This book explains in fascinating detail how economic and social transformations in pre-1600 Japan led to an industrious revolution in the early modern period and how the fruits of the Industrious Revolution are what have supported Japan since the eighteenth century, improving living standards and leading to the formation of the work ethic of modern Japan. The arrival of the Sengoku Period in the sixteenth century saw the emergence and domination of government by the warrior class. It was Tokugawa Ieyasu who unified the realm. Yet this unity did not give rise to an autocratic state, as the shogun was recognized merely as a main pillar of the warrior class. Economically, however, from the fourteenth century, currency payments for shoen nengu (taxes paid to the proprietor) became standard, and currency circulation began, primarily in the central region. Under Tokugawa rule, organized domestic coinage of currency began, opening the way to establishing a national economic society. Also, agricultural land was surveyed through cadastral surveys known as kenchi. Land values were converted in terms of rice, so the expected rice yields for each village were assessed, and the lords used this as a benchmark for imposing taxes. In the sixteenth and seventeenth centuries, Japan experienced a "great transition," and conditions for peasants, agriculture, and farming villages underwent great changes. Inefficient traditional agriculture using peasants in a state of servitude was transformed into highly efficient small-sized farming operations which relied on family labor. As production yields increased due to labor-intensive agriculture, the profits obtained by the peasants improved their living standards. The stem-family system became the norm through which work ethics and even literacy were transmitted. This very change was the result of the "industrious revolution" in Japan. The book thus presents the framework of the facts of pre-industrial Japanese history and depicts pre-modern Japan from a macroscopic point of view, showing how the industrious revolution came about. It is certain to be of great interest to economists and historians alike.

This ground-breaking book provides the first English-language survey of economic thought in modern Japan. Significantly, it offers both a detailed study of economic thought from 1600 to 1945 and a nuanced analysis of Western and Asian perspectives on the field of Japanese economic history. Expertly translated from Japanese and written by leading scholars in the field, this exciting study includes: * A novel approach to economic thought which contextualizes the core values of thinkers across the period * A comparative analysis of Japanese economic history which looks at the continuities across the Meiji divide * The extensive use of archival sources, many of which were previously unavailable in English A History of Economic Thought in Japan, 1600 - 1945 serves as a case study of how Western economic ideas spread to non-Western regions and interacted with indigenous ideas. It will therefore be of immense value to both scholars of economic thought and those seeking a deeper understanding of the moral, intellectual, and societal forces that shaped modern Japan.

The book describes the birth and growth of financial institutions and stock exchanges in Scandinavia and Finland from 1656 to 2010, including their banking crises and the history of banking regulation. It argues that quantitative regulations cannot, in the long run, produce the desired results and bear the seeds of future financial crises.

F.A. Hayek (1899-1992), the co-leader of the Austrian free market school, embraced the transparently fraudulent assertion made by Donald McCormick, aka Richard Deacon, in The British Connection which accused A.C. Pigou, the co-leader of the Cambridge market failure school, of being a Soviet spy.

The conquest of the Americas inaugurated the slow accumulation of resources and the imperceptible structural transformations that culminated in the Industrial Revolution. From that moment on, capitalism grew and expanded with a dynamism and adaptability that are now all too familiar, profiting from wars and even managing to rebound after a series of devastating economic crises.

In this highly-anticipated revised edition of the 1981 classic, Beaud extends one of the major strengths of the original: the interweaving of social, political, and economic factors in the context of history. At the same time, Beaud's analysis provides a realistic and thorough examination of the developments of capitalism in the last twenty years, including globalization, the accelerating speed of capital transfer, and the collapse of the Soviet empire and the subsequent absorption of its population into the world market. This new edition also offers a completely revised format that integrates diagrams and flow-charts not previously available in the English-language edition.

Volume 27C of "Research in the History of Economic Thought and Methodology" consists of documents from Glenn Johnson and F. Taylor Ostrander. Part I includes: notes from lectures by James E. Meade on the linking of monetary theory with the pure theory of value (Oxford University, 1932-1933); notes from the Socialist Club at the Cafe Verique in Geneva (Summer 1931); correspondence between Frank H. Knight and F. Taylor Ostrander; index to the Treasury Department papers of F. Taylor Ostrander; and notes on the long and wide-ranging career of F. Taylor Ostrander. Part II presents Glenn Johnson's notes from courses at the University of Chicago (1946); notes from Lloyd Mints' course on money and banking, economics 330 (Fall 1946); incomplete course notes from Milton Friedman's price theory, economics 300B, University of Chicago (Spring 1947); and notes from seminars by John R. Hicks and Tjalling Koopmans, University of Chicago (October 1946).

