Edges of Transatlantic Commerce in the Long Eighteenth Century examines and challenges the boundaries of the Atlantic in the eighteenth century, with a particular focus on commerce. Commerce as a keyword encompasses a wide range of documented and undocumented encounters that invoke topics such as shared or conflicting ideas of value, affective experiences of the emerging global system, and development of national economies, as well as their opponents. By investigating what gets exchanged, created, or obscured on the peripheries of transatlantic commercial relations and geography in the eighteenth century, the chapters in this collection reimagine the edge as a liminal space with a potential for an alternative historical and aesthetic knowledge. To ground this inquiry in a more material dimension, the chapters engage specifically with what is being exchanged, sold, or communicated across the Atlantic by exploring ideas that are being shaped, concealed, undermined, or exploited through intricate exchanges. With its contributions from multiple contexts and disciplinary perspectives, Edges of Transatlantic Commerce offers insights into relatively neglected aspects of the transatlantic world to cultivate the value that the edges allow us to conceive.

This monograph explores the economic consequences of the Cold War, a polarised world order which politicised technology and shaped industrial development. It provides a detailed archival-based history of the Finnish shipbuilding industry (1952-1996), which f lourished, thanks to the special relationship between Finland and the Soviet Union. Overall, it shows how a small country, Finland, gained power during the Cold War through international economic and technological cooperation. The work places Finland in a firmly international context and assesses the state-industry relationship from five different angles: technopolitics, trade infrastructure, techno-scientific cooperation, industrial reorganisation, and state aid. It presents a novel way to analyse industrialisation as an interaction between institutional stabilisation and f luctuation within a techno-economic system. In so doing, it makes empirical, theoretical, and methodological contributions to the history of industrial change. A History of Cold War Industrialisation will be of interest to advanced students and scholars in economic history, maritime history, Cold War history, and international political economy.

Within the theoretical framework of the trade-growth and structural transformation-growth nexuses, the book examines the evolution of African (goods and service) trade in terms of value and share of global commerce relative to other regions during the period 1948-2017. It also identifies and discusses discernible changes in the composition and structure of African exports and imports between 1995 and 2015 and their implications for economic development in Africa. The study attributes Africa's laggard trade performance during the period primarily to sub-optimal macroeconomic policies and lack of bold export development policies and initiatives, among other factors. It also offers an incisive discussion of several inhibitions to the structural transformation of African exports and imports, including lack of finance, globalization, tariff, and non-tariff measures in global markets. The discussion of the evolution of African trade during the period 1948-2017 based on statistics and publications of international organizations, including the UNCTAD, the World Bank, and the African Development Bank, among others, is the first of its kind in terms of scope and depth of review of African trade. The analyses of cross-border trade during 1948-2017 and their implications for Africa's economic development prospects constitute a useful reference material for academics and students of African and development studies and African and international policymakers.

There are many different types of convergence within economics, as well as several methods to analyse each of them. This book addresses the concept of real economic convergence or the gradual levelling-off of GDP (gross domestic product) per capita rates across economies. In addition to a detailed, holistic overview of the history and theory, the authors include a description of two modern methods of assessing the occurrence and rate of convergence, BMA-based and HMM-based, as well as the results of the empirical analysis. Readers will have access not only to the conventional econometric approach of convergence but also to an alternative one, allowing for the convergence issue to be expressed in the context of automatic pattern recognition. This approach is universal as it can be adapted to a variety of input data. The lowest aggregation level study investigates regional convergence through the case of Polish voivodships, where convergence towards the leader is tested. On a higher level of aggregation, the authors examine the existence of GDP convergence in such groups as the EU28, North Africa and the Middle East, sub-Saharan Africa, South America, Caribbean, South-East Asia, Australia and Oceania, or post-socialist countries. For each group, the real convergence is tested using the two above-mentioned approaches. The results are widely discussed, broadly illustrated, interpreted, and compared. The analysis allows readers to draw interesting conclusions about the causes of convergence or the drivers behind divergence. The book will stimulate further research in the field, but the research was conducted from the point of view of individual countries.

