• Publications
  • Influence
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 in
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 board
Bowling for Fascism: Social Capital and the Rise of the Nazi Party
Using newly collected data on association density in 229 towns and cities in interwar Germany, we show that denser social networks were associated with faster entry into the Nazi Party. The effect is
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 of
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 and
The Three Horsemen of Riches: Plague, War and Urbanization in Early Modern Europe
How did Europe escape the “Iron Law of Wages?” We construct a simple Malthusian model with two sectors and multiple steady states, and use it to explain why European per capita incomes and
THE LONGEST YEARS: NEW ESTIMATES OF LABOR INPUT IN ENGLAND, 1760–1830
  • H. Voth
  • Economics, History
    The Journal of Economic History
  • 1 December 2001
TLDR
It is calculated that consumption per capita, adjusted for changes in leisure, remained essentially unchanged between 1760 and 1830, and adds further weight to pessimistic interpretations.
Credit Rationing and Crowding-Out During the Industrial Revolution: Evidence from Hoare's Bank, 1702-1862
C REDIT R ATIONING AND C ROWDING O UT DURING THE I NDUSTRIAL R EVOLUTION : E VIDENCE FROM H OARE ’ S B ANK , 1702-1862 P ETER T EMIN (MIT AND NBER) H ANS -J OACHIM V OTH (UPF, CREI, AND CEPR) A
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 the
A Century of Global Equity Market Correlations
In this paper, we use a unique long-run dataset of regulatory constraints on capital account openness to explain stock market correlations. Since stock returns themselves are highly volatile, any
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