First Published in 2005. Routledge is an imprint of Taylor & Francis, an informa company.

Technical changes in the first half of the nineteenth century led to unprecedented economic growth and capital formation throughout Western Europe; and yet Ireland hardly participated in this process at all. While the Northern Atlantic Economy prospered, the Great Irish Famine of 184550 killed a million and a half people and caused hundreds of thousands to flee the country. Why the Irish economy failed to grow, and why Ireland starved remains an unresolved riddle of economic history.
Professor Mokyr maintains that the Hungry Forties were caused by the overall underdevelopment of the economy during the decades which preceded the famine. In Why Ireland Starved he tests various hypotheses that have been put forward to account for this backwardness. He dismisses widespread arguments that Irish poverty can be explained in terms of over-population, an evil land system or malicious exploitation by the British. Instead, he argues that the causes have to be sought in the low productivity of labor and the insufficient formation of physical capital results of the peculiar political and social structure of Ireland, continuous conflicts between landlords and tenants, and the rigidity of Irish economic institutions.
Mokyrs methodology is rigorous and quantitative, in the tradition of the New Economic History. It sets out to test hypotheses about the causal connections between economic and non-economic phenomena. Irish history is often heavily coloured by political convictions: of Dutch-Jewish origin, trained in Israel and working in the United States. Mokyr brings to this controversial field not only wide research experience but also impartiality and scientific objectivity.
The book isprimarily aimed at numerate economic historians, historical demographers, economists specializing in agricultural economics and economic development and specialists in Irish and British nineteenth-century history. The text is, nonetheless, free of technical jargon, with the more complex material relegated to appendixes. Mokyrs line of reasoning is transparent and has been easily accessible and useful to readers without graduate training in economic theory and econometrics since ists first publication in 1983.

Of all the activities of the most neglected century in English History, England's tradce has received the least attention in proportion to its importance. It was obviously in the course of the later Middle Ages, and more particularly in the fifteenth century, that there took place the great transformation from medieval England, isolated and intensely local, to the England of the Tudor and Stuart age, with its world-wide connections and imperial designs. It was during the same period that most of the forms of international trade characteristic of the Middle Ages were replaced by new methods of commercial organization and regulation, national in scope and at times definitely nationalistic in object, and that a marked movement towards capitalist methods and principles took place in the sphere of domestic trade. Yet little has been written concerning English trade in this period.
First published in 1933, this classic volume goes a long way to fills this gap superbly. There is an abundance of material, and the writers have compiled a statistical analysis of the Enrolled Customs Account from 1377-1482, which provides an essential measure of the nature, volume, and movement of English foreign commerce during the period.

The economic history of the Middle East and North Africa is quite extraordinary.
This is an axiomatic statement, but the very nature of the economic changes that have stemmed directly from the effects of oil resources in these areas has tended to obscure longterm patterns of economic change and the fundamental transformation of Middle Eastern and North African economies and societies over the past two hundred years.
In this study Professor Issawi examines and explains the development of these economies since 1800, focusing particularly on the challenge posed by the use and subsequent decline of Western economic and political domination and the Middle Eastern response to it. The book beg ins with an analysis of the effects of foreign intervention in the area: the expansion of trade, the development of transport networks, the influx of foreign capital and resulting integration into international commercial and financial networks. It goes on to examine the local response to these external forces: migration within, to and from the region, population growth, urbanization and changes in living standards, shifts in agricultural production and land tenure and the development of an industrial sector. Professor Issawi discusses the crucial effects of the growth of oil and oil-related industries in a separate chapter, and finally assesses the likely gains and losses in this long period for both the countries in the area and the Western powers. He has drawn on long experience and an immense amount of material in surveying the period, and provides a clear and penetrating survey of an extraordinarily complex area.

