How did Einstein help create Eskom? Why can an Indonesian volcano explain the Great Trek? What do King Zwelithini and Charlemagne have in common?

These are some of the questions Johan Fourie explores in this entertaining, accessible economic history spanning everything from the human migration out of Africa 100 000 years ago to the Covid-19 pandemic. Our Long Walk to Economic Freedom is an engaging guide to complex debates about the roots and reasons for prosperity, the march of opportunity versus the crushing boot of exploitation, and why the builders of societies – rather than the burglars ¬– ultimately win out.

Join the author on this enriching journey through an African-centred history and the story of our long walk towards a brighter future.

Why do the Japanese play rugby? How did Einstein help create Eskom? Who is the richest man in history?

Johan Fourie explores these questions and many more in this revised and expanded second edition of his bestseller ​Our Long Walk to Economic Freedom – an entertaining, accessible economic history spanning everything from the human migration out of Africa 100 000 years ago to the present. This enriching journey through an African-centred history reveals the roots and reasons for prosperity.

Why does one group flourish, but another continues to struggle? Do we have better lives than our ancestors? Fourie shows in his unique and engaging style why the builders of societies – rather than the burglars – ultimately win.

You’ll never think of flying in South Africa in the same way again.

This is an insider’s tale of the South African airline industry over the past thirty years, as told by Glenn Orsmond, and particularly the story of the dramatic collapse of Comair in 2022.

Orsmond, who was twice the CEO of Comair and the founder CEO of 1time, takes the reader on a wild ride through the ultracompetitive sector of low-cost airlines that boomed in this country after South African Airways’ stranglehold on the skies was loosened in the 1990s. Comair – which operated both Kulula and British Airways – and 1time were at the forefront of this new wave of airlines that saw domestic flying and tourism take off.

But after some incredible highs and lows, Comair crashed under Orsmond’s watch despite the company’s 75-year unblemished profit history. The pandemic’s impact, the grounding of aeroplanes after a questionable regulator investigation and poor management decisions all contributed to its downfall.

You can expect tales of industry legends and innovation but also of competitors trying to gut each other, battles between pilots and accountants, unions and bosses at loggerheads, and warfare between shareholders and directors in boardrooms.

Brazil, Russia, India, China, South Africa (BRICS) nations have become a strong engine of South-South Cooperation. The most significant outcome of the emergence of BRICS is the shift they have brought to the balance of power in global affairs. The past decade has steadily accelerated commercial and strategic engagements between BRICS and Africa. The BRICS countries constitute Africa’s largest trading partners and new investors. BRICS has nourished Africa’s economic emergence and elevated the continent’s contemporary global positioning. This book seeks to determine the potential of BRICS-Africa cooperation in promoting African development.

Some of the critical issues in this book include the following: a) What will be the impact of intra-BRICS and BRICS–Africa cooperation and partnerships, mainly through the New Industrial Revolution, financial technologies, infrastructure, economic growth and development in health; b) Determine the relevance of the BRICS New Development Bank in the post-COVID era; c) Examine the governance and accountability mechanisms required to entrench BRICS governance cooperation with the continent, and e) Determine strategies that address gender developmental disparities and inequalities in BRICS and Africa.

This book consists of five sections, preceded by an introduction and later at the end of the chapters, a conclusion. The five mentioned sections respond to the 2020 12th BRICS Summit, ‘Global Stability, Shared Security, and Innovative Growth thematic thrusts.

After state capture, South Africa is f*cked and not in a good place. The system is down so how do we reboot?

We aren’t the first country to find itself in a difficult spot so we can ask ourselves why have some countries been successful and others not so much? How can South Africa pick itself up to become a thriving state? Roy Havemann answers these questions in this engaging, accessible book and argues that right now we need to focus on six basics: Eskom, Education, the Environment, Exports, Equality and Ethics.

It’s time to stop raking over the coals of who is to blame for our problems and focus on the future, looking at how other countries have overcome challenges similar to ours and how we can practically implement a set of policies that will get South Africa back on track.

