This first volume, History and its Betrayal, traces the development of major themes of liberalism from the increase in human population beyond the limits of the face-to-face society of tribalism and small groups up until the present day. It shows that the principles underlying liberalism are the evolutionary development of social organizations that have resulted from the complexity of human action rather than any conscious design or purpose. This book draws out the differences between the classical liberalism dependent upon spontaneous and tacit ordering as a result of evolution, and the explicit or conscious or directed version of progressivism. It shows that the most important recent developments in the philosophy of rationality and the methodology of scientific research, as well as in evolutionary epistemology and the philosophy of biology, actually stem from the theories of complex social organization of the moralists such as Hume, Ferguson, and Smith. The book shows clearly that classical liberalism was never refuted-indeed, no attempt to do so has been offered-it has simply been ignored in favour of programs which sound beneficial and soothing but which cannot be instituted without returning to tribalism.

A key book on Zimbabwe's industrial policy and the relationship between manufacturing, the state, and economic interest groups. Under pressure from local manufacturers, and recognising that industrial policy was a legitimate instrument for development, on 1 July 2016, to boost domestic production, the Government of Zimbabwe passed Statutory Instrument 64 which limited imports and foreign manufactures, allowing local producers satisfy demand. Zimbabwe's neighbours immediately protested that this flouted the Southern Africa Development Community (SADC)'s Protocol on Trade, which aimed to increase trade across borders at regional and national levels. This matter revived the conversation about protectionism as an instrument of industrial policy. Protectionism in Africa is neither limited to Zimbabwe, nor is it a new phenomenon. This book brings a historical perspective to the conversation by exploring the policy proposals and political pressure exerted by manufacturing businesses on the trajectory of industrialisation in colonial Zimbabwe, and reveals that the major point of contention between the state, industry, and other economic interest groups in this period was protection. Tracing changing attitudes to the country's political economy, the author examines the way in which industrialists advanced their interests through the Association of Rhodesian Industries (ARnI) and other trade bodies, and shows how this pitted them not only against the state but other blocs of capital - farmers, miners and commerce. He examines the impact of the post-war Customs Union Agreement with South Africa, manufacturing strategy under UDI, and examines the impact of Southern Rhodesia's development on its trading partners in South Africa, Zambia and Malawi. Casting new light on the continuing debate on regional trade, this important book adds to our understanding of the settler colony's economic, business, and political history.

Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from different theoretical perspectives. Its uniqueness is derived from the original contributions by a number of scholars of different persuasions; some within the mainstream and others from Keynesian-Kaleckian-Sraffian positions. The book deals with a wide variety of research topics concerning economic growth and distribution, such as the transition from the epoch of Malthusian stagnation to the contemporary era of modern economic growth; comparisons among the classical tradition, modern theory, and heterodox models; problems of policy; dynamics and business cycles; and the role of institutions. For its emphasis on comparisons and complementariness among alternative theories of growth and distribution, Economic Growth and Distribution complements the work of advanced textbooks on the topic. It is a companion to Innovation, Unemployment and Policy in the Theories of Growth and Distribution (edited by N. Salvadori and R. Balducci) and Classical, Neoclassical and Keynesian Views on Growth and Distribution (edited by N. Salvadori and C. Panico). The book will be appreciated by scholars of the theory of economic growth, the theory of distribution, macroeconomics, classical and Keynesian economics, as well as historians of economic thought.

We might think sustainable management is a new idea, created in the 1960s by enlightened modern scientists. We might think that it puts us on a new path, beyond what management was originally about. But this is not true. Sustainable management is as old as civilization and was a foundation stone of management science as it was formed in the first decade of the 20th century. Recovering this forgotten past provides deeper roots and greater traction to advance sustainable management in our own times. This book charts a history of sustainable management from premodern times, through the birth of management science as an offshoot of the conservation movement, to the present day. The authors argue that modern tools like Triple Bottom Line reporting and multiple Sustainable Development Goals may be less useful than a return to a more fundamental and holistic view of management.

Winner of the 2021 Lionel Gelber Prize: A provocative look at how today's trade conflicts are caused by governments promoting the interests of elites at the expense of workers "The authors weave a complex tapestry of monetary, fiscal and social policies through history and offer opinions about what went right and what went wrong . . . Worth reading for their insights into the history of trade and finance."-George Melloan, Wall Street Journal "This is a very important book."-Martin Wolf, Financial Times Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. Across the world, the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt. In this thought-provoking challenge to mainstream views, the authors provide a cohesive narrative that shows how the class wars of rising inequality are a threat to the global economy and international peace-and what we can do about it. Longlisted for the 2020 Financial Times & McKinsey Business Book of the Year Award and named a Best Business Book of 2020 by Strategy + Business

