The Origins of the World Economy: Europe and Asia, 1000-1800
This information is for the 2023/24 session.
Dr Jordan Claridge (Room SAR 5.05) and Dr Annie Ruderman (Room SAR 5.06)
This course is available on the MA in Asian and International History (LSE and NUS), MA in Modern History, MSc in China in Comparative Perspective, MSc in Economic History, MSc in Economic History (Research), MSc in Empires, Colonialism and Globalisation, MSc in Global Economic History, MSc in Global Economic History (Erasmus Mundus), MSc in International and Asian History and MSc in Political Economy of Late Development. This course is available with permission as an outside option to students on other programmes where regulations permit.
This course has a limited number of places (it is controlled access). In previous years we have been able to provide places for all students that apply, but that may not continue to be the case.
This course surveys long-term processes of growth and development in pre-modern Europe and the wider world. Its central question is how and why economic performance differed between differently structured societies and across societies at the same point in time. The course raises fundamental questions about the nature of pre-industrial societies and economies and it critically examines the numerous theories put forward to explain long-run economic change.
First, it asks if stagnation and poverty were normal conditions in pre-industrial societies and growth an aberration. Were societies 'Malthusian', and what kind of growth and development did they experience? Second, it addresses debates over the timing and causes of Western economic growth and its connections with the region’s expanding political and military power. Was British or European success from the 17th century the result of unique social, institutional, or cultural features? It focuses on the developments of markets and their integration, on the development of technology and on the extension of manufactory in a fundamentally agrarian world. Third, it explores the range of alternative development paths within Europe and in other regions of the world, such as premodern China and India, considering both regions’ internal economic dynamics and the impact of interactions with European powers as contact grew over the course of the early modern period.
The course is not chronologically arranged but rather along core topics relevant in economic history. These are presented and discussed in an explicitly comparative way. Themes include: population, agriculture, technology, manufacturing, labour regimes, economic effects of legal, political, and constitutional structures; political economy; trade and market integration, money, finances and commercial institutions, and the causes and effects of the European expansion overseas.
10 hours of lectures and 10 hours of seminars in the AT. 10 hours of lectures and 10 hours of seminars in the WT.
This course is delivered through a combination of classes and lectures totalling a minimum of 40 hours across Autumn Term and Winter Term.
This course includes a reading week in Week 6 of Autumn Term and Week 6 of Winter Term.
Students are expected to write three essays or equivalent pieces of written work.
- J Abu-Lughod, Before European Hegemony: The World System;
- A G Frank, ReORIENT: Global Economy in the Asian Age (1998);
- P Hoffman, Why Did Europe Conquer the World? (2015);
- J E Inikori, Africans and the Industrial Revolution in England (2002);
- E L Jones, Growth Recurring: Economic Change in World History (2002);
- J Y Lin, The Needham Puzzle: Why the Industrial Revolution Did Not Originate in China (1995);
- Joel Mokyr, The Lever of Riches (1990);
- K G Persson, An Economic History of Europe: Knowledge, Institutions and Growth, 600 to the Present (2010);
- K Pomeranz, The Great Divergence: China, Europe, and the Making of the Modern World Economy (2000);
- J Rubin, Rulers, Religion and Riches: Why the West Got Rich and the Middle East Did Not (2017);
- HJ Voth and N Voigtlander, 'Malthusian Dynamism and the Rise of Europe: Make War, Not Love', American Economic Review (2009);
- J van Zanden, SG Carmichael, & T De Moor. Capital Women - The European Marriage Pattern, Female Empowerment and Economic Development in Western Europe 1300-1800 (2019);
- J de Vries, 'The Limits of Globalization in the Early Modern World' The Economic History Review, New Series, 63, No. 3 (2010), pp. 710-33;
- B Wong & J L. Rosenthal, Before and Beyond Divergence (2014)
- M Koyama and J Rubin, How the World Became Richâ¯: the Historical Origins of Economic Growth (2022)
Take-home assessment (100%) in the ST.
Department: Economic History
Total students 2022/23: 32
Average class size 2022/23: 16
Controlled access 2022/23: Yes
Lecture capture used 2022/23: Yes (MT & LT)
Value: One Unit
Course selection videos
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Personal development skills
- Team working
- Problem solving
- Application of information skills
- Application of numeracy skills
- Specialist skills