from Economics at York – ‘Economic History – The Big Picture’

by Thilo Huning (University of York)

Every day we are confronted with new questions that require an in-depth understanding of international trade–debates on tariffs, ‘renegotiating’ NAFTA, talks of ‘no deal’ with the EU, and attacks on the WTO. But where did these institutions come from, how can we understand their economic rationale, and how can we know what share of our living standards we owe to them? Understanding the origins and consequences of different types of institution, from early nation-states to global parliaments, is the core of a growing branch of economic history.

Full post at https://wordpress.com/read/blogs/134079427/posts/210

From VoxEU – Wellbeing inequality in retrospect

Rising trends in GDP per capita are often interpreted as reflecting rising levels of general wellbeing. But GDP per capita is at best a crude proxy for wellbeing, neglecting important qualitative dimensions. 36 more words

via Wellbeing inequality in retrospect — VoxEU.org: Recent Articles

To elaborate further on the topic, Prof. Leandro de la Escosura has made available several databases on inequality, accessible here, as well as a book on long-term Spanish economic growth, available as open source here