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Intro -- Preface -- References -- Previous Books of Lawrence H. Officer -- Contents -- List of Figures -- List of Tables -- Part I Purchasing Power Parity: Origin and Use -- 1 Salamancans and Gerard Malynes -- 1.1 Salamanca School, Tudor Period -- 1.1.1 Salamanca School -- 1.1.2 Tudor Period -- Notes -- References -- 1.2 Malynes, Gerard De (fl. 1586-1623) -- Selected Works of Malynes -- References -- 2 Gustav Cassel -- 2.1 From Salamancans/Malynes to Cassel -- 2.2 The Impact of Cassel -- 2.3 Motivation for Cassel's PPP Theory -- 2.4 Quantity Theory of Money -- 2.5 Price-Level Concept -- 2.6 Absolute-PPP Theory -- 2.7 Relative-PPP Theory -- 2.8 Digression: Error Term in PPP Theory -- 2.9 Flexibility of PPP -- 2.10 Policy Implications -- Notes -- References -- 3 Purchasing Power Parity in Economic History -- 3.1 Introduction -- 3.2 Categorization of Purchasing-Power-Parity Theories -- 3.3 Historical Application of PPP: Premodern Periods -- 3.3.1 Ancient Period -- 3.3.2 Medieval Period -- 3.3.3 Sixteenth-Century Spain -- 3.4 Techniques of Testing PPP Theory in Economic-History Literature -- 3.4.1 Comparative-Static Computation -- 3.4.2 Regression Analysis -- 3.4.3 Testing for Causality -- 3.4.4 Nonstationarity and Spurious Regression -- 3.4.5 Testing for Stationarity -- 3.4.6 Cointegration Analysis -- 3.5 Price Variable in PPP Computations -- 3.6 Modern Period: Testing of PPP -- 3.6.1 Early North America -- 3.6.2 Bullionist Periods -- 3.6.3 Floating Rates-Second-Half of Nineteenth Century -- 3.6.4 Classic Metallic Standards -- 3.6.5 World War I -- 3.6.6 Floating Rates-1920s -- 3.6.7 1930s -- 3.6.8 Interwar Period -- 3.6.9 Spain-Long Term -- 3.6.10 Guatelmala-Long Term -- 3.7 Analysis of U.S. Return to Gold Standard in 1879 -- 3.8 Establishment and Assessment of a Fixed Exchange Rate in Interwar Period -- 3.8.1 United Kingdom -- 3.8.2 France.

Lawrence H. Officer is a Professor in the Department of Economics at the University of Illinois at Chicago. Among his many publications are three other books published by Palgrave: A New Balance of Payments for the United States, 1790-1919 (2021); Everyday Economics (2009); and Two Centuries of Compensation for U.S. Production Workers in Manufacturing (2009). This book is the culmination of and a collection of distinguished scholar Lawrence Officers principal research over 50 years of scholarly activity. The collection consists primarily of three topics on which the author has spent the major part of his research: purchasing power parity, standard of living, and monetary standards. There is also a unique chapter on economics and economic history in science fiction. This volume is ideal for academics, graduate and undergraduate students, and practitioners.

Intro -- Preface -- Previous Books of Lawrence H. Officer -- Contents -- Abbreviations -- List of Figures -- List of Tables -- Part I Why a New Balance of Payments -- 1 Existing Historical Balance of Payments: A Survey -- 1 Primer on Balance of Payments -- 2 Official Balance-of-Payments Tables: 1919-1939 -- 3 Non-Official Balance-of-Payments Tables: 1790-1918 -- 3.1 Methodology -- 3.2 Contemporary Tables -- 3.3 Historical Tables -- 3.3.1 Private Authors -- 3.3.2 Historical Statistics -- 4 State of the Art -- 5 Plan of the Book -- References -- 2 New Balance of Payments: Features and Implications -- 1 Why a New Balance of Payments -- 1.1 Overcome Limitations of Existing Studies -- 1.2 Take Advantage of Data -- 2 Measurement and Estimation Decisions -- 3 Features of Study -- 3.1 Summary Balance-of-Payments Table -- 3.2 New Series -- 3.3 Implications -- Appendix: Exchange Rates -- A. Domestic -- B. International -- References -- Part II Movement of People -- 3 Free People: Oceanic and Overland -- 1 U.S.-Citizen Tourists: Oceanic -- 1.1 Arrivals -- 1.1.1 Nationality Definition -- 1.1.2 New York Port -- 1.1.3 Total United States -- 1.2 Departures -- 1.3 Regional Breakdown -- 1.3.1 Europe -- 1.3.2 Oceanic Non-Europe -- 1.3.3 Comparisons and Allocation -- 2 Alien Travel: Oceanic Embarkations -- 2.1 Total Embarkations -- 2.1.1 1892-1919 -- 2.1.2 1820-1830 -- 2.1.3 1831-1891 -- 2.1.4 1787-1819 -- 2.2 Immigrants Versus Nonimmigrants -- 2.3 Determinants -- 2.4 Tourists and Distant-Land Transmigrants versus Canada and West Indies Transmigrants -- 2.5 Immigrants: Europe Versus Rest of World -- 3 Transit Immigration -- 4 Canada and Mexico Immigration -- 5 Immigrant Admittances -- 6 Emigration -- 7 Net Immigration -- Appendix: Deaths on Voyage and Debarments -- A. Deaths on Voyage -- B. Debarments -- References -- 4 Slaves: Oceanic -- 1 Conceptual Framework.

