Saturday, March 14, 2026

Theories of economic development

From NOTE TO SELF: All of the Currently Live Theories of the Causes of the "European Miracle"
by Brad DeLong.  The subheading is & was the “European Miracle” 800-1914, 1492-1914, 1689-1914, or 1776-1914?...

As he notes, "of course, highly overlapping"

Local geography & resources (coal, land, disease environment):
Jared Diamond, Kenneth Pomeranz, Robert Allen, Paul Bairoch, Fernand Braudel, Mark Koyama & Jared Rubin, Eric Jones, Leonid Grinin & Andrey Korotayev

Institutions, property rights & representative government:
Douglass North & Robert Thomas, Daron Acemoglu–Simon Johnson–James Robinson, Avner Greif, Joel Mokyr, Gary Cox, DeLong & Shleifer, Robert Brenner, Chris Isett, Eric Jones

Political fragmentation, competition & “market for ideas”:
Jared Diamond, Joel Mokyr, Niall Ferguson, Eric Jones, James Belich, Mark Koyama, Tuan-Hwee Sng, De la Croix–Doepke–Mokyr (guilds/journeymen)

Culture, religion & “WEIRD” psychology / Protestant ethic:
Max Weber, David Landes, Deirdre McCloskey, Joseph Henrich, Larry Siedentop, Nathan Rosenberg & L.E. Birdzell, Timur Kuran (for Islamic-world contrast), Justin Yifu Lin, Yasheng Huang, Eric Jones

High-wage economy & inducement mechanisms (wages, prices, factor prices):
Robert Allen, Gregory Clark, Jan Luiten van Zanden, Stephen Broadberry, Bishnupriya Gupta, Allen–Bassino–Ma–Moll-Murata–van Zanden

New World, coal, & “accidents” (California school/contingency):
Kenneth Pomeranz, Prasannan Parthasarathi, Jack Goldstone, Andre Gunder Frank, John Hobson, Jeffrey Williamson, Diego Comin, Acemoglu–Zilibotti (risk/diversification)

Colonialism, slavery, & deindustrialization at the periphery:
Eric Williams, Paul Bairoch, Amiya Kumar Bagchi, Prasannan Parthasarathi, Jeffrey Williamson, Tirthankar Roy (partly revisionist), Daron Acemoglu et al. (institutional twist), James Walvin

Human capital, knowledge transmission, & guilds:
De la Croix–Doepke–Mokyr (guilds/journeymanship), Bas van Bavel & coauthors (capital goods diffusion), Timur Kuran (Islamic legal forms
& firms), Mark Dincecco (state capacity & public finance)

Demography, Black Death, & Malthusian-escape dynamics:
James Belich, Oded Galor, Mark Koyama & coauthors, David Weir, Allen/Bairoch/van Zanden on wages, demography,
& living standards

Globalization, trade structure & core–periphery dynamics (19th c. “Big Bang”):
Kevin O’Rourke, Jeffrey Williamson, Guillaume Daudin, Leandro Prados de la Escosura, Paul Bairoch, Leonid Grinin & Andrey Korotayev

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