This is a collection of essays by leading historians of early modern Europe and the US. The book explores how merchants, entrepreneurs, and other early modern capitalists viewed themselves.

Following the 2010 earthquake catastrophe, this book examines the economic and political challenges facing Haiti. It presents an overview of the country's economic history, and seeks new prospects for economic growth and development in the future.

From long, first-hand experience as president of his own financial advertising agency, Alec Benn offers a unique, inside look at America's investment community, at a time of changes so profound that their impact and implications are still with us. Based not on public relations handouts (although he himself has written them) but on frank, revealing talks with people who actually participated in the events of those tumultuous seven years, on official oral histories (hitherto concealed), and on his own keen observations, Benn shows how those events and changes really occurred. He reveals that The New York Stock Exchange (NYSE) was in far greater peril of collapse in 1970 than anyone, except a few insiders, has ever known. He exposes how many of the most significant changes ever to affect investors really came about. And he provides new insights into the people who caused, influenced, or sometimes opposed the reforms we now take for granted, as well as into the impact of historical figures such as Richard Nixon and Ross Perot. Informative, entertaining, and impeccably researched and documented, Benn's book gives us new information to help evaluate the investment world of today, and to appreciate how dangerous it was at another time, a time that some say appears uncomfortably familiar.

Among the many topics Benn examines in depth is the creation of the Securities Investors Protection Corporation, the agency that insures against loss of the cash and securities left by investors in their brokers' hands. He shows how stock brokers' commissions came to be competitive and low, instead of fixed and high (a special benefit for today's day traders), and how members of The New York Stock Exchange became able to sell shares in their firms to the general public, opening a bountiful source of permanent capital. He goes on to cover the creation of the Central Certificate System, which led to a dramatic increase in trading volume later, and how the NYSE was reorganized, benefiting not only members but investors as well. Benn also explores how NYSE member firms became authorized to sell annuities and other insurance products, in itself a billion-dollar business. Finally, in an especially telling chapter, he discusses how and why discrimination on Wall Street based on class, religion, race, and gender declined (and by inference, why in some places it still lingers.)

Risky Markets explores a crucial moment in the history of insurance, when tools designed to tackle sea risks were in their first making. Renaissance Florence is the setting for one of the first attempts to develop a market specialized in protecting maritime trade. Drawing on a unique collection of sources, the book provides a wide ranging account about the players, institutions, business practices and organizations of the insurance business, shedding light on the forecasting techniques underwriters used. Ceccarelli shows that the market was a small club where trust relations and shared codes of conduct prevail over competition. In a world without probability this was the way by which a business community managed transforming uncertainty into a calculable risk.

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.

This book explores the causes and nature of the industrial revolution through a comparative study of the main wool textile manufacturing regions of England. Based on extensive archival research and including several new or little-known sources, it addresses many of the current debates in economic history and eighteenth-century studies by examining how the interplay between merchants, markets, and producers shaped the pace and character of economic growth during the eighteenth century. Particular attention is paid to the rapid growth of product innovation and the export trade as both of these factors affected evolving structures of marketing and production.

Historical analysis of the German Democratic Republic has tended to adopt a top-down model of the transmission of authority. However, developments were more complicated than the standard state/society dichotomy that has dominated the debate among GDR historians. Drawing on a broad range of archival material from state and SED party sources as well as Stasi files and individual farm records along with some oral history interviews, this book provides a thorough investigation of the transformation of the rural sector from a range of perspectives. Focusing on the region of Bezirk Erfurt, the author examines on the one hand how East Germans responded to the end of private farming by resisting, manipulating but also participating in the new system of rural organization. However, he also shows how the regime sought via its representatives to implement its aims with a combination of compromise and material incentive as well as administrative pressure and other more draconian measures. The reader thus gains valuable insight into the processes by which the SED regime attained stability in the 1970s and yet was increasingly vulnerable to growing popular dissatisfaction and economic stagnation and decline in the 1980s, leading to its eventual collapse.

