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Books > Humanities > History > History of specific subjects > Economic history

From the Treaty of Versailles to the Treaty of Maastricht - Conflict, Carnage And Cooperation In Europe, 1918 - 1993... From the Treaty of Versailles to the Treaty of Maastricht - Conflict, Carnage And Cooperation In Europe, 1918 - 1993 (Paperback)
Martin Holmes
R1,184 Discovery Miles 11 840 Ships in 9 - 15 working days

This book examines European history and politics between two very well-known but flawed treaties: The Treaty of Versailles and the Treaty of Maastricht. Taking the Treaty of Versailles, signed following World War I, as a starting point, the volume argues that while it was well-intentioned to the point of being utopian, it was also totally impractical, rearranging the map of Europe in a way which led to the tragic descent into conflict and barbarism in World War II. The volume then moves through the post war period, the outcome of the war producing the uneasy stability of a Cold War divided continent, and with the establishment of NATO in 1949, the process of European integration ushered in the era of cooperation. Under the influence of Charles de Gaulle, the newly created European Community acted as an association of sovereign states led by France and Germany, spurring economic growth and encouraging other countries to apply to join. After de Gaulle's retirement in 1969, this approach was progressively abandoned in favour of a federal model of integration in which member states transferred their sovereignty to the institutions of what became the European Union. Europe was to be transformed from a continent to a country. The book concludes by analysing the Maastricht treaty, which enshrined this process, as being as fatally flawed as the Versailles Treaty and charts the post-Maastricht slow decline of the European Union giving way to widespread Euroscepticism. From the Treaty of Versailles to the Treaty of Maastricht will appeal to researchers and students alike interested in European history, politics and World War I and II.

Malthus - The Life and Legacies of an Untimely Prophet (Hardcover): Robert J. Mayhew Malthus - The Life and Legacies of an Untimely Prophet (Hardcover)
Robert J. Mayhew 1
R936 Discovery Miles 9 360 Ships in 12 - 17 working days

Thomas Robert Malthus's""An Essay on the Principle of Population" was an immediate succes de scandale" when it appeared in 1798. Arguing that nature is niggardly and that societies, both human and animal, tend to overstep the limits of natural resources in "perpetual oscillation between happiness and misery," he found himself attacked on all sides--by Romantic poets, utopian thinkers, and the religious establishment. Though Malthus has never disappeared, he has been perpetually misunderstood. This book is at once a major reassessment of Malthus's ideas and an intellectual history of the origins of modern debates about demography, resources, and the environment.

Against the ferment of Enlightenment ideals about the perfectibility of mankind and the grim realities of life in the eighteenth century, Robert Mayhew explains the genesis of the Essay" and Malthus's preoccupation with birth and death rates. He traces Malthus's collision course with the Lake poets, his important revisions to the Essay, " and composition of his other great work, Principles of Political Economy. "Mayhew suggests we see the author in his later writings as an environmental economist for his persistent concern with natural resources, land, and the conditions of their use. Mayhew then pursues Malthus's many afterlives in the Victorian world and beyond.

Today, the Malthusian dilemma makes itself feltonce again, as demography and climate change come together on the same environmental agenda. By opening a new door onto Malthus's arguments and their transmission to the present day, Robert Mayhew gives historical depth to our current planetary concerns."

Economic and Social History of Medieval Europe (Paperback): Henri Pirenne Economic and Social History of Medieval Europe (Paperback)
Henri Pirenne
R1,386 Discovery Miles 13 860 Ships in 12 - 17 working days

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1937 edition. Excerpt: ... P. Lehugeur, Histoire de Philippe le Long, p. 368 (Paris. alive deter counterfeiters from the temptation of exploiting, a state of affairs so favourable to them. From the end of the twelfth century the disorder of th& currency had reached such a point that a reform became absolutely necessary. It is significant that the initiative came from the greatest commercial centre of the age, Venice. In 1192 the doge, Henry Dandolo, caused an entirely new land of coin to be struck there, the groat, or gros or matapan, weighing a little over 2 grammes of silver and of the value of 12 of the old deniers. This groat was thus equivalent to the Carolingian sou, with the difference that the sou, originally a money of account, now became a real coin. Charlemagne's system was not abandoned and the innovation maintained his scale of coinage. All it did was to take advantage of the continual fall of the denier, to substitute for it a new denier, of twelve times the value (whence its name of grossus), which in fact corresponded exactly to the old sou, which from a mere figure now became an integral part of the currency. In other words, the new system remained faithful to the old, except that it gave it a metallic value which was twelve times higher. The old denier was not suppressed; the groat took its place beside it as the money of commerce, reducing the denier in practice to the rank of small change. The Venetian groat answered the needs of the merchants so well that it was immediately imitated in all the towns of Lombardy and Tuscany. But north of the Alps, too, attempts were made to remedy the debasement of the coinage, which was by now intolerable. In Germany, where it seems to have been worst of all, the Heller (so called from the town of Halle in Swabia...

