Pub Date : 2022-09-30DOI: 10.1017/S0212610922000076
Jane E. Knodell, Catalina M. Vizcarra
ABSTRACT This paper examines the role that resource endowments played in the performance of two New World coinages. Massachusetts Bay and the Viceroyalty of Peru provide a useful study in contrasts, having markedly different institutions and resource endowments. Both colonies originally emphasised the provision of «good» money, that is, the provision of a uniform coin (in weight and fineness) and of a sensible mix of large and small denomination coins that would support the domestic economy. Their outcomes, however, differed. We suggest that in Potosi, the sheer volume of the resource endowment (silver) incentivised fraud and the neglect of the provision of fractionary coinage in the viceroyalty. In contrast, in Massachusetts Bay, the scarcity of the resource produced incentives better aligned with the production of «good» money. The northern colony produced a trustworthy coinage that provided small denomination coins for the domestic market.
{"title":"RESOURCE ENDOWMENTS, AGENCY PROBLEMS, AND MONETARY OUTCOMES IN TWO COLONIAL AMERICAN MINTS, 1600-1700","authors":"Jane E. Knodell, Catalina M. Vizcarra","doi":"10.1017/S0212610922000076","DOIUrl":"https://doi.org/10.1017/S0212610922000076","url":null,"abstract":"ABSTRACT This paper examines the role that resource endowments played in the performance of two New World coinages. Massachusetts Bay and the Viceroyalty of Peru provide a useful study in contrasts, having markedly different institutions and resource endowments. Both colonies originally emphasised the provision of «good» money, that is, the provision of a uniform coin (in weight and fineness) and of a sensible mix of large and small denomination coins that would support the domestic economy. Their outcomes, however, differed. We suggest that in Potosi, the sheer volume of the resource endowment (silver) incentivised fraud and the neglect of the provision of fractionary coinage in the viceroyalty. In contrast, in Massachusetts Bay, the scarcity of the resource produced incentives better aligned with the production of «good» money. The northern colony produced a trustworthy coinage that provided small denomination coins for the domestic market.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"41 1","pages":"343 - 373"},"PeriodicalIF":1.0,"publicationDate":"2022-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47934019","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-09-13DOI: 10.1017/S0212610922000088
D. Reher
ABSTRACT Historical literacy in Spain is characterised by enormous regional disparities and important differences by sex. This paper addresses these issues, focusing initially on the 1887 census returns and also making use of local empirical data and of in-depth interviews of elderly informants. The goal is to propose an interpretation of historical patterns of literacy based, to a large extent, on the existence of important differences in the perceived value of literacy and education, very high in some regions and very low in others. The author argues that these cleavages go beyond the importance of economic structures, have deep historical roots and continue to be present in contemporary Spain despite the substantial growth in educational attainment taking place during this past century.
{"title":"PATTERNS OF LITERACY IN HISTORIC SPAIN: AN INTERPRETATION","authors":"D. Reher","doi":"10.1017/S0212610922000088","DOIUrl":"https://doi.org/10.1017/S0212610922000088","url":null,"abstract":"ABSTRACT Historical literacy in Spain is characterised by enormous regional disparities and important differences by sex. This paper addresses these issues, focusing initially on the 1887 census returns and also making use of local empirical data and of in-depth interviews of elderly informants. The goal is to propose an interpretation of historical patterns of literacy based, to a large extent, on the existence of important differences in the perceived value of literacy and education, very high in some regions and very low in others. The author argues that these cleavages go beyond the importance of economic structures, have deep historical roots and continue to be present in contemporary Spain despite the substantial growth in educational attainment taking place during this past century.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"41 1","pages":"83 - 117"},"PeriodicalIF":1.0,"publicationDate":"2022-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47794566","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-09-12DOI: 10.1017/S0212610922000118
Cecilia T. Lanata-Briones
ABSTRACT This paper produces a new estimate of the Argentine cost of living index (COLI) for the period 1912-1943 that amends the oversights of the official series. The lack of an appropriate splice when the shares of the index's components are changed explains the divergence between the official and the Reconstructed COLIs. The 17.3 percentage-point gap for the period 1912-1943 between the official series used by the historiography and the Reconstructed COLI accounts for the oversights of the official estimate. This divergence is also evidenced when generating real wages. Hence, when Juan Domingo Perón arrived at the National Labour Department in 1943, all else being equal, workers of the City of Buenos Aires were worse off economically than the historiography assumes.
