Soviet planners developed the “unchanged prices of 1926/27” to facilitate the solution of an agency problem—the regulation of self-interested producers as they worked to fulfill plans for heterogeneous products denominated in rubles. The system limited but did not eliminate producers' opportunistic behavior, which took the form of inflating the plan prices of new products. Through the 1930s and 1940s the “unchanged” prices proved resistant to reform, and following their abolition in 1950 the system was soon afterwards reinstated with a new base year. The history of the “unchanged” prices illustrates the limits of command.

This article uses the history of the Whiskey Trust to explore the competitive effects of vertical restraints such as exclusive dealing. The Whiskey Trust distilled alcoholic spirits and bribed distributors not to carry competing brands of spirits. For the Whiskey Trust, exclusive dealing was an ineffective predatory strategy. Despite the trust's market dominance and manifold predatory strategies, it failed to preempt entry. The trust failed, in part, because its rivals could vertically integrate at low cost. Competition disciplined the trust more effectively than did numerous antitrust suits.

This article investigates sex-specific mortality rates in eighteenth- and nineteenthcentury rural Germany to determine whether there was any gender bias in the allocation of household resources. Family reconstitution data from 60 villages provide evidence of considerable excess female mortality among married adults. The empirical findings are consistent with a bargaining approach to understanding intrahousehold resource allocation and suggest that women's survival disadvantage is related to their positions in the remarriage market, the perceived value of their work, as well as differences in altruism. Agricultural change appears to be one factor responsible for the emergence of this disadvantage.

The bullion famine, manifested in chronic balance-of-payments deficits with the East, is widely cited as the cause of the great depression of the Renaissance. Adapting the monetary approach to the balance-of-payments model to the medieval commodity money setting this article shows that western Europe could not suffer a balance-of-payments deficits and bullion shortage simultaneously. New data show that it is unlikely that France suffered a shortage of silver from 1360 to 1415. Minting volumes diverged between regions according to economic fortunes. Excess silver stocks were likely hoarded rather than exported.

New estimates of the growth in total and per capita consumption are developed for the Soviet Union during the first three Five-Year Plans. These estimates show that consumption per head rose 27 percent from 1928 to 1937. The gains were confined to the urban population and to those moving from the countly to the city. In the standard interpretation, per capita consumption fell in the 1930s. The reasons for the difference in interpretation are examined in detail. The estimates presented here are based on new information and on alternative approaches to valuation and index number problems.

From the sixteenth century to the end of the eighteenth century, the papermakers of Ambert (Auvergne, France) remained the leading producers of quality printing paper in Europe. During the second half of the eighteenth century, they expanded greatly their production in response to a dynamic market. This success was achieved not through the adoption of new methods or the expansion of enterprises but through subcontracting practices. This article explores the conditions that fostered such strategies. It confirms the multiplicity of options available to early modern manufacturers but suggests that the socioeconomic characteristics of each community of producers conditioned their choices.

This article uses evidence from the manuscripts of the 1860 federal census to analyze the wealth of adult males in Boston, New York, Chicago, and Indianapolis. Previous multivariate analyses of wealth from the census have been flawed by reliance on ordinary least squares; we instead use quantile regression. Immigrants fared considerably better in the Midwest than the East: immigrants in the midwestern cities held more wealth than their eastern counterparts, both absolutely and relative to the native-born in their respective cities. We explore the causes of these differences and their consequences for nineteenth-century Americans and their communities.

Differential treatment of men and women in nineteenth- and early-twentieth-century labor markets casts doubt on the common practice of adding male and female labor to create a single “labor” variable in the production function. This article shows that men and women must be disaggregated in the production function, and investigates the effects of inappropriate aggregation on the debate over the Habakkuk-Rothbarth labor scarcity hypothesis. With disaggregation, a female-using bias and an overall labor-using bias is found for the period 1850 through 1919. Technical change was male-neutral through 1900 and male-using thereafter.

Focusing on a religious commune known as the Shakers and utilizing the information recorded in the enumeration schedules of the U.S. manufacturing and agriculture censuses, this article estimates the productivities of Shaker enterprises and compares them with those of other producers randomly selected from the same data source. The results provide support to the contention that communes need not always suffer from reduced productivity. Shaker farms and shops generally performed just as productively as their neighbors; when differences did exist between their productivities, there are good reasons to attribute them to factors other than the organizational form.

Using data from a sample of over 2,000 individual strikes in the United States from 1881 to 1894 this article examines geographic, industrial, and temporal variations in the use of strikebreakers and the sources from which they were recruited. The use of strikebrekers was not correlated with business cycle and did not vary appreciably by region or city size, but employers located outside the Northeast or in smaller cities were more likely to use replacement workers recruited from other places. The use of strikebreakers also varied considerably across industries, and was affected by union authorization and strike size.

This article examines the impact of what is undoubtedly the most important monetary regime change in U.S. history: the founding of the Federal Reserve System. We find, using a (G)ARCH model, a significant reduction in interest rate uncertainty following the founding of the Fed. Additionally, we show that the passage of the Aldrich-Vreeland Act in 1908, another significant change in policy, also led to a reduction in interest rate uncertainty. These results are robust to alternative interest rate models, as well as to incorporating the impact of other events important to financial markets in our sample.