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We present a continuous time series on first cabin passenger fares for ocean travel from New York to the British Isles covering nearly a century of time. We discuss the conceptual and empirical difficulties of constructing such a time series, and examine the reasons for differences between the...
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1. An overview of the history of economic ideas -- 2. The ethical foundations of economics -- 3. Property rights from Plato to the 21st century -- 4. The emergence of modern price theory -- 5. Money, lending and interest -- 6. Public finance in historical perspective -- 7. Depressing thoughts -...
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Tourism today is an activity of substantial economic importance worldwide, and has been for some time. Tourism is also of substantial economic importance in the United States, sufficient to warrant the Bureau of Economic Analysis's establishing special accounts on travel and tourism. In this...
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There were substantial fluctuations in the numbers of American overseas travelers, especially before World War II. These fluctuations in travel around the robust, long term upward trend are the focus of this paper. We first identify those fluctuations in the raw data and then try to explain the...
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