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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. (2005) 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. GPIH Working Paper, 3. University of California, Davis , Davis, California. https://resolver.caltech.edu/CaltechAUTHORS:20161214-145449046

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Abstract

Preliminary data from England, France, and Germany show that the relative price of artillery, handguns, and gunpowder declined between the fourteenth century and the eighteenth century. Most of these prices fell relative to the cost of factors of production, and the price decline suggests that the military sector of western European economies experienced rapid and 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:Report or Paper (Working Paper)
Related URLs:
URLURL TypeDescription
http://gpih.ucdavis.edu/files/Hoffman.pdfPublisherWorking paper at Global Price and Income History Group, UC Davis
http://resolver.caltech.edu/CaltechAUTHORS:20160321-115855827PublisherEarlier version of paper (2004)
Additional Information:GPIH Working Paper No. 3, Version: January [2006].
Series Name:GPIH Working Paper
Issue or Number:3
Record Number:CaltechAUTHORS:20161214-145449046
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20161214-145449046
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:72830
Collection:CaltechAUTHORS
Deposited By: Katherine Johnson
Deposited On:14 Dec 2016 23:04
Last Modified:03 Oct 2019 16:21

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