作者：Esteban, JC
摘要：Ongoing research on British overseas trade does not support supply-side explanations of British industrialization. Contrary to widely publicized views, the share of British industrial exports in alternative measures of industrial output rose almost continuously throughout the period 1723 to 1851. This finding rests on the official values of British domestic exports, and it is confirmed by new annual estimates of Britain's domestic export values at current and constant prices from 1772 to 1821....
作者：Lastrapes, WD; Selgin, G
摘要：Although its role has been overlooked by monetary historians: a two-cent lax on bank checks effective from June 1932 through December 1934 appears to have been an important contributing factor to that period's severe monetary contraction. According to the estimates in this article, the currency-demand deposit ratio was about 15 percent higher, and the M1 money stock about 12, percent smaller ceteris paribus, than each would have been without the tax. The contractionary consequences had in fact...
