ABSTRACT
In the first edition of Migration and Economic Growth I described the concept of the Atlantic economy of the nineteenth century in these terms:
To investigate the process of growth…it is instructive to regard the Atlantic community of nations as one economy. The long-period rise in the total real income generated in this economy necessitated various changes in the countries of which it was composed. By looking at the international movements of labour, capital and commodities as if they were interregional, we shall gain a better insight into the nature and implications of economic growth; it will also have the advantage of making us see the course of Empire settlement in its proper perspective. In the long run changes may be expected in the balance of power between the old and the new countries.
