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The American Economic Review Vol. 95, No. 3 (Jun., 2005) , pp. 546-579 (34 pages) Published By: American Economic Association https://www.jstor.org/stable/4132729 Read and download Log in through your school or library Alternate access options For independent researchers Subscribe to JPASS Unlimited reading + 10 downloads Purchase article $10.00 - Download now and later Monthly Plan
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Abstract The rise of Western Europe after 1500 is due largely to growth in countries with access to the Atlantic Ocean and with substantial trade with the New World, Africa, and Asia via the Atlantic. This trade and the associated colonialism affected Europe not only directly, but also indirectly by inducing institutional change. Where "initial" political institutions (those established before 1500) placed significant checks on the monarchy, the growth of Atlantic trade strengthened merchant groups by constraining the power of the monarchy, and helped merchants obtain changes in institutions to protect property rights. These changes were central to subsequent economic growth. Journal Information The American Economic Review is a general-interest economics journal. Established in 1911, the AER is among the nation's oldest and most respected scholarly journals in the economics profession and is celebrating over 100 years of publishing. The journal publishes 11 issues containing articles on a broad range of topics. Publisher Information Once composed primarily of college and university professors in economics, the American Economic Association (AEA) now attracts 20,000+ members from academe, business, government, and consulting groups within diverse disciplines from multi-cultural backgrounds. All are professionals or graduate-level students dedicated to economics research and teaching. Rights & Usage This item is part of a JSTOR Collection. Abstract This article estimates the development of manuscripts and printed books in Western Europe over the course of thirteen centuries. As these estimates show, medieval and early modern book production was a dynamic economic sector, with an average annual growth rate of around one percent. Rising production after the middle of the fifteenth century probably resulted from lower book prices and higher literacy. To explain the dynamics of medieval book production, we provide estimates for urbanization rates and for the numbers of universities and monasteries. Monasteries seem to have been most important in the early period, while universities and laypeople dominated the later medieval demand for books. Journal Information The Journal of Economic History is devoted to the multidisciplinary study of history and economics, and is of interest not only to economic historians but to social and demographic historians, as well as economists in general. The journal has broad coverage, in terms of both methodology and geographic scope. Topics covered include money and banking, trade, manufacturing, technology, transportation, industrial organisation, labour, agriculture, servitude, demography, education, economic growth, and the role of government and regulation. In addition, an extensive book review section keeps readers informed about the latest work in economic history and related fields. Instructions for Contributors at Cambridge Journals Online Publisher Information Cambridge University Press (www.cambridge.org) is the publishing division of the University of Cambridge, one of the world’s leading research institutions and winner of 81 Nobel Prizes. Cambridge University Press is committed by its charter to disseminate knowledge as widely as possible across the globe. It publishes over 2,500 books a year for distribution in more than 200 countries. Cambridge Journals publishes over 250 peer-reviewed academic journals across a wide range of subject areas, in print and online. Many of these journals are the leading academic publications in their fields and together they form one of the most valuable and comprehensive bodies of research available today. For more information, visit http://journals.cambridge.org. Rights & Usage This item is part of a JSTOR Collection. What were the political and cultural differences between 15th century China and Western Europe?Political consolidation occurred in both China and Western Europe, but in China this meant a unitary and centralized government that encompassed almost the whole of its civilization, while in Europe a decidedly fragmented system of many separate, independent, and competitive states made for a sharply divided ...
Which of the following is an accurate comparison of the Chinese and the Mexican Revolution during the twentieth century?Which of the following is an accurate comparison of the Chinese and Mexican Revolutions of the twentieth century? Both generated land-redistribution policies.
Which of the following is true of both India and China in the period from 1945 1990?Which of the following is true of both India and China in the period from 1945 to 1990 ? Both were colonies of a foreign power.
Which country experienced the most rapid economic growth during the second world war?The economies of the United States, Japan, West Germany, France, and Italy did particularly well. Japan and West Germany caught up to and exceeded the GDP of the United Kingdom during these years, even as the UK itself was experiencing the greatest absolute prosperity in its history.
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What is an accurate comparison of the political systems in Western Europe and China during the time period 1000 1300?
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