This review article seeks to build bridges between mainstream African history and the more historically oriented branch of the ‘new’ economic history of Africa. We survey four central topics of the new economic history of Africa — growth, trade, labor, and inequality — and argue that the increased use of quantitative methods and comparative perspectives have sharpened views on long-term trajectories of economic development within Africa and placed the region more firmly into debates of global economic development. The revival of African economic history opens new opportunities for Africanist historians to enrich the interdisciplinary approaches they have taken to study questions of demography, poverty, slavery, labor, inequality, migration, state formation, and colonialism. These fruits, however, can only be reaped if the institutional boundaries between the fields of history and economic history are softened and both sides engage in greater mutual engagement. Our paper aims to move closer to a shared vision on the benefits and limitations of varying quantitative methods, and how these approaches underpin both more and less convincing narratives of long-term African development.

We use a new trade dataset showing that nineteenth century sub-Saharan Africa experienced a terms of trade boom comparable to other parts of the “global periphery.” A sharp rise in export prices in the five decades before the scramble (1835–1885) was followed by an equally impressive decline during the colonial era. This study revises the view that the scramble for West Africa occurred when its major export markets were in decline and argues that the larger weight of West Africa in French imperial trade strengthened the rationale for French instead of British initiative in the conquest of the interior.

There is a tight historical connection between endemic labour scarcity and the rise of coercive labour market institutions in former African colonies. This paper explores how European mining companies in the Belgian Congo and Northern Rhodesia secured scarce supplies of African labour, by combining coercive labour recruitment practices with considerable investments in living standards. By reconstructing internationally comparable real wages, we show that copper mine workers lived at barebones subsistence in the 1910s–1920s, but experienced rapid welfare gains from the mid-1920s onwards, to become among the best paid manual labourers in Sub-Saharan Africa from the 1940s onwards. We investigate how labour stabilization programs raised welfare conditions of mining worker families (e.g., medical care, education, housing quality) in the Congo, and why these welfare programs were more hesitantly adopted in Northern Rhodesia. By showing how solutions to labour scarcity varied across space and time, we stress the need for dynamic conceptualizations of colonial institutions, as a counterweight to their oft supposed persistence in the historical economics literature.

This paper comments on studies that aim to quantify the long-term economic effects of historical European settlement across the globe. We argue for the need to properly conceptualise «colonial settlement» as an endogenous development process shaped by the interaction between prospective settlers and indigenous peoples. We conduct three comparative case studies in West, East and Southern Africa, showing that the «success» or «failure» of colonial settlement critically depended on colonial government policies arranging European farmer’s access to local land, but above all, local labour resources. These policies were shaped by the clashing interests of African farmers and European planters, in which colonial governments did not necessarily, and certainly not consistently, abide to settler demands, as is often assumed.

The historical and social science literature is divided about the importance of metropolitan blueprints of colonial rule for the development of colonial states. We exploit historical records of colonial state finances to explore the importance of metropolitan identity on the comparative development of fiscal institutions in British and French Africa. Taxes constituted the financial backbone of the colonial state and were vital to the state building efforts of colonial governments. A quantitative comparative perspective shows that pragmatic responses to varying local conditions can easily be mistaken for specific metropolitan blueprints of colonial governance and that under comparable local circumstances the French and British operated in remarkably similar ways.