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Wed 12 April
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Wednesday 12 April 2023 08.30 - 10.30
E-1 ECO01 Economic History and Sustainability
B22
Network: Economic History Chairs: -
Organizer: Cristián Ducoing Discussant: Marc Badia-Miró
Moderators: -
Per Hallén : Company Organization and Technological Change in Scandinavian Fishing until 1945
When steam-powered fishing vessels became more common in the late 19th century, it was British vessels and technology that were largely the model when similar methods were introduced around Europe. Attempts were also made in Denmark, Norway and Sweden, with varying degrees of success, to introduce industrial fishing methods according ... (Show more)
When steam-powered fishing vessels became more common in the late 19th century, it was British vessels and technology that were largely the model when similar methods were introduced around Europe. Attempts were also made in Denmark, Norway and Sweden, with varying degrees of success, to introduce industrial fishing methods according to the British model. This period is often presented as a time when traditional "free" fishermen stood against the fishing companies and big capitalists of the new age. The fishing companies are often presented as something marginal in the fishing industry in Scandinavia. But on closer inspection of the technology shift in Scandinavia, it becomes clear that this picture needs to be nuanced.
When the fishing industry took the step into the industrial age, it was more than just fishing methods and fishing vessels that changed. The vessels became increasingly expensive and individual fishermen could not finance the new fishing vessels. Collaboration, bank loans or government support were required. International trade in used fishing vessels also became extensive.
Unlike sailing vessels, steam-powered fishing vessels obviously needed fuel in the form of coal. The fuel depots and their connection to international trade in coal over the sea or via the railway system helped to concentrate fishing in fewer and larger ports.
The logistics system that brought fuel to the ports was also important for transporting the catches out to consumers. Often only the supply side is highlighted when it comes to fishing. It is less often emphasized that it was not obvious for consumers inland to buy fish simply because it became more readily available and cheaper than before.
Fishing was an industry that was significantly changed by industrialization at the same time as a notion was built up that the current fishing in Scandinavia was created without the influence of companies, financial markets or state aid. In my research, on the history of fishing and especially the period when steam power, company formations and state support for fishing became important factors in Scandinavian fishing, I hope to be able to challenge this notion.
Fishing in the three Scandinavian countries has certain similarities but also significant differences in terms of the introduction of different components of what has emerged earlier in British fishing. In this paper, the three countries will be compared on the basis of both previous research and processing of fisheries statistics. (Show less)

Eoin McLaughlin : Tracing Sustainability in the Long Run
This article presents a long-run view of sustainable development. We have introduced a new database on Genuine Savings (GS), an indicator propagated by the World Bank and widely used in contemporary economic research. GS derives from the theoretical work on wealth accounting, and addresses shortcomings in conventional metrics of economic ... (Show more)
This article presents a long-run view of sustainable development. We have introduced a new database on Genuine Savings (GS), an indicator propagated by the World Bank and widely used in contemporary economic research. GS derives from the theoretical work on wealth accounting, and addresses shortcomings in conventional metrics of economic development by incorporating broader measures of saving and investment, including human capital (education), and natural resource depletion. Its value as an indicator is determined the possibility to predict future standard of living on basis of genuine investments of the past. This article provides consistent historical estimates of GS since 1850 for 25 countries to enhance, complement and contextualise the work of the World Bank. (Show less)

M. del Mar Rubio-Varras : Adjusted Net Savings in Latin America (1880– 2020). Stylized Facts on Natural Resource Dependence and Development
Latin America has been characterized as a region dependent on natural resources. The economic
cycles of Latin American countries are related with raw materials demand from the core economies,
hampering the autonomy of its economic policy. In this article we found that Latin America has a bigger
gap with the developed world than ... (Show more)
Latin America has been characterized as a region dependent on natural resources. The economic
cycles of Latin American countries are related with raw materials demand from the core economies,
hampering the autonomy of its economic policy. In this article we found that Latin America has a bigger
gap with the developed world than mainstream income estimations suggest (mainly GDP estimations).
If we take into account environmental degradation and lack of reinvestment of natural resources rents
(under the adjusted net savings framework), Latin America have not achieved the basics of weak
sustainability, meaning the compensation of natural resource extraction and environmental damages
through investment in physical and human capital. Using a sample of nine countries, including
Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Mexico, Uruguay and Venezuela, the study
covers more than 130 years of history. (Show less)



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