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    Portrait of Wm. L. Bowles, author of Fourteen sonnets, 1786 [picture] /

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    In: Album of William Romaine Govett, 1828-1847.; Inscriptions: "Author of Fourteen sonnets, 1786"--Below drawing.; Also available online at: http://nla.gov.au/nla.pic-an4699386-s12-a1

    The Welfare Cost of Autarky: Evidence from the Jeffersonian Trade Embargo, 1807-1809

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    The United States came close to complete autarky in 1808 as a result of a self-imposed embargo on international shipping from December 1807 to March 1809. Monthly prices of exported and imported goods reveal the embargo's striking effect on commodity markets and allow a calculation of its welfare effects. A simple general equilibrium calculation suggests that the embargo cost about 8 percent of America's 1807 GNP, at a time when the trade share was about 13 percent (domestic exports and shipping earnings). The welfare cost was lower than the trade share because the embargo did not completely eliminate trade and because domestic producers successfully shifted production toward previously imported manufactured goods.

    Portrait of Anna Maria Hall, author of Buccaneer [picture] /

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    In: Album of William Romaine Govett, 1828-1847.; Also available online at: http://nla.gov.au/nla.pic-an4699386-s11-a2

    Portrait of G.R. Gleig, author of The subaltern [picture] /

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    In: Album of William Romaine Govett, 1828-1847.; Also available online at: http://nla.gov.au/nla.pic-an4699386-s8-a1

    Portrait of M. Faraday, author of Chemical manipulation [picture] /

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    In: Album of William Romaine Govett, 1828-1847.; Also available online at: http://nla.gov.au/nla.pic-an4699386-s14-a1

    Portrait of Geo. Cruikshank, author of Illustrations of time [picture] /

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    In: Album of William Romaine Govett, 1828-1847.; Also available online at: http://nla.gov.au/nla.pic-an4699386-s9-a2

    John Soane, author of Design of buildings [picture] /

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    Title from inscription.; In: Album of William Romaine Govett, 1828-1847.; Also available online at: http://nla.gov.au/nla.pic-an4699386-s16-a2

    Portrait of James Morier, author of Hajji Baba in England [picture] /

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    In: Album of William Romaine Govett, 1828-1847.; Also available online at: http://nla.gov.au/nla.pic-an4699386-s6-a2

    Portrait of M. Maurice de Talleyrand, author of Palmerston, une comedie de deux ans [picture] /

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    Title from inscription.; In: Album of William Romaine Govett, 1828-1847.; Also available online at: http://nla.gov.au/nla.pic-an4699386-s16-a1

    Portrait of Tho. Hill, author of The mirror of fashion [picture] /

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    In: Album of William Romaine Govett, 1828-1847.; Also available online at: http://nla.gov.au/nla.pic-an4699386-s12-a2
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