Britains role in the mid-nineteenth century as the worlds greatest economic power was an extraordinary phenomenon, foreshadowed in the Industrial Revolution of the century before and originating from a unique combination of global and indigenous factors.
In this study Francois Crouzet analyses the growth and in late Victorian Britain decline of the nations economy, drawing on an immense amount of quantitative data to examine and explain its development. The book begins with a macroeconomic survey of the period, reviewing broad fluctuations in economic growth and the question of the mid-Victorian boom, structural changes in the balance of the economy, demographic movements, capital formation and the influence of Free Trade. Professor Crouzet then goes on to look in detail at the different sectors of the economy, assessing the effects of the relative decline of agriculture against industry, the growth of the tertiary sector, the rise of new industries such as armaments and the transport revolution. His final chapter analyses the reality of and reasons for Britains subsequent decline as a world economic superpower.
This study, first published in 1982, draws together a wide range of material and provides an invaluable framework for the understanding of a complex and richly-documented period.

Contents of this book are as follows: Introduction; Chapter 1 - The crisis of 1815; Chapter 2 - The crisis of 1825; Chapter 3 - The crisis of 1836-1839; Chapter 4 - The crisis of 1847; Chapter 5 - The crisis of 1857; Chapter 6 - The crisis of 1866; Chapter 7 - The crisis of 1873; Chapter 8 - The crisis of 1882; Chapter 9 - The crisis of 1890; and Chapter 10 - Remedies.

In 1929 two French historians, Lucien Febvre and Marc Bloch, founded "Annales, "a historical journal which rapidly became one of the most influential in the world. They believed that economic history, social history and the history of ideas were as important as political history, and that historians should not be narrow specialists but should learn from their colleagues in the social sciences.
Two of the most distinguished French members of the "Annales "school are represented in this volume - Fernand Braudel and Emmanuel Le Roy Ladurie - the core of which is the debate on the Price Revolution of the sixteenth century dealt with by Cipolla, Chabert, Hoszowski and Verlinden.
Within the volume, all the contributions are oriented towards Europe in the sixteenth and seventeenth centuries, and all are concerned with long-term changes, and with the relation between economic growth and social change. It includes articles on the European movement of expansion discussed by Malowist and the activities of the Hungarian nobles as entrepreneurs discussed by Pach, and two articles on wider issues: Le Roy Ladurie on the history of climate, and Braudel, summing up the "Annales "programme, on the relation between history and the social sciences. This classic text was first published in 1972.

First Published in 2005. In the decade of the sixties, which brought so many disappointments to the British people, one signal achievement stands out: the revival of "The City"-London's financial district-as a major centre of international finance. To work in the City now seems to hold the promise of moving up fast, not merely to good pay and good social standing but to an early share of responsibility. George Lewis French Bolton was born in 1900 and started work in the City before he was seventeen. This volume is a collection of works by Sir George Bolton on the revival of the City from 1957 to 1970.

The first volume in a new series examines German foreign policy towards Eastern Europe from 1890 to 1960, through a narrower focus on its trade policy actions with Poland, Czechoslovakia, and Imperial Russia/Soviet Union.

We live in a world in which financial markets have become completely decoupled from the real economy…

The world’s four largest banks now all reside in one nation: China…

Lines of code are considered more trustworthy than central banks…

In this broad-ranging, deeply researched review of modern banking and financial systems, analysts David Buckham, Robyn Wilkinson and Christiaan Straeuli unpick in parallel the ongoing erosion of trust in capitalist free markets and Western democratic institutions, and the directly related, unprecedented growth of the Chinese banking system. The former is a decades-long tale of intermittent market manipulation, inadequately regulated hubris and outright criminality, which produced the Global Financial Crisis, the most devastating financial meltdown since the Great Depression. The latter, which in various ways mirrors the conditions that led to the Crisis, may well prove worse.

In detailing the unheeded lessons of financial history, the authors reveal how the inconsistently managed tension between free markets and government regulation has led us from depression and regulation to deregulation and crisis. And with incursions into string theory, the mathematics of cryptocurrency and the intricacies of money supply, we discover what happens when an authoritarian command economy fills the moral and ideological vacuum left behind.

In a post-Covid world – in which we are witnessing booming stock markets entirely disconnected from real-world economic hardship, and communist billionaires propagating just as global inequality skyrockets – public trust in the international banking system has never been lower. This is an unprecedented survey of a fraught and complex landscape that has never been more urgent.