The Rhetoric of the Right - Language Change and the Spread of the Market (Hardcover): David George The Rhetoric of the Right - Language Change and the Spread of the Market (Hardcover)
David George
R4,290 Discovery Miles 42 900 Ships in 12 - 17 working days

This study seeks to demonstrate the subtle ways in which changes in the language associated with economic issues are reflective of a gradual but quantifiable conservative ideological shift. In this rigorous analysis, David George uses as his data a century of word usage within The New York Times, starting in 1900. It is not always obvious how the changes identified necessarily reflect a stronger prejudice toward laissez-faire free market capitalism, and so much of the book seeks to demonstrate the subtle ways in which the changing language indeed carries with it a political message. This analysis is made through exploration of five major areas of focus: "economics rhetoric" scholarship and the growing "behavioral economics" school of thought; the discourse of government and taxation; the changing meaning of "competition," and "competitive"; changing attitudes toward labor; and the celebration of growth relative to the decline in attention to economic justice and social equality.

Democracy - A User's Guide (Hardcover, Hard Cover ed.): Joss Sheldon Democracy - A User's Guide (Hardcover, Hard Cover ed.)
Joss Sheldon
R764 Discovery Miles 7 640 Ships in 10 - 15 working days
Ancient and Pre-modern Economies of the North American Pacific Northwest (Paperback): Anna Marie Prentiss Ancient and Pre-modern Economies of the North American Pacific Northwest (Paperback)
Anna Marie Prentiss
R561 Discovery Miles 5 610 Ships in 12 - 17 working days

This Element provides an overview of pre-modern and ancient economies of the Pacific Northwest region of North America. The region is widely known for its densely occupied semisedentary villages, intensive production economies, dramatic ritual life, and complex social relations. Scholars recognize significant diversity in the structure of subsistence and goods production in the service of domestic groups and institutional entities throughout the region. Here, domestic and institutional economies, specialization, distribution, economic development, and future directions are reviewed. The Element closes with thoughts on the processes of socio-economic change on the scales of houses, villages, and regional strategies.

Vikings Across Boundaries - Viking-Age Transformations - Volume II (Paperback): Hanne Lovise Aannestad, Unn Pedersen, Marianne... Vikings Across Boundaries - Viking-Age Transformations - Volume II (Paperback)
Hanne Lovise Aannestad, Unn Pedersen, Marianne Moen, Elise Naumann, Heidi Lund Berg
R1,259 Discovery Miles 12 590 Ships in 9 - 15 working days

This volume explores the changes that occurred during the Viking Age, as Scandinavian societies fell in line with the larger forces that dominated the Insular world and Continental Europe, absorbing the powerful symbiosis of Christianity and monarchy, adapting to the idea of royal lineage and supremacy, and developing a buzzing urbanism coupled with large-scale trade networks. Presenting research on the grand context of the Viking Age alongside localised studies, it contributes to the furthering of collaborations between local and 'outsider' research on the Viking Age. Through a diversity of approaches on the Viking homelands and the wider world of the Vikings, it offers studies of a range of phenomena, including urban and rural settlements; continuity in the use of places as well as new types of places specific to the Viking Age; the social significance of change; the construction and maintenance of social identity both within the 'homelands' and across large territories; ethnicity; and ideas of identity and the creation and recreation of identity both at home and abroad. As such, it will appeal to historians and archaeologists with interests in Viking-Age studies, as well as scholars of Scandinavian studies.