{"title":"RECONSTRUCTING OFFICIAL STATISTICS: A NEW ESTIMATE OF THE ARGENTINE COST OF LIVING INDEX, 1912-1943","authors":"Cecilia T. Lanata-Briones","doi":"10.1017/S0212610922000118","DOIUrl":"https://doi.org/10.1017/S0212610922000118","url":null,"abstract":"ABSTRACT This paper produces a new estimate of the Argentine cost of living index (COLI) for the period 1912-1943 that amends the oversights of the official series. The lack of an appropriate splice when the shares of the index's components are changed explains the divergence between the official and the Reconstructed COLIs. The 17.3 percentage-point gap for the period 1912-1943 between the official series used by the historiography and the Reconstructed COLI accounts for the oversights of the official estimate. This divergence is also evidenced when generating real wages. Hence, when Juan Domingo Perón arrived at the National Labour Department in 1943, all else being equal, workers of the City of Buenos Aires were worse off economically than the historiography assumes.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"41 1","pages":"39 - 82"},"PeriodicalIF":1.0,"publicationDate":"2022-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48454734","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-09-06DOI: 10.1017/S021261092200012X
Pablo Delgado, V. Pinilla, Gema Aparicio
ABSTRACT Global agro-food trade grew strongly during the first globalisation. The increase in demand, the fall in trade costs, liberal policies and technological advances explain this expansion in trade. Within this context, this study analyses the formation and evolution of the international market of a special product: meat. It is a peculiar product because it is perishable. Furthermore, it is important to point out that the increase in its trade was based mostly on the strong demand in the United Kingdom, which acquired an almost monopsonist position, and also on the diffusion of mechanical refrigeration. This enabled the countries of the Río de la Plata, particularly Argentina, together with Australia and New Zealand to become world leaders in meat exports.
{"title":"A DIFFERENT PRODUCT? THE FORMATION AND EXPANSION OF THE INTERNATIONAL MEAT AND LIVE CATTLE MARKET (1850–1939)","authors":"Pablo Delgado, V. Pinilla, Gema Aparicio","doi":"10.1017/S021261092200012X","DOIUrl":"https://doi.org/10.1017/S021261092200012X","url":null,"abstract":"ABSTRACT Global agro-food trade grew strongly during the first globalisation. The increase in demand, the fall in trade costs, liberal policies and technological advances explain this expansion in trade. Within this context, this study analyses the formation and evolution of the international market of a special product: meat. It is a peculiar product because it is perishable. Furthermore, it is important to point out that the increase in its trade was based mostly on the strong demand in the United Kingdom, which acquired an almost monopsonist position, and also on the diffusion of mechanical refrigeration. This enabled the countries of the Río de la Plata, particularly Argentina, together with Australia and New Zealand to become world leaders in meat exports.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"41 1","pages":"147 - 182"},"PeriodicalIF":1.0,"publicationDate":"2022-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49366018","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-09-01DOI: 10.1017/S0212610921000148
Ricardo Ferraz
ABSTRACT This article presents estimates of the financial costs incurred by Portugal with the Colonial War (1961-1974). The results obtained show that, on average, the extraordinary expenses most directly related with the war represented 22% of Portuguese state expenditure, equivalent to 3.1% of GDP. They also show that the total costs incurred by Portugal with the Colonial War amounted to between 21.8 billion euros and 29.8 billion euros, at today's prices and in the present-day currency. By estimating a dynamic model, it was also possible to identify a positive relationship between the extraordinary military expenditure on the defence and security of the overseas provinces—which included the budgetary costs of war—and Portuguese economic growth. The conclusions reached represent a valuable contribution to contemporary economic history.
