From Market-Places to a Market Economy: The Transformation of Rural Massachusetts, 1750-1850

From Market-Places to a Market Economy: The Transformation of Rural Massachusetts, 1750-1850
ISBN-10
0226729532
ISBN-13
9780226729534
Category
Business & Economics
Pages
275
Language
English
Published
1992-11-15
Publisher
University of Chicago Press
Author
Winifred Barr Rothenberg

Description

Through innovative use of little used archival material, Rothenberg finds that the relevant economic magnitudes - farm commodity prices, wages for day and monthly farm labor, and the determinants of rural wealth holding - behaved as if they had been formed in a market. This ground breaking discovery reveals how an agricultural economy that lacked both an important export staple and technological change could experience market-led growth. To understand this impressive economic development, Rothenberg discusses a number of provocative questions.

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