John Locke was one of the first shareholders of the Bank of England and participated in parliamentary debates surrounding its creation. He had a key role in the monetary reform of 1696. This book examines Locke's thought in relation to credit, banking regulation, the monetary and financial system, the gold standard and the principles of Natural Right. It also establishes a link between Locke's economic and financial ideas and his political philosophy. John Locke and the Bank of England will be of interest to advanced students and researchers of central banking, financial history, the history of economic thought and political economy.

Delving into the history of economic thought, this book presents a picture of the Mediterranean spirit of capitalism, a tradition that has its protagonists in Thomas Aquinas and the eighteenth-century civil economy, and seeks to understand its presence and relevance for contemporary societies. The book argues that it is reductive to attribute to the 'Protestant ethic' the different formations of capitalism in the Western world. Instead, it is vital to acknowledge the differences in the ways in which the market is lived, enterprises are created and conducted, and civic life in general is understood in different regions. This thought-provoking study demonstrates that in Southern Europe, the legacy of Aquinas and the civil economy adds different terms to those recurring in classical and neo-classical economy: common good, reciprocity, virtue, public trust, mutual assistance, and public happiness. It is these ideas of a market as a place for mutual assistance which can be said to characterize the Mediterranean spirit of capitalism. Thomas Aquinas and the Civil Economy Tradition will be of interest to advanced students and researchers in the history of economic thought, economic philosophy, Christian ethics, and moral theology.

Drawing on more modern expressions of economic analysis, this book explores the interplay between wellbeing, nature and moral values in economics. In standard accounts of economics, these three themes are typically treated in isolation from each other, or else overlooked entirely. This book argues that due to this blinkered approach, standard economic analysis is poorly equipped to deal with global contemporary challenges including climate change, biodiversity loss, sustainability, and the risk of pandemic diseases. The book reviews the economic literature to show that the last few decades has seen the re-insertion into economic analysis of human wellbeing, natural resources and moral values: three themes present in early economic thought that are highly relevant to the challenges ahead. The book argues for the greater integration of these three themes as the natural environment is crucial to human wellbeing, and moral values are essential for environmentally benign behaviors. The book also focuses on how specific moral values, identified by contemporary moral psychology, actually shape economic behavior rather than how abstract ethical principles they should shape economic behavior. The book will be of significant interest to readers in the economics and social sciences, particularly behavioral economics and social psychology.

Tax evasion, tax avoidance and tax resistance are widespread phenomena in political, economic, social and fiscal history from antiquity through medieval, early modern and modern times. Histories of Tax Evasion, Avoidance and Resistance shows how different groups and individuals around the globe have succeeded or failed in not paying their due taxes, whether in kind or in cash, on their properties or on their crops. It analyses how, throughout history, wealthy and poor taxpayers have tried to avoid or reduce their tax burden by negotiating with tax authorities, through practices of legal or illegal tax evasion, by filing lawsuits, seeking armed resistance or by migration, and how state authorities have dealt with such acts of claim making, defiance, open resistance or elusion. It fills an important research gap in tax history, addressing questions of tax morale and fairness, and how social and political inequality was negotiated through taxation. It gives rich insights into the development of citizen-state relationships throughout the course of history. The book comprises case studies from Ancient Athens, Roman Egypt, Medieval Europe, Early Modern Mexico, the Ottoman Empire, Nigeria under British colonial rule, the United Kingdom of the early 20th century, Greece during the Second World War, as well as West Germany, Switzerland, Sweden and the United States in the 20th century, including transnational entanglements in the world of late-modern offshore finance and taxation. The authors are experts in fiscal, economic, financial, legal, social and/or cultural history. The book is intended for students, researchers and scholars of economic and financial history, social and world history and political economy. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Share Alike 4.0 license.

