Research in Economic History, Volume 25 (Research in by Alexander J. Field, Gregory Clark, William A. Sundstrom

By Alexander J. Field, Gregory Clark, William A. Sundstrom

The quantity comprises six papers in quantitative fiscal heritage. Peter Mancall, Josh Rosenbloom, and Tom Weiss give some thought to development in colonial North the United States, whereas Gary Richardson examines the function of financial institution mess ups in propagating the nice melancholy. John Komlos examines the heights of wealthy and bad early life in England within the past due eighteenth and early 19th century. Klas Fregert and Roger Gustafson supply a synoptic view of public funds in Sweden from the eighteenth in the course of the 20th century. Drew Keeling stories the economics of the steamship that facilitated migration among Europe and the U.S. among 1900 and 1914. eventually, Gregg Huff and Giovanni Caggiano study the mixing of work markets in Southeast Asia within the past due 19th and early 20th century. It comprises unique articles written via specialists at the matters and articles supported through quantitative info.

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McCusker and Menard (1985, pp. ’’ In the latter’s case, duties on foreign indigo likely had a more favorable effect. 51. Over the course of the 70 years of payments, the cost totaled d1,471,719 (Albion, 1926, Appendix B, p. 418). 52. 6). 53. The average per capita income for the entire free population in the United States in 1840 was $105, above that for the free colonists of the Lower South (Fogel & Engerman, 1971, p. 335). These figures were reported in prices of 1860, but they would be the same if expressed in 1840 prices because there was no change in the GDP price deflator between the two dates (Gallman, 1966, Table A-3).

With a rise in income, households can choose to have more goods and more children. If the prices of goods were relatively high, as they likely were in colonial America, households might have chosen to substitute children for durable goods. Further some might have chosen to increase the number of children rather than try to provide greater quality for a smaller number. See Easterlin (2004, Ch. 8), for a discussion of these issues. 57. We have used a terminal date of 1803 so that we could link to an established figure for domestically produced exports reported in Pitkin (1816 [reprinted 1967]).

Explorations in Economic History, 39, 390–424. Mancall, P. , & Weiss, T. (2002b). Estimates of deerskin exports from the Lower South. Photocopy, Lawrence, KS: University of Kansas. Mancall, P. , & Weiss, T. (2004). Conjectural estimates of economic growth in the Lower South, 1720 to 1800. In: T. W. Guinnane, W. A. Sundstrom & W. C. Whatley (Eds), History matters: Essays on economic growth, technology, and demographic change (pp. 387–424). Stanford: Stanford University Press. Mancall, P. , & Weiss, T.

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