Professor Gavin Wright Economics Landau Economics Building Winter AMERICAN ECONOMIC HISTORY

Transcription

1 Professor Gavin Wright Economics Landau Economics Building Winter AMERICAN ECONOMIC HISTORY The course is an introduction at the graduate level to economic history as an approach to economics, and a survey of major issues pertaining to the historical/institutional bases for the distinctive performance of the American economy. Class discussion is central to the course, and students are expected to come to class prepared to discuss the required (*) readings for that day. Course requirements are as follows: (1) leading a class discussion for approximately 30 minutes, based on an article in the field (in most cases this will be an unstarred reading on the syllabus); (2) an open-book final exam; (3) a term paper, which may be a critical review of a relevant paper or book. [Those completing the economic history field may submit one "field paper" rather than separate term papers for each course.] Written proposals for the term paper must be approved by me prior to March 10. Three books have been ordered for purchase:naomi Lamoreaux, Insider Lending (Cambridge University Press, 1994); Joshua Rosenbloom, Looking for Work, Searching for Workers (Cambridge, 2002); Erik Brynjolfsson and Brian Kahin (eds.), Understanding the Digital Economy (MIT Press,. Abbreviations AER EEH EHR JEH JEL JEP JPE QJE American Economic Review Explorations in Economic History Economic History Review Journal of Economic History Journal of Economic Literature Journal of Economic Perspectives Journal of Political Economy Quarterly Journal of Economics I. American Economic History as a Field of Study *Paul A. David, "Understanding the Economics of QWERTY: The Necessity of History," *Gavin Wright, "Quantitative Economic History in the United States," forthcoming in the International Encyclopedia of Social and Behavioral Sciences Alexander J. Field, "Not What it Used to Be: The Cambridge Economic History of the United States, Volumes II and III", JEH 61 (September 2001) J. Bradford DeLong, "The Shape of Twentieth Century Economic History," NBER Working Paper #7569 (February

2 II. Institutions, People and Markets *Evsey D. Domar, "The Causes of Slavery or Serfdom: A Hypothesis," JEH (March 1970) *Daniel Scott Smith, "A Malthusian-Frontier Interpretation of US Demographic History Before c. 1815," in W. Borah et al, Urbanization in the Americas (1980) Winifred Rothenberg, "The Market and Massachusetts Farmers," JEH 41 (June 1981) Farley Grubb, "The Transatlantic Market for British Convict Labor," JEH 60 (March Farley Grubb, "The Statutory Regulation of Colonial Servitude," EEH 37 (January Ann M. Carlos and Frank D. Lewis, "Indians, the Beaver, and the Bay," JEH 53 (September 1993) III. The Economics of Revolution and Nationhood Marc Egnal and Joseph A. Ernst, "An Economic Interpretation of the American Revolution," William and Mary Quarterly (January 1972) Charles Calomiris, "Institutional Failure, Monetary Scarcity, and the Depression of the Continental, " JEH 48 (March 1988) *Richard Sylla, "Financial Systems and Modernization," JEH 62 (June 2002) B. Zorina Kahn and Kenneth Sokoloff, "The Early Development of Intellectual Property Institutions in the United States," JEP 15 (Summer 2001) Jeffrey A. Frankel, "The Embargo Against Great Britain," JEH 42 (June 1982) IV. The Nineteenth-Century Transition to Modern Economic Growth A. Transportation Revolution and Market Revolution *Daniel B. Klein, "The Voluntary Provision of Public Goods? The Turnpike Companies of Early America," Economic Inquiry (October 1990) *Albert Fishlow, "The Dynamics of Railroad Extension into the West," from Railroads and the Transformation of the Antebellum Economy Mark Kanazawa, "Possession is Nine points of the Law: The Political Economy of Early Public Land Disposal," EEH 33 (April 1996) Douglas J. Puffert, "The Standardization of Track Gauge on North American Railways, ," JEH 60 (December B. Slave Plantation and Family Farm: Do Institutions Matter? *Paul David, "The Mechanization of Reaping," in Technical Choice, Innovation and Growth *Alan L. Olmstead and Paul Rhode, "Beyond the Threshold," JEH 55 (March 1995) Heywood Fleisig, "Slavery, the Supply of Agricultural Labor, and the Industrialization of the South," JEH 36 (September 1976) David Weiman, "Peopling the Land by Lottery? The Market in Public Lands and the Regional Differentiation of Territory on the Georgia Frontier," JEH 51 (December 1991) Christopher Hanes, "Turnover Cost and the Distribution of Slave Labor in Anglo-America,"

