In January 1682, William Culliford, a loyal and experienced officer in the King's customs service, began an extraordinary journey under Treasury orders to investigate the integrity and efficiency of the customs establishments of southwest England and south Wales as part of a drive to maximize the Crown's income from customs duties (on which it relied for much of its revenue). Starting at Bristol, Culliford eventually completed this daunting task in Cornwall over two years later in the spring of 1684. His report on each of the ports he inspected (the primary source for this book) revealed widespread smuggling and fraud in the context of a customs service both lacking in efficiency and riddled with corruption. The book documents the varied frauds and wide-ranging abuses uncovered and their facilitation by customs officers only too ready to collude with smugglers, dishonest merchants and seamen and to accept bribes to ignore tax evasion. It describes, too, Culliford's assessment of the administrative practices of each port inspected and his judgment on the levels of probity and efficiency of individual officers, detailing his recommendations for procedural improvements and the treatment of the corrupt and incompetent and, incidentally, of those suspected of political and religious dissent. Additionally, the book presents a body of statistical data on the customs revenue actually collected at individual ports in the 1670s and 1680s and surveys the extent and nature of the maritime trade of the ports Culliford examined. It thus not only throws light on the history of the customs service, but provides a rare insight into the interactions of economic, social and political issues in the later seventeenth century, and makes a valuable contribution to the particular histories of the ports and maritime districts visited by this energetic and tenacious investigator.

In pre-industrial societies, in which the majority of the population lived directly off the land, few issues were more important than the maintenance of soil fertility. Without access to biodegradable wastes from production processes or to synthetic agrochemicals, early farmers continuously developed strategies aimed at adding nutritional value to their fields using locally available natural materials. Manure really mattered, its collection/creation, storage, and spreading becoming major preoccupations for all agriculturalists no matter what environment they worked or at what period. This book brings together the work of a group of international scholars working on social, cultural, and economic issues relating to past manure and manuring. Contributors use textual, linguistic, archaeological, scientific and ethnographic evidence as the basis for their analyses. The scope of the papers is temporally and geographically broad; they span the Neolithic through to the modern period and cover studies from the Middle East, Britain and Atlantic Europe, and India. Together they allow us to explore the signatures that manure and manuring have left behind, and the vast range of attitudes that have surrounded both substance and activity in the past and present.

This title, first published in 1985, examines the evolution of the laws relating to debt and credit during the industrial revolution. Since economic activity was so precarious during the industrial revolution it is important to explore the legal procedures designed to deal with its victims. This work examines two aspects of financial collapse during the industrial revolution: the legal and institutional framework which defined and regulated it, and bankruptcy itself. This title will be of interest to students of history, law and economics.

This title, first published in 1984, focuses primarily on the early Industrial Revolution (c. 1780-1820) in the Stockport district. As the Industrial Revolution in England was the first instance of successful industrialisation, it can still provide many social and economic lessons and also furnish essential evidence for continuing debate over ideology and theory. Therefore, this title will be of interest to students of both history and economics.

Economic history is the most quantitative branch of history, reflecting the interests and profiting from the techniques and concepts of economics. This essay, first published in 1977, provides an extensive contribution to quantitative historiography by delivering a critical guide to the sources of the numerical data of the period 1700 to 1850. This title will be of interest to students of history, finance and economics.

This beautiful, authoritative volume in the popular 'Sterling Milestones' series looks at the vital intersection among business, finance and money. From the philosophical dialogues of Ancient Greece and the moral contemplations of Medieval Europe to deregulation and cryptocurrency, 'The Economics Book' presents 250 milestones in the science of the production, sale and purchase of goods and services. These concise, engaging, informative essays examine the full gamut of subjects, revealing both the entertaining stories and the world-changing developments in the field. They shed thoughtful light on the field's significant subdisciplines, including: mercantilism, the Enlightenment, communism, econometrics, Keynesianism, macroeconomics, game theory, cliometrics, market design theory and the Keynesian Resurgence that emerged in the wake of the Great Recession. This vibrant, colourfully illustrated collection will captivate you with a bird's-eye view of the development of the world's markets, what has shaped and affected them and what drives them today.

