Inequalities and the Progressive Era features contributors from all corners of the world, each exploring a different type of inequality during the Progressive Era (1890s-1930s). Though this era is most associated with the United States, it corresponds to a historical period in which profound changes and progress are realized or expected all over the globe. The original and international perspectives of the book make it possible to examine important issues or authors of the Progressive Era, who have at times been neglected or insufficiently discussed. This analysis allows us both to know more about this key period of the history of capitalism, and to consider contemporary debates regarding the treatment of inequalities with a pluralistic approach. Academics and students of all levels, from PhD and Master degree students to undergrads will appreciate the original focus on the roots and treatments of inequalities, and this innovative collaboration between researchers of various fields in social sciences. Contributors include: V. Babashkin, T. Briggs, B. Buarque de Hollanda, C. Castelain-Meunier, V. Chassagnon, R.W. Dimand, B. Dubrion, O. Goerg, F. Granda, O. Lakomski-Laguerre, C. Maumi, S. Meardon, A. Millmow, C. Morrisson, T. N'Diaye, A. Nikulin, J.N. Parker, S. Pressman, M. Rocca, C. Schrecker, F. Sember, R. Skidelsky, H. Tanaka, P. Thane, G. Vallet

This open access book provides a readable narrative of the bubbles and the banking crisis Japan experienced during the two decades between the late 1980s and the early 2000s. Japan, which was a leading competitor in the world's manufacturing sector, tried to transform itself into an economy with domestic demand-led mature growth, but the ensuing bubbles and crisis instead made the country suffer from chronicle deflation and stagnation. The book analyses why the Japanese authorities could not avoid making choices that led to this outcome. The chapters are based on the lectures to regulators from emerging economies delivered at the Global Financial Partnership Center of the Financial Services Agency of Japan.

Drawing heavily on contributing cultural and ethnic factors, this book analyzes Miami's fiscal insolvency since 1996 and describes what led to the financial crisis, the explanations for the crisis, and the reasons for a slow recovery. Comparing Miami's insolvency with the earlier fiscal crises in Philadelphia, New York City, and Orange County, CA, the authors show the role of Miami's poor economic climate, the increasing ethnic influence, the emphasis on fiscal conservatism and a pay-as-you-go philosophy, the lack of standard and professional budgetary practices, and the corruption of several city officials. In conclusion, the authors consider Miami's outlook for the future.

To fully understand Miami's original crisis and the extremely slow financial recovery, the authors believe it is necessary to explore how the dominant culture contributed to the city's financial problems. The authors show that structural features of the local government are less important than broader cultural and ethnic attitudes and practices.

This book examines the structures and texture of rural social relationships, using one type of document found in abundance over all the four component parts of Britain and Ireland: petitions from tenants to their landlords. The book offers unexpected angles on many aspects of society and economy on estates in the 17th and 18th centuries.

In this collection of essays a number of distinguished scholars examine the proletarianization process and its relation to social protest and class formation. The authors consider how the social origins of the industrial work force and the migration patterns that brought workers to industrial areas shaped the workers' developing identity and led them to participate in mass protests. The essays provide an overview of proletarianization in industrializing regions and in several different countries. Although the authors of these articles employ a variety of disciplines--anthropology, history, and sociology--all the essays deal with historical aspects of the process of class formation and the forging of a modern working class. The essays span three continents and two centuries, and the volume includes a comprehensive annotated bibliography of relevant works drawn from the suggestions of the contributors.

First Published in 1973. Routledge is an imprint of Taylor & Francis, an informa company.