The ANC has ruled South Africa for three decades during which time the country has gone from the promise of the Rainbow Nation to disfunction and despair. In The Super Cadres, bestselling author Pieter du Toit examines this legacy from the early halcyon days through to the disappointment of the Ramaphosa presidency.

Du Toit asks key questions before coming to a critical observation and a damning conclusion:

• What was the state of the ANC when it took power?
• Was ANC failure inevitable? Did they inherit a country so stricken by apartheid that success was impossible?
• When did the first signs of misrule and corruption occur?
• How did each of the presidencies perform, from Mandela to Ramaphosa? What role did each play in the road to failure?
• What was President Cyril Ramaphosa doing to stop state capture while he was deputy president?

Du Toit concludes that at the very centre of ANC – and thus state - failure is ‘cadre deployment’ which the ANC adopted as official party policy under President Thabo Mbeki. He shows how, over time, the appointment of cadres at every level of government inevitably led to the (con)fusion of party and state, the spread of incompetence, and the dire corruption that ate into every part of the country once Jacob Zuma took over.

Harry Oppenheimer, the international gold-and-diamond magnate, presided over the corporate dynasty of Anglo American and De Beers for more than 25 years. Yet, two decades after his death, the Oppenheimer empire is no more. As the political opposition’s key financial backer, the founder (along with Anton Rupert) of the Urban Foundation after the Soweto uprising in 1976, and a ubiquitous philanthropist, Oppenheimer helped propel the process of reform.

Nevertheless, in some quarters he is demonised as the archetype of ‘white monopoly capital’ and scapegoated, along with Nelson Mandela, for the country’s disappointing democratic dividends. In the first, full-scale biography of Oppenheimer, based on unrestricted access to his subject’s private papers and extensive interviews with family members and close associates, Michael Cardo eschews both the corporate hype and the political propaganda to produce a vivid, fully-rounded portrait.

He brings to life the places, people, events and relationships that shaped Harry Oppenheimer’s long and rich career at the intersection of business and politics. Cardo also tackles thorny questions of legacy and Oppenheimer’s complicity with the oppressive racial order of the past.

Making a Life: Young Men on Johannesburg’s Urban Margins explores the dynamic everyday life-making strategies of young men in Zandspruit, a sprawling informal settlement on the outskirts of Johannesburg. In many ways, Zandspruit typifies the precariousness of life in South Africa, where two-thirds of young people lack waged employment. However, rather than seeing Zandspruit as dumping ground, Hannah J. Dawson calls for an integrated understanding of the complex linkages between people’s lives and livelihoods, and the multifaceted sociopolitical landscape of urban settlements.

Based on 14 months of ethnographic research, Dawson investigates how social belonging, identity and economic realities intertwine in informal settlements like Zandspruit. This approach not only challenges conventional approaches to studying work; it also questions the increasingly prevalent perspective that romanticises the adaptive survival strategies of the urban poor. By exploring the intricate connections between those with and without waged employment, the author shows how young men manage complex social, political and economic conditions.

Making a Life offers insights into issues such as urban work, citizenship, un(der) employment and inequality in South Africa. At the same time, it contributes to a global understanding of how young people – men especially – manage economic uncertainty.

With M-Net, Koos Bekker convinced the business world he had the magic touch. But it was only the start of an entrepreneurial journey that would bring him immense wealth.

Bekker swept in at Naspers, transforming an Afrikaans printer into a global technology giant, earning investors trillions and himself a good few billion. But how? What were the methods employed by this boerseun from Heidelberg?

Financial journalist TJ Strydom distils it down to 15 steps, each calculated and effective, sketching out the winning ways of the elusive media mogul. Bekker often gets the credit for the investment in China’s Tencent, a single punt that rivals South Africa’s entire mining sector in the wealth it created this century. But should he be the one lauded for this achievement?

Visionary Oxford professor Ian Goldin and The Economist's Tom Lee-Devlin show why the city is where the battles of inequality, social division, pandemics and climate change must be faced.

