We study the effects of the adoption of new agricultural technologies on structural
transformation. To guide empirical work, we present a simple model where the effect of …

Developing countries made considerable gains during the first decade of the 21st century.
Their economies grew at unprecedented rates, resulting in large reductions in extreme …

The role of agricultural productivity in economic development is addressed in a two-sector
model of endogenous growth in which (a) preferences are non-homothetic and the income …

The originators of classical political economy—Adam Smith, David Ricardo, James Steuart,
and others—created a discourse that explained the logic, the origin, and, in many respects …

This paper asks whether adjustment processes over real time help to “select” the long-run
outcome in a model of industrialization, where multiple stationary states exist because of …

Allan Kulikoff's provocative new book traces the rural origins and growth of capitalism in
America, challenging earlier scholarship and charting a new course for future studies in …

Manufacturing firm data for 1820 to 1850 are employed to investigate the role of women and
children in the industrialization of the American Northeast. The principal findings include:(1) …

In this pioneering work, Winifred Barr Rothenberg documents the emergence of a market
economy in rural Massachusetts decades before America's first industrial revolution and …

Out of Work chronicles the history of unemployment in the United States. It traces the
evolution of the problem of joblessness from the early decades of the nineteenth-century to …

Howard Bodenhorn's State Banking in Early America studies the financial experimentation
that took place in the United States between 1790 and 1860. Dr. Bodenhorn's book explores …