We study British prices and the degree of commodity market integration between Liverpool, the bulk commodity port of mid-19th century, and London. A new wholesale commodity price index is presented for Liverpool and this is compared with the Klovland-Sauerbeck index. Next, we examine the...

We study British prices and the degree of commodity market integration between Liverpool, the bulk commodity port of mid-19th century, and London. A new wholesale commodity price index is presented for Liverpool and this is compared with the Klovland-Sauerbeck index. Next, we examine the...

In this article, the author proposes to focus on two related questions: Does the Economic Council's analysis suggest major theoretical errors in—or perhaps major theoretical challenges to—received doctrine on the nature of the impact of a unilateral removal of Canadian barriers to...