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w window tumblr like loading posted in uncategorized tagged industrial relations labour relations lancashire new england textiles 5 comments the calico acts was british cotton made possible by infant industry protection from indian competition posted on 2017 01 05 by pseudoerasmus many global historians argue that the british cotton industry was the product of unintentional infant industry protection from indian competition in the 18th century the various calico acts created an import substitution industry by banning indian cloths and reserving the home market for british producers this supposedly gave them the freedom to invent and adopt the machines that led to the industrial revolution to the best of my knowledge economic historians have never seriously examined this issue perhaps because the necessary data are lacking or remain unearthed nonetheless there are sound historical reasons for doubting the presumption that protection allowed british goods to become competitive warning this is a tedious post which gets into some detail about the british textile industry in the 18th century a must skip if you ask me which is why i provide this handy summary the calico act of 1721 which was intended to protect the wool and silk industries actually banned most varieties of pure cotton cloths in general not just indian before the era of mechanisation british cotton was overwhelmingly cotton linen a limitation of british technology in the economic sense mainstream economic theory supplies many justifications for interventionist trade policy to promote innovation but the standard rationales simply do not apply to constant returns to scale activities such as handicraft cottage industry lancashire would have survived competition with indian cloths in an unprotected home market british machine spun yarn never faced any direct foreign competitor since britain barely imported cotton yarn in the 18th century the domestic output of yarn was affected by foreign competition only to the extent that it was turned into printed cloth but there were many other products besides british imitations of indian cloth which used cotton yarn as a major input and their role in the mechanisation of yarn production is overshadowed by a selective whiggish genealogy which overemphasises the calico branch if as so many argue competition in the export markets was an important stimulus to inventions in cotton then the home market could have served just as well and the only reason overseas became so important is that british firms were denied a home market for all cotton cloths by the calico acts therefore it s entirely plausible not demonstrated that the calico acts functioned as a luddite policy which delayed the mechanisation of textile production by decades this post elaborates on the above points covering the period up to 1774 when the calico act was repealed continue reading share this email a link to a friend opens in new window email share on x opens in new window x share on facebook opens in new window facebook share on reddit opens in new window reddit share on pinterest opens in new window pinterest print opens in new window print more share on telegram opens in new window telegram share on linkedin opens in new window linkedin share on whatsapp opens in new window whatsapp share on tumblr opens in new window tumblr like loading posted in cotton cotton textiles import substitution industrialization industrial policy industrial revolution infant industry argument protectionism trade development tagged calico acts calicos fustians joseph inikori lancashire patrick o brien prasannan parthasarathi 36 comments the napoleonic blockade the infant industry argument caveats limitations reservations posted on 2016 12 26 by pseudoerasmus some caveats and reservations about the napoleonic blockade paper on the infant industry argument that s making waves my caveat protection persisted for decades after the blockade and may have helped keep the french cotton industry backward relative to britain continue reading share this email a link to a friend opens in new window email share on x opens in new window x share on facebook opens in new window facebook share on reddit opens in new window reddit share on pinterest opens in new window pinterest print opens in new window print more share on telegram opens in new window telegram share on linkedin opens in new window linkedin share on whatsapp opens in new window whatsapp share on tumblr opens in new window tumblr like loading posted in cotton cotton textiles france import substitution industrialization industrial policy industrial revolution infant industry argument protectionism trade development tagged agglomeration cotton infant industry argument john nye napoleonic blockade reka juhasz rent seeking 17 comments the bairoch hypothesis or the tariff growth paradox of the late 19th century posted on 2016 12 25 by pseudoerasmus note this post describes and summarises a literature on 19th century growth trade i do not necessarily endorse its findings this post is intended as largely descriptive there is a vast cross country literature which finds a positive correlation between economic growth and various measures of openness to international trade in the post 1945 period despite intense methodological bickering amongst researchers nonetheless maybe 50 studies maybe more using a variety of methods and approaches come to the same conclusion trade openness was associated with growth after 1945 this amazing critical survey lists most of those studies this huge body of research does have some quite compelling critics the most prominent being rodríguez rodrik 2000 this widely cited paper argues amongst many other things that there is no necessary relationship between trade and growth either way it depends on the global context as well as domestic economic conditions i think that view is correct continue reading share this email a link to a friend opens in new window email share on x opens in new window x share on facebook opens in new window facebook share on reddit opens in new window reddit share on pinterest opens in new window pinterest print opens in new window print more share on telegram opens in new window telegram share on linkedin opens in new window linkedin share on whatsapp opens in new window whatsapp share on tumblr opens in new window tumblr like loading posted in economic growth industrial policy infant industry argument protectionism trade development tagged bairoch conjecture growth tariff paradox ha joon chang jeffrey williamson kevin o rourke paul bairoch 19 comments tariff protection of british cotton 1774 1820s posted on 2016 12 19 by pseudoerasmus british tariff protection after 1774 competition innovation misallocation plus a note on weaving this is an addendum to a post about the calico acts which had prohibited within britain the consumption of cotton cloths both foreign and domestic but even after their repeal in 1774 indian cloths