This new edition of An Economic History of Early Modern India extends the timespan of the analysis to incorporate further research. This allows for a more detailed discussion of the rise of the British Empire in South Asia and gives a fuller context for the historiography. In the years between the death of the emperor Aurangzeb (1707) and the Great Rebellion (1857), the Mughal Empire and the states that rose from its ashes declined in wealth and power, and a British Empire emerged in South Asia. This book asks three key questions about the transition. Why did it happen? What did it mean? How did it shape economic change? The book shows that during these years, a merchant-friendly regime among warlord-ruled states emerged and state structure transformed to allow taxes and military capacity to be held by one central power, the British East India Company. The author demonstrates that the fall of warlord-ruled states and the empowerment of the merchant, in consequence, shaped the course of Indian and world economic history. Reconstructing South Asia's transition, starting with the Mughal Empire's collapse and ending with the great rebellion of 1857, this book is the first systematic account of the economic history of early modern India. It is an essential reference for students and scholars of Economics and South Asian History.

This edited volume represents the latest research on intersections of war, state formation, and political economy, i.e., how conflicts have affected short- and long-run development of economies and the formation (or destruction) of states and their political economies. The contributors come from different fields of social and human sciencies, all featuring an interdisciplinary approach to the study of societal development. The types of big issues analyzed in this volume include the formation of European and non-European states in the early modern and modern period, the emergence of various forms of states and eventually modern democracies with extensive welfare states, the violent upheavals that influenced these processes, the persistence of dictatorships and non-democratic forms of government, and the arrival of total war and its consequences, especially in the context of twentieth-century world wars. One of the key themes is the dichotomy between democracies and dictatorships; namely, what were the origins of their emergence and evolution, why did some revolutions succeed and other fail, and why did democracies, on the whole, emerge victorious in the twentieth-century age of total wars? The contributions in this book are written with academic and non-academic audiences in mind, and both will find the broad themes discussed in this volume intuitive and useful.

Since the end of the eighteenth century, the insurance industry has cast a safety net around the world, first in the British Isles and then further afield, irrespective of cultural, political and ideological divides. Unlike previous publications on insurance history, which tend to discuss the development of national markets or individual companies, this book focuses on the creation of networks across borders from the end of the eighteenth century to the present day.
Distinguished international economic historians draw upon examples from twenty countries across the continents to demonstrate how what was called the 'British system' of risk management spread out in waves, and describes the forces that made this possible--first among them migration from Europe and international trade. The book explores the economic, political, religious, and cultural obstacles that blocked the path of this European invention--not only religious law and traditional practices, but above all protectionism, inflation, and political ideologies. It examines the process of transformation through which modern insurance supplanted traditional forms of protection against perils and risks and was able to keep on offering new ways of dealing with the risks of modern life. As well as discussing primary insurance, it also considers the role played by reinsurance, without which the losses arising out of today's natural and man-made disasters would be immeasurably greater. Finally, taking modern-day disaster scenarios as examples, the book shows just what the limits of insurability are and what risks worldwide networks entail.

A jaw-dropping microhistory of the global economy over the last fifty years told through the many lives of a single ship.

At 94 meters long and 9,500 deadweight tonnes, once called the Bibby Resolution, is an unremarkable hulk, crossing the oceans unnoticed. And yet, the astonishing journey of this boat can tell us the story of the modern world.

First built as a Swedish offshore oil rig in the 1970s, it went on to become a barracks for British soldiers in the Falklands War in the 1980s, a jail off New York in the 1990s, a prison in Portland in the 2000s, and accommodation for Nigerian oil workers off the coast of Africa in the 2010s. It has been called Safe Esperia, HMP The Weare, even 'The Love Boat'. In each of its lives this empty vessel has been commanded by economic forces much larger than itself: private investment, war, mass incarceration, imperial interests, national sovereignty, inflation, booms, busts and greed.

Through its encounters with a world of island tax havens, the English court system, exploited labour forces, free banking zones or immigration politics, the ordinary boat at the heart of this story reveals our complex modern economy to us, connecting the dots of a dramatically changing world in the making, and warning us of its dangerous consequences.

This book gathers several important texts to offer an overview of the institutionalist approach to money developed in France since the 1980s. This material highlights the specificities of the French monetary approaches and their main contributions to the understanding of monetary phenomena - not just in developed market economies but in other societies as well. By bringing these works to an English-speaking audience for the first time, this book will provide a much needed and valuable direct insight into this subject area and contribute to related post-Keynesian, neo-chartalist and sociological approaches to money. This book highlights the need for a global vision of money and for a clearer grasp of the link between money and the political sphere. It will appeal to students and researchers across various disciplines including but not limited to economics, anthropology, sociology, history and philosophy.