From centres of antiquity like Athens or Rome to modern metropolises like New York or Shanghai, cities throughout history have been the engines of human progress and the epicentres of our greatest achievements. Now, for the first time, more than half of humanity lives in cities, a share that continues to rise. In the developing world, cities are growing at a rate never seen before.

In this book, Professor Goldin and Tom Lee-Devlin show why making our societies fairer, more cohesive and sustainable must start with our cities. Globalization and technological change have concentrated wealth into a small number of booming metropolises, leaving many smaller cities and towns behind and feeding populist resentment. Yet even within seemingly thriving cities like London or San Francisco, the gap between the haves and have-nots continues to widen and our retreat into online worlds tears away at our social fabric. Meanwhile, pandemics and climate change pose existential threats to our increasingly urban world.

Professor Goldin and Tom Lee-Devlin combine the lessons of history with a deep understanding of the challenges confronting our world today to show why cities are at a crossroads – and hold our destinies in the balance.

Here is a fascinating compact history of Chinese political, economic, and cultural life, ranging from the origins of civilization in China to the beginning of the 21st century. Historian Paul Ropp combines vivid story-telling with astute analysis to shed light on some of the larger questions of Chinese history. What is distinctive about China in comparison with other civilizations? What have been the major changes and continuities in Chinese life over the past four millennia? Offering a global perspective, the book shows how China's nomadic neighbors to the north and west influenced much of the political, military, and even cultural history of China. Ropp also examines Sino-Indian relations, highlighting the impact of the thriving trade between India and China as well as the profound effect of Indian Buddhism on Chinese life. Finally, the author discusses the humiliation of China at the hands of Western powers and Japan, explaining how these recent events have shaped China's quest for wealth, power and respect today, and have colored China's perception of its own place in world history.

This volume illuminates and critically assesses Paul A. Samuelson's voluminous and groundbreaking contributions to the field of economics. The volume includes contributions from eminent scholars, including six Nobel Laureates, covering the extraordinary depth and breadth of Samuelson's contributions.

The City: A World History tells the story of the rise and development of urban centers from ancient times to the twenty-first century. It begins with the establishment of the first cities in the Near East in the fourth millennium BCE, and goes on to examine urban growth in the Indus River Valley in India, as well as Egypt and areas that bordered the Mediterranean Sea. Athens, Alexandria, and Rome stand out both politically and culturally. With the fall of the Roman Empire in the West, European cities entered into a long period of waning and deterioration. But elsewhere, great cities-among them, Constantinople, Baghdad, Chang'an, and Tenochtitlan-thrived. In the late Middle Ages and the Early Modern period, urban growth resumed in Europe, giving rise to cities like Florence, Paris, and London. This urban growth also accelerated in parts of the world that came under European control, such as Philadelphia in the nascent United States. As the Industrial Revolution swept through in the nineteenth century, cities grew rapidly. Their expansion resulted in a slew of social problems and political disruptions, but it was accompanied by impressive measures designed to improve urban life. Meanwhile, colonial cities bore the imprint of European imperialism. Finally, the book turns to the years since 1914, guided by a few themes: the impact of war and revolution; urban reconstruction after 1945; migration out of many cities in the United States into growing suburbs; and the explosive growth of "megacities" in the developing world.

This book traces the shift from medieval to modern institutions in English agriculture. It explores their importance for productivity growth, income distribution, and the contribution of agriculture to British economic development. Robert C. Allen's pioneering study shows that, contrary to the assumption of many historians, small-scale farmers in the open-field system were responsible for a considerable proportion of the productivity growth achieved between the middle ages and the nineteenth century. The process of enclosure and the replacement of these yeomen by large-scale tenant farming relying on wage labour had relatively little impact on the agricultural contribution to economic development during the industrial revolution. Enclosures and large farms enriched landowners without benefiting consumers, workers, or farmers. Thoroughly grounded in the archival sources, and underpinned by rigorous economic analysis, Enclosure and the Yeoman is a scholarly and challenging reassessment of the history of English agriculture. It will be indispensable reading for all historians concerned with the making of modern Britain.

