Titlebook: Essays in Economic History; Purchasing Power Par Lawrence H. Officer Book 2022 The Editor(s) (if applicable) and The Author(s), under exclu

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Compensation of Manufacturing Workersor 1800–2006. The new CPI series is used to convert compensation to a real-wage series. Comparison with the real-wage historical series of other authors is made, and there are divergent results. “Value of the consumer bundle” is utilized to develop alternative measures of the standard of living for

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978-3-030-95927-2The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl

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Elizabeth P. Cato,Erko Stackebrandtedecessor of Cassel, no contemporary, no later author implanted the PPP theory so broadly and firmly in the economics profession. This chapter presents a thorough discussion of Cassel’s role in the literature. Both his theory and his policy prescriptions are covered.

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Henning Sommermeyer,Jacek Piątekn their personal lives—the Salamancans being professors and theologians while Malynes was a businessman who would skirt the law and even violate it. An amendment to my critique of Michaely’s view of Cassel’s theory is offered, and later studies that apply purchasing power parity to economic history are discussed.

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