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The Historical Record of International Capital Movements to 1913

In: Capital Movements and Economic Development

Author

Listed:
  • Brinley Thomas

    (University of Wales)

Abstract

It is now half a century since the appearance of C. K. Hobson’s pioneering study, The Export of Capital.1 Published in the year when the First World War broke out, the book did not attract the attention it deserved until well into the inter-war period. Hobson’s was the first systematic attempt to produce annual estimates of British capital exports for the period 1870–1912. The fact that later research has thrown doubt on some of his figures does not detract from the magnitude of what he achieved. It is convenient to take this work as our starting-point in considering the quality of the sources and the extent to which the main problems of measurement have been overcome.

Suggested Citation

  • Brinley Thomas, 1967. "The Historical Record of International Capital Movements to 1913," International Economic Association Series, in: John H. Adler (ed.), Capital Movements and Economic Development, chapter 0, pages 3-32, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-15238-4_1
    DOI: 10.1007/978-1-349-15238-4_1
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    Cited by:

    1. DONALD N. McCLOSKEY, 1970. "Did Victorian Britain Fail?," Economic History Review, Economic History Society, vol. 23(3), pages 446-459, December.

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