MASTER ANALYSE ET POLITIQUE
ÉCONOMIQUES
ECONOMIC HISTORY
2011-2012
Pierre-Cyrille
Hautcoeur
March 30th, 2012
The class is held in the Maison d'Arménie of the
Cité Universitaire, every Wednesday afternoon from
February 15th, 2012, from 1h30 to 4h30 PM.
The tutorials, under
Clément Dherbecourt, will start on February 20, 5PM, room
A4
Seminar
in economic history : you are all welcome to participate
the economic history seminar at the PSE, room 8; it is held on
mondays at 5:30 PM, twice a month. Two participations will allow
you to compensate one absence at the class. The program is
available here.
Presentation
The purpose of this course is to provide an introduction to
economic history for economists. I start with some remarks on
methodology and historiography (the history of economic history as
a field). I then present a few major debates which have structured
the discipline and which had a major impact on our understanding
of today's world.
On this website, you will find the course lectures' powerpoint
presentations and some references. I add some major syntheses or
textbooks at the end of the page.
For each class, all participants are required to read at least
the required paper, and to send me by e-mail
(hautcoeur(((at)))pse.ens.fr) the day before the class a one-page
summary or a comment of that paper. Your text must be directly
in the e-mail (no attachment please) ; it must start with the title of
the paper discussed (also to be mentioned as subject
of the mail) and be signed with your name.
The course evaluation will be based on presence and participation
(based on the readings) (50%) and an essay (50%).
1. Introduction : method and
historiography ppt presentation (February 15th)
2. Long run growth: output and
population ppt
presentation (February 22th)
Required
reading : Kelly and C. O'Grada "Living standard
and mortality since the Middle Ages", WP, 2010
Other possible readings
Nordhaus,
W., "Do Real
Output and Real Wage Measures Capture Reality? The History of
Lighting Suggests Not, in Timothy
F. Bresnahan and Robert J. Gordon (eds.), The Economics of New Goods,
Vol. 58, 1997
Weir D. "Life under pressure:
France and England, 1670-1870", JEH 1984
Wright, Gavin. “The Origins of American Industrial Success,
1879-1940.” American Economic Review 80 (September 1990): 651-68.
Paul David and Gavin Wright "General purpose technology
and surges in productivity", WP, 1999
Jovanovic and Rousseau "General
purpose technologies", WP 2005
3. The industrial
revolution ppt
presentation (February 29th and March
7th) ppt
presentation
Required
reading :
H.-J. Voth, "Time
and
Work in Eighteenth Century London", JEH, 58 (March
1998), pp. 29-58; et AER
2003
Other readings
Jan De Vries, "The
Industrial
Revolution and the Industrious Revolution", JEH , 54, No. 2,
Jun., 1994, pp. 249-270.
Peter
Temin, "Two
Views
of the Industrial Revolution," JEH , 57 (March 1997), pp.
63-82.
4.
Governments, institutions and growth (March 7th and
21st ) ppt
presentation
Required
reading :
Rosenthal, J-L. "The Development
of Irrigation in Provence, 1700-1860: The French Revolution and
EconomicGrowth", JEH, 1990
Other readings:
Douglass C. North; Barry R. Weingast, "Constitutions
and
Commitment: The Evolution of Institutions Governing Public Choice
in Seventeenth-Century England", JEH, Vol. 49,
No. 4. (Dec., 1989), pp. 803-832.
Dincecco M. "Fragmented
Sovereignties:
A Quantitative Analysis of Divided Authority on the European
Continent, 1700-1815", WP, 2008
Van Zanden, J.L. & M. Prak, "Towards
an
economic interpretation of citizenship: the Dutch Republic between
medieval communes and modern nation-states", EREH, 2006.
Irigoin & Grafe, "bargaining
on
absolutims: a Spanish path to nation-state and empire-building",
WP, 2006
Stasavage, D., "Partisan politics and public
debt, the importance of the "whig supremacy" for Britain's
financial revolution", EREH, 2007 n°1
Esptein, S.R., Freedom and Growth, The rise of States and
Markets in Europe, 1300-1750, London : Routledge, 2000, chap. 1
Carruthers, Bruce G., City of Capital. Politics and Markets
in the English Financial Revolution, Princeton U.P., 1996, chap.1
Money and finance within a country (March 28) ppt presentation
Required
reading :
Gelderblom & Jonker, "Completing a
Financial Revolution: The Finance of the Dutch East India Trade
and the Rise of the Amsterdam Capital Market, 1595-1612", JEH,
2004
Other readings:
Sussman, N., « Debasements,
Royal
revenues and inflation in France during the second stage of the
hundred years war, 1415-1422 », JEH, mars 1993
Hoffman Ph., G. Postel-Vinay & J.-L. Rosenthal, "Microéconomie et
macro-politique : crédit et inflation pendant la
Révolution française", ch. 8 de Des
marchés sans prix, éd. EHESS, 2001.
Bernanke B.S., "Non-monetary
effects
of the financial crisis in the propagation of the great depression",
AER, LXXIII, n°3, juin 1983, p.257-276.
