Overview
- Improves the balance of payments statistics for the United States from 1790 to 1919?
- Explores important questions in US history and international economics, such as the movement of people, movement of goods, movement of funds, provision of services, and their implications
- Provides exhaustive coverage of early US trade
Part of the book series: Palgrave Studies in American Economic History (AEH)
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About this book
This book develops new balance of payments statistics for the United States from 1790 to 1919, before official statistics were kept. Part I of this book justifies construction of a new balance of payments table, and Chapter 1 surveys existing tables from that standpoint. Chapter 2 shows how this book overcomes the limitations of Office of Business Economics and its North-Simon-Goldsmith foundation. Specific features are highlighted, including measurement decisions, improvement of OBE series, development of new series, and derived implications for the structure of the US economy and for the importance of individual sectors that loom large at various times: slave trade, shipping, manufacturing, and travel. The book then generates new time series of the movement of people, the movement of goods, the movement of funds, and the provision of services. Part VI puts the new balance of payments table to use in several ways: aggregates and balances within the table, structure of the US economy, and specific sectors of the economy (slave trade, shipping, manufacturing, travel). Finally, Part VII provides concluding comments.
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Keywords
Table of contents (21 chapters)
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Front Matter
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Why a New Balance of Payments
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Front Matter
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Movement of People
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Front Matter
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Movement of Goods
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Front Matter
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Movement of Funds
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Front Matter
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Provision of Services
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Front Matter
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Reviews
“This book provides a definitive treatment of the U.S balance of payments 1790–1919. … The book is a major contribution to U. S economic history. … the book is a monumental effort and its mastery of disparate sources puts it on a par with classics such as Lebergott (1964). It will surely stimulate further research.” (John Devereux, EH Net, eh.net, May, 2022) “A New Balance of Payments is a remarkable achievement. The comprehensive coverage, detailed source references, and explanations for underlying assumptions are outstanding, and the annotative bibliographical richness is exemplary. The book is chock full of questions, answers, new answers to old questions, and answers which prompt further questions. It is a welcome, highly recommendable and widely applicable reference book.” (Drew Keeling, Independent Scholar)
Authors and Affiliations
About the author
Lawrence H. Officer is Professor of Economics at the University of Illinois at Chicago, USA.
Bibliographic Information
Book Title: A New Balance of Payments for the United States, 1790–1919
Book Subtitle: International Movement of Free and Enslaved People, Funds, Goods and Services
Authors: Lawrence H. Officer
Series Title: Palgrave Studies in American Economic History
DOI: https://doi.org/10.1007/978-3-030-66099-4
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
Hardcover ISBN: 978-3-030-66098-7Published: 25 March 2021
Softcover ISBN: 978-3-030-66101-4Published: 29 March 2022
eBook ISBN: 978-3-030-66099-4Published: 24 March 2021
Series ISSN: 2662-3900
Series E-ISSN: 2662-3919
Edition Number: 1
Number of Pages: XXXIII, 415
Number of Illustrations: 1 b/w illustrations
Topics: Economic History, International Economics, US History, History of the Americas