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| how do u deteremine living standards |
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1. complete wage
2. grain wage,
3 caloric intake
4 consumption share
5. height |
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| before 1800 avg children and br/dr |
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e0 = 1/BR
BR = births/1000 |
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| virtues of malthusian model |
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fertility limitation
bad sanitation
violence
harvest failures
infanticide
indolence
taxation |
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| vices of the malthusian model |
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fecundity
cleanliness
peace
public granery
hardwork
fiscal prudence |
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| births/woman who reaches end of reproductive cycle |
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| evidence comparison b/w england in 1300 and 2000 |
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low tax rates
modest social transfers
stable money
low public debt
security of property
security of person
social mobility
free goods markets
free labor markets
free capital markets
free land markets
rewards for knowledge creation |
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exogenous shock- why only in england?
multiple equilibria- economic incentives in place in england...high wages..why not athens?
endogenous growth- more people.. more ideas |
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