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Spinning their wheels: a reply to Jane Humphries and Benjamin Schneider
Author(s) -
Allen Robert C.
Publication year - 2020
Publication title -
the economic history review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.014
H-Index - 49
eISSN - 1468-0289
pISSN - 0013-0117
DOI - 10.1111/ehr.12850
Subject(s) - earnings , productivity , wage , economics , incentive , value (mathematics) , labour economics , classical economics , market economy , mathematics , macroeconomics , accounting , statistics
Jane Humphries and Benjamin Schneider have assembled several large databases of spinners’ production and wages that they believe disprove my view that high wages led to mechanization in eighteenth‐century England. This reply examines their data and shows that they have little value for understanding the incentives to mechanize. In addition, I present new evidence that substantiates my earlier estimates of productivity and earnings. The high wage hypothesis is unimpaired by the critique of Humphries and Schneider.