entering the british market continued to face stiff import duties ranging from 27 59 ad valorem in 1803 to 71 85 in 1813 although the calico acts are frequently discussed by western scholars the protection of the british cotton industry that continued until the 1820s is something only indian scholars bother to mention continue reading share this email a link to a friend opens in new window email share on x opens in new window x share on facebook opens in new window facebook share on reddit opens in new window reddit share on pinterest opens in new window pinterest print opens in new window print more share on telegram opens in new window telegram share on linkedin opens in new window linkedin share on whatsapp opens in new window whatsapp share on tumblr opens in new window tumblr like loading posted in cotton cotton textiles industrial policy industrial revolution infant industry argument international trade protectionism trade development 8 comments random thoughts on critiques of allen s theory of the industrial revolution posted on 2016 12 01 by pseudoerasmus this post is mostly stringing together my scattered tweets over the past couple of weeks i ve had numerous discussions on this subject with vincent geloso judy stephenson ben schneider benjamin guilbert anton howes and mark koyama but yesterday geloso sent me the paper he s working on for alsatian wages and that kick started further thoughts i shared with geloso privately and then with the others on twitter you can follow the most recent discussion below this tweet although it s very difficult to keep track of the many different threads i m generally a sceptic of allen s theory but in this post it seems i ended up critiqueing the critiques as much as allen himself continue reading share this email a link to a friend opens in new window email share on x opens in new window x share on facebook opens in new window facebook share on reddit opens in new window reddit share on pinterest opens in new window pinterest print opens in new window print more share on telegram opens in new window telegram share on linkedin opens in new window linkedin share on whatsapp opens in new window whatsapp share on tumblr opens in new window tumblr like loading posted in industrial revolution robert allen tagged directed technical change high wage economy induced innovation industrial revolution mokyr robert allen 21 comments sven beckert s empire of cotton a reductionist summary posted on 2016 06 16 by pseudoerasmus historian sven beckert s widely acclaimed book empire of cotton a new history of global capitalism is a good agrarian business and labour history of a single commodity but as economic history it s not so good continue reading share this email a link to a friend opens in new window email share on x opens in new window x share on facebook opens in new window facebook share on reddit opens in new window reddit share on pinterest opens in new window pinterest print opens in new window print more share on telegram opens in new window telegram share on linkedin opens in new window linkedin share on whatsapp opens in new window whatsapp share on tumblr opens in new window tumblr like loading posted in cotton cotton textiles empire of cotton global history historians of capitalism sven beckert tagged cotton deindustrialization economic development empire of cotton global history great divergence historians of capitalism industrial revolution rise of the west sven beckert 41 comments did inequality cause the first world war contra hobson lenin milanovic posted on 2016 05 08 by pseudoerasmus the hobson lenin thesis inequality imperialism and the first world war in a small section in his new book branko milanovic argues that the first world war was ultimately caused by income wealth inequality within the belligerent countries resurrecting ideas from john a hobson rosa luxemburg and lenin the basic argument high domestic inequality underconsumption by the masses surplus savings by the elites capital exports i e search for overseas outlets for investment the scramble for colonies imperialism a major cause of the war i examine each element in this chain of logic and reject the endogenous world war i view update 6 dec 2017 thomas hauner branko milanovic and suresh naidu have a new paper out inequality foreign investment and imperialism which argues in greater detail milanovic s argument from the book see my brief comments at the end update 7 dec 2017 suresh has replied to my brief comments continue reading share this email a link to a friend opens in new window email share on x opens in new window x share on facebook opens in new window facebook share on reddit opens in new window reddit share on pinterest opens in new window pinterest print opens in new window print more share on telegram opens in new window telegram share on linkedin opens in new window linkedin share on whatsapp opens in new window whatsapp share on tumblr opens in new window tumblr like loading posted in branko milanovic foreign investment inequality the first globalization the first world war tagged and the first world war branko milanovic capital exports colonialism endogenous world war 1 hobson hobson lenin thesis imperialism inequality lenin the great war underconsumption 37 comments the baptist question redux emancipation cotton productivity posted on 2015 11 05 by pseudoerasmus edward baptist the author of the half has never been told has been claiming since the publication of his book that a putative post emancipation drop in overall agricultural productivity in the american south is proof that it was torture not new cotton cultivars and frontier soils which had been largely responsible for the us cotton boom of 1800 60 but there are severe limitations to what the cliometric literature on slavery can reveal about post emancipation productivity specifically in cotton picking continue reading share this email a link to a friend opens in new window email share on x opens in new window x share on facebook opens in new window facebook share on reddit opens in new window reddit share on pinterest opens in new window pinterest print opens in new window print more share on telegram opens in new window telegram share on linkedin opens in new window linkedin share on whatsapp opens in new window whatsapp share on tumblr opens in new window tumblr like loading posted in cotton edward baptist historians of capitalism slavery the half has never been told tagged cotton edward baptist emancipation historians of capitalism robert fogel slavery stanley engerman the half has never been told time on the cross without consent or contract 8 comments older posts follow pseudoerasmus on wordpress com subscribe to blog via email enter your email address to subscribe to this blog and receive notifications of new posts by email email address subscribe join 1 178 other subscribers pages about recent popular posts critiques of edward baptist critiques of the history 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