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

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

This book investigates the place and meaning of consumption in Jewish lives and the roles Jews played in different consumer cultures in modern Europe and North America. Drawing on innovative, original research into this new and challenging field, the volume brings Jewish studies and the history and theory of consumer culture into dialogue with each other. Its chapters explore Jewish businesspeople's development of niche commercial practices in several transnational contexts; the imagining, marketing, and realization of a Jewish national homeland in Palestine through consumer goods and strategies; associations between Jews, luxury, and gender in multiple contexts; and the political dimensions of consumer choice. Together the essays in this volume show how the study of consumption enriches our understanding of modern Jewish history and how a focus on consumer goods and practices illuminates the study of Jewish religious observance, ethnic identities, gender formations, and immigrant trajectories across the globe.

In this significant new book, Bruna Ingrao and Claudio Sardoni emphasize the crucial importance of considering credit/debt relations and financial markets for a comprehensive understanding of the world in which we live. The book offers both a thorough historical and theoretical reconstruction of how 20th century macroeconomics got (or did not get) to grips with the interactions between banks and financial markets, and the 'real' economy. The book is split into two distinct and thematic parts to expose the different attitudes to banks and finance before and after the Great Depression of the 1930s. Part I explores the period from the turn of the 20th century to the late 1930s, when many important economists devoted great attention to banks and credit relations in their explanations of the working of market economies. Part II discusses the post-war period up until the modern day, when banks and financial markets ceased to be a major concern of mainstream macroeconomics. The 2007-8 crisis gave rise to a renewed interest in credit relations, but many problems inherited from the past still remain open. The authors stress, in particular, the implications of the uneasy, if not impossible, coexistence of the endeavour to set macroeconomics within the framework of general equilibrium theory with the attempt to develop the analysis of the monetary and financial features of actual economies. Macroeconomists will greatly benefit from this timely book as it examines the historical evolution of the discipline, pointing out the major factors that have largely prevented the development of satisfactory analyses of the interrelations of credit, finance and the macroeconomy. Those involved in current economic policy debates will also benefit from the lessons offered in this book.

Medium-Sized cities in the Age of Globalisation provides a brand-new perspective on academic discussions of globalisation through exploring urban development outside of select global cities including Paris, Tokyo, and London, and instead focuses on medium-sized cities in the context of a globalising world. Combining the author’s expertise with extensive research, this book fills a gap in the scholarly debate on globalisation and urban development, with chapters of the book giving detailed insight on urban governance and economy, local identity, and urban representation. Through a range of visual sources including maps, tables, and graphs, the book is applicable and accessible, and offers a specialised analysis of medium-sized cities through assessing urban regeneration policies as well as promotional activities and their role in promoting positive change in an era of great inter-urban competition. This book contains valuable historical insights and is excellent specialised material for scholars and postgraduate students in the disciplines of Urban History, Urban Studies, and Geography, as well as being a significant source for Professionals working in urban planning and place promotion

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

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

This unique encyclopedia enables students to understand the myriad ways that the Columbian Exchange shaped the modern world, covering every major living organism from pathogens and plants to insects and mammals. Most people have only the vaguest notion of how profoundly the world was changed by Christopher Columbus's arrival in the Americas. Indeed, some of what is commonly regarded as "traditional" Native American life and culture-living in teepees and hunting buffalo from horseback, for example-came from the arrival of Europeans. This encyclopedia helps students acquire fundamental information about the Columbian Exchange through approximately 100 alphabetically arranged entries on animals, plants, diseases, and items that were exchanged, accompanied by sidebars throughout that provide interesting discussions of key people, companies, and other related topics. The work begins with an introductory essay that overviews the Columbian exchange and not only addresses its biological and cultural components but also treats it as a political and economic event. The alphabetically organized entries cover topics ranging from the African slave trade, almonds, and alpacas to watermelon, whooping cough, and yellow fever. The encyclopedia also offers a chronology of the major events of the Columbian Exchange as well as 15 transcribed primary source documents that enable students to "look into history directly," including passages about the exchange that focus on the Irish Potato Famine, the slave trade, and the influenza pandemic of 1918-1919. Represents the only encyclopedia to comprehensively treat the Columbian Exchange and document how this watershed event in history changed the world, not just in North America but worldwide Provides full accounts of demographic and epidemiological trends and how the planet's current biodiversity resulted from the events of the Columbian Exchange Includes primary documents that offer students material for analysis and promote critical thinking skills, thus supporting Common Core State Standards Supplies both entry bibliographies and a selected, general bibliography to direct students to sources of additional information

