David Ricardo's theories were introduced in fragments in Japan after the Meiji restoration of 1868 and his work came into prominence late in comparison to other major thinkers figuring in the history of economic thought. The book seeks to analyse the studies in Japan from the year 1920 to the end of the 1930s - during the time before the outbreak of the Second World War, when even the study of classical economics became difficult. The book covers different aspects of his works and contains elements which may be interesting to foreign and even Japanese readers today without necessarily coming under the influence of Marx's reading. It presents works on Ricardo that are at present, wholly unknown to the Ricardo scholars and more generally to the historians of economic thought outside Japan. This book is an essential read on the history of economic thought in Japan.

First published in 1986, this book examines international trade, offering different theories and considering contemporary developments. Professor Hazari connects these theories and developments, such as theories of comparative advantage and factor-price differentials, to economic expansion and terms of international trade. Many key economic problems are related to the theory of international trade, problems such as tariffs, the dependency of developing countries and changing patterns of world trade, and the book shows how theory impinges on these other important issues. The theory of international trade is a popular and widely taught specialism within economics. This book surveys the pure theory which forms the core of the topic.

First published in 1937, this book examines the changes in working conditions and vast improvements on sugar plantations in 20th century Fiji. By the 1930s, the sugar industry had become economically stronger through the substitution of the small tenant farm for the large plantation. Andrews examines how this led to a moral and social transformation in Fijian society. He also highlights many unsolved problems, and is aware that dependence on a single crop supported by imperial preference is too narrow a basis for progress in Fijian society. In the latter chapters Andrews reviews the position of Indian dispersion in the pacific, and reviews the relation of India itself to the pacific countries and Europe at a time when the British Empire was experiencing a great fall in prestige. There are also chapters that contain matters of specific interest to Australia, New Zealand, and Canada.

Why was early modern Europe the starting point of the economic expansion which led to the Industrial Revolution? What was the state's role in this momentous transformation? A History of States and Economic Policies in Early Modern Europe takes a comparative approach to answer these questions, demonstrating that wars, public finance and state intervention in the economy were the key elements underlying European economic dynamics of the era. Structured in two parts, the book begins by examining the central issues of the state-economy relationship, including military revolution, the fiscal state and public finance, mercantilism, the formation of commercial empires and the economic war between Britain and France in the 1700s. The second part presents a detailed comparison between the different economic policies of the most important European states, looking at their unique demographic, economic, military and institutional contexts. Taken as a whole, this work provides a valuable analysis of early modern economic history and a picture of Europe's global position on the eve of the Industrial Revolution. This book will be useful to students and researchers of economic history, early modern history and European history.

Transportation Network Companies and Taxis: The Case of Seattle is a modern economic case history and thorough analysis of the devastating impact of the transportation network company (TNC) industry (Uber and Lyft) on the taxicab industry in Seattle, Washington, beginning in 2014. The events that transpired and lessons learned are applicable to most large cities in North America, Europe and Australia. As the regulator of the taxicab and TNC industries in Seattle during this period, the author offers a unique insider perspective. The book also provides internal operating statistics on the TNC industry, which are available here for the first time. Despite the spectacular growth of the TNC industry, growth rates have steadily declined and may fall to zero by 2019 or 2020, while the taxicab industry appears to have begun a modest recovery. This book offers a thorough explanation of how and why this decline has happened. It explains the taxicab industry, economic deregulation, competitive market failure, market disruption, price elasticity of demand and other concepts. There is also a wealth of data, computations and analysis for the specialized reader. This book considers the past, present and future of the taxicab and TNC industries in Seattle, It is recommended for both the general reader and industry professionals.

In the administration of colonial finances, the monetary policy of the Imperial power relating to their dependencies has tremendous impact on the colonial economy. The British East India Company, therefore, adopted a policy of gradually subsuming the local currencies of India and replacing them with a uniform imperial currency. After passing a series of regulations, in 1835 the Company was able to introduce a universal currency in all its Indian possessions. This proved to be a landmark in the economic consolidation of the British rule in India. In this unique anthology published studies and unpublished archival records have been integrated into an overall theme. Together with a comprehensive bibliography-cum-list for further readings this volume is aimed to serve as a veritable reference tool.

First published in 1955, this book offers a detailed history from the past to the mid-20th century on economic control. The book examines economic competition, particularly regarding the British economic system, and Fogarty looks at its scope, as well as its limits. This analysis considers working conditions in the mid-20th century, examining the impacts of industry on the life and work of the British agricultural population. The book first examines production decisions, arguing that a systematic and periodic overhaul of control mechanisms are required. Fogarty goes to give a detailed analysis on decisions about industry objectives. Ultimately, a broader look is given on the wider economic setting, and the definition of the economist is itself examined, taking into account the wider role that economics played in 20th century society.