Nigeria and South Africa account for about a third of Africa’s economic might, and have led much of its peacemaking and peacekeeping initiatives over the last two and a half decades. Both account for at least 60 per cent of the economy of their respective sub-regions in West and Southern Africa. The success of political and economic integration in Africa thus rests heavily on the shoulders of these two regional powers who have both collaborated and competed with each other in a complex relationship that is Africa’s most indispensable.

Nigeria remains among South Africa’s largest trading partners in Africa, while both countries have cooperated in building the institutions of the African Union (AU) and the New Partnership for Africa’s Development (NEPAD). Nigeria and South Africa have also sought to give Africa a stronger global voice, while competing as rivals on issues such as peacemaking in Cote d’Ivoire, Libya and Guinea-Bissau. While Nigeria is the most ethnically diverse country in Africa, South Africa is the most racially diverse state on the continent. Both countries have had a tremendous cultural impact on the continent in terms of Nollywood movies and South African soap operas.

The first three chapters of this book assess Nigeria/South Africa relations in the areas of politics, economics and culture. The second section has three essays that examine the issue of hegemonic leadership in relation to Nigeria and South Africa. The third section consists of four essays on the contributions to the bilateral relationship and leadership roles of four prominent South Africans and Nigerians: Nelson Mandela, Thabo Mbeki, Olusegun Obasanjo and Sani Abacha. The final section of the book analyses three technocratic Nigerian and South African ‘visionaries’: Adebayo Adedeji, Nkosazana Dlamini-Zuma, and Ngozi Okonjo-Iweala.

Constructing Neoliberalism presents a rich analysis of the shift to neoliberal economic policies in four Anglo-American democracies - Canada, Britain, Australia, and New Zealand - over the course of the 1980s and 1990s. This period witnessed a dramatic shift away from traditional post-war consensus policies of active state economic intervention, public ownership, and full employment toward those informed by an ideological commitment to deregulation, privatization, entrepreneurialism, and freer trade. Jonathan Swarts argues that this transformation was not simply a marginal adjustment in existing economic policies, but rather the result of political elites seeking to reshape what he calls their societies' "political-economic imaginaries." Swarts demonstrates that this shift cut across traditional party lines, and that in all four cases, the result was a new set of intersubjective norms about appropriate economic policies, the role of the state in the economy, the expectations and aspirations of citizens, and the very nature of an advanced industrial democracy in a globalizing world.

The twentieth century has been popularly seen as "the American Century," as publisher Henry Luce dubbed it, a long period in which the United States had amassed the economic resources, the political and military strength, and the moral prestige to assume global leadership. By century's end, the trajectory of American politics, the sense of ever waxing federal power, and the nation's place in the world seemed less assured. Americans of many stripes came to contest the standard narratives of nation building and international hegemony that generations of historians dutifully charted. In this volume, a group of distinguished junior and senior historians-including John McGreevy, James Campbell, Elizabeth Borgwardt, Eric Rauchway, Elizabeth Cobbs Hoffman, and James Kloppenberg- revisit and revise many of the chestnuts of American political history. First and foremost, the contributors challenge the teleological view of the inexorable transformation of the United States into a modern nation. To be sure, chain stores replaced mom-and-pop businesses, interstate highways knit together once isolated regions, national media shaped debate from coast-to coast, and the IRS, the EPA, the Federal Reserve, the Social Security Administration and other instruments of national power became daily presences in the lives of ordinary Americans. But the local and the parochial did not inexorably give way to the national and eventually to global integration. Instead, the contributors to this volume illustrate the ongoing dialectic between centrifugal and centripetal forces in the development of the twentieth century United States. The essays analyze a host of ways in which local places are drawn into a wider polity and culture. At the same time, they reveal how national and international structures and ideas repeatedly create new kinds of local movements and local energies. The authors also challenge the tendency to view American politics as a series of conflicts between liberalism and conservatism, which Arthur Schlesinger, Sr. and Jr. codified as the idea that American national politics routinely experienced roughly fifteen year periods of liberal reform followed by similar intervals of conservative reaction. For generations, American political history remained the story of reform, the rise and fall, triumphs and setbacks of successive waves of reformers-Jacksonian Democrats and abolitionists, Populists and Progressives, New Dealers and Great Society poverty warriors-and, recently, equally rich scholarship has explored the origins and development of American conservatism. The contributors do not treat the left and right as separate phenomena, as the dominant forces of different eras. Instead they assert the liberal and the conservative are always and essentially intertwined, mutually constituted and mutually constituting. Modern American liberalism operates amid tenacious, recurring forces that shape and delimit the landscape of social reform and political action just as conservatives layered their efforts over the cumulative achievements of twentieth century liberalism, necessarily accommodating themselves to shifts in the instruments of government, social mores and popular culture. These essays also unravel a third traditional polarity in twentieth century U.S. history, the apparent divide between foreign policy and domestic politics. Notwithstanding its proud anti-colonial heritage and its enduring skepticism about foreign entanglements, the United States has been and remains a robustly international (if not imperial) nation. The authors in this volume-with many formative figures in the ongoing internationalization of American history represented among them-demonstrate that international connections (not only in the realm of diplomacy but also in matters of migration, commerce, and culture) have transformed domestic life in myriad ways and, in turn, that the American presence in the world has been shaped by its distinctive domestic political culture. Blurring the boundaries between political, cultural, and economic history, this collective volume aims to raise penetrating questions and challenge readers' understanding of the broader narrative of twentieth-century U.S. history.

