Korean expansion and decline from the seventeenth to the nineteenth century: a view suggested by Adam Smith
The first price runs for Korean rice help us develop a Smithian physiocratic model to explain the low, stable prices of the eighteenth century and the rising, volatile prices of the nineteenth. Ownership rights provided incentives, and productivity after 1600 exceeded subsistence to achieve rural co...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Cambridge University Press
2008
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| Subjects: |