Economic themes underlie many aspects of Native American history from the fur trade, the devastating impact of European diseases, and the taking of Native American land to the current issues of uranium mining on Navajo land and casino gambling. Yet this is the first encyclopedia to analyze Native American history against an economic background. Describing the impact of Euro-American settlement from a Native American perspective, the book profiles the economies of roughly forty Native American tribes and nations from pre-Columbian times to the present. Other entries focus on demographics, such historical issues as the Allotment Act of 1887, and modern efforts at economic development. The book provides a valuable guide to an important area in Native American Studies and American economic history. Basing entries on Native nations, the work includes peoples living in present-day Canada, Mexico, Guatemala, and the United States. Along with nation profiles, the book includes historical information on demographics, economic conditions on reservations, and the economic basis for present-day attempts to increase Native American sovereignty. It is a concise, readable account of Native American history in a format suitable for undergraduates.

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.

For over a hundred years the Japanese have looked to the West for ideas, institutions and technology that would help them achieve their goal of 'national wealth and strength'. In this book a distinguished historian of Japan discusses Japan's 'cultural borrowing' from America and Europe. W. G. Beasley focuses on the mid-nineteenth century, when Japan's rulers dispatched diplomatic missions to the West to discover what Japan needed to learn, sent students abroad to assimilate information and invited foreign experts to Japan to help put the knowledge to practical use. Beasley examines the origins of the decision to initiate direct study of the West at a time when western countries counted as 'barbarian' by Confucian standards. Drawing on many colourful letters, diaries, memoirs and reports, he describes the missions sent overseas in 1860 and 1862, in 1865-1867 and in the years after 1868, in particular the prestigious embassy led by Iwakura in 1871-1873. The book also tells the story of the several hundred students who went overseas in this period. It concludes by assessing the impact of the encounters on the subsequent development of Japan, first by examining the later careers of the travellers and the influence they exercised (they included no fewer than six prime ministers of the late nineteenth and early twentieth centuries), and then by considering the nature of the ideas they brought home.

This 1989 book examines the experience of British business in Asia since 1860. Following a wide-ranging introduction by the editors, there are essays by leading specialist historians on British business in Iran, India, Thailand, Malaysia, China, Russian Asia and Japan. The primary focus is on the impact of British commerce in the region, and the essays, based on research in British business archives and government papers, discuss the activities and performance of British companies. However, the book seeks to avoid a 'Euro-centred' approach by using Asian as much as British sources and by paying particular attention to the indigenous response to British commercial activity. The secondary theme is the relationship between British business and British and foreign government. The book, therefore, contributes to the wider debate on the business aspects of imperialism. In general, the essays, although drawing on extensive research in primary sources, are written as general surveys, and are thus easily accessible to non-specialists and students.

This revised and expanded book focuses on Hilferding's major work, Finance Capital. In revisiting this influential book from a methodological point of view, both historical and intellectual, the authors affirm Hilferding's place in the Marxist tradition. Hilferding's ideas are used to criticise incumbent approaches in economics and enrich existing discussions and debates about the nature of modern capitalism. In doing so, this book highlights the importance of Hilferding's work in analysing and understanding modern capitalism and corporate developments. New material looking at Hilferding's economic journalism, debates around his work in Poland, and Eugene Varga's perspective on his work is also included.The book aims to explore Hilferding's central ideas on the political economy, as well as its historical context and relation to Marx. It will be relevant to students and researchers interested in the political economy, the history of economic thought, and European politics.

This is the first book that systematically considers the academic achievements of Japanese institutionalist post-Keynesian economists in the postwar period and argues that we can learn much from their intellectual heritage. Those Japanese economists include the world-renowned figures, Shigeto Tsuru and Hirofumi Uzawa, whose inheritance came from Keynes, Marx, and institutionalism. In the era of globalization after the 1990s, economic inequality and social divide have intensified all over the world. In this situation, the academic achievements of those economists in postwar Japan should be reconsidered for the aim of establishing a new political economy. With this perspective, the book looks at what we can learn from Japanese institutionalist post-Keynesian economists In particular, the essence of research work that each of them developed is identified, focusing on the total image of the economy for contemporary capitalism. Those economists benefited from the diverse legacies of Keynes, Marx, Kalecki and institutionalist economists such as Veblen and Galbraith. When their research is examined systematically, Japanese institutionalist post-Keynesians are commonly characterized as those who developed their institutional analysis of contemporary capitalism with in-depth theoretical and empirical studies, with the aim of establishing their own political economy as the moral science of civil society. These important features provide us with insightful implications for institutional economics in the 21st century.  

