The story of banking in twentieth-century Oklahoma is also the story of the Sooner State's first hundred years, as Michael J. Hightower's new book demonstrates. Oklahoma statehood coincided with the Panic of 1907, and both events signaled seismic shifts in state banking practices. Much as Oklahoma banks shed their frontier persona to become more tightly integrated in the national economy, so too was decentralized banking revealed as an anachronism, utterly unsuited to an increasingly global economy. With creation of the Federal Reserve System in 1913 and subsequent choice of Oklahoma City as the location for a branch bank, frontier banking began yielding to systems commensurate with the needs of the new century.
Through meticulous research and personal interviews with bankers statewide, Hightower has crafted a compelling narrative of Oklahoma banking in the twentieth century. One of the first acts of the new state legislature was to guarantee that depositors in state-chartered banks would never lose a penny. Meanwhile, land and oil speculators and the bankers who funded their dreams were elevating get-rich-quick (and often get-poor-quick) schemes to an art form. In defense of country banks, the Oklahoma Bankers Association dispatched armed vigilantes to stop robbers in their tracks.
Subsequent developments in Oklahoma banking include adaptation to regulations spawned by the Great Depression, the post-World War II boom, the 1980s depression in the oil patch, and changes fostered by rapid-fire advances in technology and communication. The demise of Penn Square Bank offers one of history's few unambiguous lessons, and it warrants two chapters--one on the rise, and one on the fall. Increasing regulation of the banking industry, the survival of family banks, and the resilience of community banking are consistent themes in a state that is only a few generations removed from the frontier.

This book reveals changing management paradigms with new normal in the maritime sector. Thus, maritime business has once again justified that it's one of the leading and ceaseless sectors of all times during hard times. Amidst the pandemic, employees of the maritime and logistics sector have continued their activities both on shore and on board in order to complete operations and supply continuity of logistics management in hard times. While organizations work on giving the best services to customers, the shipping industry has been affected by the work life changes of the pandemic. Remote work opportunities for employees of onshore maritime organizations has led to sustainable changes for the future of global maritime business. Therefore, changes have been felt in talent management in new shipping, changing maritime ethics and affected maritime industry psychology during Covid19 pandemic, employees' motivation, importance of seafarers, employee rights and responsibilities. The book addresses the future state of maritime organizations, the future of work in the maritime industry, seafarers, onshore employees, employers, definition of remote work amidst changes and new regulations in the new world normal to reveal how such change effected the global maritime industry. This book will shed light on the Leaders and Managers from maritime and logistics industries by sharing experiences, new paradigms, practices and strategies. This provides practical ideas and ways to cope with the consequences of the New Normal in the wake of the pandemic crisis worldwide. Furthermore, the book inspires other people, particularly in the maritime industry as well administrators, employees, leaders and those in senior management positions on how to survive during this period of uncertainties and challenges in operating their business and their human resources management activities.

This book aims to study, from an approach linked to epistemology and the history of ideas, the evolution of economic science and its differing seminal systems. Today mainstream economics solves certain problems chosen within the scope of "normal science," without questioning the epistemological foundations that support the paradigm within which they were conceived. Contrary to a Neoclassical interpretation, the historicist interpretation shows that, from the incommensurability of the different paradigms, it is impossible to conceive of a progress of economic science, in a long-term perspective. This book ultimately reveals, from the different economic schools of thought analyzed, that there is no pure form of episteme, or system of understanding. Each concrete episteme in the history of economic thought is by nature hybrid in the sense that it contains components from preceding systems of knowledge.

The search for the pioneers of financial economics contained in this volume places the origins of financial economics well outside the conventional boundaries of the history of economic thought. Under the editorship of Geoffrey Poitras, a leading authority on the history of financial economics, these specially commissioned essays comprise contributions on the seventeenth to the early twentieth centuries, and include the work of both well-known and less familiar historical figures. The subjects studied display a variety of philosophical foundations and include: Jacob Bernoulli, Joseph de la Vega, Edmond Halley, Abraham de Moivre, Duvillard de Durand, Jules Regnault, Henri Lefevre, Louis Bachelier, and Vincenz Bronzin. Life annuity valuation, the modified internal rate of return, the nineteenth-century science of financial investments, and the early development of option pricing models are just some of the issues dealt with by these early thinkers and explored in depth within these pages. An outstanding volume of original analysis, Pioneers of Financial Economics is an essential reference source of seminal contributions on the early history of financial economics.

