Issue 3 (January 2021):

Reform in the Long-Nineteenth Century

'Measuring the General Level of Prices in the UK in the long-Nineteenth Century: from Individual Innovation to State Production'.
Authors:
Paul A. Smith and Jeff Ralph - University of Southampton
Keywords:
Wholesale Price Index; Inflation; Household Expenditure; Board of Trade; Commodity Prices, Consumer Prices
Abstract:
We examine the trajectory of price measurement in the UK in the nineteenth century. The initial steps were taken by interested individuals, and were largely concerned with documenting changes in the value of money driven by increases in the availability of gold and silver. We focus on (a) the conceptual approaches to price measurement, particularly the move from producer (wholesale) prices towards consumer prices; (b) the practical problems of obtaining the information needed and calculating an index; and (c) the social and political pressures which eventually led to the introduction of an official index.
Author Biographies:

Paul A Smith is Professor of Official Statistics at the University of Southampton, and is interested in the theory and practice of sample surveys and other approaches to measuring the characteristics of human and business populations. He previously worked for the Office for National Statistics, gaining extensive experience of a range of official statistics, including price statistics, the population census and business surveys.

Jeff Ralph is a visiting academic at the University of Southampton, UK. He worked for the Office for National Statistics for 14 years, retiring in 2018. Most of that time was spent working on price statistics - this included research and teaching. Jeff is joint author of three books on index numbers and inflation measurement. He holds degrees in Mathematics and Physics from the Universities of Warwick and Reading.

Email: p.a.smith@soton.ac.uk and j.ralph@soton.ac.uk

Click here to download the article

ABOUT US

Romance, Revolution and Reform is an interdisciplinary PGR-led  journal specialising in the long-nineteenth century and run in association with the Southampton Centre for Nineteenth-Century Research.

The Journal is committed to helping new researchers publish their work in addition to acting as a forum for the discussion of new ideas in the field of nineteenth-century Studies.

ISSN 2517-7850

CONTACT

Editor in Chief: Emma Hills

Deputy Editor: Gemma Holgate

University of Southampton, UK

SO17 1BJ

Email: RRR@soton.ac.uk

SUBSCRIBE FOR EMAILS
  • Twitter Social Icon

To sign up for updates on the latest RRR news, email RRR@soton.ac.uk

RRR is compliant with GDPR 2018 and DPA 2018. We will never share your information with a third party.

             Twitter: @rrrjournal

All work published under CC-BY-NC 4.0 rules. Our authors retain all copyright to their intellectual property. For rules on re-publication of work in RRR, see our policies