Early Economic Thought in Spain, 1177-1740 (Routledge Revivals) (Paperback): Marjorie Grice-Hutchinson Early Economic Thought in Spain, 1177-1740 (Routledge Revivals) (Paperback)
Marjorie Grice-Hutchinson
R1,284 Discovery Miles 12 840 Ships in 12 - 17 working days

The growth of serious interest during the last fifty years in the scholastic contribution to the development of economic thought has been very marked, and no-where more so than in the history of economic thought in Spain. First published in 1978, this book begins in the Middle Ages and traces the effect on business practice and on thought of the presence of the Christian, Islamic and Jewish communities who lived side by side in the Peninsula. It shows how the economics of Plato and Aristotle were transmitted by way of Toledo to the Latin West. In the second half of the book the author considers 'Salamancan' ideas and the views of the political economists and 'projectors' who preceded the Enlightenment. At the same time she surveys the present state of the subject and offers bibliographical guidance for the reader.

English Historical Documents Set (Hardcover): David Douglas English Historical Documents Set (Hardcover)
David Douglas
R124,213 Discovery Miles 1 242 130 Ships in 12 - 17 working days

English Historical Documents is the most ambitious, impressive and comprehensive collection of documents on English history ever published. An authoritative work of primary evidence, each volume presents material with exemplary scholarly accuracy. Editorial comment is directed towards making sources intelligible rather than drawing conclusions from them. Full account has been taken of modern textual criticism. A general introduction to each volume portrays the character of the period under review and critical bibliographies have been added to assist further investigation. Documents collected include treaties, personal letters, statutes, military dispatches, diaries, declarations, newspaper articles, government and cabinet proceedings, orders, acts, sermons, pamphlets, agricultural instructions, charters, grants, guild regulations and voting records. All volumes contain extra apparatus including genealogical tables, lists of officials, chronologies, diagrams, graphs and maps.

European Labour Protest 1848-1939 (Paperback): Dick Geary European Labour Protest 1848-1939 (Paperback)
Dick Geary
R937 Discovery Miles 9 370 Ships in 9 - 15 working days

This book, first published in 1981, examines the issues inspiring working-class movements after 1848 in France, Germany and Britain, with some consideration also of Austria, Italy, Spain and Russia. It concentrates on the attitudes of the ordinary working men, rather than the ideologies and the leaders, and considers the many different forms and manifestations of their grievances and means of expression. What emerges is the complexity of the connection between economic circumstances and protest, and the existence of wide divergences of behaviour amongst the European working class.

Mapping Mainstream Economics - Genealogical Foundations of Alternativity (Hardcover): Georg N. Schafer, Soeren E. Schuster Mapping Mainstream Economics - Genealogical Foundations of Alternativity (Hardcover)
Georg N. Schafer, Soeren E. Schuster
R1,545 Discovery Miles 15 450 Ships in 9 - 15 working days

Mapping Mainstream Economics: Genealogical Foundations of Alternativity seeks to establish a definition of the mainstream economics, and by extension the alternatives to it, by adopting a genealogical approach: tracing the methodological development of the economic mainstream through its ancestry, which allows for a definition of the mainstream that is separate from politically charged categories or gridlocked academic arguments between received schools of thought. The book follows the evolution of the economic mainstream through four major transformations of the discipline: from political to analytical economics, debates around a logical empiricist economics, the consolidation of neoclassical economics, and the recent expansion of the mainstream. For each of these steps, the key point of departure is explored, illustrated through the work of leading authors at the time. Thus, the book draws on recent research from the history of economic thought and debates the crucial role of historic concepts of economics for alternativity in the field. To put the approach into practice, it examines the relation between today's mainstream economics and two of its alternatives: ecological economics and degrowth. Finally, the book reflects on recent exciting developments in the discourse on alternativity and sheds light on some distant relatives of today's mainstream. This book marks a significant contribution to the literature on the debates around the state and nature of mainstream, alternative, and heterodox economics.

Social England in the Fifteenth Century (Routledge Revivals) - A Study of the Effects of Economic Conditions (Hardcover): Annie... Social England in the Fifteenth Century (Routledge Revivals) - A Study of the Effects of Economic Conditions (Hardcover)
Annie Abram
R4,296 Discovery Miles 42 960 Ships in 12 - 17 working days

Annie Abram was born in London in 1869 and died in Sussex in 1930. She contributed significantly to the twentieth-century historiography of late medieval England, researching the social, cultural and religious mores of the English laity and clergy. First published in 1909, this title explores the impact of economic changes on society during the fifteenth century. This was a period of important developments both socially and economically, which witnessed the rise of the middle class through industrialisation, agrarian change, and the growing economic and commercial character of towns. The chapters discuss these areas, as well as the industrial position of women and children, the economic position of the Church and the development of a national character. This is a fascinating classic work, which will be of great value to students researching the socio-economic history of late medieval England.

