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The ‘Golden Mountain’: An Economic Analysis Of Holland’s Early Modern Herring Fisheries

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Chapter Summary

At the beginning of the sixteenth century, the fisheries were a very important part of Holland's economy: 8.9 percent of GDP was generated in this sector. This chapter constructs a series of annual value added and profit figures for one of the most important parts of Holland's fisheries: the herring fisheries of the seventeenth and eighteenth centuries. It develops a flexible model that allows us to incorporate all the relevant variables. This will give an insight into the cost and income structure of this fishery. The necessary data and information on the form of the model are amply available in published and unpublished sources, as the herring fisheries form an exceptionally well-documented case. The chapter presents an overview of Holland's herring fisheries and then discusses the income and costs. It also deals with estimating profitability and value added, and concludes with a summary of the main research results.

Keywords: cost; economic analysis; herring fisheries; Holland; income structure; profit figures; value added



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