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- Title
On a Thesis by Matthews.
- Authors
Von Tunzelmann, G. N.
- Abstract
The article focuses on the model of British international trade and payments advanced by R.C.O. Matthews for the years 1833 to 1842. This model has now gained wide acceptance. Matthews argues that British exports to markets other than those of the more highly developed countries of northern Europe and the U.S. were regulated by the intake of imports from these same markets acting as sources of supply. The thesis has been used to explain the attitudes adopted by the industrialists of the Manchester School on the Corn Law question in the early 1840's. Furthermore, the model has been generalized for the first half of the nineteenth century and even, though with a few qualifications, for the eighteenth century. This note intends to elaborate on the statistical material used by Matthews in support of his thesis. For values of imports, Matthews made use of an early work by A. H. Imlah. Imlah's calculations were tentative, and in particular subject to the proviso that import values were likely to be biased upwards in years of rapid rises in import prices.
- Subjects
UNITED Kingdom; INTERNATIONAL trade; MATTHEWS, R. C. O.; BALANCE of payments; EXPORTS; IMLAH, A. H.
- Publication
Economic History Review, 1967, Vol 20, Issue 3, p548
- ISSN
0013-0117
- Publication type
Article
- DOI
10.2307/2593072