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The United States is often taken to be the exemplar of the benefits of a monetary union. Since 1788 Americans, with the exception of the Civil War years, have been able to buy and sell goods, travel, and invest within a vast area without ever having to be concerned about changes in exchange...
Persistent link: https://www.econbiz.de/10012471140
The United States differed dramatically from Britain in the way manufacturing was organized during early industrialization. Even before widespread mechanization, American production was almost exclusively from centralized plants, whereas the British and other European economies were...
Persistent link: https://www.econbiz.de/10012475168
This paper utilizes household-level budget data from the 1889/90 United States Commissioner of Labor survey to estimate the full Almost Ideal Demand System with demographic and other covariates. Price data were obtained from the Aldrich Report of 1892. The purpose is to make better use of the...
Persistent link: https://www.econbiz.de/10012475994