Poverty in Contemporary Economic Thought aims to describe and critically examine how economic thought deals with poverty, including its causes, consequences, reduction and abolition. This edited volume traces the ideas of key writers and schools of modern economic thought across a significant period, ranging from Friedrich Hayek and Keynes to latter-day economists like Amartya Sen and Angus Deaton. The chapters relate poverty to income distribution, asserting the point that poverty is not always conceived of in absolute terms but that relative and social deprivation matters also. Furthermore, the contributors deal with both individual poverty and the poverty of nations in the context of the international economy. In providing such a thorough exploration, this book shows that the approach to poverty differs from economist to economist depending on their particular interests and the main issues related to poverty in each epoch, as well as the influence of the intellectual climate that prevailed at the time when the contribution was made. This key text is valuable reading for advanced students and researchers of the history of economic thought, economic development and the economics of poverty.

The period from 1957-1988 was transformative for the international oil industry. As the home to two major oil companies, BP and Shell, as well as the possessor of large quantities of oil and gas in its territorial waters, the United Kingdom was at the heart of this transition. While famous for its liberal policy towards oil and gas production, both before and after the discovery of North Sea oil and gas, this period actually saw the United Kingdom respond to shifts in power from the major oil companies to the oil-producing states, many of them in OPEC, by building up its competency regarding oil matters. This took the form of efforts to influence the activities of BP and Shell abroad as well as in creation of a state-run oil company, the British National Oil Corporation, in an attempt to exercise greater state control over oil and gas production and distribution. The failure of these efforts was driven in part by internal divisions within Whitehall, the efforts of the oil companies themselves, and ultimately the political will of the Conservative Party under Margaret Thatcher to get the state out of the business of oil and gas.

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

This book explores students' consumer practices and material desires in nineteenth-century Oxford. Consumerism surged among undergraduates in the 1830s and decreased by contrast from the 1860s as students learned to practice restraint and make wiser choices, putting a brake on past excessive consumption habits. This study concentrates on the minority of debtors, the daily lives of undergraduates, and their social and economic environment. It scrutinises the variety of goods that were on offer, paying special attention to their social and symbolic uses and meanings. Through emulation and self-display, undergraduate culture impacted the formation of male identities and spending habits. Using Oxford students as a case study, this book opens new pathways in the history of consumption and capitalism, revealing how youth consumer culture intertwined with the rise of competition among tradesmen and university reforms in the 1850s and 1860s.

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.

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

Sassetti’s Indian Letters are among the most interesting penned during these years, offering a trove of cultural speculation and economic analysis. Sassetti was neither a principled critic of imperialism nor a principled advocate of liberalism, but a pragmatic theorist of free trade Sassetti was very much the archetypal Renaissance man

In recent decades, new endogenous growth theory has become popular but the ideas are not new. They go back at least as far as Adam Smith, and the subsequent contributions made notably by Alfred Marshall and Allyn Young. This book critically discusses and provides an historical perspective to the entire spectrum of endogenous growth theories starting with Adam Smith and ending with Paul Romer. It fills an important gap in the literature. While contributions of individual authors are readily available, there is no comprehensive study on the subject covering such a vast ground, critically discussing these authors in a comprehensive framework. It collates all the arguments and economic viewpoints in one collection, providing both the seasoned economist and a graduate economist with a critical comparison of origin, mechanisms, conclusions, and policy implications of these models.

Human capital is of utmost importance for the future of our knowledge economies and societies. However, it is unequally distributed in Europe, contributing to marked spatial patterns of economic prosperity within and across countries. In many cases, these patterns have a long history. To understand them better, it requires to go back in time, when mass schooling was starting to become a reality across Europe. Taking a long-run perspective over more than 150 years, this book shows the development and the distribution of human capital in the regions of Europe and its connections with the economy. It provides insights into recent research findings in this area, including theoretical advances and the use of new empirical data.

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

This book uses money as a lens through which to analyze the social and economic impact of colonialism on African societies and institutions. It is the first book to address the monetary history of the colonial period in a comprehensive way, covering several areas of the continent and different periods, with the ultimate aim of understanding the long-term impact of colonial monetary policies on African societies. While grounding an understanding of money in terms of its circulation, acceptance and impact, this book shows first and foremost how the monetary systems that resulted from the imposition of colonial rule on African societies were not a replacement of the old currency systems with entirely new ones, but were rather the result of the convergence of different orders of value and monetary practices. By putting histories of people using money at the heart of the story, and connecting them to larger imperial policies, the volume provides a new and fresh perspective on the history of the establishment of colonial rule in Africa. This book is the result of a collaborative and interdisciplinary research project that has received funding by the Gerda Henkel Foundation. The contributors are both junior and senior scholars, based at universities in Europe, Africa, Asia and the US, who are all specialists on the history of money in Africa. It will appeal to an international audience of scholars and educators interested in African Studies and History, Economic History, Imperial and Colonial History, Development Studies, Monetary Studies.

