The essays in this Festschrift have been chosen to honour Harald Hagemann and his scientific work. They reflect his main contributions to economic research and his major fields of interest. The essays in the first part deal with various aspects within the history of economic thought. The second part is about the current state of macroeconomics. The essays in the third part of the book cover topics on economic growth and structural dynamics.

With a few exceptions, historiography has paid little attention to the impact of French economic thought during the American Revolution, focusing instead on the Revolution's links with Britain. This book outlines how, from the mid-eighteenth to the early-nineteenth century, the political and social dimension of French economic thought, and particularly of Physiocracy, spurred American Republicans to a radical shaping of American agrarian ideology. Such a perspective allows for a reconsideration of several questions that lie at the heart of contemporary historiographic debate: the connection between politics and economics; the meaning of republicanism; the foundations of representation; the role of Europe in the Atlantic world; and the interaction between national histories and global context. In particular, the research methodology adopted here makes it possible to reconstruct how American national identity, conceived as an expression of society in economic terms, emerged through a cosmopolitan way of thinking focused on the uniqueness of the new state.

In The International Economy Since 1945, Sidney Pollard describes the most important global developments in economics during the last half century. In this comprehensive history the author covers all geographical regions and considers the effects of the major countries on each other. The International Economy Since 1945 analyses institutional issues, such as monetary policy or the multinational company, as well as worldwide issues. The author considers the impact of policies on economic life and includes discussion of: * the threat to the environment caused by economic change * advances in technology as they relate to growth * fluctuations in standards of living in all parts of the world * policies pursued and how they influence growth * reactions of other nations to the plight of the Third World * the Communist and Far Eastern economies * the impact of World War II on the global economy. The International Economy Since 1945 debates the key issues of current global and national policy-making and the effects of greater economic integration on inflation and employment.

Singapore under the ruling People's Action Party government has been categorized as a developmental state which has utilized education as an instrument of its economic policies and nation-building agenda. However, contrary to accepted assumptions, the use of education by the state to promote economic growth did not begin with the coming to power of the People's Action Party in 1959. In Singapore, the colonial state had been using education to meet the demands of its colonial economy well before the rise of the post-independence developmental state. Education, Industrialization and the End of Empire in Singapore examines how the state's use of education as an instrument of economic policy had its origins in the colonial economy and intensified during the process of decolonization. By covering this process the history of vocational and technical education and its relationship with the economy is traced from the colonial era through to decolonization and into the early postcolonial period.

The authors use a long-wave framework to examine the historical evolution of British industrial capitalism since the late-18th century, and present a challenging and distinctive economic history of modern and contemporary Britain. The book is intended for undergraduate courses on the economic history of modern Britain within history, economic and social history, economic history and economic degree schemes, and economic theory courses.

Finance and Modernization centres on a set of historical developments and problems typified by the long history of the A-sterreichische Creditanstalt and its successor organizations, and opens the way to compare and contrast experiences throughout Central and Western Europe and also on other continents. The structure of this volume reflects the changing role and nature of banks as economies become industrialized and modernized. Although banks adapt to the needs of an industrializing economy, at the same time, industrialization influences the manner in which banking systems grow and the structures which they adopt. Beginning with studies of the Austrian banks, their development and their crises, the volume then moves on to look at case studies of important aspects of financial activity - German stock markets, railroad investment, and information networks. This is followed by a section on country studies of banking modernization in Sweden, the Netherlands and Greece. Finally, the collection concludes with two chapters, one on banking in China and the other on banking in India, certainly both of intrinsic interest and of importance in an era of globalization. Professor Teichova, one of the great scholars in the field, concludes with reflections on the individual contributions and the general problems addressed in this book.

Vilfredo Pareto is a key figure in the history of economics and sociology. His sociological works attempted to merge these two disciplines through a psychologistic analysis of society, economy and politics. This is the first book to rethink Pareto's contribution to classical sociology by focusing upon its psychological underpinning. The author locates the origins of Pareto's psychologistic approach both within the history of Italian thought and within Pareto's own experiences of business and politics. He evaluates Pareto's sociology through the lens of contemporary social science, examining whether its explanatory power is growing rather than diminishing as levels of social and epistemological complexity rise. The volume also explores Pareto's assumptions about personality through the lens of contemporary psychology. It concludes with a psychometric study of Westminster MPs which clarifies and attests to Pareto's contemporary relevance, and indicates that even practitioners of politics may gain much from reading Pareto.

