Problems of perspective : the myth of free trade Britain and fortress France -- The history of British economic policy -- The unbearable lightness of drink : assessing the effects of British tariffs on French wine -- The beginnings : trade and the struggle for European power in the late 1600s --...

This article gives methodological guidance on how best to compare the share of profits in value-added across countries using national accounts. Such comparisons are often based on accounts for institutional sectors such as non-financial corporations. It turns out that these are less...