People

Academic books

 

Lending to the Borrower from Hell: Debt, Taxes, and Default in the Age of Philip II (with M. Drelichman), Princeton: Princeton University Press (under contract).

 

Time and Work in England, 1750-1830, Oxford: Oxford University Press, 2001. Reedited as Time and Work in England during the Industrial Revolution (Xlibris, forthcoming 2012).

 

Prometheus Shackled: Goldsmith Banks and England's Financial Revolution after 1700 (with P. Temin). In process.

Access to draft, July 2011 [+]

 

Recent articles in edited volumes

 

Trading Silver for Gold. 19th Century Asian Exports and the Political Economy of Currency Union (with K. Mitchener) in R. Barro, J. Lee (eds.), Costs and Benefits of Economic Integration in Asia, Oxford: Oxford University Press, 2011.   

 

Hoares's Bank in the Eighteenth Century (with P. Temin) in The Birth of Modern Europe: Culture and Economy, 1400-1800; essays in Honor of Jan de Vries, Leiden/Boston: Brill, 2010.  

 

Blowing Early Bubbles: The Economics of Rational Folly in the South Sea and Mississipi Bubbles in W. Goetzmann, C. Labio, G. Rouwenhorst, T. Young (eds.), The Great Mirror Folly: Finance, Culture, and the Crash in 1720, New Haven: Yale University Press, forthcoming Spring 2013.  

 

Understanding Growth in Europe, 1700-1870: Theory and Evidence (with J. Mokyr) in S. Broadberry, K. O'Rourke (eds.) An Economic History of Modern Europe, vol. 1, 1700-1870, Cambridge: Cambridge University Press, 2010.  

 

Free Flows, Limited Diversification: Openness and the Fall and Rise of Stock Market Correlations, 1890-2001 (with D. Quinn) in L. Reichlin & K. West (eds.) NBER Book Series, NBER International Seminar on Macroeconomics (ISOM), 20, Chicago: University of Chicago Press, 2010.

 

Institutions and the Resource Curse in Early Modern Spain (with M. Drelichman) in E. Helpman (ed.) Institutions and Economic Performance, Cambridge: Harvard University Press, 2008.

Articles  

 

Lending to the Borrower from Hell: Debt and Default in the Age of Philip II (with M. Drelichman)

The Economic Journal, December 2011, 121 (557), pp. 1205-1504.

 

Serial Defaults, Serial Profits: Returns to Sovereign Lending in Habsburg Spain, 1566-1600 (with M. Drelichman)

Explorations in Economic History, January 2011, 48 (1), pp. 1-19.

Explorations Prize for best article published in Explorations in Economic History in 2010/11.

 

The Sustainable Debts of Philip II: A Reconstruction of Castile's Fiscal Position, 1566–1596 (with M. Drelichman)
The Journal of Economic History, December 2010, 70 (4), pp. 813-42.

 

Malthusian Dynamism and the Rise of Europe: Make War, not Love (with N. Voigtländer)
American Economic Review. Papers and Proceedings, May 2009, 99 (2), pp. 248-254. 

 

Private Borrowing During the Financial Revolution: Hoare's Bank and its Customers, 1702-1724 (with P. Temin)
Economic History Review, August 2008, 61 (3), pp. 541-564. 

 

A Century of Global Equity Market Correlations (with D. Quinn)
American Economic Review: Papers and Proceedings, May 2008, 98 (2), pp. 535-540. 

 

Debt Sustainability in Historical Perspective: the Role of Fiscal Repression (with M. Drelichman)
Journal of the European Economic Association, April-May 2008, 6 (2-3), pp. 657-667. 

 

Interest Rate Restrictions in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714 (with. P. Temin)
Economic Journal, April 2008, 118, pp. 743-758. 

 

Betting on Hitler: The Value of Political Connections in Nazi Germany (with T. Ferguson)
Quarterly Journal of Economics, February 2008, 123 (1), pp. 101-137. 