{"title":"THE FINANCIAL COSTS OF THE PORTUGUESE COLONIAL WAR, 1961-1974: ANALYSIS AND APPLIED STUDY","authors":"Ricardo Ferraz","doi":"10.1017/S0212610921000148","DOIUrl":"https://doi.org/10.1017/S0212610921000148","url":null,"abstract":"ABSTRACT This article presents estimates of the financial costs incurred by Portugal with the Colonial War (1961-1974). The results obtained show that, on average, the extraordinary expenses most directly related with the war represented 22% of Portuguese state expenditure, equivalent to 3.1% of GDP. They also show that the total costs incurred by Portugal with the Colonial War amounted to between 21.8 billion euros and 29.8 billion euros, at today's prices and in the present-day currency. By estimating a dynamic model, it was also possible to identify a positive relationship between the extraordinary military expenditure on the defence and security of the overseas provinces—which included the budgetary costs of war—and Portuguese economic growth. The conclusions reached represent a valuable contribution to contemporary economic history.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"40 1","pages":"243 - 272"},"PeriodicalIF":1.0,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48960139","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-12DOI: 10.1017/s0212610922000106
{"title":"RHE series 2 volume 40 issue 2 Cover and Back matter","authors":"","doi":"10.1017/s0212610922000106","DOIUrl":"https://doi.org/10.1017/s0212610922000106","url":null,"abstract":"","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":" ","pages":"b1 - b2"},"PeriodicalIF":1.0,"publicationDate":"2022-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43218164","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-12DOI: 10.1017/s021261092200009x
{"title":"RHE series 2 volume 40 issue 2 Cover and Front matter","authors":"","doi":"10.1017/s021261092200009x","DOIUrl":"https://doi.org/10.1017/s021261092200009x","url":null,"abstract":"","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":" ","pages":"f1 - f3"},"PeriodicalIF":1.0,"publicationDate":"2022-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47695854","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-03-21DOI: 10.1017/S0212610922000064
Luciano Campos
ABSTRACT Devaluations were traditionally considered to be expansionary in the short run and have no real long-run effects. Alternatively, some observers in developing countries found that devaluations were contractionary on impact, and that they might foster long-term growth. Using Argentina as a case study, which is convenient due to its long series availability and its subsequent switches in exchange rate regimes, four structural shocks are identified in line with the traditional and alternative views. It is found that devaluations were mostly contractionary, and that real long-run effects were only possible when inflation was either low or moderate. In light of the estimates, a historical revision of Argentinean devaluation episodes from 1854 to 2018 has been carried out.
{"title":"SHORT- AND LONG-RUN EFFECTS OF DEVALUATIONS: EVIDENCE FROM ARGENTINA","authors":"Luciano Campos","doi":"10.1017/S0212610922000064","DOIUrl":"https://doi.org/10.1017/S0212610922000064","url":null,"abstract":"ABSTRACT Devaluations were traditionally considered to be expansionary in the short run and have no real long-run effects. Alternatively, some observers in developing countries found that devaluations were contractionary on impact, and that they might foster long-term growth. Using Argentina as a case study, which is convenient due to its long series availability and its subsequent switches in exchange rate regimes, four structural shocks are identified in line with the traditional and alternative views. It is found that devaluations were mostly contractionary, and that real long-run effects were only possible when inflation was either low or moderate. In light of the estimates, a historical revision of Argentinean devaluation episodes from 1854 to 2018 has been carried out.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"41 1","pages":"213 - 241"},"PeriodicalIF":1.0,"publicationDate":"2022-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44744295","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-03-10DOI: 10.1017/S0212610922000052
Diego Castañeda Garza, Alice Krozer
ABSTRACT This paper engages with and aims to contribute to the ongoing discussion regarding the role of economic and political elites in inequality dynamics and their reproduction over time. We reconstruct the distribution of wealth employing a sample of wills from the El Colegio de Sonora database covering the period of 1871-1910. We show that the rapid industrialisation and modernisation process that occurred in northern Mexico during the late-19th and early-20th centuries led to a continuous increment in wealth concentration at the top of the distribution. The Gini index measure of 0.58 for the 1871-1885 period rose to 0.80 in 1901-1910. Rather than a natural or «Kuznetsian» inevitability fundamental (kuznetsian) necessity, however, our subsequent analysis of the wills of the upper classes suggests a critical role played by the political economy at the time and highlights the importance of control over natural resources on inequality dynamics.
