Automobile prices and the value of shopping

Consumers shopping for a new car in the U.S.A. or Canada are faced with having to negotiate a ‘good deal’ from the listed ‘sticker’ price. This study investigates the price variations among new car dealerships in 10 major cities. A standardized shopping procedure was used to collect price information based on selected models and options for comparable Chevrolet and Ford automobiles. The findings indicate that consumers clearly benefit from shopping at more than one dealership for a new car.     

Why the industrial revolution was British: commerce,induced invention,and the scientific revolution1

Britain had a unique wage and price structure in the eighteenth century, and that structure is a key to explaining the inventions of the industrial revolution. British wages were very high by international standards, and energy was very cheap. This configuration led British firms to invent technologies that substituted capital and energy for labour. High wages also increased the supply of technology by enabling British people to acquire education and training. Britain's wage and price structure was the result of the country's success in international trade, and that owed much to mercantilism and imperialism. When technology was first invented, it was only profitable to use it in Britain, but eventually it was improved enough that it became cost‐effective abroad. When the ‘tipping point’ occurred, foreign countries adopted the technology in its most advanced form.     

Taxation,warfare, and the early fourteenth century ‘crisis’ in the north: Cumberland lay subsidies, 1332–13481

Recent research into the impact of Anglo‐Scottish conflict on northern England's economy has become increasingly sophisticated, using local estate accounts to enhance understanding of the role of war in the 'crisis' of the early fourteenth century. Yet taxation data also remains an important source on these issues, not least because of its wide geographical coverage. Using a rich series of lay subsidy documents for Cumberland, this article concludes that the direct impact of Scottish raids was only one of several determinants of economic fortunes. More significantly, reconstructing the process of taxation shows that non‐violent resistance to state levies was as responsible as war damage for a decline in revenue from the county.     

Britain's Missing £80 Billions How Japan Prospers

The proposals of John Biffen, the Secretary of State for Trade, for import restrictions on Japanese goods are fundamentally misguided. The Government woluld do better to deregulate industry and so allow British management to emulate Japan's rate of economic growth.     

Computer-aided pattern making

This paper outlines a fundamental research project to develop a quick and accurate method of constructing personalized patterns. This arose because the home economist must be concerned with the needs of the individual in relation to clothing as well as food and shelter. The paper explains the development of such a method, using the computer within Home Economics courses and the unexpected benefits from the research.