Pieces of paper that claimed to be good for two dollars upon redemption at a distant bank. Foreign coins that fluctuated in value from town to town. Stock certificates issued by turnpike or canal companies-worth something...or perhaps nothing. IOUs from farmers or tradesmen, passed around by people who could not know the person who first issued them. Money and banking in antebellum America offered a glaring example of free-market capitalism run amok-unregulated, exuberant, and heading pell-mell toward the next "panic" of burst bubbles and hard times. In Other People's Money, Sharon Ann Murphy explains how banking and money worked before the federal government, spurred by the chaos of the Civil War, created the national system of US paper currency. Murphy traces the evolution of banking in America from the founding of the nation, when politicians debated the constitutionality of chartering a national bank, to Andrew Jackson's role in the Bank War of the early 1830s, to the problems of financing a large-scale war. She reveals how, ultimately, the monetary and banking structures that emerged from the Civil War also provided the basis for our modern financial system, from its formation under the Federal Reserve in 1913 to the present. Touching on the significant role that numerous historical figures played in shaping American banking-including Alexander Hamilton, James Madison, Benjamin Franklin, Henry Clay, Daniel Webster, and Louis Brandeis- Other People's Money is an engaging guide to the heated political fights that surrounded banking in early America as well as to the economic causes and consequences of the financial system that emerged from the turmoil. By helping readers understand the financial history of this period and the way banking shaped the society in which ordinary Americans lived and worked, this book broadens and deepens our knowledge of the Early American Republic.

Since its first publication over forty years ago Marshall Sahlins's Stone Age Economics has established itself as a classic of modern anthropology and arguably one of the founding works of anthropological economics. Ambitiously tackling the nature of economic life and how to study it comparatively, Sahlins radically revises traditional views of the hunter-gatherer and so-called primitive societies, revealing them to be the original "affluent society." Sahlins examines notions of production, distribution and exchange in early communities and examines the link between economics and cultural and social factors. A radical study of tribal economies, domestic production for livelihood, and of the submission of domestic production to the material and political demands of society at large, Stone Age Economics regards the economy as a category of culture rather than behaviour, in a class with politics and religion rather than rationality or prudence. Sahlins concludes, controversially, that the experiences of those living in subsistence economies may actually have been better, healthier and more fulfilled than the millions enjoying the affluence and luxury afforded by the economics of modern industrialisation and agriculture. This Routledge Classics edition includes a new foreword by David Graeber, London School of Economics.

2018 Choice Outstanding Academic Title ******************************** The Late-Victorian cultural mission to London's slums was a peculiar effort towards social reform that today is largely forgotten or misunderstood. The philanthropy of middle and upper-class social workers saw hundreds of art exhibitions, concerts of fine music, evening lectures, clubs and socials, debates and excursions mounted for the benefit of impoverished and working-class Londoners. Ginn's vivid and provocative book captures many of these in detail for the first time. In refreshing our understanding of this obscure but eloquent activism, Ginn approaches cultural philanthropy not simply as a project of class self-interest, nor as fanciful 'missionary aestheticism.' Rather, he shows how liberal aspirations towards adult education and civic community can be traced in a number of centres of moralising voluntary effort. Concentrating on Toynbee Hall in Whitechapel, the People's Palace in Mile End, Red Cross Hall in Southwark and the Bermondsey Settlement, the discussion identifies the common impulses animating practical reformers across these settings. Drawing on new primary research to clarify reformers' underlying intentions and strategies, Ginn shows how these were shaped by a distinctive diagnosis of urban deprivation and anomie. In rebutting the common view that cultural philanthropy was a crudely paternalistic attempt to impose 'rational recreation' on the poor, this volume explores its sources in a liberal-minded social idealism common to both religious and secular conceptions of social welfare in this period. Culture, Philanthropy and the Poor in Late-Victorian London appeals to students and researchers of Victorian culture, moral reform, urbanism, adult education and philanthropy, who will be fascinated by this underrated but lively aspect of the period's social activism.