Velde, F. Government equity and
money : the John Law's system in 1720 France, forthcoming
Hautcoeur & Riva, "The
Paris financial market in the XIXth century : an efficient
multi-polar organization ?", EHR, forthcoming
Friedman M. & A.J. Schwartz, A monetary history of the
United States, 1867-1960, Princeton U.P. for the N.B.E.R.,
1963, chap 7.
Globalization (4 avril 2012)
Required readings
James, Harold, The end of globalization: lessons from the great
depression, Harvard UP, 2001, introduction.
The second
Thirty Years War, the great
depression and post-1945 reconstruction (April 11 2012)
Required readings
Calomiris Ch. &
J. Mason (2003) “Fundamentals,
Panics and Bank Distress During the Depression”, American
Economic Review, 93, 5, pp. 1615-47
Other readings
Eichengreen, B., Golden Fetters, OUP, 1992
Raghuram Rajan and Luigi Zingales “The Great Reversals: The Politics
of Financial Development in the 20th Century”
Bernanke,
B.S., "The
Macroeconomics
of the Great Depression: A Comparative Approach", Journal of
Money, Credit and Banking, Vol. 27, No. 1. (Feb., 1995), pp. 1-28.
Hautcoeur, La crise de 1929,
La découverte, 2009
Ebell & Ritschl « Welfare
capitalism,
union
power and the great crash of 1929 : toward a neoclassical
explanation of the great depression », WP IEHC
2006
Ferguson,
Th. (1984) “From
Normalcy to New Deal : industrial Structure, Party
Competition, and American Public Policy during the Great
Depression” International Organization 38, 1, 86-92.
R. Jensen "The
Causes and Cures of Unemployment in the Great Depression"
Journal of Interdisciplinary History, Vol. 19, No. 4
(Spring, 1989), pp. 553-583
J. Taylor "Work-sharing During
the Great Depression: Did the 'President's Reemployment
Agreement' Promote Reemployment?", Economica, 2009
Abreviations:
AER : American economic review
EEH : Explorations in economic history
EHR : Economic history review
EJ : Economic journal
EREH : European review of economic history
JEH : Journal of economic history
JEP : Journal of economic perspectives
JME : Journal of monetary economics
JMCB : Journal of money, credit and banking
JPE : Journal of political economy
Bibliography
General references
Broad syntheses of the
1960s to 1980s
Braudel, F., Civilisation matérielle,
économie et capitalisme, 15e-18e siècles,
A. Colin, 1979
Hobsbawm,
L'âge des
révolutions; L'âge du capital; L'âge des Empires,
rééditions coll Pluriel.
Labrousse, E. & F. Braudel, Histoire économique et
sociale de la France, PUF, 1979ss.
Matthias & Pollard, The Cambridge Economic History of
Europe, CUP.
More recent ones :
P. Bairoch, Victoires et
déboires, Gallimard, 1997
F. Crouzet, Histoire de
l'économie européenne, Albin Michel, 2000
Landes, D., Richesse et
pauvreté des nations, Fayard, 1999
A. Maddison, L'économie
mondiale: une perspective millénaire, OCDE, 2001
Clark G. A Farewell to Alms,
Princeton UP, 2007
A recent summary of
(US) historiography :
Mokyr, Joel (ed.), The Oxford
Encyclopedia of Economic History, OUP, 2003
Whaples, Robert (ed.) EH.Net
Encyclopedia. ( in progress)
Methods :
<>Andreano et Heffer, La nouvelle histoire
économique, Gallimard, 1977
Simiand, F., Méthode
historique et sciences sociales, éd. archives
contemporaines, 1987
Rollinat, La nouvelle histoire économique, 1997
Revue Economique, numéro spécial 1991 n°2
Annales ESC, numéro spécial "le tournant
critique", 1989
North, D. & John Nye, "Cliometrics, th new institutional
economics and the future of economic history", WP, 2004
Parker (ed) History and the modern economist, 1986
Snook, G., Historical analysis in economics, 1993
McCloskey, D., The rhetorics of economics, 1985
Goldin, C., "Cliometrics
and
the Nobel", Journal of economic perspectives, 1995.
American Economic Review, May 1997, "Cliometrics After 40
Years", articles de C. Goldin,
A. Greif,
J. Heckman,
John R. Meyer,
Douglass C. North.
Eichengreen, Barry, "Economics
and Culture in the Writing of Financial History", May 1997, in
Gerald Feldman, Philip Cottrell and Jaime Reis (eds), Finance
and the Making of Modern Capitalism.
Bates & al. Analytical
narratives, Harvard UP, 1997
"Forum : New directions in French economic history", French Historical Studies,
vol.23, n°3, été 2000 (notamment J.R. Farr, J.V.
Nye, Ph.T. Hoffman & J.L. Rosenthal).