"State, Economy and the Great Divergence" provides a new analysis of what has become the central debate in global economic history: the 'great divergence' between European and Asian growth. Focusing on early modern China and Western Europe, this book offers a new level of detail on comparative state formation that has wide-reaching implications for European, Eurasian and global history.Beginning with a comprehensive overview of the historiography, Peer Vries goes on to extend and develop the debate, critically engaging with the huge volume of literature published on the topic to date. Incorporating new insights into the case of Europe, he offers a compelling alternative to the exaggerated claims to East-West equivalence, or Asian superiority, which have come to dominate discourse surrounding this issue.This is a vital update to a key issue in global economic history and, as such, is essential reading for students and scholars interested in keeping up to speed with the on-going debates.

Through this book's roughly 50 reference entries, readers will gain a better appreciation of what life during the Industrial Revolution was like and see how the United States and Europe rapidly changed as societies transitioned from an agrarian economy to one based on machines and mass production. The Industrial Revolution remains one of the most transformative events in world history. It forever changed the economic landscape and gave birth to the modern world as we know it. The content and primary documents within The Industrial Revolution: History, Documents, and Key Questions provide key historical background of the Industrial Revolution in Europe and the United States, enable students to gain unique insights into life during the period, and allow readers to perceive the similarities to developments in society today with ongoing advances in current science and technology. Roughly 50 reference entries provide essential information about the most important people and developments related to the Industrial Revolution, including Richard Arkwright, coal, colonialism, cotton, the factory system, pollution, railroads, and the steam engine. Each entry provides information that gives readers a sense of the importance of the topic within a historical and societal perspective. For example, the coverage of movements during the Industrial Revolution explains the origin of each, including when it was established, and by whom; its significance; and the social context in which the movement was formed. Each entry cites works for further reading to help users learn more about specific topics. Provides entries on a wide range of ideas, individuals, events, places, movements, organizations, and objects and artifacts of the Industrial Revolution that allow readers to better grasp the lasting significance of the period Offers a historical overview essay that presents a narrative summary of the causes of the Industrial Revolution and a timeline of the most important events related to the Industrial Revolution Includes primary sources-each introduced by a headnote-that supply contemporary perspectives on vital elements of social history, especially the actions and conditions of laborers during the Industrial Revolution, providing insights into people's actions and motivations during this time of transition

The period between the close of the Kennedy Round and the opening of the Uruguay Round replaced a decade of fast growth in world output and trade - and of prevailing harmony in trade relations across the Atlantic - with twenty years of currency and trade turmoil and strains between the US and the EC. Giuseppe La Barca provides a comprehensive account of these trade developments and the measures adopted by the US and the EC to cope with them; in doing so, he draws a wider picture of international trade policy-making during the period. The aftermath of the Kennedy Round witnessed the undoing of the Bretton Woods regime, but the consequent overheating of the world economy resulted in an acceleration of international trade while settlement in the currency area contributed to the launching of the Tokyo Round negotiations. The first oil shock heralded an unprecedented slump along with a jump in unemployment and inflation rates. The Tokyo Round resulted only in a first step in eliminating non-tariff barriers, leaving contentious issues between the two transatlantic trading partners unsettled. The second oil shock led to growing calls for protectionism and unilateralism particularly in the US, and the Reagan administration pressed for the launch of the Uruguay Round only partially supported by the EC. Providing an in-depth analysis of trade developments involving the two most important economic actors, and placing these developments in a multilateral, international context, this book offers new insights to scholars of economic history and international political economy.

Spaces of Responsibility explores the role of ethics in (re)ordering extractive relations under the global condition. Through an empirical investigation of actors, places, and ideas in and around Burkina Faso's industrial gold mining sector, this volume carries out an anti-essentialist yet critical examination, offering new insights into global mining capitalism. Corporate concession-making practices, the implementation of (national) mining legislation, and civil society interventions in mining areas all contribute in different ways to the dialectics of the global. Accordingly, the ongoing territorialization of mining investment often has considerable impacts on the well-being of populations in the Global South. At the same time, multinational corporations today cannot completely distance or isolate themselves from the political, economic, and social contexts they are interacting in and with. Drawing on theoretical debates about the links between resource extraction and socio-economic development, multi-scalar negotiations of ethics in mining governance are ethnographically retraced. In terms of gains and benefits, these negotiations manifest themselves spatially, providing access for some actors while excluding others.

This book comprehensively investigates the position of China's working class between the 1980s and 2010s and considers the consequences of economic reforms in historical perspective. It argues the case that, far from the illusion during the Maoist period that a new society had been established where the working classes held greater political and economic autonomy, economic reforms in the post-Mao era have led to the return of traditional Marxist proletariats in China. The book demonstrates how the reforms of Deng Xiaoping have led to increased economic efficiency at the expense of economic equality through an extensive case study of an SOE (state-owned enterprise) in Sichuan Province as well as wider discussions of the emergence of state capitalism on both a micro and macroeconomic level. The book also discusses workers' protests during these periods of economic reform to reflect the reformation of class consciousness in post-Mao China, drawing on Marx's concept of a transition from a 'class-in-itself' to a 'class-for-itself'. It will be valuable reading for students and scholars of Chinese economic and social history, as well as political economy, sociology, and politics.

