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Persecution Perpetuated: The Medieval Origins of Anti-Semitic Violence in Nazi Germany
How persistent are cultural traits? This paper uses data on anti-Semitism in Germany and finds continuity at the local level over more than half a millennium. When the Black Death hit Europe inExpand
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Betting on Hitler - the Value of Political Connections in Nazi Germany
This paper examines the value of connections between German industry and the Nazi movement in early 1933. Drawing on previously unused contemporary sources about management and supervisory boardExpand
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State Capacity and Military Conflict
In 1500, Europe was composed of hundreds of statelets and principalities, with weak central authority, no monopoly over the legitimate use of violence, and multiple, overlapping levels ofExpand
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Time and Work in Eighteenth-Century London
Witnesses accounts are used to analyse changes in working hours between 1750 and 1800. Two findings stand out. The paper demonstrates that the information contained in witnesses accounts allows us toExpand
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Path dependence and the quest for historical economics : one more chorus of the ballad of QWERTY
The term path dependence (PD) here refers to a dynamic property of allocative processes, pertaining to non-ergodic stochastic systems -those whose asymptotic distributions evolve as a function of theExpand
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Riding the South Sea Bubble
This paper presents a case study of a well-informed investor in the South Sea bubble. We argue that Hoare's Bank, a fledgling West End London banker, knew that a bubble was in progress andExpand
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Gifts of Mars: Warfare and Europe's Early Rise to Riches
Western Europe surged ahead of the rest of the world long before technological growth became rapid. Europe in 1500 already had incomes twice as high on a per capita basis as Africa, and one-thirdExpand
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Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2009
Does fiscal consolidation lead to social unrest? Using cross-country evidence for the period 1919 to 2008, we examine the extent to which societies become unstable after budget cuts. The results showExpand
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Human capital, equipment investment, and industrialization
This paper constructs simple models in which industrialization is driven by human capital accumulation. Industrialization can explain the robust correlation between equipment investment and growth inExpand
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With a Bang, Not a Whimper: Pricking Germany's 'Stock Market Bubble' in 1927 and the Slide into Depression
Asset price inflation presents central banks with a puzzle. I examine the case of Germany, 1925-7, when the Reichsbank intervened to bring down stock prices, rectify imbalances and curb speculation.Expand
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