Working Papers,
Copenhagen Business School, Department of Economics

Abstract: The public mechanical clock and the movable type printing press were two of the most important and complex general purpose technologies of the late medieval period. We document two of their most important, yet unforeseeable, consequences. First, an instrumental variables analysis indicates that towns that were early adopters of clocks were more likely to also be early adopters of presses. We posit that towns with clocks became upper-tail human capital hubs—both technologies required extensive technical know-how that had many points of overlap. Second, a three-stage instrumental variables analysis indicates that the press influenced the adoption of Lutheranism and Calvinism, while the clock’s effect on the Reformation was indirect (via the press).

Keywords: mechanical clock; printing press; technology; Reformation; human capital; Calvinism; Lutheranism; instrumental variables

JEL-codes: N33; N73; O33; O34; P48; Z12

57 pages, March 1, 2019

Full text files

9731  Full text

Download statistics

• Copenhagen Business School, Department of Economics
• Ordering Working Papers
• Home page for this series

Questions (including download problems) about the papers in this series should be directed to Lars Nondal ()
Report other problems with accessing this service to Sune Karlsson ().

RePEc:hhs:cbsnow:2019_005This page generated on 2024-11-13 04:36:06.