Macroeconomic Analysis in the Classical Tradition explains how the influence of Keynes's macroeconomics, including his changed definitions of some key macroeconomic concepts, has impeded many analysts' ability to readily resolve disputes in modern macroeconomics. Expanding on his earlier work-Macroeconomics without the Errors of Keynes (2019)-the author delves into more aspects of macroeconomic theory and argues for a revision of Keynes's contribution to the field. Attention is given to theories and concepts such as Say's Law, the quantity theory of money, the liquidity trap, the permanent income hypothesis, 100% money, and the Phillips curve analysis. The chapters work to build a careful critique of Keynes's economics and make the case that the classical macroeconomics of Smith, Say, Ricardo, Mill, and others could help resolve present-day policy disagreements and redefine macroeconomic priorities. This book provides essential reading for advanced students and scholars with an interest in the foundations of Keynes's theories and current debates within macroeconomic policy.

As a country's current development is path dependent, the rise of China and its strategic implications can only be understood in a historical context. Hence, the key to understanding contemporary China is the understanding of its past. So far there has been an absence of a comprehensive text dealing with Chinese economic history in the English language. An Economic History of Modern China fills this important gap, focusing on modern Chinese economic growth and comprehensively surveying the patterns of China's growth experience over the past 200 years, from the Opium wars to the present day. Key events are traced back to their foundations in history to explain their impact on China's modern economic growth.

This book is the fourth and final collection of Professor R.B. Serjeant's articles on the trade, commerce and society of South Arabia and the Yemen. The early articles concern trade; customary law is the next subject represented with social history and one or two incidental articles completing the volume.

'...a tightly argued and excellent book.' - William D. Wray, Journal of Japanese Studies;How did Japan, despite her lack of natural resources, become the world's leading iron and steel producing country? This book examines how the collaboration between government and industry created this economic miracle.

This book examines the views of Greek Church Fathers on hoarding, saving, and management of economic surplus, and their development primarily in urban centres of the Eastern Mediterranean, from the late first to the fifth century. The study shows how the approaches of Greek Fathers, such as Clement of Alexandria, Basil of Caesarea, John Chrysostom, Isidore of Pelusium, and Theodoret of Cyrrhus, to hoarding and saving intertwined with stances toward the moral and social obligations of the wealthy. It also demonstrates how these Fathers responded to conditions and practices in urban economic environments characterized by sharp inequalities. Their attitudes reflect the gradual widening of Christian congregations, but also the consequences of the socio-economic evolution of the late antique Eastern Roman Empire. Among the issues discussed in the book are the justification of wealth, alternatives to hoarding, and the reception of patristic views by contemporaries.

Cheap street is a lively and scholarly account of London's street markets, which were an overlooked site of urban modernity and the most vigorous outgrowth of the informal economy that flourished below and beyond the recognised institutions of the consumer city. Kelley brings together design and material culture history, urban studies and social and cultural history to analyse the street markets' distinct characteristics. These included the flaring naked flames of their naphtha lights, their impermanent yet persistent unofficial occupation of space, and the noisy performative selling that took place there. The result is a new interpretation of London's urban geographies, moving beyond the accepted view of the West End as the consumer city and the East as the city of poverty, and demonstrating that the informality of the street markets was a powerful force in shaping representations of London and its people. -- .

The spread of currency convertibility is one of the most dramatic trends of the late twentieth century. It reflects the desire of policymakers to integrate their economies into the global trading system and to attract financial capital and direct investment from abroad. In this book a team of leading international economists and economic historians look at parallel situations in the history of the international monetary system, focusing in particular on the gold standard. The concluding chapter uses a case study of modern Portugal to draw out implications for modern international monetary relations in Europe and for the rest of the world.

As the first book to examine the origins and spread of agriculture and pastoralism in Europe and Asia as a whole, this major contribution should be essential reading for archaeologists, anthropologists, biologists and geographers. Adopting a novel approach to the subject, the authors examine it first in terms of seven different disciplinary perspectives: social, ecological, genetic, linguistic, biomolecular, epidemiological and geogrpahical. Then, 20 case studies are presented, which are based primarily on archaeological and biological evidence and which relate to three major regions: Southwest Asia, Europe and Central Asia to the Pacific. The book concludes with an overview of Eurasia as a whole.; The transition from hunting and gathering to agriculture had revolutionary consequences for human society. It led to the emergence of urban civilizations and ultimately to humanity's almost complete dependence on relatively few domesticated animals and plants. The subject has been much studied, but the results have tended to be interpreted largely in terms of local cultural sequences, with insufficient comparison made with evidence from other areas. In contrast, this book provides a continental- scale framework, with its scope extended to pastoralism because in Eurasia both the raising of livestock and the cultivation of crops were integral components of the agricultural "revolution" from its inception some 10,000 years ago.; Comprehensive and authoritative, "The Origins and Spread of Agriculture and Pastoralism in Eurasia" should appeal strongly to the wide readership of students and specialists concerned with the prehistoric antecedents of modern civilization.