3 JEH 56 (June 1996) C. The Rise of American Industry: Institutions, Technology, Protection *Naomi Lamoreaux, Insider Lending, pp. 1-10, chapters 1 and 3 Claudia Goldin and Kenneth Sokoloff, "The Relative Productivity Hypothesis of Industrialization," QJE 99 (August 1984) *Douglas A. Irwin and Peter Temin, "The Antebellum Tariff on Cotton Textiles Reconsidered," and "Comment" by C. Knick Harley, JEH 61 (September 2001) V. U.S. Rise to International Pre-Eminence A. American Industrial Leadership *Gavin Wright, "The Origins of American Industrial Success," AER 80 (September 1990) *Paul M. Romer, "Why, Indeed in America?" AER (May 1996) Gregory Clark, "Why Isn't the Whole World Developed?" JEH 47 (March 1987) S.N. Broadberry and S. Ghosal, "From the Counting House to the Modern Office: Explaining Anglo-American Productivity Differences in Services, ," JEH 62 (December 2002) B. Technology, Markets and Business Enterprise *Alfred D. Chandler, "Organizational Capabilities and the Economic History of the Industrial Enterprise," JEP 6 (Summer 1992) Alexander Field, "Modern Business Enterprise as a Capital-Saving Innovation," JEH (June 1987) Charles W. McCurdy, "American Law and the Marketing Structure of the Large Corporation, ," JEH (September 1978) Naomi Lamoreaux and Kenneth Sokoloff, "Market Trade in Patents and the Rise of a Class of Specialized Inventors in the Nineteenth Century United States," AER 91 (May 2001) Leslie Hannah, "Marshall's Trees' and the Global Forest': Were Giant Redwoods Different?," in N. Lamoreaux, D. Raff, and P. Temin (eds.), Learning by Doing in Markets, Firms and Countries C. Mass Immigration and Labor Markets Susan B. Carter and Richard Sutch, "Historical Perspective on the Economic Consequences of Immigration into the United States," in Charles Hirschman, Philip Kasinits, and Josh DeWind (eds.), The Handbook of International Migration: The American Experience (1999). [Also NBER Historical Paper #106 (December 1997)] *Joshua Rosenbloom, Looking for Work, Searching for Workers (2002), chapters 1-3,7

4 VI. The American Century? A. The "New Economy" of the 1920s and Beyond *Paul A. David and Gavin Wright, "Early Twentieth Century Growth Dynamics," SIEPR Discussion Paper No (April 1999) Claudia Goldin and Lawrence F. Katz, "The Origins of Technology-Skill Complementarity," QJE (August 1998) Robert J. Gordon, "US Economic Growth Since 1870: One Big Wave?" AER 89 (May 1999) *Claudia Goldin, "The Human-Capital Century and American Leadership," JEH 61 (June 2001) Daron Acemoglu, "Why Do New Technologies Complement Skills?" QJE 113 (1998) Perry Mehrling, "Economists and the Fed: Beginnings," JEP 16 (Fall 2002). B. Causes of the Great Depression *Eugene White, "The Stock Market Boom and the Crash of 1929," JEP 4 (Spring 1990) Peter Rapoport and Eugene White, "Was There a Bubble in the 1929 Stock Market?" JEH 53 (September 1993). Also AER 84 (March 1994) Christina Romer, "The Great Crash and the Onset of the Great Depression," QJE 105 (August 1990) Martha L. Olney, "Avoiding Default: The Role of Credit in the Consumption Collapse of 1930," QJE 114 (February 1999) *Curtis J. Simon, "The Supply Price of Labor During the Great Depression," JEH 61 (December 2001) *Charles Calomiris, "Financial Factors in the Great Depression," JEP 7 (Spring 1993) Harold Cole and Lee Ohanian, "The U.S. and U.K. Great Depressions through the Lens of Neoclassical Growth Theory," AER 92 (May 2002) C. Structural Change and Political Economy William J. Collins, "When the Tide Turned: Immigration and the Delay of the Great Black Migration," JEH 57 (September 1997) *Gavin Wright, "Understanding the Gender Gap: A Review Article," JEL (1991) *Richard Freeman, "Spurts in Union Growth," in M. Bordo, C. Goldin, E. White (eds.), The Defining Moment? (1998) Christopher Hanes, "Nominal Wage Rigidity and Industry Characteristics in the Downturns of 1893, 1929, and 1981" AER 90 (May Chiaki Moriguchi, "The Evolution of Employment Relations in U.S. and Japanese Manufacturing Firms: A

5 Comparative Historical and Institutional Analysis," NBER Working Paper 7939 (October VII. The Golden Age: Convergence and Diffusion *Moses Abramovitz, "Catching Up, Forging Ahead, Falling Behind," JEH 46 (1986) *Gavin Wright, "The Economic Revolution in the American South," JEP (1987) Francesco Caselli and Wilbur John Coleman II, "The U.S. Structural Transformation and Regional Convergence: A Reinterpretation," JPE 109 (2001) Alan Olmstead and Paul Rhode, "Diffusion of the Tractor," JEH 61 (September 2001) David M. Cutler, Edward Glaeser and Jacob L. Vigdor, "The Rise and Decline of the American Ghetto," JPE 107 (1999) Dora Costa, "From Mill Town to Board Room: The Rise of Women's Paid Labor," JEP 14 (Fall Sue Bowden and Avner Offer, "Household Appliances and the Use of Time," EHR 47 (1994) Gavin Wright, "The Civil Rights Revolution as Economic History," JEH 59 (June 1999) John Joseph Wallis, "American Government Finance in the Long Run: ," JEP 14 (Winter VIII. The Age of Anxiety *Paul A. David, "Understanding Digital Technology's Evolution and the Path of Measured Productivity Growth," in Brynjolffson and Kahin (eds.), Understanding the Digital Economy (2001) Erik Brynjolfsson and Lorin M. Hitt, "Beyond Computation and Information Technology," JEP 14 (Fall Robert J. Gordon, "Does the New Economy' Measure Up to the Great Inventions of the Past?" JEP 14 ( Christina Romer, "Changes in Business Cycles," JEP 13 (Spring 1999) Laith Munasinghe, Brendan O'Flaherty, and Stephan Danninger, "Globalization and the Rate of Technological Progress: What Track and Field Records Show," JPE 109 (2001) David S. Lee, "Wage Inequality in the U.S. during the 1980s," QJE 114 (August 1999) William E. Kovacic and Carl Shapiro, ""Antitrust Policy: A Century of Economic and Legal Thinking," JEP 14 (Winter A. Myrick Freeman III, "Environmental Policy Since Earth Day I: What Have We Gained?" JEP 16 (Wnt 02)