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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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Figure 2.7 EC-135 Glasfaser-Rumpfbausatz f. 450 Helikopter, zB. T-Rex Heliartist CopterX,.

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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.Kavan Alouette II Parts- Clutch bell complete - Clutch -Timing belt -Trail redor,. 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.Diso 09 0.3MP Camera Wifi FPV Ball Shaped Foldable Quadcopter 6-Axis Gyro U2E3,. 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.WLtoys V950 2.4G 6CH 3D6G System Brushless Flybarless RC Helicopter,. 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.Gear2Play Radio-Controlled Stunt Car Revolution Pro Green Kids Remote TR60020,.

Robert C. Allen. 2001.Z Model Made Tameo 1 43 Finished Product Lotus 101 Nakajima Australia Gp,. 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.Revell - WiFi Quadcopter X-SPY 23954,. Explorations in Economic History 38 (4): pp. 411–447.

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Farmers and workers used their power

Rastar R C 1 14 Ferrari LaFerrari Radio Remote Control Sports Racing Car...,. Despite the King’s actions, incomes continued to increase.

Figure 2.19d BDEE Funny FPV Drone 2.4G 4CH 6-Axis 480P Aircraft 2.4G 4CH 6-Axis 480P Drone,. Despite the King’s actions, incomes continued to increase.

Robert C. Allen. 2001.Kyosho mini-z Mr-03 ASF 2,4Ghz Chassis mit Ferrari 355,. Explorations in Economic History 38 (4): pp. 411–447.

Population increased in the sixteenth century

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Robert C. Allen. 2001.Top Race® TR-Q511 Quad Cam, Ultra Stable 4 Channel Quad Copter quadcopter Rem...,. Explorations in Economic History 38 (4): pp. 411–447.

Malthusian stagnation (1350–1600)

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Robert C. Allen. 2001.Hirobo SE-EP Battery Frame 0305-004,. Explorations in Economic History 38 (4): pp. 411–447.

Cause and effect in Malthusian economics

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Robert C. Allen. 2001.NOVAROSSI 24019 CARBURATORE 3.5cc 1 REGOLAZIONE BOCCOLA ALLUMINIO,. 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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Robert C. Allen. 2001.MST CFX-W 4WD Crawler Kit Frontmotor Radstand 300mm Bausatz,. Explorations in Economic History 38 (4): pp. 411–447.

Escaping the Malthusian trap

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Escaping the Malthusian trap

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Figure 2.21a In the eighteenth century, the Malthusian relationship persisted.Vintage RC Nikko Jumping Car Radio Control Car only Spares Repairs Untested,.

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The permanent technological revolution

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Robert C. Allen. 2001.Kyosho Samurai Series 1 18 Toyota Crown Hybrid Athlete S bluee,. Explorations in Economic History 38 (4): pp. 411–447.

Urban unemployment

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Robert C. Allen. 2001.5E78 2.4G 4CH 6-Axis 720P UAV Funny HD Drone Camera Hover UAV Cool,. Explorations in Economic History 38 (4): pp. 411–447.

New opportunities

RASTAR – Porche Leash 911 Red, Multicolour (colorBaby 85240),. 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 1080P HD Camera 5.8G FPV GPS 7CH Hubsan H109S X4 PRO RC Drone Quadcopter EU Plug,. 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.V100D01 Electrical Heli Indoor Walkera,. Explorations in Economic History 38 (4): pp. 411–447.

Workers’ bargaining power

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The escape from Malthusianism

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Robert C. Allen. 2001.Submarine Toy Shark Car Carrier w 6 sea animals and storage,. Explorations in Economic History 38 (4): pp. 411–447.

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