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Why Is It That Europeans Ended Up Conquering the Rest of the Globe? Prices, the Military Revolution, and Western Europe’s Comparative Advantage in Violence

Hoffman, Philip T. (2004) Why Is It That Europeans Ended Up Conquering the Rest of the Globe? Prices, the Military Revolution, and Western Europe’s Comparative Advantage in Violence. In: Towards a Global History of Prices and Wages, 19-21 Aug. 2004, Utrecht, Netherlands. https://resolver.caltech.edu/CaltechAUTHORS:20160321-115855827

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Abstract

Preliminary data from England and France show that the relative price of artillery, handguns, and gunpowder declined between the fourteenth century and the eighteenth century. Prices fell relative to the cost of factors of production, and the price decline suggests that the military sector of western European economies experienced sustained technical change before the Industrial Revolution – a claim in accord with qualitative evidence from research on the late medieval and early modern military revolution. The price data shed new light on this revolution and point to a potential explanation for why western Europe developed a comparative advantage in violence over the rest of the world.


Item Type:Conference or Workshop Item (Paper)
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http://resolver.caltech.edu/CaltechAUTHORS:20161214-145449046PublisherLater version of paper (2005)
http://www.iisg.nl/hpw/papers/hoffman2.pdfOrganizationConference paper
Additional Information:Philip T. Hoffman Towards a Global History of Prices and Wages, 19-21 Aug. 2004 http://www.iisg.nl/hpw/conference.html
Record Number:CaltechAUTHORS:20160321-115855827
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20160321-115855827
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:65536
Collection:CaltechAUTHORS
Deposited By: Susan Vite
Deposited On:14 Dec 2016 22:53
Last Modified:03 Oct 2019 09:48

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