National Income, Expenditure and Output of the United Kingdom, 1855–1965 . By C. H. Feinstein. Cambridge, Cambridge University Press, 1972. Pp. ix + 244 and 141 pages of Tables. £10.00.
National Income, Expenditure and Output of the United Kingdom, 1855–1965 . By C. H. Feinstein. Cambridge, Cambridge University Press, 1972. Pp. ix + 244 and 141 pages of Tables. £10.00.
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英国国民收入、支出和产出,C. H. Feinstein,剑桥大学出版社,1972 年。第 ix 页 + 141 页表格。
DOI:
10.2307/3113291
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发表时间:
1973
影响因子:
1.2
通讯作者:
D. Aldcroft
中科院分区:
文献类型:
--
作者:
D. Aldcroft
One can only admire C. H. Feinstein's ability and energy. Over the last decade or so he has provided an enormous amount of historical statistical data for the British economy. The present volume provides a fitting culmination of many years of laborious work, and it will no doubt serve as a quarry for historians and economists for a long time to come. It ensures too that the name of Feinstein will secure a firm placing in the annals of statistical inquiry. No doubt Dr. Feinstein would be the first to admit that this is not an easy book to read, for obvious reasons. It comprises sixty-five master tables covering national income and its main sub-aggregates profits, capital formation, indices of production, population and labor force, prices, wages and balance of payments, as well as many summary tables in the text. In other words, it includes most of the main macroeconomic data necessary for a study of the U.K. economy since the mid-nineteenth century, which is promised in due course. The first part of the volume is devoted to a detailed explanation of the sources and methods used in compiling the estimates. Despite its length (over 200 pages), a number of doubts and queries remain, and since it would be impossible in a short review to go through the volume in detail, I shall confine my attention to raising one or two points which came to mind when reading the volume. Users of the data should be aware of the fact that some of the estimates are subject to considerable margins of error, though Dr. Feinstein frequently expresses a quiet degree of confidence in many of his calculations. Not surprisingly, the farther one goes back in time, and for those periods which include major wars, the less reliable are the estimates. Some of the sector estimates, for example those for the output of road haulage and certain services, are not based on very firm foundations. Moreover, it is essential that whatever section of the data the reader wishes to utilize he first reads carefully the relevant explanatory notes on compilation. Even then some doubts will remain. For instance, on page 209 it is stated that twenty-three indicators were used for compiling the output of transport and communication, forty-nine for the distributive trades, and twenty-nine for professional and miscellaneous services for the inter-war period, but we are given very little information as to exactly what is included. Some of the sector estimates do not give grounds for great confidence. A difficult one proved to be road haulage for the years 1920-1938, and here resort was had to a weighted index of goods vehicles in use. This is obviously not particularly satisfactory, given the fact that the licensing system of 1933 checked the growth