The Roman empire tends to be seen as a whole whereas the early middle ages tends to be seen as a collection of regional histories, roughly corresponding to the land-areas of modern nation states. As a result, early medieval history is much more fragmented, and there have been few convincing syntheses of socio-economic change in the post-Roman world since the 1930s. In recent decades, the rise of early medieval archaeology has also transformed our source-base, but this has not been adequately integrated into analyses of documentary history in almost any country.
In Framing the Early Middle Ages Chris Wickham aims at integrating documentary and archaeological evidence together, and also, above all, at creating a comparative history of the period 400-800, by means of systematic comparative analyses of each of the regions of the latest Roman and immediately post-Roman world, from Denmark to Egypt (only the Slav areas are left out). The book concentrates on classic socio-economic themes, state finance, the wealth and identity of the aristocracy, estate management, peasant society, rural settlement, cities, and exchange. These are only a partial picture of the period, but they are intended as a framing for other developments, without which those other developments cannot be properly understood.
Wickham argues that only a complex comparative analysis can act as the basis for a wider synthesis. Whilst earlier syntheses have taken the development of a single region as 'typical', with divergent developments presented as exceptions, this book takes all different developments as typical, and aims to construct a synthesis based on a better understanding of difference and the reasons forit. This is the most ambitious and original survey of the period ever written.

An in-depth, authoritative, and timely look at the unprecedented economic war the US and its European allies are waging against Russia after Putin’s invasion of Ukraine—written by a veteran journalist with unparalleled access to Western and Russian sources.

Undeterred by eight years of timid US sanctions, Vladimir Putin ordered his full-scale assault on Ukraine on February 24, 2022. In the hours that followed across the world, Western leaders weaponized economic tools to counter an unprecedented land grab by a nuclear-armed power. What followed was an undeniably world-changing financial experiment that risked throwing the world into a devastating recession. The end goal was simple: to sap the strength of Putin’s war machine and damage the Russian economy—once the eleventh largest on the planet. Here, Russian expert and veteran journalist Stephanie Baker explains in fascinating detail how this furious shadow-war unfolded: its causes, how it is being executed, and its ability to affect Russia and the course of history.

From seizing superyachts to manipulating the global price of oil to trying to block the sale of military technology to Russia, we learn how the White House coordinated with top officials in London and Brussels to freeze a staggering $300 billion in foreign currency reserves accumulated in the West by Russia’s central bank. Mobilizing an army of white collar-crime investigators and experts on international law, Baker explores how the West has cracked down on illicit Russian money by targeting oligarchs, one superyacht at a time, and their enablers around the world.

Filled with propulsive, fly-on-the-wall details, Punishing Putin takes us into the frantic backroom deliberations that led to a whole new era of carefully calculated “economic statecraft” and shows how these new strategies are already radically rearranging global alliances that will influence the world order today, and for generations to come.

