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Books > History > History of specific subjects > Economic history
The pit brow lasses who sorted coal and performed a variety of jobs
above ground at British coal mines prompted a violent debate about
womens work in the nineteenth century.
First Published in 2005. Routledge is an imprint of Taylor & Francis, an informa company.
Under the Reagan presidency, the United States saw a period of strong economic growth. Analyzing the evolution of US foreign trade and its impact on the economy under the Reagan administration, Giuseppe La Barca shows how their economic achievements came about in part through well-exploited luck and reaffirmation of the supremacy of US economic interests. In stimulating its economy by consuming more than it produced, the US caused a growing trade deficit, appreciation of the dollar and an inflow of foreign capital that attracted prolonged differential interest rates. Offering a critical analysis of the evolution of US foreign trade and its impact on the national economy during the 1980s, this book shows how domestic and international economic policies shaped one another, and the impact they had in an increasingly globalizing world.
Despite its strategic location, squeezed between the West and Russia, the Ukraine has remained an unknown land since gaining its independence in 1991. This book presents theoretical and empirical investigation of the impact of human capital on economic growth in Ukraine during the period of 1989-2009. It defines place and role of human capital in the process of transition from the exogenous to the endogenous forms of growth.
After a century and a half of efforts at constructing arrangements and rules for international monetary interaction, present-day national authorities do not seem to have come much closer to achieving the aim of enduring exchange rate stability combined with a good macroeconomic performance. A distinguished group of economists and economic historians offers new insights into the working of the most important of such experiences, including nineteenth century bimetallism, the 'classical' gold standard, Bretton Woods and the European Monetary System.
The book analyses the establishment of De Nederlandsche Bank and its early development as a case study to test competing theories on the historical development of central banking. It is shown that the establishment of DNB can be explained by both the fiscal theory and the financial stability theory. Later development makes clear that the financial stability role of DNB prevailed. DNBs bank notes were not forced onto the public and competition was fierce. A prudent and independent stance was necessary to be able to play its intended role. This meant that DNB played a modest role in the Amsterdam money market until 1852. By 1852 it had established itself to become the central bank. By then its bank notes had become generally accepted and it could start to operate as a reserve bank. Also the market context had changed dramatically, its competitors had been driven out of the market and several credit institutions had become customers of DNB. "On the occasion of the Nederlandsche Bank's 200th Anniversary, it is good to have a new, and an extremely good, history of its founding and first fifty years of operation. The only previous account of this period of the DNB's history was legalistic and did not sufficiently place the Banks development in its wider context. Uittenbogaard's book provides a much broader, and better, story of the personnel, economics, and finance of the DNB at this juncture." - Charles Goodhart, LSE.
This volume surveys transnational encounters and entanglements between Germany and East Asia since 1945, a period that has witnessed unprecedented global connections between the two regions. It examines their sociopolitical and cultural connections through a variety of media. Since 1945, cultural flow between Germany and East Asia has increasingly become bidirectional, spurred by East Asian economies' unprecedented growth. In exploring their dynamic and evolving relations, this volume emphasizes how they have negotiated their differences and have frequently cooperated toward common goals in meeting the challenges of the contemporary world. Given their long-standing historical differences, their post-1945 relations reveal a surprisingly high degree of affinity in many areas. To show how they have deeply shaped each other's views, this volume presents 12 chapters by scholars from the fields of history, sinology, sociology, literature, music, and film. Topics include cultural topics, such as German and Swiss writers on East Asia (Enzensberg, Muschg, and Kreitz), Japanese writer on Germany (Tezuka and Tawada), German commemorative culture in Korea, Beethoven in China, metal music in Germany and Japan, diary films on Japan (Wenders), as well as sociopolitical topics, such as Sino- East German diplomacy, Germans and Korean democracy, and Japanes and Korean communities in Germany.
The first monograph on this topic since 1961, this book provides an innovative interpretation of the Friendly Societies in Britain from the perspectives on social, gender and political history. It establishes the central role of the Friendly Societies in the political activism of British workers, changing understandings of masculinity and femininity, the ritualized expression of social tensions and the origins of the welfare state.
This collection of essays presents insight and methodology that are highly relevant for readers today as they consider the future of the world they live in. Experiencing the COVID-19 pandemic, people have realized how fragile the current economy is and the necessity for reconstructing the socio-economic system. That system, which was considered the default for so long, was succeeded by the analytical framework of economics and regional science. The contents of this book are diversified, as are the achievements of Prof. Yasuhiro Sakai, to whom this volume is dedicated, and cover a wide area from mathematical and experimental economics to conventional and emerging fields of regional science. Some are timeless topics that have had new life breathed into them. Part I deals with, among other areas, risk management with uncertain events; the effectiveness and impacts of regulation and friction related to trading; the stability of strategic behavior and market equilibrium; and sustainable regional development and urban planning from the long-term perspective. Part II also presents a diversity of subjects, including input-output analysis and computable general equilibrium (CGE) modelling for internal as well as external structure and network linkage, such as a value chain; openness and creativity as related to competition among cities and regions; dispersion versus concentration; and inequality versus equality.
