figure 2.21a In the eighteenth century, the Malthusian relationship persisted.New TAMIYA OEM 1 10 RC XB MERCEDES AMG GT3 PAINTED BODY COMPLETE KIT,.

Robert C. Allen. 2001.Syma X5SW- 2.4GHz 6 Axis 4CH RTF WiFi FPV Real-Time RC Quadcopter Camera,. 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.Intelligent Cady Wigi JJRC R6 Remote Control Programmable Dancing USB RC WQ,. 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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Figure 2.21c Tamiya TG10-Mk.1 Glow Nitro Lancia Delta Never Fired 4x4 Rc Car,. The size of the pie was increasing, but the workers’ slice was not.

Robert C. Allen. 2001.Revell Control Demon Quadcopter 720p HD Camera Drone.,. Explorations in Economic History 38 (4): pp. 411–447.

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New opportunities

Volantex Racent Angry Shark 81cm Speed Boat - Brushless RTR V798-2-BL,. Profits, competition, and technology drove businesses to expand. The demand for labour went up. People left farming for jobs in the new factories.

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Robert C. Allen. 2001.S6 720P WIFI Camera Quadcopter Altitude Hold Optical Flow Positioning Drone NZ,. Explorations in Economic History 38 (4): pp. 411–447.

Workers’ bargaining power

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Robert C. Allen. 2001.Mjx C4010 720p FPV Real Camera Rc Drone X101 X400-v2 X500 X600 X800 T64 T10 T55,. 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.Original Dji Mavic Pro Platinum Right Front Motor Arm M1 - vorne rechts,. Explorations in Economic History 38 (4): pp. 411–447.

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