The concept of `economic planning' was a central theme of the popular economic policy debate in the 1930s. Dr Ritschel traces the many interpretations of planning, and examines the process of idealogical construction and dissemination of the new economic ideas. He finishes with an explanation of the planners' retreat, later in the decade, from the economics of planning towards the far less ambitious (but also less contentious) alternative - the `middle way' of Keynesian economics.

Migration is the most imprecise and difficult of all aspects of pre-industrial population to measure. It was a major element in economic and social change in early modern Britain, yet, despite a wealth of detailed research in recent years, there has been no systematic survey of its importance. This book reviews a wide range of aspects of population migration, and their impacts on British society, from Tudor times to the main phase of the Industrial Revolution.

This book is the first coherent quantified assessment of the economy of the Roman Empire. George Maher argues inventively and rigorously for a much higher level of growth and prosperity than has hitherto been imagined, and also explains why, nonetheless, the Roman Empire did not achieve the transition which began in Georgian Britain. This book will have an enormous impact on Roman history and be required reading for all teachers and students in the field. It will also interest and provoke historians of the medieval and early modern periods into wondering why their economies failed to match the Roman level. Part of the problem in assessing the Roman economy is that we do not have much in the way of numerical data, but Roman historians, who rarely have much statistical expertise, have not always recognised the potential of the data we do have. Dr Maher's reassessment of the economy of the Roman Empire has to use the same data as everyone else, but he is able to draw strikingly novel conclusions in two ways: first, by more statistically sophisticated use of a few crucial datasets and, second, by correlating and drawing a coherent picture across the whole economy. On grain yields, firstly, instead of getting bogged down in details of individual cases, George Maher shows how there is a remarkably consistent pattern from which outliers can be excluded, showing yields were much higher than normally assumed. He then demonstrates that high yields are in fact necessary to explain the exceptional urbanization of the Empire. Urbanization at this level in turn, as George Maher shows, has implications for consumption and commerce. He takes this further to show how high levels of trade imply high levels of sophistication in economic practices and mentality. In one of his most methodologically novel chapters, George Maher develops a new and simpler way of assessing average life expectancy and argues for a life expectancy almost double the traditional view. This book, Dr George Maher's doctoral thesis, is the theoretical underpinning of his book Pugnare: Economic Success and Failure.

From the author of Crashed comes a gripping short history of how Covid-19 ravaged the global economy, and where it leaves us now.

When the news first began to trickle out of China about a new virus in December 2019, risk-averse financial markets were alert to its potential for disruption. Yet they could never have predicted the total economic collapse that would follow in COVID-19's wake, as stock markets fell faster and harder than at any time since 1929, currencies across the world plunged, investors panicked, and even gold was sold. In a matter of weeks, the world's economy was brought to an abrupt halt by governments trying to contain a spiralling public health catastrophe.

Flights were grounded; supply chains broken; industries from tourism to oil to hospitality collapsed overnight, leaving hundreds of millions of people unemployed. Central banks responded with unprecedented interventions, just to keep their economies on life-support. For the first time since the second world war, the entire global economic system contracted. This book tells the story of that shutdown. We do not yet know how this story ends, or what new world we will find on the other side.

In this fast-paced, compelling and at times shocking analysis, Adam Tooze surveys the wreckage, and looks at where we might be headed next.

The correspondence from the most successful Irish-American trading firm of the colonial period forms a remarkable archive for economic historians of the eighteenth century. This is an edition of a letterbook that contains the first nine months of correspondence from this New York trading house. The letters to commercial contacts throughout the North Atlantic region offer a vivid picture of the transatlantic economy. And the private communications of Waddell Cunningham to his partner, Thomas Greg in Belfast, allow a rare behind-the-scenes look at the management and operation of an overseas merchant house. Guided by Professor Truxes's authoritative introduction, we can see in these letters the difficulties of decision-making over long distances, the problems of over-stretched resources, and the impact of the Seven Years War on the evolution of a vigorous enterprise.