This book focuses on the trans-Meiji Restoration story of the ideological transformation that made modern capitalism possible in Japan. At the end of the Tokugawa era, there was a shift away from traditionally hostile Confucian views of commercial growth toward economic development as the main source of national wealth, power and prestige. To illustrate this transformation, the book looks at four key architects of Meiji Japan's capitalist institutions: Okubo Toshimichi, Godai Tomoatsu, Matsukata Masayoshi and Maeda Masana.

This book brings together for the first time more than half a dozen proposals for an imperial paper currency in the mid-eighteenth century British Atlantic, to show how manage colonial currency and banking in the expanding empire. Existing studies have looked at the successes and failures of schemes in individual colonies. But some had grander ambitions, such as Benjamin Franklin, and offered proposals for 'imperial' or 'continental' paper currencies and monetary unions which would help knit together colonial territories throughout North America and even the Caribbean into a cohesive whole during a moment of imperial reform. This book brings together these proposals for the first time, including several never studied before, to show how thinkers and writers on empire, currency and finance drew on financial practices, precedents and principles from across the British Atlantic to present their own visions of monetary union and the future of empire. In doing so it makes an important and original contribution to the wider histories of monetary and financial thought and theory and the roots of American monetary policy, and the links between finance, empire, politics, reform and revolution. It will be of interest to academics working on the history of finance, banking and currency in the British Isles, North America and the Caribbean in the eighteenth century, as well as those working on the political economy of the British Empire, including mercantilism, trade, warfare and the politics of empire in the decades leading up to the American Revolution.

The financial humbling of a great power in any age demands explanation. In the War of the Spanish Succession (1701-14) Louis XIV's France had to fight way beyond its borders and the costs of war rose to unprecedented heights. With royal income falling as economic activity slowed down, the widening gap between revenue and expenditure led the government into a series of desperate expedients. Ever-larger quantities of credit, often obtained through fairly novel and poorly-understood financial instruments, were combined with ill-advised monetary manipulations. Moreover, through poor ministerial management the system of earmarking revenues for spending descended into chaos. All this forced up the cost of loans, foreign exchange, and military logistics as government contractors and bankers built the mounting risks into the price of their contracts and sought to profit from the situation. There was already a problem with controlling royal contractors, who ran the entire financial machinery, but this only grew worse, not least because the government further indemnified and bailed out men deemed too essential to fail. In some cases entrepreneurs even managed to penetrate the corridors of the ministries, either as heads of royal agencies or even as junior ministers. This added up to nothing less than an early military-industrial complex. As state debt climbed to astronomical levels and financial instruments collapsed in value France's chances of remaining the superpower of the age shrank. The military decline of a great power often goes hand-in-hand with its financial decline, but rarely so dramatically as in early eighteenth-century France.

With American independence came the freedom to sail anywhere in the world under a new flag. During the years between the Treaty of Paris and the Treaty of Wangxi, Americans first voyaged past the Cape of Good Hope, reaching the ports of Algiers and the bazaars of Arabia, the markets of India and the beaches of Sumatra, the villages of Cochin, China, and the factories of Canton. Their South Seas voyages of commerce and discovery introduced the infant nation to the world and the world to what the Chinese, Turks, and others dubbed the "new people." Drawing on private journals, letters, ships' logs, memoirs, and newspaper accounts, Dane A. Morrison's True Yankees traces America's earliest encounters on a global stage through the exhilarating experiences of five Yankee seafarers. Merchant Samuel Shaw spent a decade scouring the marts of China and India for goods that would captivate the imaginations of his countrymen. Mariner Amasa Delano toured much of the Pacific hunting seals. Explorer Edmund Fanning circumnavigated the globe, touching at various Pacific and Indian Ocean ports of call. In 1829, twenty-year-old Harriett Low reluctantly accompanied her merchant uncle and ailing aunt to Macao, where she recorded trenchant observations of expatriate life. And sea captain Robert Bennet Forbes's last sojourn in Canton coincided with the eruption of the First Opium War. How did these bold voyagers approach and do business with the people in the region, whose physical appearance, practices, and culture seemed so strange? And how did native men and women-not to mention the European traders who were in direct competition with the Americans-regard these upstarts who had fought off British rule? The accounts of these adventurous travelers reveal how they and hundreds of other mariners and expatriates influenced the ways in which Americans defined themselves, thereby creating a genuinely brash national character-the "true Yankee." Readers who love history and stories of exploration on the high seas will devour this gripping tale.

At the center of sweeping change to food retailing practices in Victorian and Edwardian England lies one man: John Pearce. An innovative businessman and a quintessential rags-to-riches success story, Pearce was at the forefront of the rise of the mass food market in London. With his catering company Pearce & Plenty, he fed millions of workers who wanted fast, nutritious, and tasty food. David W. Gutzke mines a wide range of primary sources to offer a portrait of a pivotal figure in London and a leader of the temperance catering movement who had "done more than can be readily recognised to render London a sober city." By studying Pearce's companies as well as those of his competitors, this book documents a half century of changing consumption habits in London.