Focusing on both literary and material networks in early modern England, this book examines the nature of women's wealth, its peculiar laws of transmission and accumulation, and how a world of goods and favors, mothers and daughters was transformed by market culture. Drawing on the long and troubled relationship between Elizabeth Tudor, Mary Stuart, Bess of Hardwick, and Arbella Stuart, Elizabeth Mazzola more broadly explores what early modern women might exchange with or leave to each other, including jewels and cloth, needlework, combs, and candlesticks. Women's writings take their place in this circulation of material things, and Mazzola argues that their poems and prayers, letters and wills are particularly designed with the aim of substantiating female ties. This book is an interdisciplinary one, making use of archival research, literary criticism, social history, feminist theory, and anthropological studies of gift exchange to propose that early modern women - whatever their class, educational background or marital status - were key economic players, actively pursuing favors, trading services, and exchanging goods.

This is the third and final volume of collected papers of A.W. Bob Coats. Coats began to collect material for this volume in the years following the publication of the second volume in 1993, but sadly died in 2007, before the work was completed. The volume has now been completed under the editorship of Roger Backhouse and Bruce Caldwell. Along with his articles, the compilation of the volume also reflects Coats' interest in and commitment to book reviews, a selection of which have been chosen for inclusion. The book also includes a comprehensive bibliography. In addition to a preface by Backhouse and Caldwell, the volume also reproduces the obituary that was published in History of Political Economy, a memoir published in 1996, and an interview with Grant Fleming, published the previous year. Together, the introductory materials, articles and reviews serve as a fitting tribute to the body of work of Bob Coats.

The purpose of this book is to provide a comprehensive analysis of the work of Frederic Bastiat (1801-1850), one of the towering intellectual figures of nineteenth century France. More than anyone else of his time, Bastiat personified the struggle of liberalism and science against socialism and utopia. Between 1844 in 1850, his campaign for the idea of liberty and his commitment to the discipline of political economy made him one of the most vigorous champions of economic liberalism in France. Bastiat put forth one of the most ambitious interpretations of the liberalism of his time, one that entailed both a critique of primitive socialism and a concern to provide political economy with a theoretical foundation. His thinking is far more sophisticated than would appear at first glance. Nor can it be confined, as so many commentators would have us believe, to its strictly economic dimension. The themes that Bastiat addressed - free trade, competition, labour, among others - certainly helped to reduce it to this dimension. Yet he did not limit himself to these issues, even if he dealt with them at length. He also paid close attention to the political, moral, social and religious dimensions. Coming, as Bastiat's writing did, at a decisive moment in the history of French liberalism, the very existence of his work explodes the long-standing received idea to the effect that liberalism, and in particular economic liberalism, is the exclusive domain of Anglo-Saxon countries. Bastiat's work thus offers a solid rebuttal to Hayek, who proclaimed "the total absence of a liberal tradition in France." This book should be of interest to students and researchers of many strands of economics, as well as those looking at French liberalism and the history of social science more generally.

Bringing together cultural, economic and social historians from across Europe and beyond, this volume offers a consideration from a number of perspectives of the principal forces that further integrated the Ottoman Empire and Western Europe during the first century of industrialisation. The essays not only review and analyse the commercial, financial and monetary factors, negative as well as positive, that bore upon the region's initial stages of modern transformation, but also provide a ready introduction to major aspects of the economy and society of the Ottoman Empire in the nineteenth century. Beginning with two chapters providing the context to the development of Ottoman relations with Western Europe up to the second half of the nineteenth century, the collection then moves on to explore more specific questions of trade links, the impact of improved transportation and communications, the development and changing nature of Ottoman finance and banking, as well as European investment in Turkey. The outcome is a broad ranging consideration of how all these issues played a fundamental role in the final decades of the Ottoman Empire and the emergence of Turkey as a modern state with links to both east and west. The essays in this collection derive from the EABFH colloquium held in the Imperial Mint, Istanbul, in October 1999.

