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Inflation in Russia During the Crimean War Period

Published online by Cambridge University Press:  25 March 2019

Walter McK. Pintner
Walter McK. Pintner*
Affiliation:
Harvard University
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Extract

Although comprehensive economic data on the Russian economy during the period of the Crimean War are not available, there are some surprisingly complete series of data on prices in both internal and foreign trade. The implications that can be drawn from a study of changes in the price level cover a wide area, especially when they are studied in the light of earlier work on the monetary and fiscal problems of the period.

Type
Research Article
Information
American Slavic and East European Review , Volume 18 , Issue 1 , February 1959 , pp. 81 - 87
Copyright
Copyright © Association for Slavic, East European, and Eurasian Studies 1959

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References

1 Kashkarov, M., Denezhnoe obrashchenie v Rossii (St. Petersburg, 1895)Google Scholar; Kaufman, I. I., Serebrjanyi rubV v Rossii (St. Petersburg, 1910)Google Scholar; Pecherin, Ja. I., Istoricheskij obzor rospisej gosudarstvennykh dokhodov i raskhodov s 1844 po 1864 vkljuchitelno (St. Petersburg, 1898 Google Scholar; Sudeikin, V., Gosudarstvennyi bank (St. Petersburg, 1891)Google Scholar; Wagner, Adolf, Die Russische PapierwShrung (Riga, 1868)Google Scholar; Parker Willis, H., “Monetary Reform in Russia,” Journal of Political Economy, (Chicago), Vol. V, 1897 Google Scholar.

2 The data for both series are found in the Zhurnal Ministerstva Vnutrennykh Del (Ministerstvo Vnutrennykh Del, St. Petersburg, 1849-58). The grain data is in monthly tables entitled “Ceny na glavnye zhiznennye potrebnosti v imperii.” The Nizhni-Novgorod market data are in annual review articles appearing after the close of each year's market. Unfortunately the grain data provides a continuous series only through 1856. Valuable background information on the Nizhni-Novgorod market can be found in articles by P. A. Ostroukhov in Zapiski Russkago nauchnago instituta v Belgrade, Number 3, 1931, in £eitschrift für Osteuropaisches Geschichte, Vol. VIII, Number 3, 1934, and in Zapiski Russkago nauchnoiyltdovatel'skago obedinenija v Prage, Vol. XI, Numbers 83 and 87, 1942.

3 The aggregate indices presented are strict Paasche indices weighted in accordance with the volume of each commodity sold each year. Changes in the commodity composition of trade were not sufficient to produce significant changes when the index was calculated with constant base weights.