本文涉及并旨在为正在进行的关于经济和政治精英在不平等动态及其随时间的再生产中的作用的讨论做出贡献。我们利用El Colegio de Sonora数据库中1871-1910年期间的遗嘱样本重建了财富分配。我们表明，19世纪末和20世纪初发生在墨西哥北部的快速工业化和现代化进程导致了财富集中在分配顶端的持续增长。1871年至1885年期间的基尼系数为0.58,1901年至1910年上升至0.80。然而，我们对上层阶级意志的后续分析表明，当时的政治经济发挥了关键作用，并强调了对自然资源的控制对不平等动态的重要性，而不是自然的或“库兹涅茨式”的必然性基本(库兹涅茨式)必要性。
{"title":"LIFE ON THE EDGE: ELITES, WEALTH AND INEQUALITY IN SONORA 1871-1910","authors":"Diego Castañeda Garza, Alice Krozer","doi":"10.1017/S0212610922000052","DOIUrl":"https://doi.org/10.1017/S0212610922000052","url":null,"abstract":"ABSTRACT This paper engages with and aims to contribute to the ongoing discussion regarding the role of economic and political elites in inequality dynamics and their reproduction over time. We reconstruct the distribution of wealth employing a sample of wills from the El Colegio de Sonora database covering the period of 1871-1910. We show that the rapid industrialisation and modernisation process that occurred in northern Mexico during the late-19th and early-20th centuries led to a continuous increment in wealth concentration at the top of the distribution. The Gini index measure of 0.58 for the 1871-1885 period rose to 0.80 in 1901-1910. Rather than a natural or «Kuznetsian» inevitability fundamental (kuznetsian) necessity, however, our subsequent analysis of the wills of the upper classes suggests a critical role played by the political economy at the time and highlights the importance of control over natural resources on inequality dynamics.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"41 1","pages":"7 - 38"},"PeriodicalIF":1.0,"publicationDate":"2022-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43273979","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-03-02DOI: 10.1017/S0212610922000040
María del Mar López Pérez, Ángel Tejada Ponce, María Pilar Sánchez González
RESUMEN Este trabajo presenta un análisis de la desigualdad regional en Castilla en la segunda mitad del siglo XVIII, a partir del estudio del consumo per cápita provincial calculado con las recaudaciones de dos rentas que supusieron los mayores ingresos fiscales del estado: alcabalas y cientos. La desigualdad regional presentó unos niveles reducidos y constantes durante la segunda mitad del siglo, analizando la productividad del trabajo, no encontrando elementos que alterasen significativamente la diferencia entre regiones. Asimismo, podemos señalar que se advierten las dificultades relacionadas con el sector agrario, con limitaciones a la producción y bajos rendimientos. Esas dificultades trataron de minimizarse con actuaciones reformistas que, no obstante, no tuvieron un claro impacto sobre la desigualdad, que permaneció homogénea.
{"title":"DESIGUALDAD REGIONAL EN CASTILLA EN EL SIGLO XVIII","authors":"María del Mar López Pérez, Ángel Tejada Ponce, María Pilar Sánchez González","doi":"10.1017/S0212610922000040","DOIUrl":"https://doi.org/10.1017/S0212610922000040","url":null,"abstract":"RESUMEN Este trabajo presenta un análisis de la desigualdad regional en Castilla en la segunda mitad del siglo XVIII, a partir del estudio del consumo per cápita provincial calculado con las recaudaciones de dos rentas que supusieron los mayores ingresos fiscales del estado: alcabalas y cientos. La desigualdad regional presentó unos niveles reducidos y constantes durante la segunda mitad del siglo, analizando la productividad del trabajo, no encontrando elementos que alterasen significativamente la diferencia entre regiones. Asimismo, podemos señalar que se advierten las dificultades relacionadas con el sector agrario, con limitaciones a la producción y bajos rendimientos. Esas dificultades trataron de minimizarse con actuaciones reformistas que, no obstante, no tuvieron un claro impacto sobre la desigualdad, que permaneció homogénea.","PeriodicalId":45403,"journal":{"name":"Revista De Historia Economica","volume":"41 1","pages":"305 - 341"},"PeriodicalIF":1.0,"publicationDate":"2022-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46445286","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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