There are winners and losers in a capitalistic society, but capitalism does not choose who is a winner and who is a loser. The winners are those who have the right idea, sacrifice their time and money, take risks, work hard, and have a little luck and help along the way. The losers are those who rarely dream of the impossible, waste their time, spend their money foolishly, lack the courage to take risks, and fail to dedicate themselves to achieving the rewards of their efforts. Winners should receive the greatest returns for their investments and the greatest of rewards for their endeavors. While wealth may be distributed unequally, it results more from an unequal dedication to acquire this wealth. That is not only right, but it is fair. At the heart of capitalism is choice, one of success or failure, saving or spending, and work or recreation. Capitalism is a system that allows a person to choose whether he or she wants to be a winner or a loser. Today, too many have chosen the latter and display the unbecoming traits of greed, jealously, and envy toward those who have chosen the former. While insecurity and instability may pervade this country's economic, political and societal institutions, success can still be achieved by those who look forward rather than backward, who avoid the disadvantages of the past to take advantage of the future. In "The Choices and Consequences of Our Age," you'll learn that it's still possible to achieve success through hard work, sacrifice, and self-reliance.
Adam Smith (1723-1790) is widely regarded as one of the great thinkers of the Enlightenment period. Best-known for his founding work of economics, The Wealth of Nations, Smith engaged equally with the nature of morality in his Theory of Moral Sentiments. He also gave lectures on literature and jurisprudence, and wrote papers on art and science. In this outstanding philosophical introduction Samuel Fleischacker argues that Smith is a superb example of the broadly curious thinkers who flourished in the Enlightenment-for whom morality, politics, law, and economics were just a few of the many fascinating subjects that could be illuminated by naturalistic modes of investigation. After a helpful overview of his life and work, Fleischacker examines the full range of Smith's thought, on such subjects as: epistemology, philosophy of science, and aesthetics the nature of sympathy moral approval and moral judgement virtue religion justice and jurisprudence governmental policy economic principles liberalism. Including chapter summaries, suggestions for further reading, and a glossary, Adam Smith is essential reading for those studying ethics, political philosophy, the history of philosophy, and the Enlightenment, as well as those reading Smith in related disciplines such as economics, law, and religion.
The period between 1767 and 1873 shaped public finance in Britain (and, by extension, many other countries) as we know it today, with the major economists of the time providing influential contributions. Until now, no book has examined and compared the thought of these 'classical economists' from the perspective of public finance rather than that of pure theory. This groundbreaking volume critically analyzes and compares the writings on government expenditure, taxation and public debt of thinkers such as Adam Smith, Jeremy Bentham, David Ricardo and Thomas Malthus. These key figures are united by their struggles with fiscal theory - an important feature in the formation and development of political economy. An original and intriguing read, this book breathes fresh life into the history of economic thought. Dome's clear and exciting arguments will make for essential reading for historians of economic thought, economic historians and those with an interest in public finance.
The main focus of the volume - the processes of choice and decision-making in different economic systems - offers exceptional scope for the convergence of economic and anthropological perspectives. It concentrates on transactions that both express and influence social relationships and values. Covering a wide geographic area there are specific studies on societies in Equatorial Africa, Colombia, South India and the Balkans. First published in 1967.
This is the first Open Access book introducing more than 20 of Japan's leading innovative entrepreneurs from the 17th century to the present. The author outlines the innovative business models created by entrepreneurs including SoftBank's Masayoshi Son, Fast Retailing (Uniqlo)'s Yanai Tadashi, Honda's Soichiro Honda, Sony's Akio Morita, Panasonic's Konosuke Matsushita, and Toyota's Kiichiro Toyoda, as well as their predecessors including Takatoshi Mitsui of Mitsui Zaibatsu, Shibusawa Eiichi of Daiichi Bank. While introducing the innovators, the author also raises three broader questions: 1. Why did Japan industrialize earlier than any other country outside Europe and the United States? 2. Why was Japan able to realize unsurpassed economic growth between the 1910s and the 1980s? 3. Why has Japan's economy stagnated for more than 30 years since the 1990s? Drawing upon analytical concepts including Schumpeter's breakthrough innovation, Kirzner's incremental innovation, and Christensen's disruptive innovation, the author contends that Japan's successes were based on unique and systematic breakthrough innovation and an accumulation of incremental innovation, while it later fell victim to a combination of breakthrough innovation from advanced countries and disruptive innovation by developing nations.
This anthology honors the life and work of American economist John E. Murray, whose work on the evolution of the standard of living spanned multiple disciplines. Publishing extensively in the areas of the history of healthcare and health insurance, labor markets, religion, and family-related issues from education to orphanages, fertility, and marriage, Murray was much more than an economic historian and his influence can be felt across the wider scholarly community. Written by Murray's academic collaborators, mentors, and mentees, this collection of essays covers topics such as the effect of the 1918 influenza pandemic on U.S. life insurance holdings, the relationship between rapid economic growth and type 2 diabetes, and the economics of the early church. This volume will be of use to scholars and students interested in economic history, cliometrics, labor economics, and American and European history, as well as the history of religion.
