Using evidence from leases and price series, this article examines the total factor productivity of farming in the Paris Basin between 1450 and 1789. Existing evidence about productivity is unreliable, the article argues, and the leases provide historians with a new and valuable source for the study of productivity and economic growth. The article defends the methods used with the leases, which point to spurts of noteworthy growth on local farms but also to setbacks during times of war and increased taxation. It concludes with an analysis of the causes of economic growth in preindustrial agriculture.

We explain the origins of the Panic of 1857, examine its spread, and compare state banking systems's responses. We describe the decline in western land and railroad investments and the consequent stress on securities brokers and banks in eastern cities, and trace the transmission of the shock to other regions. Bank performance depended not only on regional conditions and links to eastern banks, but on the ability to coordinate behavior. Southern branch banks and coinsuring banks in Ohio and Indiana were particularly successful.

Organized markets in public lands enabled large slaveholders to establish a foothold on the frontier, often in advance of their actual settlement. Their “pre-emptive” purchases of prime cotton lands fostered the regional differentiation of territory by displacing yeoman households to more marginal soils. An analysis of the land market in western Georgia in the 1820s demonstrates the regional patterning of the new territory at the very onset of settlement. The state's land policy, a lottery system, ordained this outcome, as it instituted markets in public lands to which wealthy slaveholders had greater access.

This article attempts to explain why the adoption of potentially productive institutions is delayed and why inefficient ones persist by exploring the dynamics of institutional change in a particular historical case—the closing of the Georgia open range in the late nineteenth century. A closed range policy would have generated net benefits for specific regions of Georgia, but distributional conflicts, coupled with high transaction costs, made a voluntary agreement to do that unattainable. The article describes the Georgia legislature's important role in facilitating the adoption of a policy that led to more rapid agricultural development in the postbellum period.

Between the 1880s and 1930s, apprenticeship was transformed from an institution dominated by employers to one dominated by unions. Prior to this transformation, employers leveraged their ability to hire, fire, and discipline at will by requiring apprentices to post forfeitable performance bonds. Despite their financial interest in the resolution of contract disputes, employers who withheld employees' bonds judged their own cases. Agency theory helps explain the use and abuse of bonding schemes and their role in the subsequent transformation of apprenticeship.

British shipbuilding enjoyed undisputed international supremacy between 1890 and 1914. Following a gradual loss of world market share during the interwar years, Britain sustained an absolute decline in output between 1948 and 1970. European shipbuilding expanded at an unprecedented rate after World War II. This article attributes Britain's dramatic competitive decline in part to management's uncertaintly about the need to reform work administration methods during the decade or so following world War II, and in part to lack of trust between labor and management, which resulted in a failure of cooperation over proposed institutional reform between 1958 and 1965.

We employed data on the heights of English and Irish male convicts transported to Australia to assess the living standards of workers between 1770 and 1815. Falling heights of urban-and rural-born males after 1780 and a delayed growth spurt for 13- to 23-year-old boys revealed declining living standards among English workers during the Industrial Revolution. This conclusion was supported by the fall in English workers' heights relative to that of convicts transported from Ireland. Significant urban-rural and regional variations in English living standards were revealed by using regression techniques.