"Contrary to the doomsayers, Wegren finds a great deal of social change in the Russian countryside. This in-depth and very carefully crafted research project, covering more than fifteen years, shows that if we look at the actual behavior of farm managers and ordinary rural residents they are reacting to reform much like we would expect rational actors to do. This work provides us with some genuine hope for the future of rural Russia."--David J. O'Brien, Professor of Rural Sociology, University of Missouri-Columbia
"This is an ambitious and critically important reconceptualization of traditional theories of rural change and overturns our understanding of agrarian reform in Russia today. Rejecting conventional views of peasants and rural dwellers as isolated, conservative, collectivist, and anti-market, Wegren finds them to be individualistic, "rational," adaptive, even opportunistic, and, when historical circumstances or government reformers have offered economically realistic alternatives and incentives, very willing to take advantage of market-oriented possibilities. He demonstrates not only that contemporary reform has produced significant, market-oriented changes in the contemporary Russian countryside but also that actual outcomes have diverged markedly from the expectations of both government and observers, so much so, indeed, that he considers Russia's future agricultural development to lie with the reconstructed collective and state farms. All subsequent students of these subjects will, perforce, have to take notice of this compelling work."--David A.J. Macey, Middlebury College

The authors explore cases in the 18th, 19th, 20th, and 21st centuries in which international exchanges of ideas about taxation have significantly influenced the development of national fiscal systems. Today many intense transfers of ideas about taxation take place through international organisations such as the IMF and the Worldbank. These transfers build on a long historical continuity of exchanges of fiscal ideas. International exchanges of ideas were already part of the development of modern fiscal systems in Europe in the 18th. Exchanges were also crucial in the colonial empires of the nineteenth and twentieth century and in the period of reconstruction after World War II.

This book clarifies the quantitative relationship between time, money, and labor productivity from the perspective of Marxian labor theory of value. The book is divided into four main parts. Part I introduces the relationship between time and money in the context of Marxian value theory. Part II explores the theory of labor exploitation. Part III turns to analysis of the rate of profit, which is a primary characteristic of classical and Marxian economics. Part IV is devoted to suggesting a new research direction in light of the main conceptual innovation of the book.

Fifty years after the formation of the Federal Republic and a decade after German unification, we stand on the cusp of a new century and a new millennium of German history. At the same time EMU marks a giant stride towards European integration and the end of the Deutschmark. In this book, leading international scholars reflect on the dramatic transformations of Germany's past and on Germany's future prospects. Post-war democratic and economic renewal is set in the context of continuing debates about German identity. There are assessments of all major leaders, parties and ideologies; of the still unfinished agenda of integrating East and West; of how the next generation of German leaders will interact with ageing governmental structures; of the Bundesbank and the successes and failures of economic policy, the trade unions and the media; and of Germany's emerging new role in Europe and the world.

This research review includes classic works on the theoretical foundations of entrepreneurship research and provides important groundwork for future investigations. Professor Landstrom and Professor Lohrke have carefully selected the seminal, currently relevant and, in many cases, difficult-to-access studies within the field, covering the entrepreneurial processes of opportunity recognition, evaluation and exploitation. Reflecting the heavily interdisciplinary nature of the research, many of the papers have a basis in the spheres of economics, social sciences and strategic management.

Over 8,200 large city fires broke out between 1000 and 1939 CE in Central Europe. Prometheus Tamed inquires into the long-term history of that fire ecology, its local and regional frequencies, its relationship to climate history. It asks for the visual and narrative representation of that threat in every-day life. Institutional forms of fire insurance emerged in the form of private joint stock companies (the British model, starting in 1681) or in the form of cameralist fire insurances (the German model, starting in 1676). They contributed to shape and change society, transforming old communities of charitable solidarity into risk communities, finally supplemented by networks of cosmopolite aid. After 1830, insurance agencies expanded tremendously quickly all over the globe: Cultural clashes of Western and native perceptions of fire risk and of what is insurance can be studied as part of a critical archaeology of world risk society and the plurality of modernities.

Written during the early 1920s, at a time when Europe was still recovering from the catastrophe of the First World War, L.V. Birck's The Scourge of Europe examines the economic issues surrounding the existence of public debt, its history, and possible approaches to problems associated with public debt as they were being pursued by the great powers of the time. Birck's analysis contains a rigorous theoretical exposition and explanation of public debt as it was understood in the crucial period leading up to the Great Depression. This is then followed by an insightful exploration of the role of public debt in European financial and economic history. Finally, some reflections on the policies of England, the United States, France and Germany in the latter part of the nineteenth and early-twentieth centuries are included. This book will appeal to economic and financial historians, as well as to those generally interested in European policies towards debt from the Middle Ages to modern times.