Americans Experience Russia analyzes how American scholars, journalists, and artists envisioned, experienced, and interpreted Russia/the Soviet Union over the last century. While many histories of diplomatic, economic, and intellectual connections between the United States and the Soviet Union can be found, none has yet examined how Americans' encounters with Russian/Soviet society shaped their representations of a Russian/Soviet 'other' and its relationship with an American 'west.' The essays in this volume critically engage with postcolonial theories which posit that a self-valorizing, unmediated west dictated the colonial encounter, repressing native voices that must be recovered. Unlike western imperialists and their colonial subjects, Americans and Russians long co-existed in a tense parity, regarding each other as other-than-European equals, sometime cultural role models, temporary allies, and political antagonists. In examining the fiction, film, journalism, treatises, and histories Americans produced out of their 'Russian experience,' the contributors to this volume closely analyze these texts, locate them in their sociopolitical context, and gauge how their producers' profession, politics, gender, class, and interaction with native Russian interpreters conditioned their authored responses to Russian/Soviet reality. The volume also explores the blurred boundaries between national identities and representations of self/other after the Soviet Union's fall.

* The book is written in a lively style and includes text boxes highlighting little-known and often amusing facts about these famous economists, all of which add colour to the text * Provides a comprehensive overview of the historical development of economic thought and of its relevance to contemporary policy issues * Offers an Austrian economics perspective, in contrast to the competing textbooks * Updated to cover MMT (modern monetary theory), climate change, the COVID-19 pandemic; minimum wage debates, Schumpeter and socialism, Malthus and immigration, and more

First Published in 1988, Richard Dien Winfield's The Just Economy investigates what the economy should be, undertaking a normative inquiry ignored by contemporary economists. Drawing upon Hegel's Philosophy of Right, Winfield's book shows how justice lies in self-determination, how the economy can realize social freedom, and how economic relations must be regulated to uphold family welfare, equal economic opportunity, and political autonomy. Exposing the pitfalls in past attempts to conceive economic justice, including those of ancient Greek philosophers, social contract thinkers, the classical political economists, and Marx, The Just Economy settles the controversy between capitalism, socialism, and communism. It is crucial reading for thinkers and citizens the world over.

Whilst there has been much recent scholarly work on retailing during the early modern period, less is known about how people at the time perceived retailing, both as onlookers, artists and commentators, and as participants. Centred on the general theme of perceptions, the authors address this gap in our knowledge by looking at a different aspect of consumption. They focus on two ancillary themes: the first is location and how contemporaries perceived the settlements in which there were shops; the other is distance. Pictures, prints, novels, diaries and promotional literature of the tradespeople themselves provide much of the evidence. Many of these sources are not new to historians, but they have not been scrutinized and analysed with the questions in mind that are posed here. The methodology to be employed has been developed by Nancy Cox over the last decade, and is used successfully in her book The Complete Tradesman and in the compilation of the forthcoming Dictionary of Traded Goods and Commodities 1550-1800. This book will find a ready market with scholars concerned with British social and economic history in the early modern period. Although it is first and foremost a book written by historians for historians, it nevertheless borrows concepts and approaches from various disciplines concerned with theories of consumption, material culture and representational art.

