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Shocking Contrasts Political Responses To Exogenous Supply Shocks(New Edition)

Authors:

Ronald L Rogowski

Free shocking contrasts political responses to exogenous supply shocks new edition ronald l rogowski 1316510700,
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Book details

ISBN: 1316510700, 978-1316510704

Book publisher: Cambridge University Press

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Book Summary: In The Fourteenth Century, The Black Death Killed As Much As Two Thirds Of Europe's Population; In The Fifteenth, The Introduction Of Moveable-type Printing Rapidly Expanded Europe's Supply Of Human Capital; Between 1850 And 1914, Russia's Population Almost Tripled; And In World War I, The British Blockade Starved Some 800,000 Germans. Each Of These, Shocking Contrasts Argues, Amounted To An Unanticipated Shock, Positive Or Negative, To The Supply Of A Crucial Factor Of Production; And Elicited One Of Four Main Responses: Factor Substitution; Factor Movement To A Different Sector Or Region; Technological Innovation; Or Political Action, Sometimes Extending To Coercion At Home Or Conquest Abroad. This Book Examines Parsimonious Models Of Factor Returns, Relative Costs, And Technological Innovation. It Offers A Framework For Understanding The Role Of Supply Shocks In Major Political Conflicts And Argues That Its Implications Extend Far Beyond These Specific Cases To Any Period Of Human History.