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Full-Text Articles in Economic History
Conjectural Estimates Of Economic Growth In The Lower South, 1720 To 1800, Peter C. Mancall, Joshua L. Rosenbloom, Thomas Weiss
Conjectural Estimates Of Economic Growth In The Lower South, 1720 To 1800, Peter C. Mancall, Joshua L. Rosenbloom, Thomas Weiss
Joshua L. Rosenbloom
This paper describes the first step in a larger project to build up regional estimates of economic growth before 1800 in the parts of North America that became the United States. In it we employ the method of conjectural estimation to develop new estimates of the rate of economic growth in the Lower South (modern day North Carolina, South Carolina, Georgia, and Tennessee) from 1720 to 1800 for both colonists and the Native American population of the region. Contrary to the widely held view that GDP per capita grew at a rate of 0.3 to 0.6 percent per year during …
The Advent Of The Prosperous Society: The Rise Of The Guardian State And Structural Change In The World Economy, Giulio M. Gallarotti
The Advent Of The Prosperous Society: The Rise Of The Guardian State And Structural Change In The World Economy, Giulio M. Gallarotti
Giulio M Gallarotti
Over the last century there has been a fundamental change in the economic orientation of industrially advanced democracies, and this has had a pervasive impact on both their macroeconomies and their international economic relations. Put more starkly, changing expectations about prosperity and the role of government as an economic guardian have fundamentally reshaped the economic geography of the world economy. In humorous tone, it might even be called a cowardly new world, one in which societies refuse to brave the vagaries of unrestrained markets. This argument presents an alternative to traditional explanations of economics processes and relations in which scholars …
Computing The Extent Of Circumvention Of Proposition 13: A Response, Robert L. Sexton, Gary M. Galles
Computing The Extent Of Circumvention Of Proposition 13: A Response, Robert L. Sexton, Gary M. Galles
Robert L Sexton
ABSTRACT. Galles and Sexton (1998) showed that California state and local revenues exceeded their previous real per capita levels as did the sum of property taxes plus charges and miscellaneous revenues within a decade after Proposition 13 passed, and concluded that Proposition 13 was only temporarily successful at shrinking California state and local governments. Khoury and Pal (2000) challenge this conclusion. However, their conclusion that Proposition 13’s circumvention “has been only marginal” results from using per $1000 of income comparisons rather than real per capita comparisons and from using growth rate changes, which fail to adjust for U.S. fiscal trends, …