You Spend It. You Save It. You Never Have Enough of It. But how does money actually work? Understanding cash, currencies and the financial system is vital for making sense of what is going on in our world, especially now. Since the 2008 financial crisis, money has rarely been out of the headlines. Central banks have launched extraordinary policies, like quantitative easing or negative interest rates. New means of payment, like Bitcoin and Apple Pay, are changing how we interact with money and how governments and corporations keep track of our spending. Radical politicians in the US and UK are urging us to transform our financial system and make it the servant of social justice. And yet, if you stopped for a moment and asked yourself whether you really understand how it works, would you honestly be able to say 'yes'? In Money in One Lesson, Gavin Jackson, a lead writer for the Financial Times, specialising in economics, business and public policy, answers the most important questions to clarify for the reader what money is and how it shapes our societies. With brilliant storytelling, Jackson provides a basic understanding of the most important element of our everyday lives. Drawing on stories like the 1970s Irish Banking Strike to show what money actually is, and the Great Inflation of West Africa's cowrie shell money to explain how it keeps its value, Money in One Lesson demystifies the world of finance and explains how societies, both past and present, are forever entwined with monetary matters.

From professional team sports to international events such as the Olympics and Tour de France, the modern sports industry continues to attract a large number of spectators and participants. This book, edited by John K. Wilson and Richard Pomfret, analyzes the economic evolution of sports over the last 150 years, from a pastime activity to a big business enterprise. It begins at a time when entrepreneurs and players first started making money from professional sports leagues, through to the impact of radio and TV in the twentieth century, and on to the present day. Using examples from sports across the world, the chapters cover such important issues as player migration, labor market restrictions, stadium arrangements and the rise and fall of workplace provisions. Unlike most sports economic texts, the contributors featured here provide insights into the historical origins of many practices and policies peculiar to the industry. This historical perspective casts light onto the development of practices, such as labor market regulations and public policies, which have become more prevalent in the modern age. The non-technical, user-friendly nature of this book will appeal to many students, particularly those enrolled in sports economics courses - a field of study which is increasingly common. Academics will also find this book to be a timely reference for their research and teaching. Contributors include: L. Borrowman, A. Carter, J. Cranfield, L. Frost, A.K. Halabi, K. Inwood, A. Kawaura, S. La Croix, M. Lightbody, J.-F. Mignot, R. Pomfret, J.A. Ross, W. Vamplew, J.K. Wilson

The literature of monetary economics has been characterised by controversy and changes in the received wisdom throughout its history. The controversies have related not merely to the effects on incomes and prices of changes in the money supply, but even to the question of whether causality runs from money to incomes and prices or vice versa. This book begins with the pioneering work of the sixteenth century French writer Jean Bodin, followed by the celebrated John Law, and John Locke (and his eighteenth century critics). It considers both the theory and the evidence involved in the controversy between the Currency and Banking schools. Closely related to this was the work of two writers, Thomas Joplin and Walter Bagehot, both of whom provided perspectives strikingly different from those of the main controversialists and, in so doing, advanced the subject of monetary economics. The book seeks, through the examination of monetary controversies, to provide an historical perspective on modern understanding of monetary policy. It will be essential reading for economists with an interest in monetary economics and the history of economic thought.

The global expansion of European colonization is commonly perceived as lawful according to the valid European colonial law of the time. This book is substantially challenging this belief by uncovering its legal justifications based on discovery and terra nullius as retrospectively created legal fictions and demonstrating its untenability in practice. Focused on the critical reconstruction of Spanish and Dutch colonization practices in northeastern South America, Trinidad and Tobago between 1498 and 1817, the book offers an illuminating view on the European shadow of the colonial past in the Americas. Based on the application of an innovative comparative spatio-legal Global History approach to 1,770 excavated European colonial written sources from archives of both sides of the Atlantic in comparison to the colonial legal provisions of Europes most influential legal writers, the book, moreover, provides a substantial argument to the contemporary Caribbean-European reparation debate in favor of the return of Indigenous Peoples historical territories. Therefore, the book calls for the extension of the traditional territory approach to reparations of the United Nations Declaration of the Rights of Indigenous Peoples (UNDRIPs) and the Inter-American Court of Human Rights (IACHR).