In the nineteenth century, the Netherlands and its colonial holdings in Java were the sites of dramatically increased industrialization. Led by a group of "merchant kings" who exemplified gentlemanly capitalism, this ambitious trading project transformed the small, economically moribund Netherlands into a global power. Merchant Kings offers a fascinating interdisciplinary exploration of this episode and reveals not only the distinctive nature of the Dutch state, but the surprising extent to which its nascent corporate innovations were rooted in early welfare initiatives. By placing colony and metropole into a single analytical frame, this book offers a bracing new approach to understanding the development of modern corporations.

A Democracy That Works argues that rather than corporate donations, Republican gerrymandering and media manipulation, the conservative ascendancy reflects the reconstruction of the rules that govern work that has disempowered workers. Using six historical case studies from the emergence of the New Deal, and its later overtaking by the conservative neoliberal agenda, to today's intersectional social justice movements, Stephen Amberg deploys situated institutional analysis to show how real actors created the rules that empowered liberal democracy for 50 years and then how Democrats and Republicans undermined democracy by changing those rules, thereby organizing working-class people out of American politics. He draws on multidisciplinary studies to argue that when employees are organized to participate at work, they are also organized to participate in politics to press for accountable government. In doing so, the book opens up analytical space to understand the unprecedented threat to liberal democracy in the U.S. A Democracy That Works is a fresh account of the crisis of democracy that illuminates how historical choices about the role of workers in the polity shaped America's liberal democracy during the 20th century. It will appeal to scholars of American politics and American political development, labor and social movements, democracy and comparative politics.

The views of Thomas Robert Malthus (1766-1834) on population, first published in his Essay on the Principle of Population, 1798, continue to be hotly debated, either acclaimed or opposed, as do his views on macroeconomics. There is a widely held view that his macroeconomics lacks coherence and is merely a collection of isolated jottings. This book challenges this view; it presents textual evidence that Malthus's macroeconomics constitutes a significant system of thought with considerable academic merit. It reawakens debate about the relative merits of Malthus and Ricardo as macroeconomists and contends that Malthus offers important macroeconomic ideas and policy proposals relevant to modern economic problems. It presents and analyses Malthus' ideas on topics such as the determinants of aggregate economic growth; the causes of general depression; the remedies for mass unemployment; the balance between laissez-faire and government intervention; the optimum division of expenditure between consumption, saving, and investment; the distribution of income between wages, profits, and rents; and the degree of economic inequality. Particular emphasis is given to his view that the pattern of distribution of wealth between the upper, lower, and middle classes is a major determinant or factor in the production of wealth, and that continued economic development depends on the growth of a large and affluent middle class. The radical nature of some of his ideas and policy proposals on the ownership and distribution of land is highlighted. An extensive treatment of Say's Law, incorporating aspects of the correspondence between Say and Malthus, addresses the question of whether Malthus showed that Say's Law is merely a truism and lacks any scientific relevance. The book also sheds new light on the nature of the influence of Malthus on Keynes. This combination of a search for textual authenticity and a critical assessment of the views of commentators on Malthus will be of significant interest to students and scholars of economic theory and the history of economics.

The volume deals with the main problems faced by capitalist economies, inflation and unemployment, in a new and original way, and provides the theoretical foundations for quantum macroeconomic analysis. Its aim is to allow English-speaking economists and interested readers to have a direct access to the analysis provided by Schmitt in his 1984 book Inflation, chomage et malformations du capital. Orthodox economics has failed to provide a consistent insight of the pathologies hindering our economies, and both the academic and the economic worlds are much in need for an alternative approach capable to explain the origins of these pathologies and how they can eventually be disposed of. Schmitt's volume provides a revolutionary explanation of the cause of today's economic disorder as well as an innovative solution allowing for the passage from disorder to order. Neoclassical and Keynesian theories of any type are essentially based on equilibrium analysis and this is why none of them has ever been able to provide a consistent macroeconomic analysis based on macroeconomic foundations. This is what Schmitt's book aims for: developing a new analysis built on identities rather than conditions of equilibrium, capable to explain the objective origins of inflation and unemployment. In this volume, Schmitt introduces a new, revolutionary analysis centred on the concept of quantum time. The topics analysed by Schmitt cover the entire field of national macroeconomics, from production to capital accumulation, the leading role in this ground-breaking investigation being played by what he calls the theory of emissions. The ensuing macroeconomic theory is built on a set of laws derived from the monetary nature of our economic systems and defines the logical framework of inquiry into modern macroeconomics.