Part I. WHY A NEW BALANCE OF PAYMENTS -- Chapter 1. Existing Historical Balance of Payments: A Survey -- Chapter 2. New Balance of Payments: Features and Implications -- Part II. MOVEMENT OF PEOPLE -- Chapter 3. Free People: Oceanic and Overland -- Chapter 4. Slaves: Oceanic -- Chapter 5. Passengers: Domestic -- Part III. MOVEMENT OF GOODS -- Chapter 6. Merchandise Exports -- Chapter 7. Merchandise Imports -- Chapter 8. Gold and Silver -- Chapter 9. Ships and Slaves -- Part IV. MOVEMENT OF FUNDS -- Chapter 10. Unilateral Transfers -- Chapter 11. Capital -- Chapter 12. Income -- Part V. PROVISION OF SERVICES -- Chapter 13. Transportation -- Chapter 14. Travel -- Chapter 15. Fares -- Chapter 16. Financial -- Chapter 17. Military and Slaves -- Part VI. IMPLICATIONS -- Chapter 18. Aggregates and Balances -- Chapter 19. Structure -- Chapter 20. Sectors -- Part VII. CONCLUSIONS -- Chapter 21. Concluding Comments.

This book presents the lifelong and ongoing research of Lawrence H. Officer in a systematic way. The result is an authoritative treatment of such issues as market structure and economic efficiency where more than one characteristic of a commodity is priced, both in general and in application to shipping conferences; financing of the United Nations and International Monetary Fund; monetary history of the UK and US; and central-bank preferences between gold and dollars, The book first examines multidimensional pricing, defined as pricing when a commodity or service has several characteristics th

Geld und Co einfach erklärt - Ökonomische Prinzipien spielen in allen Bereichen unseres Lebens eine Rolle. Daher gilt: Wer die Welt im 21. Jahrhundert verstehen will, muss die Ökonomie verstehen! Dieses Buch leistet genau das: Es liefert grundlegendes Wissen über die Funktionsweise der Wirtschaft. US-Ökonom Lawrence H. Officer spannt dabei einen Bogen von den Finanzmärkten über die Globalisierung bis hin zu den persönlichen Finanzen. Auf einfache Fragen gibt Officer auch und gerade für Laien verständliche und erhellende Antworten, die ohne abschreckende Fachterminologie auskommen. Ein Buch für jeden, der sich die Grundlagen der Wirtschaft aneignen will.

Meaning of economics (refined common sense) -- Employment and compensation (labor markets and you) -- Personal finance (your money) -- Personal spending (your purchases) -- Government and the economy (help or hindrance) -- Financial markets (bubbles and bursts) -- Cycles and growth (booms and busts) -- Central banks and money (the fed) -- Economic systems (capitalism and communism) -- Globalization (global economy and you)

1 The Theory of International Trade -- Comment by Avinash Dixit -- 2 The Issue of Protection -- Comment by James H. Cassing -- 3 International Linkages, Exchange-Rate Regimes, and the International Transmission Process: Perspectives from Optimizing Models -- Comment by Marianne Baxter -- 4 National Policies and the International Monetary System -- Comment by Michael R. Darby.

PurposeThe purpose of this paper is to provide long‐run annual series of the value of the consumer bundle and related variables.Design/methodology/approachBenchmark data are assembled for each of the variables. Interpolative techniques are used to obtain values for missing years.FindingsContinuous annual series for 1900‐2004 are developed for value of the consumer bundle, number of consumer units, and average size of the consumer unit. Behavior of the series over time is consistent with what economic and demographic experience would suggest.Originality/valueGeneration of long‐run series as extensions of aggregate‐type data in the Consumer Expenditure Survey of the Bureau of Labor Statistics.