We speak often of 'representative democracy' and we tend to regard it as the dominant form of government in the modern West. But who or what is represented by the electoral systems of the modern democratic state? Although we may be prone to regard contemporary democracies as embodying...

"Exchange rates and price indices are constructed to test purchasing power parity between eight British North American colonial locations, five of whom issued their own fiat paper money. Purchasing power parity is then tested between these same locations after six became states politically and...