This book examines the history of what became one of Portugal's largest banks, the Caixa Geral de Depositos. The bank was founded in 1876 by the state to run public deposits, and evolved into a savings bank, catering for both public and private deposits. Its history goes beyond the history of banking, as it ties in with the role of the state in the banking sector and financial markets. The book weaves in and out of different political and international contexts, following the many changes of the Portuguese political regime and of its interactions with the national and international economy. The most important lesson from the study is that publicly owned institutions can compete successfully with the private sector when they simultaneously cater for the interests of policy makers as well as those of the public, in this case, the depositors. The history of the Caixa Geral de Depositos therefore shows how the state of a peripheral economy is capable of successfully managing a large financial institution when the right set of incentives is in place. This work will be a valuable resource for researchers and students of financial and economic history at both the advanced undergraduate and postgraduate levels. It will also provide interesting insights for practitioners in the financial sector.

This groundbreaking series brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and each volume focuses on those Laureates working in the same broad area of study. The careful selection of papers within each volume is set in context by an insightful introduction to the Laureates? careers and main published works. This landmark series will be an essential reference for scholars throughout the world.

Corporate governance is not just about models of best practice organisation or prescriptions following laws or social conventions. Corporate governance is also about persons of power seeking performance, and they do so in ways that transcend structures and pre-conceived notions of the structural set-up of the business. This book emphasises the decision-making dimensions of corporate governance, placing it right in the messy middle of the ever-changing world of capitalism, focussing on the interplay between professional managers and shareholders. This book aims to bring together several fresh perspectives on the development of capitalism seen through the lens of corporate governance. It illustrates the role of intentionality and persons, both as a method with which to understand processes of change, but also as a principle with which to seek a deeper understanding of the corporate governance choices made. It will be of interest to researchers, academics and students in the fields of corporate governance and entrepreneurship, as well as practitioners and other audience interested in the evolution of capitalism and corporate culture.

This book explores the roles played by entrepreneurship and multinational enterprises in the development of the modern global world. Through a combination of new and previously published essays charting business developments from the nineteenth century onward, the author demonstrates how multinational corporations have driven globalization through the transfer of innovation and cultural values. The chapters include studies of global industries and major corporations, including Beiersdorf and Unilever, and explore economic and corporate development in specific countries, such as India, Iran and Turkey. Merging rich historical evidence with discussion of the current state of global business, this book reveals how examining entrepreneurial activity and multinational strategies deepen explanations of historical and global patterns of wealth and poverty. It offers compelling new perspectives on current debates about globalization from one of the most prominent scholars in the field of business history. This volume will appeal to students and professors of economics, entrepreneurship, international business and history as well as anyone with an interest in understanding the past, present and future of globalization.

