A Critical Review of Estimates of Net Income from Agriculture for 1880 and 1900: New Hampshire, a Case Study

Paul Glenn Munyon

The Journal of Economic History, 1977, vol. 37, issue 3, 634-654

Abstract: During the past twenty-five years American economic historians have made substantial progress in improving the quantitative measures of the nation's economic performance in the nineteenth century. Using New Hampshire as a case study, this paper attempts to build on this earlier research in the area of late-nineteenth-century American agriculture; the primary focus is on Richard Easterlin's estimates of state and regional income. The research reported here suggests that Easterlin's estimates need to be revised on the basis of state-level analysis and that in their present form his figures may lead to erroneous conclusions about the regional distribution of service income in late-nineteenth-century America.

Date: 1977
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