First published in 1957, this book is a detailed analysis on Christian Democracy, a movement backed by Protestants as well as Catholics, which has become one of the great social forces of Western Europe. It is strong in eight countries. The first half of Fogarty's book sets out what the many Christian-Democratic movements stand for. The second part of the book shows how these movements began, how they have grown, changed, and consolidated, and how they developed into the mid-20th century. This is a broad and useful survey which delves the history, nature and significance of the Christian Democratic movements in Europe. In Fogarty's analysis, Christian Democracy may indeed bring about a renewed unity of the Christian tradition in Western society.

This book considers Thorstein Veblen's central preoccupation with the dark places of business enterprise, an integral part of the old institutional economics. Combining the contributions made by Karl William Kapp and Philip Mirowski, it proposes the systematization of an adjourned institutional theory of social costs of business enterprise useful for the analysis of contemporary crises. The Dark Places of Business Enterprise explores the research potential of the theory of social costs for the analysis of actual business behavior in the current globalized privatization regime. It begins with a detailed outline of Veblen's critique of business enterprise and market competition before illustrating the methodical enrichment of this approach through Kapp's work. Finally, it concludes by proposing the integration of the Veblenian-Kappian approach with Mirowski's theory of markets and business doubt manufacture. The resulting theory of social costs will shed light on the ubiquitous business control of society under the now dominant computer-based technological infrastructure. This interdisciplinary foundation of the theory of social costs, encompassing knowledge from computer science and engineering to natural sciences, provides the tools required to analyze this great transformation.

This book analyses the formation of the Spanish banking system. It provides a general overview of European financial systems in operation during the mid-nineteenth century, followed by a detailed analysis of the economic and institutional changes that gave rise to a new form of banking in Spain. The chapters analyse changes on banking regulation; study the social origin of banks' promoters; investigate the economic results of banks; and evaluate the interaction between banks and the economy as a whole. Finally, the causes, extent and consequences of monetary plurality in Spain and its European context are discussed. As such, this book covers the gap that exists in the Spanish banking historiography. Until now only the Bank of Spain and its predecessors had been adequately examined. As the Bank of Spain acted mostly as the state's financial agent, we know very little about private-sector financing. This text provides data and analysis for a more comprehensive view of early Spanish financial development in a comparative European framework. The Origins of Modern Banking in Spain should be considered essential reading for financial history students and scholars, as well as anybody interested in longview approaches to modern financial development.

In this important volume, Joost Hengstmengel examines the doctrine of divine providence and how it served as explanation and justification in economic debates in the sixteenth, seventeenth and eighteenth centuries throughout Western Europe. The author discusses five different areas in which God was associated with the economy: international trade, division of labour, value and price, self-interest, and poverty and inequality. Ultimately, it is shown that theological ideas continued to influence economic thought beyond the Medieval period, and that the science of economics as we know it today has theological origins. Interdisciplinary in nature, this book will be of interest to advanced students and researchers in the history of economic thought, the history of theology, philosophy and intellectual history.

These 39 articles, dating from 1932-1991, assess the economic history of Ireland since 1870, from the after-effects of the Great Famine to protectionism in the 1930s and Ireland's membership of the European Monetary System in the 1980s. The editor's comprehensive introduction surveys the literature and indicates key themes and trends in the two-volume set. Contributors include: J. Bradley, T.K. Daniel, R.C. Geary, J.M. Keynes, J. Lee, J.W. O'Hagan, K. O'Rourke, B.M. Walsh and R.B. Weir.

Recent work on the ancient economy has tended to concentrate on market exchange, but other forces also caused goods to change hands. Such nonmarket transfers ranged from small private gifts to the wholesale confiscation of cities, lands, and their peoples. The papers presented in this volume examine aspects of this extramercantile economy, particularly benefaction and the role of associations, as well as their impact on the market economy. This volume brings together ancient historians, New Testament scholars, and classicists to assess critically the New Institutional Economics framework. Combining theoretical approaches with detailed investigations of particular regions and topics, its chapters examine Greek economic thought, the benefits of membership in private associations, and the economic role of civic euergetism from classical Athens to the municipalities of Roman Spain. The Extramercantile Economies of Greek and Roman Cities will be of use to those interested in the economic context of ancient religions, the role of associations in the economy, theoretical approaches to the study of the ancient economy, labor and politics in the ancient city, as well as how Greek philosophers, from Xenophon to Philodemus, developed ethical ideas about economic behavior.

