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Full-Text Articles in Economic History

Antebellum Labor Markets, Joshua L. Rosenbloom Feb 2018

Antebellum Labor Markets, Joshua L. Rosenbloom

Economics Working Papers

The United States economy was transformed in the period between American independence and the beginning of the Civil War by rapid population growth, the development of manufacturing, the onset of modern economic growth, increasing urbanization, the rapid spread of settlement into the trans-Appalachian west, and the rise of European immigration. These years were also characterized by an increasing sectional conflict between free and slave states that culminated in 1861 in Southern secession from the Union and a bloody and destructive Civil War. Labor markets were central to each of these developments, directing the reallocation of labor between sectors and regions ...


The Gold Standard And The Transmission Of Business Cycles, 1833-1932, Wallace E. Huffman, James R. Lothian Jan 1984

The Gold Standard And The Transmission Of Business Cycles, 1833-1932, Wallace E. Huffman, James R. Lothian

Economics Presentations, Posters and Proceedings

Descriptions of the gold standard have stressed two very different aspects of that monetary system. Modern observers, concerned with high and rising rates of inflation, have written enthusiastically and often nostalgically of the longer-term price stability that existed during the gold standard era. Many other economists during the past century and a half, however, have rendered a less kindly judgment, emphasizing instead the frequent and sometimes severe business contractions that characterized the period as well as the substantial shorter- and intermediate-term swings in the price level.


Stability, Random Disturbances, And The Exchange Rate Regime, Walter Enders, Harvey E. Lapan Jul 1979

Stability, Random Disturbances, And The Exchange Rate Regime, Walter Enders, Harvey E. Lapan

Economic Staff Paper Series

Economists have long debated the relative merits of fixed versus flexible exchange rate systems. One of the major issues in this debate concerns the ability of the exchange rate system to isolate a nation from external disturbances: see for example, papers by Mundell (1960), Stern (1963), Tower and Courtney (1974), and Enders (1977), Fischer , (1977) added another dimension to the controversy by examining the relative stability of real consumption and prices, assuming that the economy is subject to stochastic disturbances. His principle conclusion for the small open economy is that if disturbances are . external, then a flexible exchange rate regime ...


Imports And Import Functions For Brazil, 1953-1970, Richard Weisskoff Feb 1979

Imports And Import Functions For Brazil, 1953-1970, Richard Weisskoff

Economic Staff Paper Series

Throughout the postwar period, the Brazilian economy has swung violently through phases which have been described first as the rise and the decline of import substitution, and then, after even more severe economic contraction and political counter-revolution, an explosion of growth known as the "Brazilian miracle." All during this period, Brazil has relied on its exchange markets and protective structure to ration its constricted import capacity among competing users. While other import-substituting countries have turned more exclusively to discretionary quotas and licensing...


Frank Albert Fetter On The Business Cycle, Gerald P. O'Driscoll Jr. Mar 1978

Frank Albert Fetter On The Business Cycle, Gerald P. O'Driscoll Jr.

Economic Staff Paper Series

Frank Albert Fetter (1863-1949) was one of the most distinguished American economists of his generation. Past president of the A.E.A. (1912), frequent contributor to the major journals and frequent participant at A.E.A. sessions. Fetter was a leader of an American School of economists who were responsible for gaining international recognition for U.S. economists. Fetter and the other major figures in this school, which included, inter alia┬╗ J. B. Clark, Henry Davenport, and Irving Fisher, not only advanced the new marginal utility theory but also engaged in frequent debates among themselves. These debates frequently centered on ...