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The Case of the Impoverished Sophisticate: Human Capital and Swedish Economic Growth before World War I
Abstract
Around 1850 Sweden had a stock of human capital wildly disproportionate to its very low income level. This situation contributed significantly to the speed of the growth spurt that occurred between that time and World War I. In the short run, this large human capital stock allowed Sweden to take fuller advantage of the new opportunities for exports which appeared around 1860. In the longer run Sweden benefited because it is easier to achieve a rapid accumulation of physical than of human capital. The disproportionate early accumulation of human capital is explained in terms of religious, political, and military events of the previous three centuries.
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Cited by
Das Human-Kapital: A Theory of the Demise of the Class Structure
GALOR, O., & MOAV, O. (2006) · Review of Economic Studies · doi:10.1111/j.1467-937x.2006.00370.x · Cited by 469
Human capital and industrialization: Evidence from the age of enlightenment
Squicciarini, M. P., & Voigtländer, N. (2015) · The Quarterly Journal of Economics · doi:10.1093/qje/qjv025 · Cited by 384
The Economic Effects of the Protestant Reformation: Testing the Weber Hypothesis in the German Lands
Cantoni, D. (2015) · Journal of the European Economic Association · doi:10.1111/jeea.12117 · Cited by 311
Precocious Albion: A New Interpretation of the British Industrial Revolution
Kelly, M., Mokyr, J., & Gráda, C. Ó. (2014) · Annual Review of Economics · doi:10.1146/annurev-economics-080213-041042 · Cited by 121
Flexible Supply of Apprenticeship in the British Industrial Revolution
Zeev, N. B., Mokyr, J., & van der Beek, K. (2017) · The Journal of Economic History · doi:10.1017/s0022050717000043 · Cited by 48
Metadata
- Authors
- Sandberg, L. G.
- Venue
- The Journal of Economic History
- Publisher
- Cambridge University Press (CUP)
- Published
- 1979-03
- Volume
- 39
- Issue
- 1
- Pages
- 225-241
- ISSN
- 0022-0507 (ISSN-L)
- 1471-6372
- OpenAlex
- W2077455696
- Cited by
- 205
- References
- 0
- FWCI
- 3.49
- Type
- journal article
- Language
- en
- Open access
- closed
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- Sandberg, L. G. (1979). The Case of the Impoverished Sophisticate: Human Capital and Swedish Economic Growth before World War I. The Journal of Economic History. https://doi.org/10.1017/s0022050700096418
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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