Money is usually understood as a valuable object, the value of which is attributed to it by its users and which other users recognize. It serves to link disparate institutions, providing a disguised whole and prime tool for the "invisible hand" of the market. This book offers an interpretation of money as a social institution. Money provides the link between the household and the firm, the worker and his product, making that very division seem natural and money as imminently practical. Money as a Social Institution begins in the medieval period and traces the evolution of money alongside consequent implications for the changing models of the corporation and the state. This is then followed with double-entry accounting as a tool of long-distance merchants and bankers, then the monitoring of the process of production by professional corporate managers. Davis provides a framework of analysis for examining money historically, beyond the operation of those particular institutions, which includes the possibility of conceptualizing and organizing the world differently. This volume is of great importance to academics and students who are interested in economic history and history of economic thought, as well as international political economics and critique of political economy.

Originally published in 1989. Professor Robinson begins by examining natural resource classification and the nature of return in mining, giving particular emphasis to different sources of long-run price changes in mining and their relevance for user cost and the economic treatment for exhaustible resources. He then traces the development of the economic theory of exhaustible resources from the last quarter of the eighteenth century to the first quarter of the twentieth, documenting the differing views of various authors about the future availability of mineral resources and the extent of user cost involved in their exploitation. He identifies a link between the perceived availability of exhaustible resources and the nature of the economic theory used to explain their exploitation. This book should be of interest to students and researchers of Economic Theory and Policy.

This book, first published in 1984, examines the economics and political issues raised by foreign investment in mineral development. It is an attempt to identify, as far as possible, what occurs in and between countries when foreign investments are made in mineral development, concentrating on two main themes: on the nature of the transactions which constitute the process of foreign investment on the physical level - money and instruments of credit, objects, information and people as they cross national boundaries - and on the nature of the relationships which are created between foreign investors and governments in the countries where the investments are made. The author argues that the nature of physical transactions plays a crucial role in determining the character of host country-foreign investor relations, and the policies and attitudes adopted by host country authorities exercise an important influence, in turn, on the physical effects of foreign investments. As such, the book constitutes a comprehensive overview of the economic and political factors involved in mining and its development.

Starting with Medici and Fugger and ending with Barings and Royal Bank of Scotland under neo-liberal de-regulation, the author gives an account of how a number of banks failed over a 500 year-period. The author offers an explanation of the leading ideas about the world and good society at the time, and summarizes this narrative using Streeck & Schmitter's three bases for regulation of society: Community (spontaneous solidarity), State (hierarchical control), and Market (dispersed competition). The bank failures are presented in the context of social philosophies of the day (scholasticism, mercantilism, neo-liberalism, and libertarianism), and the changing business practices (Bills of Exchange, rents and financial instruments of various kinds). The dominating explanation of financial crises has been market-related. Here, the author argues that managerial failures are an important contributor. He demonstrates the failure of management to act on early signals such as existential risk, strategic stress syndrome, and lack of proper oversight by top management. The author encourages a return to ethical principles for banks, suggesting that his ethical aspect should be at the core of the credit process of banks in the future. With its interdisciplinary approach, this book will be an important contribution to the discussion surrounding bank failures. It will interest any scholar looking at the origins of financial crises and will be particularly useful for post-graduate students of economic and financial history, banking, finance and accounting.

This book, originally published in 1995, examines the evolution of environmental policy in 6 OECD countries. Through numerous examples, it contrasts the widely-varying political and regulatory styles and their consequences for innovation. Two industry-specific case studies provide a transnational perspective on the co-evolution of technology and environmental policy. The book concludes that innovation can be successfully harnessed by setting credible, long-term environmental goals and ensuring that regulatory instruments are grounded in flexibility, dialogue and trust.

This title was first published in 2003. Corps and Clienteles offers a unique approach to this debate by focusing on the intersection between institutions and personal relationships in the financial strategies surrounding Louis XIV's final two wars. It argues that, in appealing to the elite for financial support to wage war, Louis in return stabilised many of the structures on which the elite stood, entrenched elements of privilege throughout the political landscape, and devolved power to provincial institutions. Especially with the participation of privileged corps as financial intermediaries, the politics of war finance in the last twenty five years of Louis' reign profoundly influenced the direction in which absolutism developed through the remainder of the Old Regime. The book situates the period 1688 to 1715 as a crucial stage in the development of absolutism; tying the choices available to Louis XIV with the structures and institutions that he inherited from his predecessors, while setting his approach apart.

