2025 Economic History Bologna lecture 1 Introduction

What is the main focus of Elena Korchmina's research?

Economic History of Early Modern Europe, Russian Political and Social History, Fiscal Sociology, History of European Elites, Gender Studies, Living Standards in Historical Perspective.

What does the term 'hockey stick of growth' refer to in economic history?

It describes the sharp rise in income in some societies after 1800, while others experienced a decline.

What is a primary source in historical studies?

First-hand information, as close as possible to the original event or idea, such as written works, recordings, and firsthand accounts.

Why is the population growth in England during the 18th century significant?

It contributed to the rise of industrialization by increasing the labor force, creating demand for goods, and driving agricultural innovations.

What key concepts are relevant across the social sciences in economic history?

Sources of economic growth, effects of inequality, international economics, how political institutions affect growth.

According to the lecture, how does geography affect economic development?

Geography is seen as a potential ultimate cause of economic differences, influencing agriculture, trade, and societal structures.

What do we mean by 'Factor Endowments' in economic history?

Factors such as natural resources and people (like the native populations and slaves) that can influence a region's economic development.

Why is the year 1800 significant in economic history according to Deirdre N. McCloskey?

It marks a time when the average human consumed about $3 a day, with significant differences in income among different societal classes.

What are extractive economic institutions?

Institutions that restrict economic freedom and benefit elites, often leading to unequal wealth distribution and political power.

How did the Agricultural Revolution impact society?

It marked a shift from hunter-gatherer societies to sedentary agriculture, allowing for population growth and the development of social hierarchies.