From the earliest times, people have striven to turn their houses into homes through the use of decoration and furnishings, stimulating in turn a major commercial sector dedicated to offering the products and services essential to feed the ever-changing dictates of domestic fashion. Whilst there is plentiful evidence to show that these phenomena can be traced to medieval times, it is arguable that the eighteenth century witnessed the birth of a widespread and sophisticated consumer society. With a comparatively wealthy and socially mobile society, eighteenth-century Britain proved to be a fertile ground for ideas of home improvement and beautification, which were to persist to the present day. Turning Houses into Homes not only maps the history, changes, development and structure of the retail furnishing industry in Britain over three centuries, but also examines the relationships between the retailer and the consumer, looking at how retailers helped stimulate and shape the demand of their customers. Whilst work has been done on specific aspects of the home, very little has been written on the interaction between the retailer and consumer, and the pressures brought to bear on them by issues such as gender, education, status, symbolism, taste, decoration, hygiene, comfort and entertainment. As such, this book offers a valuable conjunction of retail history and consumption practices, which are examined through a multi-disciplinary approach to explore both their intimate connections and their wider roles in society.

World War II was the largest and most devastating war in modern history with far-reaching consequences. The single most important campaign was the Soviet-German war, which consumed the lion share of Germany's military resources. In contrast to the tone in German and Anglo-American precampaign assessments, the USSR ws able to repulse the invasion after huge losses and turn the table on Germany and her minor Axis allies. This book examines how the two most important Western Allies in World War II, the United States and the United Kingdom, assessed the economic and military potential of the Soviet Union in 1939-1945. Since the USSR was the single most important military contributor to the Allied victory in Europe, and the main target of Germany's military strength, these assessments are of paramount importance in order to understand how the Anglo-Americans perceived the overall war situation and adjusted their own war effort in accordance with it. Utilising a wide range of documents produced by the Anglo-Americans during and shortly before World War II, this book explores why Soviet strength was underestimated, and how the Soviet economic system, Soviet society and military capabilities were viewed by Western Government observers. The Western Allies and Soviet Potential in World War II is a fascinating read for those in academia studying economic history, international economics and security studies, especially areas on military and strategic.

Despite his achievements, David Ricardo's views on money have often been misunderstood and underappreciated. His advanced ideas had to wait until the twentieth century to be applied, and most historians of economic thought continue to consider him as an obsolete orthodox. The last book devoted in tribute to Ricardo as a monetary economist was published more than 25 years ago. Ricardo on Money encompasses the whole of Ricardo's writings on currency, whether in print, unpublished notes, correspondence, or reported parliamentary speeches and evidence. The aim of the book is at rehabilitating Ricardo as an unorthodox theorist on money and suggesting his relevance for modern analysis. It is divided into three parts: history, theory and policy. The first describes the factual and intellectual context of Ricardo's monetary writings. The second part puts the concept of standard centre stage and clarifies how, according to Ricardo, the standard regulated the quantity - and hence the value - of money. The final part shows that Ricardo relied on the active management of paper money rather than on flows of bullion and commodities to produce international adjustment and guarantee the security of the monetary system. Published to coincide with the 200th anniversary of the publication of On the Principles of Political Economy, and Taxation, this book will be of great interest to all historians of economic thought and scholars of monetary economics.

A new history shows that, despite Marxism's rejection of money, the ruble was critical to the Soviet Union's promise of shared prosperity for its citizens. In spite of Karl Marx's proclamation that money would become obsolete under Communism, the ruble remained a key feature of Soviet life. In fact, although Western economists typically concluded that money ultimately played a limited role in the Soviet Union, Kristy Ironside argues that money was both more important and more powerful than most histories have recognized. After the Second World War, money was resurrected as an essential tool of Soviet governance. Certainly, its importance was not lost on Soviet leaders, despite official Communist Party dogma. Money, Ironside demonstrates, mediated the relationship between the Soviet state and its citizens and was at the center of both the government's and the people's visions for the maturing Communist project. A strong ruble-one that held real value in workers' hands and served as an effective labor incentive-was seen as essential to the economic growth that would rebuild society and realize Communism's promised future of abundance. Ironside shows how Soviet citizens turned to the state to remedy the damage that the ravages of the Second World War had inflicted upon their household economies. From the late 1940s through the early 1960s, progress toward Communism was increasingly measured by the health of its citizens' personal finances, such as greater purchasing power, higher wages, better pensions, and growing savings. However, the increasing importance of money in Soviet life did not necessarily correlate to improved living standards for Soviet citizens. The Soviet government's achievements in "raising the people's material welfare" continued to lag behind the West's advances during a period of unprecedented affluence. These factors combined to undermine popular support for Soviet power and confidence in the Communist project.