In September 2008, beset by mounting losses on high-risk mortgages and mortgage securities, the Federal Home Loan Mortgage Corporation teetered on the brink of insolvency. Fearing that confidence in the housing market would collapse completely if Freddie Mac and its competitor Fannie Mae failed, the US government made the difficult decision to place the two firms into conservatorship, taking control away from shareholders. Although the taxpayer commitment of hundreds of billions was meant to stabilize the housing finance system, Freddie's fall at the start of the financial crisis set off shockwaves around the world. In Days of Slaughter, Susan Wharton Gates, a former 19-year Freddie Mac employee and vice president of public policy, provides a vivid eyewitness account of the competing economic and political forces that led to massive losses for shareholders, investors, homeowners-and taxpayers. With a keen eye to the policy landscape, Gates relates the fateful decisions that led to Freddie Mac's downfall and desperate rescue. She also examines today's worrisome headlines about potential future bailouts, the uneven housing recovery, and stymied congressional reform efforts. Throughout the book, Gates argues convincingly that policymakers will be unable to safely reform the massive housing finance system that currently rests squarely on taxpayer shoulders without addressing deeper issues of ideology, moral hazard, and interest group politics. The first book to tell the story of Freddie Mac from an insider perspective-while casting a prophetic eye to the future-this first-hand account of housing policies, complex financial transactions, and the crazy quilt of federal and state actors involved in the Great Recession is a must-read. A cautionary tale of failed policies and corporate mismanagement that compellingly addresses previously unexplored issues of political ideology, organizational dynamics, and ethics, Days of Slaughter will appeal to readers everywhere who want a fuller explanation of what went awry in the US housing market.

The major focus of the book is an examination of the efforts being made by democratizing states in Africa to reconstitute the postcolonial state, so that it can become relevant to the needs and aspirations of the majority of the peoples of Africa. Using seven democratizing states in Africa as case studies, the book specifically examines three major interrelated issues: the multifaceted crises of state building in Africa; the efforts to democratically reconstitute the postcolonial state in Africa; and the proffering of suggestions to help address the challenges posed by the state reconstitution project.

This book advances an original conception of the relationship between state and corporate power in the United States. Using what he terms an Institutional Marxist framework, Maher argues that, far from passively responding to interest group pressures, the state has been a key agent in politically mobilizing business, and has played an active role in the organization of lobbying groups. Such business associations do not merely express the pre-existing interests of their corporate members, but are also mechanisms through which the state organizes the political power of the capitalist class. They form part of what the author refers to as an integral state-a wider network of state power which traverses and interpenetrates the state bureaucracy, the legislature, the industrial policy apparatus, and corporate governance. Based on extensive archival research, this book tracks the role of the General Electric Company as a pillar of the integral state in the United States from the finance capital period (1880 to 1930), through the managerial period (1930-1979), to the restructuring leading up to the age of neoliberalism (1979-present).

This is the first book to describe the entire developmental history of the human aspects of economics. The issue of "self-interest" is discussed throughout, from pre-Adam Smith to contemporary neuroeconomics, representing a unique contribution to economics. Though the notion of self-interest has been interpreted in several ways by various schools of economics and economists since Smith first placed it at the heart of the field, this is the first book to focus on this important but overlooked topic. Traditionally, economic theory has presupposed that the core of human behavior is self-interest. Nevertheless, some economists, e.g. recent behavioral economists, have cast doubt on this "self-interested" explanation. Further, though many economists have agreed on the central role of self-interest in economic behavior, each economist's positioning of self-interest in economic theory differs to some degree. This book helps to elucidate the position of self-interest in economic theory. Given its focus, it is a must-read companion, not only on the history of economic thought but also on economic theory. Furthermore, as today's capitalism is increasingly causing people to wonder just where self-interest lies, it also appeals to general readers.

This book brings under a magnifying glass a little explored, but significant topic - the communications changes of the National Bank of Romania after 2008. Given the similarities and differences between central banks' mechanisms and practices adopted, its applicability and impact for other actors are incontestable. The research incorporates valuable details on how the National Bank of Romania's communication changed during the Great Recession of 2008, as well as insightful data about the way in which different categories of public and media perceived this change. The timeliness and significance of this research are noticeable as the central banks already entered a new era of communication challenges triggered by the Covid-19 pandemic and recently by the Russia - Ukraine war. Lessons from the past can contribute to what researchers name the second revolution in communication, focusing on opening the central banks to the public and regaining trust, especially in such a difficult period.

