More souls to feed: the population impact on prices in late colonial Alto Peru and Buenos Aires

The aim of this paper is to trace and analyze the price behavior during the eighteenth century in two regions of the Spanish Empire: Alto Peru and Buenos Aires. These two zones had a divergent economic performance; while one of them showed an economic take-off the other became stagnant. The objec...

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Main Authors: Agustina Vence Conti, Eduardo Martin Cuesta
Format: Article
Language:Spanish
Published: Universidad Industrial de Santander 2019-06-01
Series:Cambios y Permanencias
Subjects:
Online Access:https://revistas.uis.edu.co/index.php/revistacyp/article/view/9713/9806
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author Agustina Vence Conti
Eduardo Martin Cuesta
author_facet Agustina Vence Conti
Eduardo Martin Cuesta
author_sort Agustina Vence Conti
collection DOAJ
description The aim of this paper is to trace and analyze the price behavior during the eighteenth century in two regions of the Spanish Empire: Alto Peru and Buenos Aires. These two zones had a divergent economic performance; while one of them showed an economic take-off the other became stagnant. The objective is to compare both regions in order to show how price fluctuations were in fact the result of relative changes in the factor endowments. In this particular case two mass consumption products are considered: meat and wheat. Based on primary sources, the paper will show us that population and commercial growth translated into a relative increase in the price of wheat with respect to that of meat. In The Wealth of Nations, Adam Smith considered the impact of changes of factor endowments on prices. It is necessary to analyze thoroughly the available sources, as well as the price historiography up to the moment, to prove, quantitatively and qualitatively, the moment and conditions of such changes and the differences which took place in Alto Peru and Buenos Aires.
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spelling doaj.art-51ea5c6aaa7641d0985eb6a812bd1cb02022-12-22T01:27:26ZspaUniversidad Industrial de SantanderCambios y Permanencias2027-55282019-06-01101403434More souls to feed: the population impact on prices in late colonial Alto Peru and Buenos AiresAgustina Vence Conti0Eduardo Martin Cuesta1Centro de Estudios Económicos de la Empresa y el Desarrollo - Universidad de Buenos AiresCONICET-Universidad de Buenos Aires. Instituto Interdisciplinario de Economía Política de Buenos AiresThe aim of this paper is to trace and analyze the price behavior during the eighteenth century in two regions of the Spanish Empire: Alto Peru and Buenos Aires. These two zones had a divergent economic performance; while one of them showed an economic take-off the other became stagnant. The objective is to compare both regions in order to show how price fluctuations were in fact the result of relative changes in the factor endowments. In this particular case two mass consumption products are considered: meat and wheat. Based on primary sources, the paper will show us that population and commercial growth translated into a relative increase in the price of wheat with respect to that of meat. In The Wealth of Nations, Adam Smith considered the impact of changes of factor endowments on prices. It is necessary to analyze thoroughly the available sources, as well as the price historiography up to the moment, to prove, quantitatively and qualitatively, the moment and conditions of such changes and the differences which took place in Alto Peru and Buenos Aires.https://revistas.uis.edu.co/index.php/revistacyp/article/view/9713/9806colonial latin americaeconomic historyprices18th century
spellingShingle Agustina Vence Conti
Eduardo Martin Cuesta
More souls to feed: the population impact on prices in late colonial Alto Peru and Buenos Aires
Cambios y Permanencias
colonial latin america
economic history
prices
18th century
title More souls to feed: the population impact on prices in late colonial Alto Peru and Buenos Aires
title_full More souls to feed: the population impact on prices in late colonial Alto Peru and Buenos Aires
title_fullStr More souls to feed: the population impact on prices in late colonial Alto Peru and Buenos Aires
title_full_unstemmed More souls to feed: the population impact on prices in late colonial Alto Peru and Buenos Aires
title_short More souls to feed: the population impact on prices in late colonial Alto Peru and Buenos Aires
title_sort more souls to feed the population impact on prices in late colonial alto peru and buenos aires
topic colonial latin america
economic history
prices
18th century
url https://revistas.uis.edu.co/index.php/revistacyp/article/view/9713/9806
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