Improvement was a new concept in seventeenth-century England; only then did it become usual for people to think that the most effective way to change things for the better was not a revolution or a return to the past, but the persistent application of human ingenuity to the challenge of increasing the country's wealth and general wellbeing. Improvements in agriculture and industry, commerce and social welfare, would bring infinite prosperity and happiness. The word improvement was itself a recent coinage. It was useful as a slogan summarising all these goals, and since it had no equivalent in other languages, it gave the English a distinctive culture of improvement that they took with them to Ireland and Scotland, and to their possessions overseas. It made them different from everyone else. The Invention of Improvement explains how this culture of improvement came about. Paul Slack explores the political and economic circumstances which allowed notions of improvement to take root, and the changes in habits of mind which improvement accelerated. It encouraged innovation, industriousness, and the acquisition of consumer goods which delivered comfort and pleasure. There was a new appreciation of material progress as a process that could be measured, and its impact was publicised by the circulation of information about it. It had made the country richer and many of its citizens more prosperous, if not always happier. Drawing on a rich variety of contemporary literature, The Invention of Improvement situates improvement at the centre of momentous changes in how people thought and behaved, how they conceived of their environment and their collective prospects, and how they cooperated in order to change them.

On the 100th anniversary of the birth of one of the 20th century's most accomplished and controversial economists, scholars from around the world reflect on the legacy of Joan Robinson's work. Addressing Robinsonian themes in growth, money, trade and methodology, their essays provide fresh perspectives on old questions. Joan Robinson's first priority was not theoretical perfection or abstract rigor. The arcane debates of the profession had little practical relevance and became increasingly tedious to her. Ironically, much of current economic theory embraces the realism she was striving toward. Indeed, as the essays in this volume show, she was in many ways ahead of her time. The volume begins by tracing the intellectual contours of her work and discussing the people and events that shaped her thinking. The succeeding chapters address her theories on accumulation, capital, and equilibrium, her interpretation of Marx, as well as the influence of Piero Sraffa. Several chapters analyze and extend her theory of growth, illustrating the wide applicability of her approach. A compelling exploration of Joan Robinson's contributions, this volume will be of great interest to scholars interested in growth, income distribution, post-Keynesian economics, macroeconomics, history of thought, money, capital theory, international trade and finance.

The general store in late-nineteenth-century America was often the economic heart of a small town. Merchants sold goods necessary for residents' daily survival and extended credit to many of their customers; cash-poor farmers relied on merchants for their economic well-being just as the retailers needed customers to purchase their wares. But there was more to this mutual dependence than economics. Store owners often helped found churches and other institutions, and they and their customers worshiped together, sent their children to the same schools, and in times of crisis, came to one another's assistance.

For this social and cultural history, Linda English combed store account ledgers from the 1870s and 1880s and found in them the experiences of thousands of people in Texas and Indian Territory. Particularly revealing are her insights into the everyday lives of women, immigrants, and ethnic and racial minorities, especially African Americans and American Indians.

A store's ledger entries yield a wealth of detail about its proprietor, customers, and merchandise. As a local gathering place, the general store witnessed many aspects of residents' daily lives--many of them recorded, if hastily, in account books. In a small community with only one store, the clientele would include white, black, and Indian shoppers and, in some locales, Mexican American and other immigrants. Flour, coffee, salt, potatoes, tobacco, domestic fabrics, and other staples typified most purchases, but occasional luxury items reflected the buyer's desire for refinement and upward mobility. Recognizing that townspeople often accessed the wider world through the general store, English also traces the impact of national concerns on remote rural areas--including Reconstruction, race relations, women's rights, and temperance campaigns.

In describing the social status of store owners and their economic and political roles in both small agricultural communities and larger towns, English fleshes out the fascinating history of daily life in Indian Territory and Texas in a time of transition.

In light of the recent and ongoing surge of interest in Alfred Marshall's work, this new and original reference volume fills a gap in the literature through a detailed examination of his thought and of his contributions to economics and social science. The Companion places Alfred Marshall's ideas in their historical context, highlighting the many streams of social research originating from them. The contributors form a remarkable cast of leading experts, covering a spectrum of Marshallian themes and issues, including: * his life and work * background and influences * scope and methodology of economics * economic analysis - including distribution theory, industrial economics and money * social and political issues * relations with his contemporaries * the Marshallian tradition * relevance to contemporary economics. This comprehensive and multidisciplinary Companion illustrates the relevance of Marshall to present-day economic reality and as such will prove an invaluable reference tool for general economists and a wide ranging audience: historians of economic thought; economic, political and cultural historians; industrial, regional and development economists; economists interested in institutional, cognitive and evolutionary economics.