In the early 1920s, in many a sawmill town across the South, the last quitting-time whistle signaled the cutting of the last log of a company's timber holdings and the end of an era in southern lumbering. It marked the end as well of the great primeval forest that covered most of the South when Europeans first invaded it. Much of the first forest, despite the labors of pioneer loggers, remained intact after the Civil War. But after the restrictions of the Southern Homestead Act were removed in 1876, lumbermen and speculators rushed in to acquire millions of acres of virgin woodland for minimal outlays. The frantic harvest of the South's first forest began; it was not to end until thousands of square miles lay denuded and desolate, their fragile soils -- like those of the abandoned cotton lands -- exposed to rapid destruction by the elements. With the end of the sawmill era and the collapse of the southern farm economy, the emigration routes from the South to the industrial cities of the North and Midwest were thronged with people forced from the land. Yet in the first quarter of this century, even as the destruction of forest and land continued, a day of renewal was dawning. The rise of the conservation movement, the beginnings of the national forests, the development of scientific forestry and establishment of forest schools, the advance of chemical research into the use of wood pulp -- all converged even as the 1930s brought to the South the sweeping reclamation programs of the Civilian Conservation Corps and the Tennessee Valley Authority; in their wake came a new generation of wood-using industries concerned not so much with the immediate exploitation of timber as with the maintenance of a renewable resource. In The Greening of the South, this dramatic story is told by one of the participants in the renewal of the forest. Thomas D. Clark, author of many books about southern history, is also an active timber producer on lands in both Kentucky and South Carolina

A Land of Dreams, first published in 1993, explores two events in recent English history: the settlement of East European Jews in the East End of London, and the growth of an African-Caribbean community in Birmingham. It is an ethnographic study of two first-generation migrant communities, built upon the experiences of the migrants themselves. It focuses on the stories of their migration and their early days in England, and in particular, upon the stories of their working lives and their everyday struggles in their new land. Placing two studies side by side exposes the quite different social and economic conditions which confronted the two groups of migrants upon arrival in England.

Lost Illusions, first published in 1988, analyses the differing experiences of Caribbean migration to Britain and the Netherlands, both from the perspectives of the countries and from the migrants themselves. The editors have compiled a volume of in-depth articles from experts from Britain and the Netherlands to provide an essential examination of Caribbean migration to two different European countries in the 1970s and 1980s.

Minorities in the Open Society (1986) challenges optimistic assumptions regarding race relations in western nations, namely that social justice will prevail without much effort. It examines the interests behind public affirmations of commitment to integration, and presents a range of contemporary and historical material which illustrate the double-binds created for minorities by the dominant communities, who offer equality with one hand while obstructing it with the other. Individual members of minorities may be given the opportunity to achieve social prominence - but only to carry out special jobs on behalf of the majority.

Cultural Conflict and Adaptation (1990) examines the alienation and cultural conflicts faced at school by the children of a small group of Hmong who have settled in La Playa, California. The educational process for these children is an example of cultural conflict and adjustment patterns which may be found in many other populations in the world.

The Americanization Syndrome (1987) examines the historical role of education in the process of 'Americanization'. It argues that beginning with seventeenth century puritan leaders such as John Winthrop and Cotton Maher, the pattern of American education has been not the promotion of a blend of different cultures but the indoctrination of norms of belief of religion, politics and economics and an explicit discouragement of cultural variety. It traces the political role of education at key junctures of American history - after Independence, in the reconstruction of the South after the Civil War, in the establishment of settlement houses and the use of scientific management techniques by employers. The author focuses on the period 1900-1925 when new waves of immigrants from southern and eastern Europe led to a new drive for orthodoxy.

The Absorption of Immigrants (1954) examines the assimilation of immigrants in the Yishuv (the Jewish Community in Palestine) and in the State of Israel. It provides a historical analysis of the social structure of the Yishuv and of the development of the new Israeli society. The book also applies the general framework to the analysis of some main types of modern migrations and a series of tentative conclusions is given which may serve as detailed hypotheses for subsequent inquiries. In this way a comparative study of different types of migrations and absorption of immigrants is built up, and an objective evaluation can be made of the place of an Israeli Society among other communities, and their special ways of absorbing new immigrants.

One Way Ticket (1983) examines the 'hidden armies' of migrant women workers who have since the 1950s fulfilled a demand for low-skilled, low paid and insecure work in both the formal and informal economies of Western Europe. It presents a new focus for the examination of labour migration and of the specific character of female employment. It looks at the relationship between motherhood, waged work and ethnicity; the position of a second generation of black women workers; and the oppression and exploitation of migrant women by their male counterparts through the creation of 'ethnic' economies.