Drawing on neo-Gramscian theories of International Political Economy, this book explores the impact of the Marshall Plan on labour and government in Britain. Rather than the US imposing a 'politics of productivity' on an unwilling government, the centre-right of the Labour Party used the Marshall Plan to achieve its own political ends. Manipulating Hegemony shows how the government was able to marginalise the left to create a pattern of state-labour politics that was to endure until the end of the 1970s.

Since World War II, America's economic landscape has undergone a profound transformation. The effects of this change can be seen in the decline of the traditional industrial heartland and the emergence of new high tech industrial complexes in California, Texas, Boston, and Florida. The Rise ofthe Gunbelt demonstrates that this economic restructuring is a direct result of the rise of the military industrial complex (MIC) and a wholly new industry based on defense spending and Pentagon contacts. Chronicling the dramatic growth of this vast complex, the authors analyze the roles played by the shift from land and sea warfare to aerial combat in World War II, the Cold War, the birth of aerospace and the consequent radical transformation of the airplane industry, and labor and major defense corporations such as Boeing, Lockheed, and McDonnell Douglas. Exploring the reasons for the shifts in defense spending--including the role of lobbyists and the Department of Defense in awarding contracts--and the effects on regional and national economic development, this comprehensive study reveals the complexities of the MIC.

This is the ideal companion text to "A Political History of Western Europe Since 1945." It is an introductory survey which explains how western Europe built up its postwar prosperity and is moving towards continental integration. Themes treated include: the origins of the EC; consumerism; youth culture and protest; immigration; the oil crisis and its aftermath; and the contrasting experience and expectations of the Nordic world and the Mediterranean south. The book ends with the consequences of Soviet collapse. Designed for general history students, it assumes no formal knowledge of economics, and is notably accessible and user-friendly in its approach.

The School of Salamanca in the Affairs of the Indies explores the significance of Salamancans, such as Vitoria and Soto, and related thinkers, such as Las Casas and Sepulveda, in the formation of the early modern political order. It also analyses early modern understandings of political order, with a focus both on the decline of the medieval universal world through the independence and secularization of political community and the establishment of continuous and imbalanced relations between various European and non-European political communities. Through its investigation, this book highlights how Salamancans and related thinkers clearly distinguished their understandings of political order from medieval thought, and did so in a different way to contemporary and later thinkers, such as Machiavelli, Luther, Bodin, and Grotius, particularly with regards to the Indies, "barbarian" worlds. It also reveals the strong contribution of the School of Salamanca in early modern political thought, both internally and externally. Salamancans imposed moral restrictions against "interior barbarism," that is, power beyond law, and included "exterior barbarism," that is, "barbarian" societies, in the common political order. Situating the School of Salamanca in the mainstream history of European political thought, The School of Salamanca in the Affairs of the Indies is ideal for academics and postgraduate students of intellectual history and of Spanish colonial expansion.

This book traces the growth of capitalism in South East Asia between 1870 and 1941, a crucial element in understanding contemporary economic and political developments in the region. It focuses on three questions. Why was indigenous capitalism so weak in colonial South East Asia? What were the institutional weaknesses in an otherwise dominant Chinese capitalist class, and why did it fail to transform itself into a modern industrial elite? What was the impact of western colonialism and Japanese economic penetration on South East Asia's prospects for achieving sustainable economic growth?

"Managing the World Economy," while recognizing how much has been achieved since the start of the Industrial Revolution, challenges the view that much better results could not have been attained. It argues that faster economic growth and much better use of the available human talent could have been in the past, and should be in the future, achievable targets. The reasons for the performance of the world economy over the past 200 years being well below the achievable optimum stem mainly from misconceptions about macroeconomic policy, which the book sets out to explain and correct.

China's loss of economic, technical, and cultural supremacy after the Song Dynasty (A.D. 960-1279) has produced one of the greatest enigmas of world history. Why did China fail to undergo an industrial revolution? Explanations relate to deficiencies of Chinese cultural values, social structure, class system, bureaucracy, and technology. This volume examines the subject of technological development, particularly agricultural development, in order to evaluate whether China suffered all-round technological stagnation. Using the example of the nongshu, or agricultural book, the author also examines the role of Chinese values, social structure, class structure, and bureaucracy in the accumulation, preservation, diffusion, promotion, and recovery of knowledge. Nongshu formed an organic part of Chinese agriculture and thus of Chinese economic history. Thus examination of the nongshu phenomenon leads to new insights into the sociopolitical structure and long-term economic development of pre-modern China. The examination also shows that Chinese technology in agriculture, the leading sector of the economy, did not completely stagnate.

