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The Current Value of English Exports, 1697 to 1800

Bibliographic Data

ID3376912
AuthorsJohn J Mccusker (corresponding author)
Year1971
Volume28
Issue4
Pages607
Publication date1971-10-01
Open AccessNo
TypeARTICLE
VenueThe William and Mary Quarterly (JOURNAL)
Journal identifiersISSN: 0043-5597 • E-ISSN: 1933-7698
PublisherJSTOR (PUBLISHER)
DOI10.2307/1922190
OpenAlexW2329119545
LanguageEN
Citations received12

VER since Charles Whitworth first published his volume on the State of the Trade of Great Britain in I776, scholars have used his figures to evaluate England's balance of trade with the rest of the world.' Perhaps the most interested in this endeavor have been historians of colonial America who have related Whitworth's numbers to the changing fortunes of the colonies, to their currency problems, and, naturally, to the American Revolution. They have not been alone, for England traded with the world, and others have used his data in discussions of the trade of Scandinavia, southern Europe, Africa, and the East Indies. Yet many historians remain unaware that this annual series of English trade figures does not record the actual value of trade with other countries of the world. We have in Whitworth's book not the current value of English imports and exports but rather a series of figures which express the volume of trade in money terms of constant value. As they stand, the data bear only an incidental relationship to the English balance of tradewith the thirteen North American colonies or anywhere else. The purpose of this discussion is to offer a systematic conversion of the constant value series of exports from England, Wales, and Scotland into a current value series through the mechanism of a commodity price index. The result is a closer approximation of the real annual value of British exports during the eighteenth century

Current (fluid · Statistics · Value (mathematics · Geology · Historical Economic and Social Studies · Mathematics · Oceanography

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  • What Did Merchants Do? Reflections on British Overseas Trade, 1660-1790

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  • No one here knows half so much of this matter as yourself

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  • Prices and the value of English exports in the eighteenth century

    D Smith, Stephanie D Smith•The Economic History Review•1995

Citations per year0.22
Citation span1972 - 2015 (44)
Highly citedNo

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