Essays by internationally prominent economists examine long run cross-country economic trends from the perspective of New Comparative Economic History, an approach pioneered by Harvard economist Jeffrey G. Williamson.The innovative approach to economic history known as the New Comparative Economic History represents a distinct change in the way that many economic historians view their role, do their work, and interact with the broader economics profession. The New Comparative Economic History reflects a belief that economic processes can best be understood by systematically comparing experiences across time, regions, and, above all, countries. It is motivated by current questions that are not nation specific-the sources of economic growth, the importance of institutions, and the impact of globalization-and focuses on long-run trends rather than short-run ups and downs in economic activity. The essays in this volume offer a New Economic Comparative History perspective on a range of topics and are written in honor of Jeffrey G. Williamson, the most distinguished and influential scholar in the field.The contributors, prominent American and European economists, consider such topics as migration, education, and wage convergence; democracy and protectionism in the nineteenth century; trade and immigration policies in labor-scarce economies; and the effect of institutions on European productivity and jobs.
Timothy J. Hatton is Professor of Economics at the Australian National University and the University of Essex. He is the co-author (with Jeffrey Williamson) of Global Migration and the World Economy. Alan M. Taylor is Professor of Economics at the University of California, Davis, and the co-author (with Maurice Obstfeld) of Global Capital Markets: Integration, Crisis, and Growth.