Dept of Economic History

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    Early British railways in Argentina were not ‘British’ alone

Early British railways in Argentina were not ‘British’ alone

My study adopts a broadly chronological approach, addressing the growth and development of the railway network from inception in the 1850s to maturity (though not maximum extension) around the time of the First World War. The principal chapters focus on the formative period from mid-nineteenth century to the 1870s, the consolidation of a national rail network in subsequent decades and […]

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    Mechanical clocks prove the importance of technology for economic growth

Mechanical clocks prove the importance of technology for economic growth

Salisbury Cathedral clock (the oldest surviving functional mechanical clock in the world), © Copyright by Hywel Williams under a CC-BY-SA-2.0 licence
“Remember that time is money.” Already in 1748 Benjamin Franklin underlined in a short contribution to a business manual that the temporal aspect is a pivotal variable for the economy. Such a statement is even more important for today’s […]

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    Real estate bubbles leading to bank troubles — 2008? Not exactly

Real estate bubbles leading to bank troubles — 2008? Not exactly

The recent financial crisis suggested an important connection between real estate investments and bank trouble, especially in the U.S. In fact, this is nothing new. Although financial crises can have multiple and varied causes, real estate investment booms are likely to bode particularly ill for the stability of the financial system. Indeed, in a new paper, I highlight the […]