Small firms dominated the American economy in the nineteenth century, and still dominate in many developing economies today. This paper tests whether geographic market segmentation due to underdevelop
This paper documents that the Rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of European nations with access to the Atlantic, and especially by those nations tha
In this paper we document a reversal of fortune within the Western agricultural core, showing that regions which made early transition to Neolithic agriculture are now poorer than regions that made th