This retrospective study brings together twenty-two key associates of President Truman's to consider the administrative operation of the presidency from 1945 to 1953. The contributors are persons who were close to Truman throughout his presidency: members of the cabinet, the White House staff, and senior officials in Executive Office agencies. Sharing personal reflections are, among others, Charles Brannan, W. Averell Harriman, Leon H. Keyserling, Charles S. Murphy, Richard E. Neustadt, John W. Snyder, Elmer B. Staats, and the late Tom C. Clark.

A number of important administrative aspects of Truman's presidency are touched upon as the participants review the years of their White House experience. They talk about policy making in the areas of national security and foreign affairs, about budget and economic matters, relations with Congress, domestic problems such as civil rights, presidential appointments, and even press relations. They exchange anecdotes about the president's style and their working relationships with him in staff meetings, cabinet meetings, and private briefing sessions.

The creation of the Central Intelligence Agency and the establishment of the National Security Council, the Council of Economic Advisers, and the National Security Resources Board during Truman's administration clearly improved and strengthened the organization of and the institutional aids to the presidency. In answer to the question of what can be learned from the way Truman operated the presidency, however, the overriding theme of the exchanges recorded here is that the style of the White House is--inescapably--the president's style. The picture that emerges in these pages of life and work in Truman's administration is one of informality, enthusiasm, and camaraderie. A family-like atmosphere pervaded the staff, and the president played the crucial role in setting the tone.

Incorporating a broad spectrum of firsthand information on the administrative concepts and practices of the Truman era, this volume will be of prime interest to all students of government and executive organization.

This Pivot book provides a framework for understanding the economic and potentially unequal effects of pandemics, focusing closely on the Spanish Flu. It provides an in-depth analysis of the different effects of the Spanish Flu on the economy from unequal mortality to wages, housing and output. There is a general review of the literature but an important feature of this book is that it explains results using data from Spain, an ideal country to perform this exercise, as its mortality data is not affected by the First World War. Spain was also developed enough to have reliable data, but it was very heterogeneous across regions which will allow a comparison of more and less developed regions. No other book exists that offers a comprehensive and data-driven view of the effects of the Spanish Flu, which is the closest pandemic example to Covid-19. With the outbreak of Covid-19 increasing the need to learn about the economic effects of pandemics, this book will be of interest to academics and students of economic history, macroeconomics (economic crises) and economic development, as well being accessible for the general reader.

Published in the year 1975, Study of Economic History is a valuable contribution to the field of Military and Strategic Studies.

The shifting balance of economic power away from Western Europe and the United States and towards East and Southeast Asia - firstly Japan, then the small 'Tiger' economies, and now the larger nations of Southeast Asia and China, the potential 'Dragons' - has provoked anger, dismay and a search for the 'secrets' of growth and for 'lessons' to be learned. The Rise of Asia brings together recent scholarship analysing the process of economic, social and political development in East and Southeast Asia from the mid-nineteenth century to the present day.

In this book, Justin Pack proposes a genealogy of the traditional suspicion of money and merchants. This genealogy is framed both by how money itself has changed and how different traditions responded to money. Money and merchants became heavily debated concerns in the Axial Age, which coincided with the spread of coinage. A deep suspicion of money and merchants was particularly notable in the Greek, Confucian and Christian traditions, and continued into the Middle Ages. These traditions wrestled with a new dialectic of purity that also appears with the widespread use of money. How were these concerns dealt with politically, socially and philosophically? How did they change over time? How did medieval Europe deal with money and how did this inform modern governmentality? To answer these questions, Pack turns to Hanna Arendt's work. Arendt argues that one of the outstanding characteristics of our time is thoughtlessness. This thoughtlessness is related to how modern life, especially under neoliberalism, is increasingly structured by abstract systems, abstract calculative rationality, abstract relations, and the profit motive. Money both drives and embodies this machinery. The hyper-complex abstract systems of modernity discourage, to use Arendtian terms, "thinking" (wonder, questioning everything) in favor of "cognition" (problem solving). Too often the result is thoughtless cognition-the ability to make things more productive and efficient paired with the incapacity to question and challenge the implications and morality of these systems.