Since the early 1980s, Korea's financial development has been a tale of liberalization and opening. After the 1997 financial crisis, great strides were made in building a market-oriented financial system through sweeping reforms for deregulation and the opening of financial markets. However, the new system failed to steer the country away from a credit card boom and bust in 2003, a liquidity crisis in 2008, and a run on its savings banks in 2011, and has been severely tested again by the ongoing COVID-19 pandemic crisis. Financial liberalization, clearly, has been no panacea. This study analyzes the deepening of and structural changes in Korea's financial system since the early 1980s and presents the empirical results of the effects of financial development on economic growth, stability, and the distribution of income. It finds that, contrary to conventional wisdom, financial liberalization has contributed little to fostering the growth and stability of the Korean economy and has exacerbated income distribution problems. Are there any merits in financial liberalization? The authors answer this query through empirical examinations of the theories of finance and growth. They point to a clear need to further improve the efficiency, soundness, and stability of Korean financial institutions and markets.

A bold history of the rise of central banks, showing how institutions designed to steady the ship of global finance have instead become as destabilizing as they are dominant. While central banks have gained remarkable influence over the past fifty years, promising more stability, global finance has gone from crisis to crisis. How do we explain this development? Drawing on original sources ignored in previous research, The Rise of Central Banks offers a groundbreaking account of the origins and consequences of central banks' increasing clout over economic policy. Many commentators argue that ideas drove change, indicating a shift in the 1970s from Keynesianism to monetarism, concerned with controlling inflation. Others point to the stagflation crises, which put capitalists and workers at loggerheads. Capitalists won, the story goes, then pushed deregulation and disinflation by redistributing power from elected governments to markets and central banks. Both approaches are helpful, but they share a weakness. Abstracting from the evolving practices of central banking, they provide inaccurate accounts of recent policy changes and fail to explain how we arrived at the current era of easy money and excessive finance. By comparing developments in the United States, the United Kingdom, Germany, and Switzerland, Leon Wansleben finds that central bankers' own policy innovations were an important ingredient of change. These innovations allowed central bankers to use privileged relationships with expanding financial markets to govern the economy. But by relying on markets, central banks fostered excessive credit growth and cultivated an unsustainable version of capitalism. Through extensive archival work and numerous interviews, Wansleben sheds new light on the agency of bureaucrats and calls upon society and elected leaders to direct these actors' efforts to more progressive goals.

Richard Cobden (1804-65) rose from humble beginnings to become the leading advocate of nineteenth-century free-trade and liberalism. As a fierce opponent of the Corn Laws and promoter of international trade he rapidly became an influential figure on the national stage, whose name became a byword for political and economic reform. Yet despite the familiarity with which contemporaries and historians refer to 'Cobdenism' his ideals and beliefs are not always easy to identify and classify in a coherent way. Indeed, as this volume makes clear, the variety, diversity and malleability of the 'Cobdenite project' attest to the lack of a strict dogma and highlight Cobden's underlying pragmatism. Divided into five sections, this collection of essays offers a timely reassessment of Cobden's career, its impact and legacy in the two hundred years since his birth. Beginning with an investigation into the intellectual and cultural background to his emergence as a national political figure, the volume then looks at Cobden's impact on the making of Victorian liberal politics. The third section examines Cobden's wider influence in Europe, particularly the impact of his tour of 1846-47 which was in many ways a defining moment not only in the making of Cobden's liberalism but in the making of liberal Europe. Section four broadens the theme of Cobden's contemporary impact, including his contribution to the debate on peace, internationalism and the American Civil War; whilst the final section opens up the theme of Cobden's contested legacy, the variety of interpretations of Cobden's ideas and their influence on late nineteenth- and twentieth-century politics. Offering a broad yet coherent investigation of the 'Cobdenite project' by leading international scholars, this volume provides a fascinating insight into one of the nineteenth century's most important figures whose ideas still resonate today.

