Colonialism and Industrialization: Empirical Results

This paper presents theory and evidence to show that imperialism was a major factor impeding the spread of the industrial revolution during the century ending in the 1950s. Two empirical results stand out. First, analysis of historical evidence shows that most sovereign countries were implementing active industrial policies during the nineteenth century, while policies in dependent countries were biased in the opposite direction. Second, when allowance is made for economic determinants, industrialization in dependent countries in 1960 is found to be significantly lower than in sovereign countries. This result is shown to be quite robust to changes in data, sample size, functional forms, and specifications of the estimating equations. In particular, the basic results are not affected by the inclusion of a dummy for Sub-Saharan Africa

Some Economic Results of the Civilizing Mission

This paper proposes three tasks. It briefly delineates the character of the civilizing mission and the interests it served, especially the colonization of Asia and Africa. In addition, the claims of the civilizing mission and the neoclassical theory of trade are tested empirically by comparing growth rates of sovereign countries and colonies, and of colonies before and after they gained sovereignty. Finally, we offer a quick review of the changing dynamics of the global economy as goods which were hitherto non-tradable become increasingly tradable.Civilizing mission; imperialism; colonization; global economy; neoclassical theory; free trade; growth rates; non-tradable goods; tradable goods

Global Disparities Since 1800:Trends and Regional Patterns

This paper reviews the growing body of evidence on the relative economic standing of different regions of the world in the late eighteenth and early nineteenth centuries. In general, it does not find support for Eurocentric claims regarding Western Europe’s early economic lead. The Eurocentric claims are based primarily on estimates of a per capita income, which are plagued by conceptual problems, make demands on historical data that are generally unavailable, and they use questionable assumptions to reconstruct early per capita income. A careful examination of these conjectural estimates of per capita income, however, does not support claims that Western Europe had a substantial lead over the rest of the world at the beginning of the nineteenth century. An examination of several alternative indices of living standards in the late eighteenth or early nineteenth centuries – such as real wages, labor productivity in agriculture, and urbanization – also fails to confirm claims of European superiority. In addition, this paper examines the progress of global disparities – including the presence of regional patterns – using estimates of per capita income.Global economy; Disparities; Regional patterns; Per capita income; Real wages; Labor productivity; Agriculture; Eurocentric

Some Economic Results of the Civilizing Mission

This paper proposes three tasks. It briefly delineates the character of the civilizing mission and the interests it served, especially the colonization of Asia and Africa. In addition, the claims of the civilizing mission and the neoclassical theory of trade are tested empirically by comparing growth rates of sovereign countries and colonies, and of colonies before and after they gained sovereignty. Finally, we offer a quick review of the changing dynamics of the global economy as goods which were hitherto non-tradable become increasingly tradable

Global Disparities Since 1800:Trends and Regional Patterns

This paper reviews the growing body of evidence on the relative economic standing of different regions of the world in the late eighteenth and early nineteenth centuries. In general, it does not find support for Eurocentric claims regarding Western Europe’s early economic lead. The Eurocentric claims are based primarily on estimates of a per capita income, which are plagued by conceptual problems, make demands on historical data that are generally unavailable, and they use questionable assumptions to reconstruct early per capita income. A careful examination of these conjectural estimates of per capita income, however, does not support claims that Western Europe had a substantial lead over the rest of the world at the beginning of the nineteenth century. An examination of several alternative indices of living standards in the late eighteenth or early nineteenth centuries – such as real wages, labor productivity in agriculture, and urbanization – also fails to confirm claims of European superiority. In addition, this paper examines the progress of global disparities – including the presence of regional patterns – using estimates of per capita income

Some Economic Results of the Civilizing Mission

This paper proposes three tasks. It briefly delineates the character of the civilizing mission and the interests it served, especially the colonization of Asia and Africa. In addition, the claims of the civilizing mission and the neoclassical theory of trade are tested empirically by comparing growth rates of sovereign countries and colonies, and of colonies before and after they gained sovereignty. Finally, we offer a quick review of the changing dynamics of the global economy as goods which were hitherto non-tradable become increasingly tradable

Constant Returns to Scale: Can the Neoclassical Economy Exist?

Constant returns to scale (CRS) is one of the corner-stones of the competitive general equilibrium paradigm of neoclassical economics. This note argues that the equilibrium solutions of this paradigm are not compatible with CRS. CRS implies that all producers (whatever their scale of production) can produce goods at the same unit costs: and this makes self-production a feasible alternative to market production. In the event, an infinite number of equilibria become possible with a mix of markets and self-production. If labor is the only factor of production, self-production becomes the only option: and the market economy ceases to exist

Economic Growth with Energy

This paper works out some of the basic properties of an economy with energy as a factor of production. The economy now consists of streams of energy conversions that direct energy to the production of goods and services. The focus on energy generates a variety of insights. It yields a new taxonomy of economies and economic activities; allows a better grasp of the tasks performed by labor and capital; raises the prospect of examining growth as the speeding up of machines; and identifies greater use of energy as an important source of growth. In addition, we use these results to explain the near stagnation in living standards in agrarian economies in the millennia before 1800, and the dramatic acceleration in growth since that date

Economic Growth with Energy

This paper works out some of the basic properties of an economy with energy as a factor of production. The economy now consists of streams of energy conversions that direct energy to the production of goods and services. The focus on energy generates a variety of insights. It yields a new taxonomy of economies and economic activities; allows a better grasp of the tasks performed by labor and capital; raises the prospect of examining growth as the speeding up of machines; and identifies greater use of energy as an important source of growth. In addition, we use these results to explain the near stagnation in living standards in agrarian economies in the millennia before 1800, and the dramatic acceleration in growth since that date