The Forgotten Depression (Paperback): James Grant The Forgotten Depression (Paperback)
James Grant
R491 R409 Discovery Miles 4 090 Save R82 (17%) Ships in 10 - 15 working days
Money For Nothing - The South Sea Bubble and the Invention of Modern Capitalism (Paperback): Thomas Levenson Money For Nothing - The South Sea Bubble and the Invention of Modern Capitalism (Paperback)
Thomas Levenson
R327 R271 Discovery Miles 2 710 Save R56 (17%) Ships in 9 - 15 working days

A Financial Times Economics Book of the Year A brilliant narrative of early capitalism's most famous scandal, a speculative frenzy that nearly bankrupted the British state during the hot summer of 1720 - and paradoxically led to the birth of modern finance. The South Sea Company was formed to trade with Asian and Latin American countries. But it had almost no ships and did precious little trade. Instead it got into financial fraud on a massive scale, taking over the government's debt and promising to pay the state out of the money received from the shares it sold. And how they sold. In the summer of 1720 the share price rocketed and everyone was making money. Until the carousel stopped, and thousands lost their shirts. Isaac Newton, Alexander Pope and others lost heavily. Thomas Levenson's superb account of the South Sea Bubble is not just the story of a huge scam, but is also the story of the birth of modern financial capitalism: the idea that you can invest in future prosperity and that governments can borrow money to make things happen, like funding the rise of British naval and mercantile power. These dreamers and fraudsters may have bankrupted Britain, but they made the world rich. Praise for Money For Nothing: 'A scholar who makes complicated and subtle matters not just accessible but fun. Utterly relevant to the 2008 financial crisis and 2020 pandemic' SIMON SEBAG MONTEFIORE 'Thoroughly researched and vibrantly written, Money For Nothing captures those heady, heartbreaking times, which still hold lessons for today' DAVID KAISER 'A gripping story of scientists and swindlers, all too pertinent to our modern world' JAMES GLEICK 'It's easy to look back and think of the South Sea bubblers, like the tulip-mad Dutch of the 1630s, as financially naive - until you remember how many people jumped in on various other more recent crazes (from Beanie Babies to Pets.com and Bitcoin). This is not a new tale, but Levenson tells it with a light touch' SPECTATOR

Organization and Technology in Capitalist Development (Hardcover, illustrated edition): William Lazonick Organization and Technology in Capitalist Development (Hardcover, illustrated edition)
William Lazonick
R3,713 Discovery Miles 37 130 Ships in 12 - 17 working days

For more than 20 years, William Lazonick has been one of the world's leading analysts of the dynamics of industrial development and change in international economic leadership. This impressive volume presents a coherent selection of Professor Lazonick's most important work on industrial development in Britain and the United States.The first part of the book contains articles on the decline of the British economy, including a recent summary of the debates on the British cotton textile industry and international competition. The second part focuses on labour, management and technology in the rise and recent decline of the US economy, and includes an up-to-date summary essay on organizational capabilities in American industry. Professor Lazonick's essays make historical analysis relevant to the present and put economic analysis back in touch with evolving reality. This approach, together with his unique combination of historical, statistical and theoretical methodologies, will ensure that this volume proves invaluable to economists and historians alike.

The Value Dimension (Routledge Revivals) - Marx versus Ricardo and Sraffa (Hardcover): Ben Fine The Value Dimension (Routledge Revivals) - Marx versus Ricardo and Sraffa (Hardcover)
Ben Fine
R4,295 Discovery Miles 42 950 Ships in 12 - 17 working days

The essays in this edited collection, first published in 1986, focus on important debates surrounding the central Marxian problem of the transformation of values into prices. The collection brings together major contributions on the value theory debate from the decade prior to the book's publication, and assesses the debate's significance for wider issues. Value theory emerges as much more than a technical relation between labour time and prices, and the structure of the capitalist economy is scrutinised. This is a relevant and comprehensive work, valuable to students, academics and professionals with an interest in political and Marxist economy.