 

Why England? Demographic Factors, Structural Change and Physical Capital Accumulation during the Industrial Revolution (with N. Voigtländer)

Journal of Economic Growth, December 2006, 11 (4), pp. 319-361. 

 

Banking as an Emerging Technology: Hoare's Bank, 1702-1724 (with P. Tenim)
Financial History Review, October 2006, 13 (2), pp. 149-178. 

 

Credit Rationing and Crowding Out During the Industrial Revolution: Evidence from Hoare's Bank, 1702-1862 (with P. Temin)
Explorations in Economic History, July 2005, 42 (3), pp. 325-348.  

 

Riding the South Sea Bubble (with P. Temin)
American Economic Review, December 2004, 94 (5), pp. 1654-1668. 

 

Convertibility, Currency Controls and the Cost of Capital in Western Europe, 1950-1999
International Journal of Finance and Economics, special issue: Symposium on Capital Controls, July 2003, 8 (3), pp. 255-276.

 

With a Bang, Not a Whimper: Pricking Germany's 'Stock Market Bubble' in 1927 and the Slide into Depression
Journal of Economic History, March 2003, 63 (1), pp. 65-99. 

 

Factor Prices and Productivity Growth During the British Industrial Revolution (with P. Antràs)
Explorations in Economic History, January 2003, 40 (1), pp. 52-77. 

 

Living Standards During the Industrial Revolution: An Economist's Guide
American Economic Review. Papers and Proceedings, May 2003, 93 (2), pp. 221-226. 

 

The Longest Years: New Estimates of Labour Imput in Britain, 1760-1830
Journal of Economic History, December 2001, 61 (4), pp. 1065-1082. 

 

Destined for Deprivation? Intergenerational Poverty Traps in Eighteenth-Century Britain (with S. Horrell and J. Humphries)
Explorations in Economic History, July 2001, 38 (3), pp. 339-365. 

 

The Grapes of War: Neutrality and Mediterranean Shipping Under the Danish Flag, 1747-1807 (with D. Anderson)
Scandinavian Economic History Review, 2000, 48, pp. 5-27.

 

Human Capital, Equipment Investment, and Industrialization (with J. Temple)

European Economic Review, July 1998, 42 (7), pp. 1343-62. 

 

Stature and Relative Deprivation: Fatherless Children in Early Industrial Britain (with S. Horrell & J. Humphries)
Continuity and Change, May 1998, 13 (1), pp. 73-115.

 

Time and Work in Eighteenth-Century London
Journal of Economic History, March 1998, 58 (1), pp. 29-58.

 

Time Use in Eighteenth-Century London: Some Evidence from the Old Bailey
Journal of Economic History, June 1997, 57 (2), pp. 497-499.

 

Did Smallpox Reduce Height? Stature and the Standard of Living in London, 1770-1873 (with T. Leunig)
Economic History Review, August 1996, 49 (3), pp. 541-60.

 

Physical Exertion and Stature in the Habsburg Monarchy, 1730-1800
Journal of Interdisciplinary History, September 1996, 27, pp. 263-75.

 

Did High Wages or High Interest Rates Bring Down the Weimar Republic? A Cointegration Model of Investment in Germany, 1925-1930
Journal of Economic History, December 1995, 55 (4), pp. 801-21.

 

Infant Mortality during the First World War
Annales de Démographie Historique, 1995 (1), pp. 291-307.

 

Height, Nutrition, and Labour: Recasting the "Austrian Model"
Journal of Interdisciplinary History, Spring 1995, 25 (4), pp. 627-636.

 

Seasonality of Conceptions as a Source for Historical Time-Budget Analysis: Tracing the Disappearance of Holy Days in Early Modern England
Historical Methods, Summer 1994, 27 (3), pp. 127-133.

 

Wages, Investment, and the Fate of the Weimar Republic: A Long-Term Perspective
German History, July 1993, 11 (3), pp. 265-92.