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Scrip as private money, monetary monopoly, and the rent‐seeking state in Britain

2010· article· en· W1494180359 on OpenAlexaboutno aff
Elaine S. Tan

Bibliographic record

VenueThe Economic History Review · 2010
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicHistorical Economic and Social Studies
Canadian institutionsnot available
Fundersnot available
KeywordsSeigniorageCurrencyAccounts payableEconomicsMonopolyState (computer science)Economic rentQuarter (Canadian coin)Monetary economicsLabour economicsBusinessMarket economyPaymentFinance

Abstract

fetched live from OpenAlex

Scrip—promissory notes payable in goods at company stores—was issued by employers to pay workers, and was an important component of British money during the industrial revolution. As late as the third quarter of the nineteenth century, scrip issued by coal firms, which represented the foregone demand for official currency, was at least 9 to 24 per cent of the value of English country or Scottish banknote issues. In some areas, scrip was 38 per cent of the total wages paid. The state's suppression of this private currency to defend its seigniorage rents was in part the motivation behind the prohibition of the truck system in 1831.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.002
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.037
Threshold uncertainty score0.073

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.002
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.003
Science and technology studies0.0010.007
Scholarly communication0.0040.002
Open science0.0000.001
Research integrity0.0010.001
Insufficient payload (model declined to judge)0.0030.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.029
GPT teacher head0.214
Teacher spread0.185 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations8
Published2010
Admission routes1
Has abstractyes

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