"Beyond the Border" sets the lives and work of Huguenot goldsmiths in the context of the different societies in which they lived and worked. Distinguished international scholars explore the contributions of individual goldsmiths drawing on new research. Michele Bimbenet Privat examines the lives and work of Huguenot goldsmiths in France during times of tolerance of the Protestant religion in the 16th and 17th centuries. She explains how protestant craftsmen dominated regional centres but found establishing a presence in the metropolis more challenging. The influence of the Louis XIV style was greater on the leading Dutch goldsmiths in the late 17th and 18th centuries. In contrast to London, first generation Huguenot goldsmiths played only a minor role in their adopted cities of The Hague and Amsterdam. Those who settled in Berlin and Kassel, often from Metz in Northern France, made a greater impact through the purity of style in which they continued to work in the 18th century. Those who settled in the English speaking world benefited from ambitious patronage from noble and professional clients. Goldsmiths who settled in the American colonies had more in common stylistically with those who worked in Dublin and Cork. First generation Huguenot goldsmiths in London set the pace for the next generation which produced in Paul de Lamerie one of the most successful craft businesses of his generation. "Beyond the Border" explores the transatlantic links between the Huguenot goldsmiths who settled in Europe and America.

This book presents a great deal of new primary research on a wide range of aspects of early modern East Asia. Focusing primarily on maritime connections, the book explores the importance of international trade networks, the implications of technological dissemination, and the often unforeseen consequences of missionary efforts. It demonstrates the benefi ts of a global history approach, outlining the complex interactions between Western traders and Asian states and entrepreneurs. Overall, the book presents much interesting new material on this complicated and understudied period. .

In the twentieth century, the United States replaced the United Kingdom as the centre of both the output of economic literature and the international economy. Having examined the structure of influence within the Keynesian and the Anti-Keynesian Traditions, (volume 1 and 2), this volume, the third of the trilogy, focuses more directly on economists and it highlights a multi-layered structure of influence within the policy process. Unpublished archival evidence illuminates aspects of the process by which the USA emerged as a dominant player in the world economy. This volume will be of interest not just to economists but to historians and social scientists, and to anyone interested in this transformation in world history.

Socio-economic and political issues are dealt with selectively within a chronological historical framework, covering the dramatic colonial impact of 1940-60 until the present day. The state is examined from the point of view of social class as well as communalism, to explain the dominance of the ruling coalition over the 37 years since independence. The author argues that authoritarian-populism is the concept that best fits the apparent paradox of an enduring regime via the ballot box, and the extensive restrictions on the scope of democracy, particularly through the repressive apparatus of detention without trial. The underlying theme is a critique and explanation of Malaysia's human rights record.

The essaysthat comprise thisvolume were written over the period of some ten years, for different purposes and on different occasions, but they are unitedby a number of features, which this preface may serve to indicate. While the collection begins with a translation drawn from the fourth p- sentation of Hobbes's political thought, namely, the Latin Leviathan of 1668, after The Elements of Law (1640), De Cive (1642 and 1647) and the English Leviathan of 1651, the focus of the essays is largely on theEnglish version of his masterpiece of political philosophy. It isthe center of gravityinthe twenty eight years spanninghis departure from England for exile in France in 1640 till the publication in 1668 of the Latin Leviathan, withits lengthy and c- plex Appendix. The translation andintroduction of theAppendix, previously published, appears here with several revisions and additions, as does the essay 'Thomas Hobbes and the EconomicTrinity. ' A second feature common to these essays isthe deliberate attempttomake sense of thereligious elements inHobbes's thought, bothintheir own rightand inrelation to his politics and natural science. These themes are woven together in complex ways. For instance, objecting to the use of Greek philosophic language and concepts to interpret the doctrines of the Christian religion, he propounds what he takes to be a more thoroughly scriptural interpretation, in pursuit of the goal of demolishing the basis for anypower inthe state independent of thecivil sovereign.

Bernard Alford reviews the changing role, and diminishing influence, of Britain within the international economy across the century that saw the apogee and loss of Britain's empire, and her transformation from globe-straddling superpower to off-shore and indecisive member of the European Community. He explores the relationship between empire and economy; looks at economic performance against economic policy; and compares Britain - through and beyond the Thatcher years - with her European partners, America and Japan. In assessing whether Britain's economic decline has been absolute or merely relative, he also illuminates the broader history of the world economy itself.