The establishment of the Communist social model in one part of Germany was a result of international postwar developments, of the Cold War waged by East and West, and of the resultant partition of Germany. As the author argues, the GDR's 'new' society was deliberately conceived as a counter-model to the liberal and marketregulated system. Although the hopes connected with this alternative system turned out to be misplaced and the planned economy may be thoroughly discredited today, it is important to understand the context in which it developed and failed. This study, a bestseller in its German version, offers an in-depth exploration of the GDR economy's starting conditions and the obstacles to growth it confronted during the consolidation phase. These factors, however, were not decisive in the GDR's lack of growth compared to that of the Federal Republic. As this study convincingly shows, it was the economic model that led to failure.

This collection, by an economist who participated in many of the events described, sketches the more important economic developments from the end of the Second World War to the early 1980s. In so doing, it brings together a series of papers which were produced by Sir Alec Cairncross during this period. The topics covered include: economic development in the immediate post-war period, including some long neglected issues, such as the role of economists in the wartime government of Britain; sterling crises and devaluation during the 1960s and 1970s; the wider view and long-term issues involved, including a review of some of the economic ideas that have influenced the British government since the war. The importance of ecomomic history as an intellectual discipline is central and sets the context for the entire work. This study is intended to be of use for all those seeking to understand the course of post-1945 economics.

The British mercantilist writers of the 17th and 18th centuries had great influence on modern economics. Their writings, especially on trade and on money, have had an impact both through their ideas and by shaping the language in which subsequent economic debate took place. This text demonstrates that the mercantilists were more subtle and balanced economists than Smith and his followers alleged. Far from naively confusing wealth and money, the writers produced sophisticated accouts of the workings of the economic system which show a complex response to the political economy of the time. The texts reproduced range from Thomas Mun's "A Discourse of Trade from England Unto the East..." (1621) to Jacob Vanderlint's " Money answers to all things..." (1734). Other writers featured include Edward Misselden, John Cary, Joshua Child, John Locke, Charles Davenant and Matthew Decker.

Maritime transport has been the main driver of trade growth, and the emergence and development of a global economy. This collection of essays from distinguished economists and historians takes an international and comparative perspective, covering topics ranging from technological advance and the role of the state to maritime business development.

A comprehensive and in-depth history of the 20th century English home, how it has been created, and how it works for people. It focuses on the various influences bearing on the development of domestic space since 1914 and covers both design and housing policy. Current debates from participation to co-operative housing are examined and several themes not previously brought together are linked, e.g. urban development/house design; technology at home/women and home; social meaning of home.

The Bretton Woods system ensured a quarter of a century of relative stability on the world's financial markets. The quarter of a century which has followed has brought financial chaos and excessive financial volatility. Exchange Rate Chaos: 25 Years of Financial and Consumer Democracy describes and compares US and British financial history during this period. It highlights: * similarites in financial developments between the two countries * consumer democracy: Have the wishes of consumers dominated exchange rate policy? * The decline of the small investor and the hegemony of financial institutions * How the floating exchange rates are manipulated to government advantage One of the few financial histories to deal with the postwar period, this book shows how financial developments have shaped contemporary society and politics.

"Will delight the visual learner. ... For the college student, the general reader, and the merely curious". -- American Reference Book Annual

"Schmidt has filled a large gap. ... Superior quality, wide coverage, and considerable excellence". -- Journal of World History

This book, first published in 1817 is the most important writing of David Ricardo. Ricardo, was the founder of the classic school of economics. His writings are the foundation for modern economcs. His theory of value as well as the function of wages and trade had a great influence on the economic philosophies of Karl Marx, John Stuart Mill and many others. A must reading for those who wish to understand economics. A Collector's Edition.

This anthology honors the life and work of American economist John E. Murray, whose work on the evolution of the standard of living spanned multiple disciplines. Publishing extensively in the areas of the history of healthcare and health insurance, labor markets, religion, and family-related issues from education to orphanages, fertility, and marriage, Murray was much more than an economic historian and his influence can be felt across the wider scholarly community. Written by Murray's academic collaborators, mentors, and mentees, this collection of essays covers topics such as the effect of the 1918 influenza pandemic on U.S. life insurance holdings, the relationship between rapid economic growth and type 2 diabetes, and the economics of the early church. This volume will be of use to scholars and students interested in economic history, cliometrics, labor economics, and American and European history, as well as the history of religion.

Under the Reagan presidency, the United States saw a period of strong economic growth. Analyzing the evolution of US foreign trade and its impact on the economy under the Reagan administration, Giuseppe La Barca shows how their economic achievements came about in part through well-exploited luck and reaffirmation of the supremacy of US economic interests. In stimulating its economy by consuming more than it produced, the US caused a growing trade deficit, appreciation of the dollar and an inflow of foreign capital that attracted prolonged differential interest rates. Offering a critical analysis of the evolution of US foreign trade and its impact on the national economy during the 1980s, this book shows how domestic and international economic policies shaped one another, and the impact they had in an increasingly globalizing world.

