patnaik
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Patnaiks give a total estimate of funds extracted by Britain from India of £9 trillion
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But this was estimated by compounding at 5% interest
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The grey portion works back to the actual money transfers per year that they must be assuming. It is unclear whether present or historic values of the £ are assumed by them.
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yearamountintervalCompounding
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2018£9,000,000,000,000.0001
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1958£481,819,713,718.45600.05353552375
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1938£181,592,782,741.36800.02017697586
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9
integral of 1.05 for 100 years is 2673
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The annual amount for the 100 years previously would be
£67,935,945.66
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The annual amount for 173 years previously would be
£1,911,502.98
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frpom 1765 to 1938 is173years
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We see that the annual amount seems quite modest. Let us add it up over the period without interest.
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Total without interest£330,690,014.89million acresbushel per acremillion bushelskilos million
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We can now calculate how much of their estimate is due to charging interest£8,999,669,309,985.11
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That is essentially100.00%
of their estimate is accumulated interest
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Since the interest they impute is not included in the original surplus extracted from India, it amounts to a claim on surplus value extracted in Britain
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The next section compares Indian food exports with UK production 70 years earlier, I could not find data for the UK in the 20s
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food grain exports from india million tonsimports from burmabritain 1850
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million acresbushel per acremillion bushelskilos million
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19200.381.07wheat3.628100.82721.6
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1921-0.341.02rye0.1282.870
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19220.530.71oats1.53552.5787.5
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19230.40.55barley240801680
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19242.280.64236.15259.1
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19250.671.035.26million tons
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19260.570.73
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19270.191.12
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1928-0.081.27
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19290.091.1
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average0.4690.924
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Average net import0.455
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Conclusion, India was a net importer not a net exporter of grainEven if we ignore its imports and only take exports, these amounted to only 8% of UK grain production 70 years earlier
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It thus seems unlikely that Indian grain exports were significant as a calorie source for the working population of the UK
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source to look up
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Statistical abstract relating to British India
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. London: Her Majesty's Stationary Office
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1867-1922.
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The following section critiques the claim that most oil comes from under developed regions
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OIL DATA
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2016
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Fri Dec 14 2018 17:56:00 GMT+0000 (GMT Standard Time)
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data fromSource: U.S. Energy Information Administration
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https://www.eia.gov/beta/international/data/browser
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refutes point on page 10
Eurasia( Former USSR)
29.16
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Europe9.05
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North America34.84
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World130.9555.78%
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Petroleum and Other Liquids
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Eurasia( Former USSR)
29.97
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Europe7.22
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North America37.43
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World188.4539.59%
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The section after this supports the examples I give for ricardian trade theory
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Ricardian exampleFishWine
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Portugal9080
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Iceland100
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Assumed trade rate of fish to wine Iceland21
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Initial allocation of labour
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Portugal90000100000
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Iceland50000
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Initial consumption and production
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Portugal10001250
normalise with respect to initial conditions
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Iceland500vec length
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Total150012501952.5624190.76822127960.6401843997
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70
After trade of 10 ships of wine to Iceland 0.76838741410.6403228451
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production
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Portugal9901261.25
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Iceland5000vec len
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total14901261.251952.1402520.76309980440.6459460593
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labour0.58622950820.41352459020.9997540984
norm inner product with respect to initial cond
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Portugal89100100900
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Iceland500000.76326483130.6460857507
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consumption0.586483090.4137034661.000186556
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Portugal10101251.25
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Iceland48010
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The next sections support my claims about growth of agricultural productivity in tropical areas
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agricultural productivityyearvalue in national currency 2010 value of currencyworkforcevalue added per person year in national currency const 2010 values
productivity gain
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Indonesia2008892,886,201,338,12539,556,00022572712.140.91
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1993605,779,889,869,5502448500024740857.25
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malaysia200880,898,186,8401,366,00059222.684361.55
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199359,555,409,054155860038210.83604
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Brazil2007147,204,128,712162072209082.6266762.00
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199382,779,953,687182540004534.893924
89
90
Annual deforestation rates
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Africa0.43%
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Latin America0.38%
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South East Asia0.91%
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95
96
97
98
99
100