How it all Began (Routledge Revivals) - Origins of the Modern Economy (Hardcover): W.W. Rostow How it all Began (Routledge Revivals) - Origins of the Modern Economy (Hardcover)
W.W. Rostow
R4,299 Discovery Miles 42 990 Ships in 12 - 17 working days

First published in 1975, this book traces the origins of our modern economy, showing the routes by which nations have either achieved wealth or have been impoverished. W. W. Rostow brings together issues of public policy, international trade and the world of science and technology, arguing that conventional economic thought has failed to relate scientific innovation to the economic process. Chapters consider the politics of modernization, the Commercial Revolution and the development of the world economy between 1783 and 1820.

The Global Financial Crisis and the New Monetary Consensus (Hardcover): Marc Pilkington The Global Financial Crisis and the New Monetary Consensus (Hardcover)
Marc Pilkington
R4,302 R2,956 Discovery Miles 29 560 Save R1,346 (31%) Ships in 12 - 17 working days

The Global Financial Crisis has reshuffled the cards for central banks throughout the world. In the wake of the biggest crisis since the Great Depression, this volume traces the evolution of modern central banking over the last fifty years. It takes in the inflationary chaos of the 1970s and the monetarist experiments of the 1980s, eventually leading to the New Monetary Consensus, which took shape in the 1990s and prevailed until 2007. The book then goes on to review the limitations placed on monetary policy in the aftermath of the global meltdown, arguing that the financial crisis has shaken the new monetary consensus. In the aftermath of the worst crisis since the Great Depression, the book investigates the nature of present and future monetary policy. Is the Taylor rule still a satisfactory monetary precept for central bankers? Has the New Monetary Consensus been shaken by the Global Financial Crisis? What are the fundamental issues raised by the latter cataclysmic chain of events? How should central banks conceptualize monetary policy anew in a post-crisis scenario? Existing books have dwelt extensively on the characteristics of the New Monetary Consensus, but few have cast light on its relevance in a post-crisis scenario. This book seeks to fill this gap, drawing on the lessons from five decades of contrasted theoretical approaches ranging from Keynesianism, monetarism, new classical macroeconomics, inflation targeting and more recently, pragmatic global crisis management.

Fifty Major Economists (Hardcover, 3rd edition): Steven Pressman Fifty Major Economists (Hardcover, 3rd edition)
Steven Pressman
R4,139 Discovery Miles 41 390 Ships in 12 - 17 working days

An introduction to the life, work and ideas of the people who have shaped the economic landscape from the sixteenth century to the present day. Now in a third edition, it considers how major economists might have viewed challenges such as the continuing economic slump, high unemployment and the sovereign debt problems which face the world today, it includes entries on: * Paul Krugman * Hyman Minsky * John Maynard Keynes * Adam Smith * Irving Fisher * James Buchanan Fifty Major Economists contains brief biographical information on each featured economist and an explanation of their major contributions to economics, along with simple illustrations of their ideas. With reference to the recent work of living economists, guides to the best of recent scholarship and a glossary of terms, Fifty Major Economists is an ideal resource for students of economics. Steven Pressman is Professor of Economics and Finance at Monmouth University. He has published around 120 articles in refereed journals and as book chapters, and has authored, or edited 13 books, including Women in the Age of Economic Transformation, Economics and Its Discontents, Alternative Theories of the State, and Leading Contemporary Economists.

Economic Analysis of Institutional Change in Ancient Greece - Politics, Taxation and Rational Behaviour (Hardcover): Carl... Economic Analysis of Institutional Change in Ancient Greece - Politics, Taxation and Rational Behaviour (Hardcover)
Carl Hampus Lyttkens
R4,314 Discovery Miles 43 140 Ships in 12 - 17 working days

This book presents an economic analysis of the causes and consequences of institutional change in ancient Athens. Focusing on the period 800-300 BCE, it looks in particular at the development of political institutions and taxation, including a new look at the activities of individuals like Solon, Kleisthenes and Perikles and on the changes in political rules and taxation after the Peloponnesian War.

Taxation in the New State (Routledge Revivals) (Hardcover): J. Hobson Taxation in the New State (Routledge Revivals) (Hardcover)
J. Hobson
R4,300 Discovery Miles 43 000 Ships in 12 - 17 working days

First published in 1919, Taxation in the New State explores the practical application of tax policy to the financial situation of post-World War I Britain. Hobson assesses policy according to the tax payer's ability to bear the burden and draws a distinction between 'cost' and 'surplus'. He proposes a number of reforms and considers the pitfalls of attempting the find required revenue using ordinary taxation in a post-war financial crisis.

