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  • Cited by 6
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    This article has been cited by the following publications. This list is generated based on data provided by CrossRef.

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    Lemire, Beverly 2015. “Men of the World”: British Mariners, Consumer Practice, and Material Culture in an Era of Global Trade, c. 1660–1800. Journal of British Studies, Vol. 54, Issue. 02, p. 288.

    Ojala, J. Pehkonen, J. and Eloranta, J. 2013. Desertions in nineteenth-century shipping: modelling quit behaviour. European Review of Economic History, Vol. 17, Issue. 1, p. 122.

    Solar, Peter M. 2013. Opening to the East: Shipping Between Europe and Asia, 1770–1830. The Journal of Economic History, Vol. 73, Issue. 03, p. 625.

    Hale, Matthew Raymond, Graham and Wright, Catherine 2012. List of publications on the economic and social history of Great Britain and Ireland published in 2011. The Economic History Review, Vol. 65, Issue. 4, p. 1524.


Overseas Trade and the Decline of Privateering

  • Henning Hillmann (a1) and Christina Gathmann (a2)
  • DOI:
  • Published online: 13 September 2011

Using a novel data set on 2,483 British privateering cruises, we show that state-licensed raiding of commercial vessels was a popular and flourishing business among merchants that took a serious toll on enemy trade from 1689 to 1815. Why, then, did privateering merchants gradually turn away from these profitable endeavors? We show that the expansion of overseas trade increased the opportunity costs for merchants and resulted in the decline of privateering. Our findings document that the decline of privateering had as much to do with an expanding maritime economy as with the rising naval power of the British state.

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The Journal of Economic History
  • ISSN: 0022-0507
  • EISSN: 1471-6372
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