The American political economist Henry George devoted his life to the single tax. Virtually forgotten today, his best seller "Progress and Poverty" influenced numerous people in the English-speaking world. His fame and fall were due to a temporary alliance with the American Irish Catholics who were agitating for the land war in Ireland and social change in their new homeland. So significant was this tidal wave of support that it swamped the American consciousness in the late 1870s and early 1880s including prelates of the Roman Catholic Church, some of whom were conservatively inclined. George astutely navigated the waters by working with the radical editor of "The Irish World", Patrick Ford. But then George made a politically awkward friendship with Father Edward McGlynn, an ardent supporter of modernism and the single tax, who was a constant irritant to the church hierarchy and subsequently excommunicated. The issues that McGlynn raised rocked the American Catholic Church and the Vatican itself. The counter-campaign waged by the church and devout Irish Catholics blocked McGlynn and put an end to George's fleeting success.

Focusing on England, this study reconstructs the centuries-long process of commercialization that gave birth to the modern market society. It shows how certain types of markets (e.g. those for real estate, labor, capital, and culture) came into being, and how the social relations mediated by markets were formed. The book deals with the creation of institutions like the Bank of England, the Stock Exchange, and Lloyd's of London, as well as the way the English dealt with the uncertainty and the risks involved in market transactions. Christiane Eisenberg shows that the creation of a market society and modern capitalism in England occurred under circumstances that were utterly different from those on the European continent. In addition, she demonstrates that as a process, the commercialization of business, society, and culture in England did not lead directly to an industrial society, as has previously been suggested, but rather to a service economy.

This is the first book to examine behavioral theories on social preference from institutional and philosophical perspectives using economic experiments. The experimental method in economics has challenged central behavioral assumptions based on rationality and selfishness, proposing empirical evidence that not only profit seeking but also social preferences matter in individuals' decision making. By performing distribution experiments in institutional contexts, the author extends assumptions about human behavior to understand actual social economy. The book also aims to enrich behavioral theories of economics directed toward institutional evolution.The author scrutinizes how specific institutional conditions enhance or mute individuals' selfish incentives or their fairness ideals such as egalitarian, performance-based, labor-value radicalism or libertarianism. From experimental results and their analysis, implications for actual problems in social economy and institutional change are derived: why performance-based pay often fails to promote workers' productivity; why labor wages decline whereas shareholder's values increase after financialization; and whether socially responsible investment can be a social institution for corporate governance.The book is also addressed to philosophers of social sciences interested in how experimental methods can contribute to developing cognition of human behaviors and be extended to social theories. Referring to behavioral theorists in the history of economic thought, the author discusses the meanings of experiments in the methodology of social sciences. She also proposes new ways of interpreting experimental results by reviving historic social theories and applying them to actual social problems.

The Communist Party dictatorships in Hungary and East Germany sought to win over the "masses" with promises of providing for ever-increasing levels of consumption. This policy-successful at the outset-in the long-term proved to be detrimental for the regimes because it shifted working class political consciousness to the right while it effectively excluded leftist alternatives from the public sphere. This book argues that this policy can provide the key to understanding of the collapse of the regimes. It examines the case studies of two large factories, Carl Zeiss Jena (East Germany) and Raba in Gyor (Hungary), and demonstrates how the study of the formation of the relationship between the workers' state and the industrial working class can offer illuminating insights into the important issue of the legitimacy (and its eventual loss) of Communist regimes.

The Fundamental Dynamic Effect on Reform and Opening in China is the seventh volume of the series China in the World. The year 2018 marks the fortieth year of China's reform and opening. China's reform and opening has involved many areas. This volume focuses on reform and opening's dynamic mechanisms, but it also touches on how to look at some of the problems that these dynamic mechanisms face today. The articles in this volume explore the driving force of China's reform and opening up from the perspective of institutional changes, such as the political economy of globalization and China's options in response to globalization's retrogression and the (re)construction of world order. What are the strategies for upgrading the competitiveness of an emerging major power? Why does world need a new concept of openness? What are the four major challenges for the world economy? How do Chinese scholars think in an "Anti-Globalization" environment?

Stemming from the idea that economics is a social science that tends to forget its own history, this refreshing book reflects on the role of teaching with historical perspectives. It offers novel ways of integrating the history of economics into the curriculum, both in history of economic thought modules and in other sub-disciplines. Coming from a wide diversity of experiences, the contributors explore the idea that studying the history of thought exposes students to pluralism, and that it is therefore an essential pedagogical tool. They also argue that this method of teaching will reveal the historical contextualisation of current theories and show how they are the results of a specific evolution within the discipline. Ultimately, this book demonstrates how some modules have successfully operationalized both the history of economic thought and the teaching of various sub-disciplines from a historical perspective. Teaching the History of Economic Thought will be invaluable and enlightening for teaching and learning institutes across the academic world, as well as for economists, heterodox economists in particular, and social scientists. Contributors include: R. Bellofiore, G. Friedman, S. Fuller, J. Halevi, C. Repapis, L.-P. Rochon, S. Rossi, D. Tavasci, L. Ventimiglia