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The legacy of Earl J. Hamilton. New data for the study of prices in Spain, 1650–1800

Author

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  • Ernesto López Losa

    (Universidad del País Vasco/Euskal Herriko Unibertsitatea, Departamento de Historia e Instituciones Económicas, Bilbao, Spain)

Abstract

This paper presents a new dataset on regional prices in Early Modern Spain. Earl J. Hamilton published in the American Treasure and The Price Revolution in Spain, 1500–1650 prices for the four regions in which he divided Spain – Valencia, Andalusia, Old Castile-León and New Castile- but this was not the case in War and Prices in Spain, 1651–1800. Here he printed only prices for the last region. Nevertheless, he presented indices of prices and salaries throughout the book for the three remaining regions for which the raw data is preserved in the archive of his personal papers at Duke University. Having access to the cards and worksheets where prices from primary sources were computed allows us, firstly, to recover the prices for Old Castile-León, Andalusia and Valencia and to discover how the series for each region and period were built; secondly, to test their validity for purposes other than those he sought. Finally, the prices of some selected goods for the period 1651–1800 are reconstructed, analysed and published. KEY Classification-JEL: E31, N93, O52, Y10.

Suggested Citation

  • Ernesto López Losa, 2013. "The legacy of Earl J. Hamilton. New data for the study of prices in Spain, 1650–1800," Investigaciones de Historia Económica - Economic History Research (IHE-EHR), Journal of the Spanish Economic History Association, Asociación Española de Historia Económica, vol. 9(02), pages 75-87.
    • Handle: RePEc:ahe:invest:v:09:y:2013:i:02:p:75-87
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    Citations

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    Cited by:

    1. Ernesto López Losa & Santiago Piquero Zarauz, 2016. "Spanish real wages in the Northern-Western European mirror, 1500-1800. On the timings and magnitude of the Little Divergence in Europe," Documentos de Trabajo (DT-AEHE) 1607, Asociación Española de Historia Económica.
    2. Mario García-Zúñiga & Ernesto López-Losa, 2019. "Building Workers in Madrid (1737-1805). New Wage Series and Working Lives," Working Papers 0152, European Historical Economics Society (EHES).
    3. Mario García‐Zúñiga & Ernesto LóPEZ LOSA, 2021. "Skills and human capital in eighteenth‐century Spain: wages and working lives in the construction of the Royal Palace of Madrid (1737–1805)†," Economic History Review, Economic History Society, vol. 74(3), pages 691-720, August.
    4. J. I. Andrés Ucendo & R. Lanza García, 2014. "Prices and real wages in seventeenth-century Madrid," Economic History Review, Economic History Society, vol. 67(3), pages 607-626, August.

    More about this item

    Keywords

    Price history. Early Modern Spain.;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • N93 - Economic History - - Regional and Urban History - - - Europe: Pre-1913
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • Y10 - Miscellaneous Categories - - Data: Tables and Charts - - - Data: Tables and Charts

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