In the modern Western world, we tend to be insured by the state or for-profit insurers. We have privileged this system over mutual or micro-insurance, whose long and rich history we tend to forget. Yet, mutual and micro-insurance is becoming increasingly important, both in the Western and in the non-Western world and bears re-examination. This book traces the track record of mutual insurance from 1550 to the present, examining provisions for burial, sickness, unemployment, old age, and widowhood. The author seeks to address such topics as the type of risks micro-insurance covered between 1550 and 2015; how it was organized throughout its history; who provided the coverage; and how contributions, benefit levels, and conditions have changed. Importantly, the author explores why this system has worked through, and endured, the test of time. Mutual insurance can, for instance, overcome classic insurance problems such as adverse selection and moral hazards. The author demonstrates that the study of the position micro-insurance historically assumed in mixed economies of welfare presents interesting lessons for today's insurance market, as well as for today's mutualism.

"The South African Economy, 1910-90" surveys the growth of the South African economy since 1910, when the four provinces came together to form the Union of South Africa. The theme of this book is the economic organization that made possible the growth of the South African economy which has contended with natural disasters, a backward but politically influential agricultural sector, a fixed gold price, the impact of two world wars and finally the constraints on growth imposed by the apartheid policies present since 1948. The book describes how the gold industry fuelled the growth of the economy and enabled the government to subsidise agriculture. The gold idustry, however, was a mixed blessing and since 1973 the dramatic rise in its price has not been accompanied by a boom in the growth rate. In fact it led to a marked deceleration in the rate of growth and triggered a burst of inflation that is still ravaging the South African economy. The affects on the economy of leaving the Commonwealth in 1961 are then examined, as this caused an industrial revolution that made South Africa the power house of Africa; but accompanying the industrial transformation was a population explosion that

The dramatic events of 1989 in Poland had their roots in the country's economic crisis of a decade earlier. In "The Polish Economic Crisis," Batara Simatupang analyzes the economic crisis of the late 1970s and early 1980s and places it in a wider political-economic context. He identifies the issues involved in this recession as a combination of governmental economic incompetence, a lumbering bureaucracy, and the tenuous legitimacy of the ruling communist party--all set within the international economic environment in which Poland existed.
The book also analyzes the aftermath of this crisis and the steady procession from recession to slump. The country's poor economic performance, the failed attempt to reform the economic and political systems in 1988 and 1989, the loss of geopolitical support, and the disintegration of state socialism all culminated in a much more serious crisis. The regime's ultimate collapse made possible the deflationary shock and rapid transition to a market economy in 1990. The book traces the path to Poland's political breakthrough in 1989, relating it to the collapse of "really existing socialism" in the rest of Eastern Europe and the former Soviet Union.

This book is the first comprehensive analysis of Denmark's solitary experiment with Indian indentured labor on St. Croix during the second half of the nineteenth century. The book focuses on the recruitment, transportation, plantation labor, re-indenture, repatriation, remittances and abolition of Indian indentured experience on the island. In doing so, Roopnarine has produced a compelling narrative on Indian indenture. The laborers challenged and responded accordingly to their daily indentured existence using their cultural strengths to cohere and co-exist in a planter-dominated environment. Laborers had to create opportunities for themselves using their homeland customs without losing the focus that someday they would return home. Indentured Indians understood that the plantation system would not be flexible to them but rather they had to be flexible to plantation system. Roopnarine's concise analysis has moved Indian indenture from the margin to mainstream not only in the historiography of the Danish West Indies, but also in the wider Caribbean where Indians were indentured.

This volume surveys transnational encounters and entanglements between Germany and East Asia since 1945, a period that has witnessed unprecedented global connections between the two regions. It examines their sociopolitical and cultural connections through a variety of media. Since 1945, cultural flow between Germany and East Asia has increasingly become bidirectional, spurred by East Asian economies' unprecedented growth. In exploring their dynamic and evolving relations, this volume emphasizes how they have negotiated their differences and have frequently cooperated toward common goals in meeting the challenges of the contemporary world. Given their long-standing historical differences, their post-1945 relations reveal a surprisingly high degree of affinity in many areas. To show how they have deeply shaped each other's views, this volume presents 12 chapters by scholars from the fields of history, sinology, sociology, literature, music, and film. Topics include cultural topics, such as German and Swiss writers on East Asia (Enzensberg, Muschg, and Kreitz), Japanese writer on Germany (Tezuka and Tawada), German commemorative culture in Korea, Beethoven in China, metal music in Germany and Japan, diary films on Japan (Wenders), as well as sociopolitical topics, such as Sino- East German diplomacy, Germans and Korean democracy, and Japanes and Korean communities in Germany.