001450108 000__ 05666cam\a2200541\i\4500 001450108 001__ 1450108 001450108 003__ OCoLC 001450108 005__ 20230310004508.0 001450108 006__ m\\\\\o\\d\\\\\\\\ 001450108 007__ cr\cn\nnnunnun 001450108 008__ 221009s2022\\\\sz\a\\\\ob\\\\001\0\eng\d 001450108 019__ $$a1347023597 001450108 020__ $$a9783030959258$$q(electronic bk.) 001450108 020__ $$a3030959252$$q(electronic bk.) 001450108 020__ $$z9783030959241 001450108 020__ $$z3030959244 001450108 0247_ $$a10.1007/978-3-030-95925-8$$2doi 001450108 035__ $$aSP(OCoLC)1347020408 001450108 040__ $$aYDX$$beng$$erda$$epn$$cYDX$$dGW5XE$$dEBLCP$$dUKMGB$$dN$T$$dUKAHL 001450108 049__ $$aISEA 001450108 050_4 $$aHC21 001450108 08204 $$a330.9$$223/eng/20221018 001450108 1001_ $$aOfficer, Lawrence H.,$$eauthor.$$1https://isni.org/isni/0000000082756776 001450108 24510 $$aEssays in economic history :$$bpurchasing power parity, standard of living, and monetary standards /$$cLawrence H. Officer. 001450108 264_1 $$aCham :$$bPalgrave Macmillan,$$c[2022] 001450108 264_4 $$c©2022 001450108 300__ $$a1 online resource (xxvii, 542 pages) :$$billustrations (some color) 001450108 336__ $$atext$$btxt$$2rdacontent 001450108 337__ $$acomputer$$bc$$2rdamedia 001450108 338__ $$aonline resource$$bcr$$2rdacarrier 001450108 504__ $$aIncludes bibliographical references and indexes. 001450108 5050_ $$aIntro -- Preface -- References -- Previous Books of Lawrence H. Officer -- Contents -- List of Figures -- List of Tables -- Part I Purchasing Power Parity: Origin and Use -- 1 Salamancans and Gerard Malynes -- 1.1 Salamanca School, Tudor Period -- 1.1.1 Salamanca School -- 1.1.2 Tudor Period -- Notes -- References -- 1.2 Malynes, Gerard De (fl. 1586-1623) -- Selected Works of Malynes -- References -- 2 Gustav Cassel -- 2.1 From Salamancans/Malynes to Cassel -- 2.2 The Impact of Cassel -- 2.3 Motivation for Cassel's PPP Theory -- 2.4 Quantity Theory of Money -- 2.5 Price-Level Concept 001450108 5058_ $$a2.6 Absolute-PPP Theory -- 2.7 Relative-PPP Theory -- 2.8 Digression: Error Term in PPP Theory -- 2.9 Flexibility of PPP -- 2.10 Policy Implications -- Notes -- References -- 3 Purchasing Power Parity in Economic History -- 3.1 Introduction -- 3.2 Categorization of Purchasing-Power-Parity Theories -- 3.3 Historical Application of PPP: Premodern Periods -- 3.3.1 Ancient Period -- 3.3.2 Medieval Period -- 3.3.3 Sixteenth-Century Spain -- 3.4 Techniques of Testing PPP Theory in Economic-History Literature -- 3.4.1 Comparative-Static Computation -- 3.4.2 Regression Analysis 001450108 5058_ $$a3.4.3 Testing for Causality -- 3.4.4 Nonstationarity and Spurious Regression -- 3.4.5 Testing for Stationarity -- 3.4.6 Cointegration Analysis -- 3.5 Price Variable in PPP Computations -- 3.6 Modern Period: Testing of PPP -- 3.6.1 Early North America -- 3.6.2 Bullionist Periods -- 3.6.3 Floating Rates-Second-Half of Nineteenth Century -- 3.6.4 Classic Metallic Standards -- 3.6.5 World War I -- 3.6.6 Floating Rates-1920s -- 3.6.7 1930s -- 3.6.8 Interwar Period -- 3.6.9 Spain-Long Term -- 3.6.10 Guatelmala-Long Term -- 3.7 Analysis of U.S. Return to Gold Standard in 1879 001450108 5058_ $$a3.8 Establishment and Assessment of a Fixed Exchange Rate in Interwar Period -- 3.8.1 United Kingdom -- 3.8.2 France -- 3.9 Conclusions -- Notes -- References -- 4 Afterword to Part I -- 4.1 Salamancans and Gerard Malynes (Chapter 1) -- 4.2 Gustav Cassel (Chapter 2) -- 4.3 Other Studies (Chapter 3 Extended) -- Notes -- References -- Part II Purchasing Power Parity: Empirical Studies -- 5 Absolute and Relative Purchasing Power Parity -- 5.1 The Relationship Between Absolute and Relative Purchasing Power Parity -- 5.1.1 Proof That the Restated PPP Theory Is Not a Truism 001450108 5058_ $$a5.1.2 Alternative Price-Level Concepts of PPP -- 5.1.3 Empirical Analysis of the Strong PPP and Naive Models -- 5.1.4 Empirical Analysis of the Weak PPP and Naive Models -- Appendix: The Data -- Absolute PPP -- GDP Deflator -- Consumer Price Index -- Notes -- References -- 6 Law of One Price -- 6.1 The Law of One Price Cannot Be Rejected: Two Tests Based on the Tradable/Nontradable Price Ratio -- 6.1.1 Introduction -- 6.1.2 Law of One Price -- 6.1.3 Critique of Empirical Literature -- 6.1.4 A Model of PPP and the Tradable/Nontradable Price Ratio 001450108 506__ $$aAccess limited to authorized users. 001450108 520__ $$aLawrence H. Officer is a Professor in the Department of Economics at the University of Illinois at Chicago. Among his many publications are three other books published by Palgrave: A New Balance of Payments for the United States, 1790-1919 (2021); Everyday Economics (2009); and Two Centuries of Compensation for U.S. Production Workers in Manufacturing (2009). This book is the culmination of and a collection of distinguished scholar Lawrence Officers principal research over 50 years of scholarly activity. The collection consists primarily of three topics on which the author has spent the major part of his research: purchasing power parity, standard of living, and monetary standards. There is also a unique chapter on economics and economic history in science fiction. This volume is ideal for academics, graduate and undergraduate students, and practitioners. 001450108 588__ $$aOnline resource; title from PDF title page (SpringerLink, viewed October 18, 2022). 001450108 650_0 $$aEconomic history. 001450108 655_0 $$aElectronic books. 001450108 77608 $$iPrint version:$$aOfficer, Lawrence H..$$tEssays in economic history.$$dBasingstoke : Palgrave Macmillan, 2022$$z9783030959241$$w(OCoLC)1332951726 001450108 852__ $$bebk 001450108 85640 $$3Springer Nature$$uhttps://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-3-030-95925-8$$zOnline Access$$91397441.1 001450108 909CO $$ooai:library.usi.edu:1450108$$pGLOBAL_SET 001450108 980__ $$aBIB 001450108 980__ $$aEBOOK 001450108 982__ $$aEbook 001450108 983__ $$aOnline 001450108 994__ $$a92$$bISE