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NickSzabo4's profile
Nick Szabo⚡️
Nick Szabo⚡️
Nick Szabo ⚡️
@NickSzabo4

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Nick Szabo ⚡️

@NickSzabo4

Blockchain, cryptocurrency, and smart contracts pioneer. (RT/Fav/Follow does not imply endorsement). Blog: http://unenumerated.blogspot.com 

Joined June 2014

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    1. Pseudoerasmus‏ @pseudoerasmus Sep 2

      But given China's market disintegration & lack of knowledge accumulation, why does the ecological argument even matter? You need a modern textile industry to exploit Amer. ghost acres. Maybe 90 extra sugar kcal/day for China wd have led to labour intensification in rice productio

      1 reply 6 retweets 29 likes
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    2. Pseudoerasmus‏ @pseudoerasmus Sep 2

      So in my opinion, Pomeranz has really boxed himself in. He needs to explain Chinese technological stagnation, but rejects the low-wage hypothesis; so his only recourse is to make an ecological argument which is very insufficient to explain the origins of the industrial revolution

      4 replies 7 retweets 39 likes
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    3. Pseudoerasmus‏ @pseudoerasmus Sep 2

      Pseudoerasmus Retweeted Pseudoerasmus

      Pomeranz mentions this machine & sort of assumes if such a thing existed once, even if it had not been used in 500 years, the technological gap w Europe could not have been wide in 1750-1800. It's implicitly assuming away centuries of learning by doing....https://twitter.com/pseudoerasmus/status/549843816124256256 …

      Pseudoerasmus added,

      Pseudoerasmus @pseudoerasmus
      China 32-spindle water-powered spinning frame fr ramie 1300s, but forgotten by 1600, but not bested until 1760s UK pic.twitter.com/Ewm2MBIia1
      1 reply 8 retweets 31 likes
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    4. Pseudoerasmus‏ @pseudoerasmus Sep 2

      None of this is to endorse a "culture of science" argument. IMO when it comes to China, Elvin-Allen is probably right low wages impeded the long-run development AND conservation of knowledge re labour-saving technology. But why the long-run low wage equilibrium in the 1st place?

      2 replies 6 retweets 29 likes
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    5. Pseudoerasmus‏ @pseudoerasmus Sep 2

      Pseudoerasmus Retweeted Pseudoerasmus

      IMO the best theory for China's low wage equilibrium is geographical & argued in this paper: rice agriculture had an intrinsically high labour intensity => lower food prices => higher fertility => higher population density at a lower standard of livinghttps://twitter.com/pseudoerasmus/status/1027869091535745024 …

      Pseudoerasmus added,

      Pseudoerasmus @pseudoerasmus
      The best theory for the comparative development consequences of that pattern of intrinsic labour intensities of 'wheat' and 'rice' https://link.springer.com/article/10.1007/s10887-011-9074-1 …
      Show this thread
      4 replies 14 retweets 36 likes
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    6. Pseudoerasmus‏ @pseudoerasmus Sep 2

      The above, & the fact that the 19th century coincides with the down phase of China's dynastic cycles, explains China's great divergence. Quite apart from any European incursion, the 19th century was catastrophically turbulent for China filled with civil wars & famines & breakdown

      2 replies 7 retweets 19 likes
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    7. Pseudoerasmus‏ @pseudoerasmus Sep 2

      The fact that China could not modify and transform its institutions in the way Japan did is obviously due to that chaos and crisis of legitimacy, but also indirectly related to geography as is nicely argued by @markkoyama herehttps://medium.com/@MarkKoyama/geopolitics-and-asias-little-divergence-e5a103eb0d9b …

      3 replies 24 retweets 61 likes
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    8. Pseudoerasmus‏ @pseudoerasmus Sep 2

      Although the Chinese economy -- especially around Shanghai and the coastal regions -- did much better than most people realise in the period 1911-37. Also see https://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00458?journalCode=rest …pic.twitter.com/nc4CVXQd7L

      2 replies 7 retweets 18 likes
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    9. Pseudoerasmus‏ @pseudoerasmus Sep 2

      Finished and enough! Curse upon @BrankoMilan :-) for distracting me (once again) from the righteous path of reducing Twitter time....https://www.youtube.com/watch?v=UPw-3e_pzqU …

      2 replies 3 retweets 19 likes
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    10. Pseudoerasmus‏ @pseudoerasmus Sep 2

      One more thing! The idea that rice has intrinsically high labour intensity, rice had less diminishing returns to labour input than wheat, & rice can improve soil quality are themes covered in Francesca Bray's very good book (it's also a theme in Boserup)pic.twitter.com/SkC6XOjmkH

      5 replies 30 retweets 102 likes
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      Nick Szabo ⚡️‏ @NickSzabo4 Sep 2
      Replying to @pseudoerasmus

      Comparing this vs. that grain zooms right past the target. The first areas in Europe to industrialize were well-watered regions strong in livestock agriculture (Midlands, Clydeside, Wallonia, Alsace-Lorraine, parts of Switzerland). None were strong grain-growing regions.

      9:56 PM - 2 Sep 2018
      • 3 Likes
      • Bingo Little Crypto Law Student ⚡️ Spandrell
      1 reply 0 retweets 3 likes
        1. Richard lajoie‏ @Markisathieve Sep 4
          Replying to @NickSzabo4 @pseudoerasmus

          Yanya I love bean heads you know I know satochi motorsworks

          0 replies 0 retweets 0 likes
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