This book examines how convicts played a key role in the development of capitalism in Australia and how their active resistance shaped both workplace relations and institutions. It highlights the contribution of convicts to worker mobilization and political descent, forcing a rethink of Australia's foundational story. It is a book that will appeal to an international audience, as well as the many hundreds of thousands of Australians who can trace descent from convicts. It will enable the latter to make sense of the experience of their ancestors, equipping them with the necessary tools to understand convict and court records. It will also provide a valuable undergraduate and postgraduate teaching tool and reference for those studying unfree labour and worker history, social history, colonization and global migration in a digital age.

A dive into the origins, management, and uses and misuses of sovereign debt through the ages. Public debts have exploded to levels unprecedented in modern history as governments responded to the Covid-19 pandemic and ensuing economic crisis. Their dramatic rise has prompted apocalyptic warnings about the dangers of heavy debts-about the drag they will place on economic growth and the burden they represent for future generations. In Defense of Public Debt offers a sharp rejoinder to this view, marshaling the entire history of state-issued public debt to demonstrate its usefulness. Authors Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves, and Kris James Mitchener argue that the ability of governments to issue debt has played a critical role in addressing emergencies-from wars and pandemics to economic and financial crises, as well as in funding essential public goods and services such as transportation, education, and healthcare. In these ways, the capacity to issue debt has been integral to state building and state survival. Transactions in public debt securities have also contributed to the development of private financial markets and, through this channel, to modern economic growth. None of this is to deny that debt problems, debt crises, and debt defaults occur. But these dramatic events, which attract much attention, are not the entire story. In Defense of Public Debt redresses the balance. The authors develop their arguments historically, recounting two millennia of public debt experience. They deploy a comprehensive database to identify the factors behind rising public debts and the circumstances under which high debts are successfully stabilized and brought down. Finally, they bring the story up to date, describing the role of public debt in managing the Covid-19 pandemic and recession, suggesting a way forward once governments-now more heavily indebted than before-finally emerge from the crisis.

This book is about national economic policy responses to the Great Depression of the interwar period. Taking off from a generally liberal starting point in the 1920s, states diverged greatly in their responses. Some were daring while others remained conservative. The two groups further differed among themselves in both degree and kind. The book gives a certain shape to this messy reality by identifying broad policy patterns (paradigms), and offers an explanation of it which emphasizes the ideational disposition of policy actors while recognizing the context that limits what they can do. More specifically, it argues that the ideas held by rulers and the strategies they consequently developed regarding three major groups of interest - business, labour, and, most critically, agrarians - largely determined economic policy variation across nations.

This edited collection examines the formation of urban networks and role of gateways in Europe from the Middle Ages to the modern world. In the past, gateway cities were merely perceived as transport points, only relevant to maritime shipping. Today they are seen as the organic entities coordinating the allocation of resources and supporting the growth, efficiency and sustainability of logistics (including both the transport and distribution of goods and services). Using different historical case studies, the authors consider how logistics shaped urban networks and were shaped by them.

The people who run our government are affected by money just like the rest of us. Over the years, many of these officials have worried about meeting mortgage payments, holding off creditors, and avoiding bankruptcy. Others made fortunes by devoting their time to supervising their business interests. Either way, these distractions affected the lives of everyday citizens--from the price of shirts to the decisions for war or peace. In school, students are taught about governmental principles underlying political controversies, but instructors seldom talk about money that presidents and cabinet members stood to gain or lose, depending on who prevailed in a political dispute. This book will help fill the gaps in that knowledge. To ignore the business activities of our leaders is to ignore most of their adult lives. Having such awareness allows voters to see motivations in government decisions that may otherwise be obscure. Concentrating on presidents and cabinet members, from the birth of the U.S. through the Carter administration, this book tells how they and their associates gained and lost wealth, and how this affected their nation's well-being.

This book explores and traces the progressive activism and radical ideas of several elite women in Italy beginning in the early 20th century. It discusses the shared political culture that shaped the thinking and the activity of these women, mainly oriented towards political philanthropy and work, seen as the cornerstone of a comprehensive redefinition of gender relations. It also discusses the connections linking them to an international network of women involved in similar political actions and economic initiatives addressing women's' interests, as well as their legacy for the next generations. With essays from a range of scholars, this book provides an interdisciplinary framework for understanding these activists and deals with methodological and historiographical issues in reconstructing women's contribution to history.