| 1. |
- Edvinsson, Rodney, 1971-, et al.
(författare)
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A Consumer Price Index for Sweden, 1290–2008
- 2011
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Ingår i: The Review of Income and Wealth. - : Wiley. - 0034-6586 .- 1475-4991. ; 57:2, s. 270-292
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Tidskriftsartikel (refereegranskat)abstract
- This paper presents a Consumer Price Index for Sweden 1290–2008. Constructing an index that covers more than seven centuries poses conceptual and empirical problems, and demands some methodological innovations. For example, during numerous occasions the currency unit was changed, and in some periods multiple currencies were used at floating exchange rates relative to each other. This paper also presents two different price indices, one that mainly serves the purposes of estimating real prices and real wages, and another that provides a measure of inflation. While the former follows the main currency unit, the latter also takes into account that debased coins were devalued during recoinage.
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| 2. |
- Edvinsson, Rodney, 1971-
(författare)
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A Tendency for the Rate of Profit to Fall? : From Primitive to Flexible Accumulation in Sweden 1800-2005
- 2010
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Ingår i: The Review of Radical Political Economics. - : SAGE Publications. - 0486-6134 .- 1552-8502. ; 42:4, s. 465-484
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Tidskriftsartikel (refereegranskat)abstract
- Using Swedish historical national accounts, this paper shows that, up to the 1970s, there has been a secular rise in the national capital/output ratio and a secular fall in the rate of exploitation, which tended to depress the profit rate. In Sweden, the nominal capital/output ratio increased fastest during the transition from primitive to accelerated accumulation in the 19th century. Since the 1970s, these secular trends have been reversed, which is connected to flexible accumulation that slims down the inventory stock to a minimum and destroys old consensus between capital and labor.
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| 3. |
- Edvinsson, Rodney, 1971-
(författare)
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Den svenska strukturcykelmodellen
- 2010
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Ingår i: Historisk Tidskrift. - 0345-469X .- 2002-4827. ; 130:4, s. 665-687
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Tidskriftsartikel (refereegranskat)
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| 4. |
- Edvinsson, Rodney, 1971-
(författare)
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Foreign exchange rates in Sweden 1658-1803
- 2010
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Ingår i: Exchange rates, prices, and wages, 1277-2008. - Stockholm : Ekerlids förlag. - 9789170921247 ; , s. 291-339
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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| 5. |
- Edvinsson, Rodney, 1971-
(författare)
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Inflation before paper money : debasement cycles in Sweden-Finland 1350-1594
- 2011
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Ingår i: Scandinavian Economic History Review. - : Informa UK Limited. - 0358-5522 .- 1750-2837. ; 59:2, s. 166-183
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Tidskriftsartikel (refereegranskat)abstract
- Although high inflation is associated with the spread of paper monies, rapid price increases are well known under the metallic standard from several countries, caused by the debasement of coins. The exact mechanism is still a puzzle. If agents were rational, why did they accept inferior coins at par with better ones? This paper compares five debasement cycles that occurred in Sweden-Finland 1350-1594. During the initial phase of such cycles coins tended to circulate by-tale, while by-weight circulation was most common towards the end of the cycles. A premium on the heavier coins implied that they were not driven out of circulation. The seignorage rate was significant during the initial phases of the cycles, while it decreased when prices and exchange rates adjusted in response to the debasement, prompting a recoinage, when the monetary unit was strengthened. It is this shift from by-tale to by-weight circulation that explains the high inflation rates that could occur before the rise of paper money.
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| 6. |
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| 7. |
- Edvinsson, Rodney, 1971-
(författare)
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Major recessions in Sweden 1850–2000 : From pre-capitalist to modern types of crises
- 2010
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Ingår i: Scandinavian Journal of History. - : Taylor & Francis. - 0346-8755 .- 1502-7716. ; 35:4, s. 403-426
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Tidskriftsartikel (refereegranskat)abstract
- This article uses historical national accounts to compare major recessions in Sweden from 1850 to 2000. A major recession is defined as an event when the Gross Domestic Product (GDP) in one year is below the level two years earlier. The sharpest declines in GDP coincided with the World Wars, crop failures and contractionary economic policies. One important distinction to be made is between pre-capitalist and modern types of crises. While the former were crises of underproduction, brought about by declines in agriculture and consumption, the latter were overproduction crises usually generated by declines in investment and industrial production. The article shows that in Sweden the transition from the one type to the other was a prolonged process.
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| 8. |
- Edvinsson, Rodney, 1971-, et al.
(författare)
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Prices and the growth of the knowledge economy in Sweden and Western Europe before the industrial revolution
- 2011
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Ingår i: Scandinavian Economic History Review. - : Informa UK Limited. - 0358-5522 .- 1750-2837. ; 59:3, s. 250-272
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Tidskriftsartikel (refereegranskat)abstract
- This article uses long-term series of real prices for various goods and services to analyse the evolution of the knowledge economy before the Industrial Revolution by focusing on Sweden in comparison with other European countries. During the early modern period, the relative price of knowledge-intensive goods and services, such as iron, paper, salt, sea transports and silver, decreased relative to a Consumer Price Index. The increased productivity levels of these goods and services were caused by increased division of labour and accelerated diffusion of knowledge. However, the real price of foodstuff tended to increase, implying that living standards declined with increased population. Early modern Western Europe acquired a peculiar price structure, characterized by low prices of industrial goods relative to the price of food. Only with the advent of industrial society could the knowledge economy escape the Malthusian entrapment.
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| 9. |
- Edvinsson, Rodney, 1971-
(författare)
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Shadow interest rates in Stockholm and the integration of early financial markets, 1660-1685 : was Heckscher right?
- 2011
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Ingår i: Financial History Review. - : Cambridge university press. - 0968-5650 .- 1474-0052. ; 18:3, s. 309-329
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Tidskriftsartikel (refereegranskat)abstract
- The decline of interest rates during the early modern period is considered an important factor in the subsequent rise of capitalist society. This article uses unique empirical material based on bills of exchange in Stockholm between 1660 and 1685 to estimate underlying ‘shadow interest rates’. It shows that annual rates ‘according’ to Stockholm were very high, mostly above 10 per cent, an indication of underdeveloped financial integration between Stockholm and the main European centres. There are also indications of a decline in these rates during the period studied, reflecting improved efficiency in Swedish financial markets.
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| 10. |
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