Originally published in 2005. In the past three centuries Britain, Continental Europe and the United States have all experienced remarkable continuity in terms of the character and nature of the relations between the State and the economy. In a fascinating and eminently readable account, this book examines the significance of ideology in the formation of economic policy in the two groups of countries, comparing and contrasting the minimalist state-ownership societies of Britain and the United States with the interventionist states of Continental Europe. The book uncovers a continued contrast between the economic and social individualism of Britain and the United States, and the reliance on the State typical of nations in Continental Europe. The readership will benefit from a clearer understanding of the varying degrees of intervention in both the domestic and international economic policies employed, and the illuminating comparisons between the Continentals and the more market orientated nations of Britain and the United States.

Immigration is not only a modern-day debate. Major change in Europe in the sixteenth and seventeenth centuries led to a surge of political and religious refugees moving across the continent. Estimates suggest that from 1550 to 1585 around 50,000 Dutch and Walloons from the southern Netherlands settled in England, and in the late seventeenth century 50,000 Huguenots from France followed suit. The majority gravitated towards London which, already a magnet for merchants and artisans across the centuries, began a process of major transformation. New skills, capital, technical know-how and social networks came with these migrants and helped to spark London's cosmopolitan flair and diversity. But the early experience of many of these immigrants in London was one of hostility, serving to slow down the adoption and expansion of new crafts and technologies. Immigrants and the Industries of London, 1500-1700 examines the origins and the changing face and shape of many trades, crafts and skills in the capital in this transformative period. It focuses on three crafts in particular: silk weaving, beer brewing and the silver trade, crafts which had relied heavily on foreign skills in the 16th century and had become major industries in the capital by the 18th century. Each craft was established by a different group of immigrants, distinguished not only by their social backgrounds, social organisation, identity, motives, migration pattern and experience and links with their home country but also by the nature of their reception, assimilation and economic contribution. Change was a protracted process in the London of the day. Immigrants endured inferior status, discrimination and sometimes exclusion, and this affected both their ability to integrate and their willingness to share trade secrets. And resistance by the English population meant that the adoption of new skills often took a long time - in some cases more than three centuries - to complete. The book places the adoption of new crafts and technologies in London within a broader European context, and relates it to the phenomenal growth of the metropolis and technological developments within these specific trades. It throws new perspectives on the movement of skills from Europe and the transmission of know-how from the immigrant population to English artisans. The book explores how, through enterprise and persistence, the immigrants' contribution helped transform London from a peripheral and backward European city to become the workshop of the world by the nineteenth century. By way of conclusion the book brings the current immigration debate full circle to examine the lessons we can draw from this early-modern experience.

This is a comprehensive biography of Clarence Charles Hatry, 1888-1965, an enigmatic and charismatic public figure. Hatry was the son of Jewish immigrant parents who became a company promoter and whose companies collapsed in 1929, leading to a crash on the London stock exchange. He was brought down by a desperate fraud. At his trial three months later, the judge said that he could not imagine a worse crime. Analysing transactions in detail, the book reveals Hatry's brilliance as a manipulator and a world-class networker and persuader. It also demonstrates his vain belief in his ability to overcome any risks and his insecurity which led him to surround himself with sycophants who would not challenge his ideas. It shows how others used Hatry to make money, and, as he destroyed himself, as a scapegoat who distracted from the City's failings. Despite his deepest ambitions, he remained an outsider. Until now there has been no full biography of Clarence Hatry, which may be attributable to the lack of records, as his business papers are believed all to have been destroyed. This comprehensive biography is based on examination of the memoirs of Hatry's contemporaries, the archives and records which they and their companies preserved, and press reports of Hatry's activities. Marking the 90th anniversary of Hatry's collapse, this book will be important reading for academics and researchers looking to gain a greater understanding of the context of the 1929 crash, or of financial crises generally.

Originally published in 1991 this book provides a multi-faceted analysis of German unemployment between 1873 and 1913. It can also be read as an example of social scientific historiography during the fourth quarter of the twentieth century. Finally, the study has value for the comparative perspective it lends to current economic, social, and political turmoil in Germany, Europe, and the United States. While the precise conditions in the USA differ today, there are clearly still lessons to be learned on both sides of the Atlantic from the economic, social, and political dislocation, which accompanied industrial unemployment in Germany between 1873 and 1913. .

Published in 1963: The object of this monograph is to trace the beginnings of Protectionism in England. Towards the last quarter of the seventeenth century, the Mercantile system became increasingly protectionist in aim, and this is disclosed by the numerous controversies that raged in the sphere of foreign trade at the time.