Peter Temin, 04 June 2014

Increasing the interaction between economic history and development could benefit both subfields. This column points how some recent insights from economic history can be relevant for development. The Black Death led to an improvement in agricultural technology, changed the status of women, and increased wages. This process helped the Industrial Revolution, but the technology boom was not profitable in low-income countries. These findings suggest an underlying problem of development could be the demographic patterns that keep wages low.

CEPR Policy Research