In response to Michael K.'s mention of Huntington, Brad's journal recently published a counter example. It noted that the sugar colonies in the Americas had the highest per capita income regardless of whether the British, French or Spanish ruled them. It suggests that the factor endowments determined the institutions.
I'm sorry, but that example is pretty bogus. Given the nature of the crop (with inelastic demand and the spread of sugar to new lands and the development of new forms of sugar harvesting, e.g., beet sugar) the high per capita incomes were bound to fall. That is, the high incomes were mostly the result of the _high price of sugar_ at the time.
I suspect that the issue of "whether the British, French or Spanish ruled them" is more important to the issue of the distribution of income within the total of each colony.
Ken Sokoloff says not--that the distribution of income was enormously ferocious in *all* the sugar islands.
Back when my brother was in college he wrote a senior thesis about how the exact same self-government and liberty arguments deployed by the American revolutionaries were deployed by sugar-island planters to defend their property. An insight that had been previously expressed by Samuel Johnson, who had said apropos of the American Revolution: "Tell me, why do we hear the loudest yips for liberty from the drivers of negros?"
Brad DeLong
- Re: RE: Re: experimental economics, (continued)
- Re: RE: Re: experimental economics, Jim Devine Mon 02 Oct 2000, 20:31 GMT
- Superior culture, Michael Perelman Mon 02 Oct 2000, 16:56 GMT
- <Possible follow-up(s)>
- Re: Superior culture, Jim Devine Mon 02 Oct 2000, 18:10 GMT
- Re: Re: Superior culture, Michael Perelman Mon 02 Oct 2000, 21:21 GMT
- Re: Re: Superior culture, Brad DeLong Mon 02 Oct 2000, 21:54 GMT
- Re: Re: Re: Superior culture, Jim Devine Mon 02 Oct 2000, 22:12 GMT
- Re: Superior culture, Michael Perelman Mon 02 Oct 2000, 22:34 GMT
- News from Bolivia, Michael Perelman Mon 02 Oct 2000, 15:27 GMT
- Fwd: Re: Re: Australian unions back protest, Jim Devine Mon 02 Oct 2000, 15:27 GMT