The main focus of this edited volume is an examination of dynamic relationships among Japan, Taiwan, Korea, and the northeastern region of China, and the economic development of each area in East Asia from the 1910s to the end of World War II. The development of foreign trade in East Asia, the relations between industrialization and consumption in Korea, the transactions in fertilizers and the development of small-scale industries in Taiwan are precisely examined. At present, East Asia is a major economic center of the world. It is necessary to look closely not only at both sides of the "exploitation or development under colonization" paradigm but also at the prewar factors that spurred East Asian economic growth in the postwar decades. A noteworthy characteristic of the Japanese colonial empire was the close economic and geographic relations among Japan, Taiwan, Korea, and the northeastern region of China. Economic integration within the empire strengthened considerably in the interwar years and remained high even during the war as compared to that in European countries and their colonies. What was the irreversible change in each colonial economy by means of forced incorporation into the Japanese empire? What was the impact on economic subjects such as merchants, manufacturers, managers, and workers through the colonial regime? This book provides readers with broad perspectives that are indispensable given that the factors discussed herein are the historical origins of current issues.

While contemporary academia has successfully exposed the negative effects of power - wars, expansionism, ideological impositions, exportation of domestic economic constraints - less attention is paid to the legitimacy of power exercised exclusionarily to reward only allies, even if not aggressively aimed to harm others. This book explores the exclusionary dimensions of the postwar liberal economic system created under US hegemonic leadership, limitations which deny the US-led postwar economic liberalism legitimacy as a public good and undermined its efficacy.

The Irish Famine of 1845-49 was a major modern catastrophe. The return of the potato blight in 1846 triggered a huge exodus of destitute Irish seeking refuge in British towns and 1847 witnessed an unprecedented inflow of Irish refugees into Britain. This book examines the scale of that refugee immigration, the conditions under which the refugees were carried to Britain, the relief operations mounted, the horrors of the typhus epidemic in Liverpool, Glasgow, Manchester, South Wales and the North-East, and the financial cost to the British ratepayers.

Ernest Aves (1857-1917) was an influential social analyst and civil servant. This title, first published in 1907, during Aves' work for the Board of Trade, investigates the different forms of industrial co-operation within Britain; the fundamental principle of this is stated as "equitable association", leading to increased profitability and the strengthening of industry. Chapters discuss such areas as centralisation, co-operative production and co-operative agriculture. This interesting reissue will be of particular value to students of economics with an interest in co-operative industry and the history of economic thought.

Focusing on the hybrid maritime world of Hong Kong, Pearl River Delta and West River in the last two decades of the late Qing period, this work tells a vivid trading and competition story of previously unknown private Chinese traders and junk masters. This challenges the prevailing view of the domination of China's maritime trade by modern foreign steamships. Making use of unpublished Kowloon Maritime Customs and British diplomatic records in the late 19th and early 20th century, Henry Sze Hang Choi convincingly shows how these private Chinese traders flexibly adopted to the foreign-dominated maritime customs agencies and treaty port system in defending their Chinese homeland stronghold against the invasion of foreign economic power.

The 'Land Question' occupied a central place in political and cultural debates in Britain for nearly two centuries. From parliamentary enclosure in the mid-eighteenth century to the fierce Labour party debate concerning the nationalisation of land after World War II, the fate of the land held the power to galvanize the attention of the nation.

Joan Robinson is widely considered to be amongst the greatest economists of the 20th Century. This book provides a comprehensive study of her life and work, examining her role in the making of The General Theory, her critical interest in Marxian eocnomics, her contributions to Labour Party policy and her writings on development, especially China.

Recent work on the history of migration and the Atlantic World has underscored the importance of the political economies of Europe, Africa, and the Americas in the eighteenth century, emphasizing the impact of these exchanges on political relations and state-building, and on economic structures, commerce, and wealth. Too little of this work explores culture and identity outside the Anglo-American context, especially as reflected through religious developments of radical Pietists and other Germans, the second largest group of migrants to the American colonies in the eighteenth century.

This volume offers a fresh vantage point from which to examine the Atlantic World. Quick to traverse the conventional political boundaries that divided European states and American colonies, Moravians departed their homeland to form new congregations in the most cosmopolitan European cities as well as on the North American frontier. Pious Pursuits explores the lives and beliefs of Atlantic World Moravians, as well as their communities and culture, and it provides a new framework for analysis of the Atlantic World that is comparative and transnational.

Michele Gillespie is Kahle Associate Professor of History at Wake Forest University. She received her Ph.D. from Princeton University, and is the author of numerous publications including "Free Labor in a Free World: White Artisans in Slaveholding Georgia, 1790-1860."

Robert Beachy is Associate Professor of History at Goucher College. He received his PhD from the University of Chicago and is the author of "The Soul of Commerce: Credit, Property, and Politics in Leipzig, 1750-1840." His current book project is "Berlin: Gay Metropolis, 1860-1933."

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 is 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.