It is now widely acknowledged that history is useful, even essential, because it helps us predict the future. The history of ideas in economics, as in other fields of inquiry, plays an important role in enlightening current researchers as they endeavour to understand contemporary events and anticipate the future of human societies. This book brings together a fine collection of chapters that span contributions from forgotten classics to the most recent new thinking about critical issues such as growth, wealth, its creation and its distribution among members of society. It is A Brief History of Economic Thought, but it will certainly go a long way in helping undergraduate students and other researchers who are curious about the evolution of economic ideas over the last five centuries. Chapters offer discussions on the main tenets of post-Keynesian economics, and focus on issues of growth, wealth and income distribution. The debate on the role of government versus the market is brought to the fore within the context of economic thought from the Physiocrats to the post-Keynesians. The editors have created an essential read for scholars and students interested in the history of economic thought and post-Keynesian economics.
First published in 1867, Capital, or Das Kapital, is the infamous treatise on economics and capitalism by Prussian revolutionary KARL MARX (1818-1883), who changed history with his 1848 book The Communist Manifesto. In this work, edited by Marx's friend, German philosopher FRIEDRICH ENGELS (1820-1895), Marx systematically analyzes the way the capitalist machine functions. In this academic work written for students and serious thinkers, he explores wages, competition, banking, rent, and the natural laws that seem to govern the development of capitalism without any oversight by the society in which it developed. Originally published in three volumes, Capital is here presented in five volumes. Volume III, Part 1 covers: . The Conversion of Surplus-Value into Profit and of the Rate of Surplus-Value into the Rate of Profit . Conversion of Profit into Average Profit . The Law of the Falling Tendency of the Rate of Profit . Transformation of Commodity-Capital and Money-Capital Into Commercial Capital and Financial Capital . Division of Profit Into Interest and Profits of Enterprise
Farming to halves is the English version of sharefarming, a system of letting land common in Europe and the New World, but thought not to have existed in England. Indeed Arthur Young claimed it was the point of difference between English and French agriculture, which explained the success of the former and failure of the latter. However, Young was mistaken: forms of sharefarming existed in all periods, at every level of society and across the length and breadth of the country. This discovery entirely alters our perceptions of English rural communities, the development of English agriculture and the relationships between landlords and tenants, and farmers in general. Sharefarming English style differed from that in Europe because it remained largely informal and rarely appears in documents. Even when it does appear, historians, misled by Arthur Young perhaps, have failed to recognize its significance. In this way, a stratum of farming life and activity has been lost. This book recovers that hidden historywith far reaching and unexpected implications for our understanding of English rural life both in the past and present.
This book provides a comprehensive overview and some economic analysis of China's economic reform experiences, particularly those since the late 1980s. It covers many institutional details of key aspects of the Chinese economy, including fiscal and monetary management, financial sector development, state-enterprise reform, international trade, foreign investment, decentralization and regional development. It is argued that while China has achieved a spectacular growth record over the past twenty years, and its reform efforts have successfully laid the foundation of a market-based economic management system, the country continues to face major challenges in sustaining its growth performance.
This book and its companion volume offer a better understanding of the lessons that Indian policymakers can learn from China's economic experience over the last 40 years. The aim of the two books together is to evaluate China's incremental reforms and how these reforms have impacted on the Chinese economy, based on a classical rather than from a neoclassical perspective using a case study method. In this first volume, the author examines India's emergence from socialism and central planning as being in sharp contrast to China's experience, and considers how we might compare the institutional difference between the countries. It also covers a theoretical grounding for the comparison of the two largest populated countries in the world, which will be taken up by the second volume.
This collection begins with the cultural renaissance of the early
20th century, the rebellion against Western and Japanese
imperialism after 1919, the rise of the Nationalist and Communist
movements and their conflict in mainland China until the Communist
victory of 1949. After that, the focus is on the revolutionary
changes under Mao Zedong's regime, and the ideological struggles
after his death. Under Deng Ziaoping economic reform prompted rapid
growth but also led to calls for greater political freedom,
culminating in the Tiananmen protests of 1989. The final chapters
illustrate the problems the regime faces today, including the
ambitions of the Tibetan minority, and social issues such as
unemployment and corruption. Next to domestic issues, China's role
in the Korean War and changing relations with the USA and Soviet
Union are also covered.
Providing an account of the development of economic thought, this book explores the extent to which economic ideas are rooted in moral values. Adopting an approach rooted in 'pragmatism', the work explores key questions which have been considered by economists since the classical political economists. These include: what degree of priority ought to be granted to property rights among all individual liberties; whether uncertainties in economic life justify investing political authorities with the power to stabilize business cycles; whether it is better to trust entrepreneurial initiatives to resolve societal dilemmas or to centralize policy-making in the hands of a benevolent government. The chapters argue that economic thought has evolved from an emphasis on "sympathy" (as defined by Adam Smith) and that there has more recently been a rediscovery of the significance of sympathy reinvented as "fair reciprocity" in the wake of the emergence of behavioural economics and its connection to evolutionary psychology. This key book is of great interest to readers in the history of ideas, political and moral philosophy, and political economy.
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