Literary Representations of Precarious Work, 1840 to the Present sheds new light on literary representations of precarious labor from 1840 until the present. With contributions by experts in American, British, French, German and Swedish culture, this book examines how literature has shaped the understanding of socio-economic precarity, a concept that is mostly used to describe living and working conditions in our contemporary neoliberal and platform economy. This volume shows that authors tried to develop new poetic tools and literary techniques to translate the experience of social regression and insecurity to readers. While some authors critically engage with normative models of work by zooming in on the physical and affective backlash of being a precarious worker, others even find inspiration in their own situations as writers trying to survive. Furthermore, this volume shows that precarity is not an exclusively contemporary phenomenon and that literature has always been a central medium to (critically) register forms of social insecurity. By retrieving parts of that archive, this volume paves the way to a historically nuanced view on contemporary regimes of precarious work.

Political economy and Christian theology coexisted happily in the intellectual world of the Eighteenth-Century. During the Nineteenth-Century they came to be seen as incompatible, even mutually hostile. In the Twentieth-Century they went their separate ways and are no longer on speaking terms. These fourteen essays by Anthony Wasterman serve as snapshots of the history of this estrangement, and illustrate the gradual replacement of the discourse of theology by that of economics as the rational framework of political debate. Others have recently shown that both political economy and Christian theology are important, though somewhat neglected elements in modern intellectual history. This book is the first to combine these two lines of inquiry.

This book analyses ancient Greek federalism by focusing on one of the most organised and advanced Greek federal states, the Achaean Federation Sympoliteia. Unlike earlier studies that mainly focused on its political history, this book adopts an interdisciplinary approach, analysing aspects of the economic organization and institutions, and the political economy of the Achaean Federation, and combining these findings with political history. It also discusses the strategic choices made by significant historical figures such as generals Aratos and Philopoemen. The analysis of the Achaean Federation verifies the intertemporal federal axiom, which states that the success and viability of federal experiment is achieved when the benefits of participation for the member-states exceed the costs of conferring national sovereignty on supranational federal authorities. The book further argues that the Achaeans developed a system of sophisticated direct democratic procedures in decision-making on federal matters, as well as significant and highly sophisticated (for the era) economic institutions and federal practices, in order to achieve bonds of trust and legitimacy regarding their innovative federal structure. These practices included, among others, the creation of free market type economic institutions, a monetary union, federal budget, provision of public goods and a common defense and security policy for all the Achaean city-state members. Lastly, the book relates these findings to ideas on how the Achaean Federation would have dealt with a series of current global issues, such as European Union integration and problems such as Euroscepticism, Brexit and immigration.

Economic archaeology and ancient economic history have boomed the past decades. The former thanks to greatly enhanced techniques to identify, collect, and interpret material remains as proxies for economic interactions and performance; the latter by embracing the frameworks of new institutional economics. Both disciplines, however, still have great difficulty talking with each other. There is no reliable method to convert ancient proxy-data into the economic indicators used in economic history. In turn, the shared cultural belief-systems underlying institutions and the symbolic ways in which these are reproduced remain invisible in the material record. This book explores ways to bring both disciplines closer together by building a theoretical and methodological framework to evaluate and integrate archaeological proxy-data in economic history research. Rather than the linear interpretations offered by neoclassical or neomalthusian models, we argue that complexity economics, based on system theory, offers a promising way forward.

First Published in 1968. Routledge is an imprint of Taylor & Francis, an informa company.