Wars cannot be fought and sustained without food and this unique collection explores the impact of war on food production, allocation and consumption in Europe in the twentieth century. A comparative perspective which incorporates belligerent, occupied and neutral countries provides new insights into the relationship between food and war. The analysis ranges from military provisioning and systems of food rationing to civilians' survival strategies and the role of war in stimulating innovation and modernization.

Municipal Services and Employees in the Modern City considers the roles played by local institutions and particular processes that shaped the urban fabric. It rediscovers from models and maps the constituent dynamics of cities since the beginning of the nineteenth century, and demonstrates how patterns evolved in the way services and locations were organized; how urban transformation was underpinned by structural development, and how the municipal workforce became an integral part of the agencies of change. Municipal Services and Employees in the Modern City suggests that municipal experiences are central to the development of urban studies. Its focus of analysis ranges across Europe and the Americas from high-ranking bureaucrats to firefighters, engineers to accountants, and town clerks to public servants. Each essay provides detailed information on how change was formulated or resisted within the administrative apparatus, offering insight into a sector of the 'white-collar' class and the degree of commitment to public values often at times of social and political upheaval. They explore the course of relationships between local and central government, and the shifting bounds of municipal interventionism over a broad period; whilst incorporating a social history approach to interpret the day-to-day responsibilities and routine of administration.

During the rise of consumer culture in the nineteenth century, children and childhood were called on to fulfill a range of important roles. In addition to being consumers themselves, the young functioned as both 'goods' to be used and consumed by adults and as proof that middle-class materialist ventures were assisting in the formation of a more ethical society. Children also provided necessary labor and raw material for industry. This diverse collection addresses the roles assigned to children in the context of nineteenth-century consumer culture, at the same time that it remains steadfast in recognizing that the young did not simply exist within adult-articulated cultural contexts but were agents in their formation. Topics include toys and middle-class childhood; boyhood and toy theater; child performers on the Victorian stage; gender, sexuality and consumerism; imperialism in adventure fiction; the idealization of childhood as a form of adult entertainment and self-flattery; the commercialization of orphans; and the economics behind formulations of child poverty. Together, the essays demonstrate the rising investment both children and adults made in commodities as sources of identity and human worth.

This is a full and authoritative account of the history of private banking, beginning with its development in conjunction with the world markets served by and centred on a few European cities, notably Amsterdam and London. These banks were usually partnerships, a form of organization which persisted as the role of private banking changed in response to the political and economic transformations of the late 18th and early 19th centuries. It was in this period, and the succeeding Golden Age of private banking from 1815 to the 1870s, that many of the great names this book treats rose to fame: Baring, Rothschild, Mallet and Hottinger became synonymous with wealth and economic power, as German, French and the remarkably long-lasting Geneva banks flourished and expanded. The last parts of this study detail the way in which private banking adapted to the age of the corporate economy from the 1870s to the 1930s, the decline during and after the Great Depression and the post-war renaissance. It concludes with an appraisal of the causes and consequences of the modern expansion of private banking: no longer the exclusive preserve of partnerships, the management of investment portfolios of wealthy individuals and institutions is now a major concern of international joint-stock banks.

Jesse Ramsden was one of the most prominent manufacturers of scientific instruments in the latter half of the eighteenth century. To own a Ramsden instrument, be it one of his great theodolites or one of the many sextants and barometers produced at his London workshop, was to own not only an instrument of incredible accuracy and great practical use, but also a thing of beauty. In this, the first biography of Jesse Ramsden, Dr Anita McConnell reconstructs his life and career and presents us with a detailed account of the instrument trade in this period. By studying the life of one prominent instrument maker, the entire practice of the trade is illuminated, from the initial commission, the intricate planning and design, through the practicalities of production, delivery and, crucially, payment for the work. The book will naturally be of immeasurable interest to historians of science and scientific instruments but, as it also sheds light on the increasing commercialisation of the scientific trade on the cusp of the Industrial Revolution, should also interest social and economic historians of the eighteenth century.