Development has remained elusive in Africa. Through theoretical contributions and case studies focusing on Southern Africa's former white settler states, South Africa and Zimbabwe, this volume responds to the current need to rethink (and unthink) development in the region. The authors explore how Africa can adapt Western development models suited to its political, economic, social and cultural circumstances, while rejecting development practices and discourses based on exploitative capitalist and colonial tendencies. Beyond the legacies of colonialism, the volume also explores other factors impacting development, including regional politics, corruption, poor policies on empowerment and indigenization, and socio-economic and cultural barriers.

This two-volume collection analyses the evolution of wine production in European regions across the nineteenth and twentieth centuries. France and Italy in particular have shaped modern viticulture, by improving oenological methods and knowledge, then disseminating them internationally. This second volume looks closely at wine markets and trade, also examining the role of institutions and quality regulation.

This book focuses on the ancient Near East, early imperial China, South-East Asia, and medieval Europe, shedding light on mathematical knowledge and practices documented by sources relating to the administrative and economic activities of officials, merchants and other actors. It compares these to mathematical texts produced in related school contexts or reflecting the pursuit of mathematics for its own sake to reveal the diversity of mathematical practices in each of these geographical areas of the ancient world. Based on case studies from various periods and political, economic and social contexts, it explores how, in each part of the world discussed, it is possible to identify and describe the different cultures of quantification and computation as well as their points of contact. The thirteen chapters draw on a wide variety of texts from ancient Near East, China, South-East Asia and medieval Europe, which are analyzed by researchers from various fields, including mathematics, history, philology, archaeology and economics. The book will appeal to historians of science, economists and institutional historians of the ancient and medieval world, and also to Assyriologists, Indologists, Sinologists and experts on medieval Europe.

Shopping in Ancient Rome provides the first comprehensive account of the retail network of this ancient city, an area of commerce that has been largely neglected in previous studies. Given the remarkable concentration of consumers in ancient Rome, the vast majority of which were entirely reliant on the market for survival, a functioning retail trade was vital to the survival of Rome in the late Republic and the Principate. In this volume Holleran provides the first systematic account of Rome's retail sector through a comprehensive analysis of the literary, legal, epigraphic, and archaeological evidence together with wide-ranging and innovative comparative studies of the distributive trades. Investigating the diverse means by which goods were sold to consumers in the city, and the critical relationship between retail and broader environmental factors, Holleran places Roman retail trade firmly within the wider context of its urban economy. In considering the roles played by shops, workshops, markets, fairs, auctions, street sellers, and ambulant vendors in the distribution of goods to the inhabitants of the city, the volume sheds new light on the experience of living in the ancient city and explores the retail trade of Rome in its totality.

This is an invaluable survey of the most influential theoretical approaches adopted for the study of medieval economy and society. It offers a readily intelligible introduction to medieval economic history, an up-to-date critique of established models, and a succinct treatise on historiographical method, and will be essential reading for graduate students and historians of medieval and early modern England.

This book clarifies the challenges and outcomes of the Sunshine Project, a national project in Japan for developing new energy that was launched about 40 years ago at the time of the first oil crisis in the early 1970s and ended, as planned, in the early 2000s. The Sunshine Project was the government's national project for developing new energy technologies such as solar energy and other natural energy sources-what we call renewable energy today. The book considers why policies were successful in some areas but did not have the intended effect in other areas. It explains how technology innovation was employed to achieve energy policy goals and to tackle environmental issues. If we can present suggestions for how to structure national projects, it may also be possible to identify ways for industry, government, and academia to come together to find solutions not only to environmental energy problems, but also to other social problems. Herein lies the goal of this book. Although the development of new energy is the main subject of the book, the author also scrutinizes the governmental decision-making process involved in planning policy, the creative process, and the design of systems of collaboration between industry, government, and academia as well as cases where corporations have developed commercial versions of new energy products. The main part of the book consists of three case studies interspersed with two reflective chapters. The first case study describes the Sunshine Project from the perspective of project management based on the perspective of government. The second case study is a detailed examination of the routines in all organizations, whether industry, government, or academia, and of the autonomy of the project organization. The third case study increases the degree of detail to focus on the smallest unit of analysis, the intentions and motivations of key individuals participating in the project.

The University of Oxford has been and continues to be one of the most important global centres for economics. With six chapters on themes in Oxford economics and 24 chapters on the lives and work of Oxford economists, this volume shows how economics became established at the University, how it produced some of the world's best-known economists, including Francis Ysidro Edgeworth, Roy Harrod and David Hendry, and how it remains a global force for the very best in teaching and research in economics. With original contributions from a stellar cast, this volume provides economists - especially those interested in macroeconomics and the history of economic thought - with the first in-depth analysis of Oxford economics.