Consumer Credit and the American Economy examines the economics, behavioral science, sociology, history, institutions, law, and regulation of consumer credit in the United States.
After discussing the origins and various kinds of consumer credit available in today's marketplace, this book reviews at some length the long run growth of consumer credit to explore the widely held belief that somehow consumer credit has risen "too fast for too long." It then turns to demand and supply with chapters discussing neoclassical theories of demand, new behavioral economics, and evidence on production costs and why consumer credit might seem expensive compared to some other kinds of credit like government finance. This discussion includes review of the economics of risk management and funding sources, as well discussion of the economic theory of why some people might be limited in their credit search, the phenomenon of credit rationing. This examination includes review of issues of risk management through mathematical methods of borrower screening known as credit scoring and financial market sources of funding for offerings of consumer credit.
The book then discusses technological change in credit granting. It examines how modern automated information systems called credit reporting agencies, or more popularly "credit bureaus," reduce the costs of information acquisition and permit greater credit availability at less cost. This discussion is followed by examination of the logical offspring of technology, the ubiquitous credit card that permits consumers access to both payments and credit services worldwide virtually instantly.
After a chapter on institutions that have arisen to supply credit to individuals for whom mainstream credit is often unavailable, including "payday loans" and other small dollar sources of loans, discussion turns to legal structure and the regulation of consumer credit. There are separate chapters on the theories behind the two main thrusts of federal regulation to this point, fairness for all and financial disclosure. Following these chapters, there is another on state regulation that has long focused on marketplace access and pricing.
Before a final concluding chapter, another chapter focuses on two noncredit marketplace products that are closely related to credit. The first of them, debt protection including credit insurance and other forms of credit protection, is economically a complement. The second product, consumer leasing, is a substitute for credit use in many situations, especially involving acquisition of automobiles. This chapter is followed by a full review of consumer bankruptcy, what happens in the worst of cases when consumers find themselves unable to repay their loans.
Because of the importance of consumer credit in consumers' financial affairs, the intended audience includes anyone interested in these issues, not only specialists who spend much of their time focused on them. For this reason, the authors have carefully avoided academic jargon and the mathematics that is the modern language of economics. It also examines the psychological, sociological, historical, and especially legal traditions that go into fully understanding what has led to the demand for consumer credit and to what the markets and institutions that provide these products have become today.

NATO is facing a unique crisis questioning its existence and future. This book provides a detailed in-depth economic and critical analysis of the issues. It considers whether NATO has a future and what it might look like 70 years ahead. NATO is undergoing a process of dramatic change, reorganising its functions, funding and strategic responsibilities to address growing regional and global threats. This book not only explores the contentiousness of economic and financial burden-sharing and the associated political and diplomatic stresses involved in the pursuit of common strategic objectives, but contributes to a further debate concerning the expanded scope and roles of the Alliance in the 21st century. This book combines NATO's political controversies, complexities and conflicts with a treatment of the underlying theoretical economic frameworks. This book is essential reading for students in military staff colleges, university International Relations and Strategic Affairs Departments, but also to those working in government defence establishments, independent think tanks and political and economic institutions, generally.

This volume studies information as an economic resource in the Roman World. Information asymmetry is a distinguishing phenomenon of any human relationship. From an economic perspective, private or hidden information, opposed to publicly observable information, generates advantages and inequalities; at the same time, it is a source of profit, legal and illegal, and of transaction costs. The contributions that make up the present book aim to deepen our understanding of the economy of Ancient Rome by identifying and analysing formal and informal systems of knowledge and institutions that contributed to control, manage, restrict and enhance information. The chapters scrutinize the impact of information asymmetries on specific economic sectors, such as the labour market and the market of real estate, as well as the world of professional associations and trading networks. It further discusses structures and institutions that facilitated and regulated economic information in the public and the private spheres, such as market places, auctions, financial mechanisms and instruments, state treasures and archives. Managing Asymmetric Information in the Roman Economy invites the reader to evaluate economic activities within a larger collective mental, social, and political framework, and aims ultimately to test the applicability of tools and ideas from theoretical frameworks such as the Economics of Information to ancient and comparative historical research.

This book is the first volume of a monograph series published by the Socio-Economic History Society, Japan. The purpose of the series is to make works by Japanese scholars accessible to a wider readership and to increase the knowledge of scholars in this field, particularly in relation to Asia. This volume includes four chapters on energy and the environment of Japan, China and Britain and four short book reviews on recent academic works published in Japanese and English. The four chapters cover the following topics: the relationship between deforestation and the development of the silk reeling industry in a district of Nagano Prefecture (central Japan) from the 1870s to the 1900s and the subsequent shift from firewood to coal; the importance of timber supplies for the development of industry as illustrated by a case study on the supply of timber for use as rail sleepers in the Japanese national railway network during the prewar period; a methodological survey of the history of ecology and the environment in China; and an analysis of the British Smoke Nuisance Abatement Act of 1821 as a measure that incorporated the interests of politicians, landlords and industrialists.