Category Archives: Economic History

Back to the future for economic inequality

Apart from global warming, it is arguably the rise in economic inequality witnessed over the past forty years that constitutes the most significant threat to our democratic social order. Unlike pandemics or acts of terrorism, inequality develops insidiously during which … Continue reading

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US Income Distribution

  Source: http://g-mond.parisschoolofeconomics.eu/topincomes/

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Earthquakes in Japanese Economic History

Situated at the confluence of four tectonic plates, the islands of Japan is subject to a high level of seismic activity. Large scale earthquakes has historically occurred in fifty-year cycles with the most recent Tōhoku earthquake of 11th March 2011 … Continue reading

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Demographic Composition and Economic Development

There is often a causal relationship between a country’s demographic composition and its relative economic performance. Ceteris paribus, the greater proportion of working age individuals in a population, the greater capacity a country has for production of goods and services … Continue reading

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Glass Beads for the African Trade

A favourite currency among European and African alike during the 19th century was glass beads. Inexpensive and portable for the European explorer or trader and having a high intrinsic value for the natives, it was used extensively for the exchange … Continue reading

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A Recurring Greek Tragedy

The perils of relying upon debt to balance one’s books has been clearly demonstrated by the current financial crisis engulfing the Western economies. A particularly striking example is Greece, where revelations of gross misconduct on behalf of the state has … Continue reading

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The ‘North-South Divide’, still relevant today?

The sharp division between developed and developing countries is often described as the “North-South Divide.” The term was coined during the cold war as a way to geographically categorise countries on the basis of their socio-economic development level. With the … Continue reading

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