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.

This work examines the role money and debt play in our economy. It shows why we went from the gold standard to fiat money, why that led to increasing inflation up to 1980, and why inflation has receded since 1980. In addition, it explains how today's economic problems arose, why governments cannot solve those problems, and where those problems will lead us. Challenging conventional wisdom, the author suggests that high real interest rates in the 1980s reduced business' ability to profit by expanding productive capacity and reduced the attractiveness of borrowing for consumption. The resulting drive to buy assets instead, such as stocks and real estate, caused rapidly rising prices in those areas. The author foresees a depression resulting from these economic forces--one which governments will be unable to prevent.

This work is unique for it neither espouses any theory nor uses inductive or deductive reasoning; rather, it observes. Its observations of how economic sectors, central banks, governments, business, and consumers can and do use money and debt are trenchant and alarming.

This book provides a scholarly but accessible account of British regional development during the twentieth century, focusing on the emergence and development of theNorth-South divide. Beginning with regional imbalance in the Victorian and Edwardian economies, the book goes on to discuss the effects on the First World War and its aftermath, which created a discernible split between the depressed North and West, and the relatively prosperous South. Attention is also paid to the impact of government policy on regional development during the interwar years and beyond, and factors affecting industrial location in this period.

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.

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.

The industrial revolution stands out as a key event not simply in British history, but in world history, ushering in as it did a new era of sustained economic prosperity. But what exactly was the 'industrial revolution'? And why did it occur in Britain when it did? Ever since the expression was coined in the 19th century, historians have been debating these questions, and there now exists a large and complex historiography concerned with English industrialisation. This short history of the British Industrial Revolution, aimed at undergraduates, sets out to answer these questions. It will synthesise the latest research on British industrialisation into an exciting and interesting account of the industrial revolution. Deploying clear argument, lively language, and a fresh set of organising themes, this short history revisits one of the most central events in British history in a novel and accessible way. This is an ideal text for undergraduate students studying the Industrial Revolution or 19th Century Britain.

This third volume of Gyllenbok's encyclopaedia of historical metrology comprises the second part of the compendium of measurement systems and currencies of all sovereign states of the modern World (J-Z). Units of measurement are of vital importance in every civilization through history. Since the early ages, man has through necessity devised various measures to assist him in everyday life. They have enabled and continue to enable us to trade in commonly and equitably understood amounts, and to investigate, understand, and control the chemical, physical, and biological processes of the natural world. The encyclopeadia will be of use not only to historians of science and technology, but also to economic and social historians and should be in every major academic and national library as standard reference work on the topic.

Bernie Sanders' socialist advocacy in the United States, communist China's economic successes and a Marxist revival are inspiring many to muse about improved strategies for building superior socialist futures. Socialist Economic Systems provides an objective record of socialism's promises and performance 1820-2022, identifies a feasible path forward and provides a rigorous analytic framework for the comparison of economic systems. The book opens by surveying pre-industrial utopias from Plato to Thomas More, and libertarian communal designs for superior living. It plumbs all aspects of the revolutionary and democratic socialist political movements that emerged after 1870 and considers the comparative economic, political and social performance of the USSR and others from the Bolshevik Revolution onwards. The book also provides case studies for all revolutionary Marxist-Leninist regimes, and supplementary discussions of Mondragon cooperatives, Israeli kibbutzim, Nordic corporatism, and European democratic socialism. It investigates the theoretical and practical complexities of command-planning, reform communism, market communism, worker economic management and egalitarianism. It examines communism as an engine of economic growth, and a mechanism for improving people's quality of existence, including living standards, labor self-governance, egalitarianism, social justice, and prevention of crimes against humanity before addressing the perennial question of what needs to be done next. A suggested path forward is elaborated drawing lessons from the warts-and-all historical performance of socialist economies 1917-2022 and failed socialist prophesy. The evidence indicates that the key to 21st century socialism success lies in empowering workers of all descriptions to govern democratically for their mutual protection and welfare without the extraneous imposition of priorities imposed by other movements. The book is essential reading for anyone interested in Socialism, political economy, comparative economic systems and political and social history.

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.