First published in 2002. Routledge is an imprint of Taylor & Francis, an informa company.

Joan Robinson (1903-1983) was one of the greatest economists of the twentieth century and a fearless critic of free-market capitalism. A major figure in the controversial 'Cambridge School' of economics in the post-war period, she made fundamental contributions to the economics of international trade and development. In Economic Philosophy Robinson looks behind the curtain of economics to reveal a constant battle between economics as a science and economics as ideology, which she argued was integral to economics. In her customary vivid and pellucid style, she criticizes early economists Adam Smith and David Ricardo, and neo-classical economists Alfred Marshall, Stanley Jevons and Leon Walras, over the question of value. She shows that what they respectively considered to be the generators of value - labour-time, marginal utility or preferences - are not scientific but 'metaphysical', and that it is frequently in ideology, not science, that we find the reason for the rejection of economic theories. She also weighs up the implications of the Keynesian revolution in economics, particularly whether Keynes's theories are applicable to developing economies. Robinson concludes with a prophetic lesson that resonates in today's turbulent and unequal economy: that the task of the economist is to combat the idea that the only values that count are those that can be measured in terms of money. This Routledge Classics edition includes a new foreword by Sheila Dow.

First published in 1975, The Economic Modernisation of France presents the study of economic developments in France between 1730 and 1880. This period is conceived as one of growth in production within pre-industrial economic structures, succeeded from 1840-50 by rapid structural transformation and the creation of an industrial economy. Divided into four major parts it discusses themes like communication and the development of commerce; agriculture; industrial development; and population. Rich in primary sources, this will be an essential read for scholars and researchers of French history, European history, economic history, and history in general.

The political economist Thomas Robert Malthus (1766-1834) has gained increasing and deserved scholarly attention in recent years. As well as the republication of his works and letters, a rich body of scholarship has been produced that enlightens our understanding of his thoughts and arguments. Yet little has been written on the ways in which his message was translated to, and interpreted by, a popular audience. Malthus first rose to prominence in 1798 with the publication of his Essay on the Principle of Population, in which he blamed rising levels of poverty on the inability of Britain's economy to support its growing population. His remedy, to limit the number of children born to poor families, outraged many social reformers, most notably William Cobbett, but found a ready audience in other quarters, Harriet Martineau, among others, being a famous Malthusian advocate. In this new study of Malthus and the impact of his writings, James Huzel shows how, by being both popularized and demonized, he framed the terms of reference for debate on the problems of pauperism and became the beacon against which all proposals seeking to remedy the problem of poverty had to be measured. It is argued that the New Poor Law of 1834 was deeply influenced by Malthusian ideals, replacing the traditional sources of outdoor relief with the humiliation of the workhouse. Dealing with issues of social, economic and intellectual history this work offers a fresh and insightful investigation into one of the most influential, though misunderstood, thinkers of the late eighteenth and early nineteenth centuries and concludes that Malthus was perhaps even more important than Adam Smith and David Ricardo in fostering the rise of a market economy. It is essential reading for all those who wish to reach a fuller understanding of how the tremendous social and economic upheavals of the Industrial Revolution shaped the development of modern Britain.

This book concerns the end of the age of colonization and the inherent changes in the world economy. It discusses the author's perception of the disintegration of free trade and ideas on the solution of federation. Starting with an introduction to economic thought and history the author then presents the state of the world at the time of writing in terms of colonies and dependencies and looks at economic nationalism and economic separatism. This discursive text is an important account of the global economic issues of the early twentieth century by one of the most well-known economists of the age who became a foremost expert in international financial affairs.