International trade

Bibliographic data

Monograph

Identifikator:: 1758394757

URN:: urn:nbn:de:zbw-retromon-136209

Document type:: Monograph

Author:: Taussig, Frank William http://d-nb.info/gnd/120199459

Title:: International trade

Place of publication:: New York, NY

Publisher:: Macmillan

Year of publication:: 1927

Scope:: XXI, 425 Seiten; graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part II. Problems of verification

Collection:: Economics Books

170 INTERNATIONAL TRADE A difference equally striking appeared in the case of tin-plate. The weight of tin-plate produced was approximately the same in the two countries: 529,000 tons in Great Britain, 587,000 tons in the United States. The number of persons employed was, how- ever, vastly greater in Great Britain: 20,628 against only 5846 in the United States. In terms of physical output per person employed, the figures were 25.6 tons per head in Great Britain and 100.4 tons per head in the United States. As Mr. Flux remarks, “while the quality of goods was not necessarily equal, the diver- gence in the net output (in terms of money) appears to be related rather to the volume of output than to the price obtained per unit of quantity.” ! In sugar refining, the number of tons refined per year was 87 in Great Britain, somewhere between 150 and 180 tons in the United States. The figure for the United States was somewhat uncertain, because the statistics did not make it clear that all the American sugar consumed went thru the refineries; some fraction certainly did not; the maximum figure (180 tons) was computed on the supposition that the whole supply was refined. Even taking the lowest figure (150) the contrast with the British figure (87 tons) is marked. In flour milling the contrast, even tho less great, is also marked. The output in Great Britain was 153 million cwt., against 429 million in the United States; the number of persons employed was 36,177 against 66,054. This works out, in round numbers, 4250 cwt. per head in Great Britain, compared with 6500 per head in the United States. And here too the figures of horsepower in the industry point to human factors as most important among the causes of the difference. The horsepower per employee in the flour mills of Great Britain was 5, in the United States 13. The indication is that capital, plant, machinery, played a larger part in the latter country. In other industries, where direct statements of physical output were not available, it was none the less possible to make significant comparisons. This was the case where the output in money 1 The price obtained (average value) was £14 per ton in Great Britain, £11 per ton in the United States.

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