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A Study in Meteorological and Trade Cycle History: The Economic Crisis Following the Napoleonic Wars

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  • Post, John D.

Abstract

The factors regulating the production and distribution of material wealth cannot be reduced exclusively to market relationships. This being the case, the economic historian cannot limit his borrowings to economics alone. The present article uses meteorology both in its theoretical and historical dimensions to show the interaction between economic and meteorological fluctuations. The attempt of W. S. Jevons to find a theoretical connection between solar cycles and trade cycles is well known. Economic historians of preindustrial Europe have identified weather patterns as a primary independent variable determining prosperity or depression. The impact of meteorological fluctuation on economic activity has also been noticed for the nineteenth century, acknowledged by theorist and historian alike as one of the major variables inducing trade cycles. But in these accounts weather patterns are introduced as a run of good or bad luck, affecting essentially regional or national economies.

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  • Post, John D., 1974. "A Study in Meteorological and Trade Cycle History: The Economic Crisis Following the Napoleonic Wars," The Journal of Economic History, Cambridge University Press, vol. 34(2), pages 315-349, June.
  • Handle: RePEc:cup:jechis:v:34:y:1974:i:02:p:315-349_08
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    Cited by:

    1. Patrick Webb, 2002. "Emergency Relief during Europe's Famine of 1817 Anticipated Responses to Today's Humanitarian Disasters," Working Papers in Food Policy and Nutrition 14, Friedman School of Nutrition Science and Policy.
    2. Vallino.Elena, 2013. "Why droughts started to turn into famines in the Late Victorian periods? A complex system approach," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201317, University of Turin.
    3. Coppola, Michela, 2013. "The biological standard of living and mortality in Central Italy at the beginning of the 19th century," Economics & Human Biology, Elsevier, vol. 11(4), pages 453-464.
    4. Patrick Webb, 2008. "More Food, But Not Yet Enough: 20th Century Successes in Agriculture Growth and 21st Century Challenges," Working Papers in Food Policy and Nutrition 38, Friedman School of Nutrition Science and Policy.

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