International Trade (Routledge Revivals) - An Application of Economic Theory (Hardcover): J. Hobson International Trade (Routledge Revivals) - An Application of Economic Theory (Hardcover)
J. Hobson
R4,292 Discovery Miles 42 920 Ships in 12 - 17 working days

First published in 1904, this important economic work explores some of the leading principles underlining the development of international trade. Hobson offered a departure from the conventional treatment of international trade in economic theory, simplifying concepts of free trade, exchange and tariffs and considering the practical application of theory in a manner accessible to the reader.

Chinese Hinterland Capitalism and Shanxi Piaohao - Banking, State, and Family, 1720-1910 (Paperback): Luman Wang Chinese Hinterland Capitalism and Shanxi Piaohao - Banking, State, and Family, 1720-1910 (Paperback)
Luman Wang
R1,258 Discovery Miles 12 580 Ships in 9 - 15 working days

This book examines Shanxi piaohao-private financiers from the Chinese hinterland-in the economic and business history of late imperial China, forming the original theory of Chinese hinterland capitalism. Deepening the existing understanding of capitalist dynamics at work in the families and financial institutions of late imperial China, the book foregrounds the expansionist role played by Shanxi piaohao in transforming China's market and trade from an agrarian empire to a modern nation state. In a departure for economic history, it also focuses on the histories of the people and their lifeworlds behind financial institutions, which have previously been erased by universal capitalist narratives. Persistent binary oppositions between coastal areas and hinterland; state and market; and institutions and families are each transcended in recounting the local histories of global capital in the marginalized countryside and borderlands of China. Based on a wealth of archival material and correspondence with Shanxi piaohao offices and branches, Chinese Hinterland Capitalism and Shanxi Piaohao will appeal to students and scholars of Chinese and economic history, anthropology, and postcolonial studies more generally.

Contemporary Issues in Heterodox Economics - Implications for Theory and Policy Action (Paperback): Arturo Hermann, Simon Mouatt Contemporary Issues in Heterodox Economics - Implications for Theory and Policy Action (Paperback)
Arturo Hermann, Simon Mouatt
R1,509 Discovery Miles 15 090 Ships in 9 - 15 working days

Heterodox economics can provide a more complete and robust explanation of economic realities than orthodox (or mainstream) economics. Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action argues that this greater explanatory power gives heterodox economics the ability to illuminate appropriate policy for the major crises of our time, as well as proffer the basis for a more rounded, pluralist approach to economic theory. The chapters in this wide-ranging volume address some of the key issues facing the global economy, including the growing disparity of income/wealth between persons and economic areas, environmental degradation, issues associated with employment, and the regularity of economic/financial crises. The authors examine potential policy responses such as modern monetary theory, models of public ownership, and the need to move beyond standard concepts of growth. They also explore the deficiencies of orthodox economics, and contend that a more pluralist approach to economics is required in the public sphere, in academia, and in the classroom in order to help face the challenges of the twenty-first century. This book is invaluable reading for students and scholars across the social sciences who are interested in alternatives to mainstream economic thinking.

Vulnerable People, Vulnerable States - Redefining the Development Challenge (Hardcover): Daniel Bromley, Glen Anderson Vulnerable People, Vulnerable States - Redefining the Development Challenge (Hardcover)
Daniel Bromley, Glen Anderson
R3,986 Discovery Miles 39 860 Ships in 12 - 17 working days

Over five decades of economic and technical assistance to the countries of Africa and the Middle East have failed to improve the life prospects for over 1.4 billion people who remain vulnerable. Billions of dollars have been spent on such assistance and yet little progress has been made. Persistent hunger and hopelessness threaten more than individuals and families. These conditions foster political alienation that can easily metastasize into hostility and aggression. Recent uprisings in the Middle East are emblematic of this problem. Vulnerable people give rise to vulnerable states. This book challenges the dominant catechism of development assistance by arguing that the focus on economic growth (and fighting poverty) has failed to bring about the promised "convergence." Poor people and poor countries have clearly not closed the gap on the rich industrialized world. Pursuing convergence has been a failure. Here we argue that development assistance must be reconstituted to focus on creating economic coherence. People are vulnerable because the economies in which they are embedded do not cohere. The absence of economic coherence means that economic processes do not work as they must if individual initiative is to result in improved livelihoods. Weak and vulnerable states must be strengthened so that they can become partners in the process of creating economic coherence. When economies do not cohere, countries become breeding grounds for localized civil conflicts that often spill across national borders.

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