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This benchmark volume addresses the debate over the effects of early industrialization on standards of living during the decades before the Civil War. Its contributors demonstrate that the aggregate antebellum economy was growing faster than any other large economy had grown before. Despite the dramatic economic growth and rise in income levels, questions remain as to the general quality of life during this era. Was the improvement in income widely shared? How did economic growth affect the nature of work? Did higher levels of income lead to improved health and longevity? The authors address these questions by analyzing new estimates of labor force participation, real wages, and productivity, as well as of the distribution of income, height, and nutrition.
Why did Europe experience industrialisation and modern economic growth before China, India or Japan? This is one of the most fundamental questions in Economic History and one that has provoked intense debate. The main concern of this book is to determine when the gap in living standards between the East and the West emerged. The established view, dating back to Adam Smith, is that the gap emerged long before the Industrial Revolution, perhaps thousands of years ago. While this viewhas been called into question - and many of the explanations for it greatly undermined - the issue demands much more empirical research than has yet been undertaken. How did the standard of living in Europe and Asia compare in the seventeenth and eighteenth centuries? The present book proposes ananswer by considering evidence of three sorts. The first is economic, focusing on income, food production, wages, and prices. The second is demographic, comparing heights, life expectancy and other demographic indicators. The third combines the economic and demographic by investigating the demographic vulnerability to short-term economic stress.The contributions show the highly complex and diverse pattern of the standard of living in the pre-industrial period. The general picture emerging is not one of a great divergence between East and West, but instead one of considerable similarities. These similarities not only pertain to economic aspects of standard of living but also to demography and the sensitivity to economic fluctuations. In addition to these similarities, there were also pronounced regional differences within the East andwithin the West - regional differences that in many cases were larger than the average differences between Europe and Asia. This clearly highlights the importance of analysing several dimensions of the standard of living, as well as the danger of neglecting regional, social, and household specificdifferences when assessing the level of well-being in the past.
Living Standards in Southeast Asia: Changes over the Long Twentieth Century, 1900-2015 examines changes in living standards across the ten countries of Southeast Asia (Indonesia, Malaysia, Singapore, Philippines, Thailand, Brunei, Myanmar, Vietnam, Cambodia and Laos) from the early years of the 20th century to the early 21st century. It covers both the last decades of the colonial period, the transition to independence and the decades from 1960 to the 2010s. The study uses a range of monetary and non-monetary indicators to assess how living standards have changed over time. It examines the outcomes in the context of debates about economic growth, inequality and poverty alleviation which began in the 1960s and 1970s, and continue to the present.
Between 1200 and 1520 medieval English society went through a series of upheavals: this was an age of war, pestilence and rebellion. This book explores the realities of life of the people who lived through those stirring times. It looks in turn at aristocrats, peasants, townsmen, wage-earners and paupers, and examines how they obtained their incomes and how they spent them. This revised edition (1998) includes a substantial new concluding chapter and an updated bibliography.
This highly original book -- the first in a series analyzing historical population behavior in Europe and Asia -- pioneers a new approach to the comparative analysis of societies in the past. Using techniques of event history analysis, the authors examine 100,000 life histories in 100 rural communities in Western Europe and Asia to analyze the demographic response to social and economic pressures. In doing so they challenge the accepted Eurocentric Malthusian view of population processes and demonstrate that population behavior has not been as uniform as previously thought -- that it has often been determined by human agency, particularly social structure and cultural practice. The authors examine the complex relationship between human behavior and social and economic environment, analyzing age, gender, family, kinship, social class and social organization, climate, food prices, and real wages to compare mortality responses to adversity. Their research at the individual, household, and community levels challenges the previously accepted characterizations of social and economic behavior in Europe and Asia in the past. The originality of the analysis as well as the geographic breadth and historical depth of the data make Life Under Pressure a significant advance in the field of historical demography. Its findings will be of interest to scholars in economics, environmental studies, demography, history, and sociology as well as the general reader interested in these subjects.
Measuring Up traces the high levels of poverty and inequality that Mexico faced in the mid-twentieth century. Using newly developed multidisciplinary techniques, the book provides a perspective on living standards in Mexico prior to the first measurement of income distribution in 1957. By offering an account of material living conditions and their repercussions on biological standards of living between 1850 and 1950, it sheds new light on the life of the marginalized during this period. Measuring Up shows that new methodologies allow us to examine the history of individuals who were not integrated into the formal economy. Using anthropometric history techniques, the book assesses how a large portion of the population was affected by piecemeal policies and flaws in the process of economic modernization and growth. It contributes to our understanding of the origins of poverty and inequality, and conveys a much-needed, long-term perspective on the living conditions of the Mexican working classes.
Too many of the world’s citizens face impoverished living standards. The economic and financial crises have made matters worse. The viewpoint of Living Standards and Social Well-Being is that the fundamental objective for an economy is provisioning, not simply efficiency. The chapters in this volume examine how economies across the globe come to understand what constitutes a living and how they can improve living standards, including balancing paid work with family life and civic responsibility. The authors provide historical, theoretical, and empirical studies of moving economies at the macro level and households at the micro level toward improved living standards. It is argued that achieving well-being and decent living standards, through work and welfare state policies, is a social responsibility. Such improvements could be delivered through basic income policies, family support, job guarantees, decent work, shorter work weeks, and support from social welfare. These issues are important for economics and the other social sciences and in particular for social economics. This book was published as a special issue of the Review of Social Economy.
The recent work has focused on physical welfare, often referred to as “biological” well-being.
In economics, the voluntary sector is surprisingly understudied. In order to fully understand economics, unpaid and voluntary work needs to be taken into account and afforded the same status as paid activities. This book constitutes a rigorous economic analysis with special emphasis on gender issues and covers every conceivable angle of unpaid work and all its ramifications for the modern economy. The unified vision offered by this group of leading contributors ensures this book is a work of excellent quality. There is every chance it will become a seminal study on unpaid work and as such will provide a useful reference for students and academics involved in gender studies, econometrics, and consumption studies.
An insightful and original look at why understanding macroeconomics is essential for all investors