Some important books
Ashley, W., The adjustment of
wages : a study in the coal and iron industries of Great Britain
and America, Longmans & Green, 1903
P. Bairoch, Mythes et paradoxes
de l'histoire économique, La découverte, 1994
Berger, S. Notre première
mondialisation, Seuil, 2003
Bloch,
M., Les caractères
originaux de l'histoire rurale française, Oslo,
Ashehoug, 1931
Boltanski L. & E. Chiapello, Le nouvel esprit du
capitalisme, Gallimard, 1999
Bouvier J., Le Crédit Lyonnais de 1863
à 1882. Les années de formation d'une banque de
dépôt, S.E.V.P.E.N., 1961, 2 volumes.
Brian, E., La mesure de l'Etat, administrateurs
et géomètres au XVIIIe siècle, Albin
Michel, 2000
Cameron, R., France and the economic development of Europe,
1800-1914, Princeton UP, 1961.
Carré
Dubois
Malinvaud , La croissance
française, Seuil, 1971
Chandler A.D., The visible hand : the managerial
revolution in american business, Cambridge (Ma) : Harvard
university press, 1977.
Chandler, A.D. , Scale and Scope, Harvard UP, 1967
Chanut, J-M, J. Heffer, J.
Mairesse et G. Postel-Vinay, L'industrie
française au milieu du 19e siècle: les
enquêtes de la Statistique générale de la
France, éd. de l'EHESS, 2000.
Chaunu, P & H., Séville et l'Atlantique,
1504-1650, SEVPEN, 1955-60
Daudin, G., Le rôle du
commerce dans la croissance : une réflexion à
partir de la France du XVIIIe siècle,
thèse, Université de Paris I, 2001.
Diamond, P., Guns, germs
and steel, trad. fr : De
l'inégalité parmi les sociétés,
Gallimard, 2000
Drobak, J. & J. Nye The Frontiers of the New Institutional
Economics, Academic Press, 1997
Gille, B., Recherches sur la
formation de la grande entreprise capitaliste (1815-1848),
SEVPEN, 1959
N. Fligstein, The Transformation of corporate control,
Harvard UP, 1990
Fogel, R. W., "Nutrition and the
Decline in Mortality since 1700: Some Preliminary Findings",
in Engerman,-S.-L., ed.; Gallman, R. E. (ed.) Long-term factors in American
economic growth, University of Chicago Press, 1986.
Fogel, R., Without consent or contract, the
rise and fall of American slavery, Norton, 1989.
Fontvieille L., "Évolution
et croissance de l'État français, 1815-1969", Économies et
Sociétés, AF, n° 13, 1976, p.1655-2129.
Fridenson, P., Histoire des usines Renault,
éd. du Seuil, 1972
Gillard, L., La banque
d'Amsterdam et le florin européen, éd. de
l'Ehess, 2004
Godelier, E., Du capitalisme familial à la stratégie
de groupe : le cas de l'usine de Montataire, EHESS, 1990
J.-Y. Grenier, L'économie d'Ancien Régime, A.
Michel, 1996
R. Harris. Industrializing English Law: Entrepreneurship and
Business Organization, 1720-1844. CUP, 2000
J.P. Hirsch, Les deux rêves du commerce, EHESS, 1991
Ph. Hoffman, Growth in a
traditionnal society, the french countryside, Princeton UP,
1996
<>Labrousse, E., Esquisse
du mouvement des prix et des revenus en France au 18e
siècle, Dalloz, 1932.
Landes, D. L'Europe technicienne,
Gallimard, 1975 (éd. anglaise 1969 sous le titre Prometheus Unbound)
James, Harold, The end of
globalizaton, lessons from the great depression, HUP, 2001
Jones, Eric, The European Miracle,
CUP, 1981
Lazonick Business Organization and the Myth of the Market
Economy, Cambridge UP 1991
Lemarchand, Y., Du dépérissement
à l'amortissement, histoire d'un concept et de sa
traduction comptable, Ouest éd., 1993.
Levasseur, E. Histoire des
classes ouvrières en France depuis 1789 jusqu'à
nos jours, Hachette, 1867
Lévy-Leboyer M. & F. Bourguignon, L'économie française
au XIXe siècle, Economica, 1985
Maddison, A., L'économie mondiale, une
perspective millénaire, Paris, OCDE, 2001.
Markovitch, T. L'industrie
française de 1789 à 1964, ISEA, 1965-66
Morazé, Ch. Les bourgeois
conquérants, A. Colin, 1957
Mokyr, J., The lever of riches:
technological creativity and the economic progress, 1990
D. North, Institutions, institutional change and economic
performance, Cambridge University Press, 1990
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France, 1780-1914, Londres : Allen & Unwin, 1978
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marchés du travail et trajectoires professionnelles au
XXe siècle, éd. EHESS, 1997.
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Atlantic economy, MIT Press, 1999
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(éd. originale anglaise 1944)
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divergence, Europe, China and the making of the modern economy,
Princeton UP, 2000
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(ed.), Quantitative Aspects of
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l'industrialisation de l'occident, Gallimard, 1997
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J. & Ton Notermans (eds), Regime Changes, Macroeconomic
Policy and Financial Regulation in Europe from the 1930s
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