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The Black Death, striking a Malthusian economy, raised living standards for the survivors because there was more land to go around.
Drawn from what Matthew Yglesias said, then moved away from
What Matthew Yglesias actually said
- Matthew Yglesias Writes Slow Boring, a near-daily newsletter on American…
Recalls holdingBut new research casts serious doubt on this story. It seems that while there was an economic dividend from the plague, it took time to materialize and was significantly mediated by political institutions.
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