This book analyses the history of economic crises from the angle of international politics and its transformation throughout the 20th century. While political and economic debates in the wake of the present financial crisis are revolving around the question of how to create effective forms of global governance, historians have discovered a long tradition of international economic regulation that can be traced back to the late 19th century. In the global economy, sovereign defaults, banking crises and currency crashes have been recurrent phenomena. At the same time, alongside the growing globalization of commodity and capital markets, nation-states have introduced new forms of regulation both on the national and international level. The experience of economic crises has been an important driver behind numerous initiatives to foster global politics. The purpose of the book is to reconnect economic history with the perspectives of political economy and the history of international relations. It forms a dialogue between the disciplines that have been increasingly separated throughout the past decades. With first-rate economic historians and political economists writing for a wider audience, it simultaneously makes public debates and methods of recent cutting-edge research in economic history within a wider academic community. This book was originally published as a special issue of the European Review of History.

From the mid-1980s, investors in the US increasingly directed capital towards the financial sector at the expense of non-financial sectors, lured by the perception of higher profits. This flow of capital inflated asset prices, creating the stock market and housing bubbles which burst when the imbalance between stagnant incomes and rising debts triggered the banking meltdown. Profitability and the Great Recession analyses these trends in profitability and capital accumulation, which the authors identify as the root cause of the financial crisis, in the context of the US and other major OECD countries. Drawing on insights from Adam Smith, David Ricardo, John Stuart Mill and Karl Marx, the authors interpret the relationship between capital accumulation and profitability trends through the conceptual lens of classical political economy. The book provides extensive empirical evidence of declining rates of US non-financial corporate accumulations from the mid-1960s and profitability trends in that sector falling from post-war highs. In contrast to this, it is shown that there was a vigorous rise of profitability in the financial sector from a 1982 trough to the early part of the twenty-first century, which led to the bloating of that sector. The authors conclude that the long-term falling accumulation trend in the non-financial corporate sector, highlighted by the bankruptcy of major automobile corporations, stands out as the underlying force that transformed the financial crisis into a fully-fledged Great Recession. This book will be of interest to students and researchers in the areas of economics, political economy, business and finance.

This pamphlet examines recent research into the poor laws of Tudor and Stuart England. Dr Beier asks the question 'who were the poor?' and in answering it places the 'problem of the poor' in its historical context, examining it in relation to medieval provisions for dealing with poverty. He shows how far legislation was influenced by economic changes, by ideas about poverty and by the interests of the legislators themselves. Dr Beier evaluates the varying interpretations of the poor laws, from those who have seen them as an early 'welfare state' to those who have considered them to be the manifestation of a 'Protestant ethic'. The major poor-law statues are summarized in an appendix, and there is a useful bibliography.

Taking a multidisciplinary and global approach, this edited book examines the dynamic role of plantations as productive, socio-political and ecological forms throughout imperial and post-colonial worlds spanning multiple and broad temporalities. Showcasing an expansive range of case studies across different geographies, the collection sheds light on the heterogeneity of plantations and offers insights into the afterlives, spectres and remnants of systems that have been analysed as schemes of production, extraction and authority. Focusing on the expansion of plantation systems throughout various political-economic and ecological projects, and across the modern (and post-modern) period, allows the authors to move beyond analyses that often deal with individual empires through human-centered lenses. The contributors explore resistance to the mechanisms of extraction and control that plantations and their afterlives demanded, shedding light on their excesses, contradictions, failures and deviations. Offering a comprehensive treatment of global plantations, this book provides valuable reading for researchers with an interest in the socio-political and environmental effects of colonialism and imperialism in their various guises. Chapters 1, 8 and 11 are available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

Long-regarded as a classic in philosophical circles for launching the theory of fictionalism, Vaihinger's reputation has grown steadily over the years - now is the perfect time to enter the Routledge Classics pantheon The Philosophy of As If influenced various schools of philosophy, especially pragmatism, North America's most important philosophical movement The Routledge Classics edition includes a new foreword by Michael Rosenthal

The elemental power of food politics has not been fully appraised. Food marketing and consumption were matters of politics as much as economics as England became a market society. In times of dearth, concatenations of food riots, repression, and relief created a maturing politics of provisions. Over three centuries, some eight hundred riots crackled in waves across England. Crowds seized wagons, attacked mills and granaries, and lowered prices in marketplaces or farmyards. Sometimes rioters parleyed with magistrates. More often both acted out a well-rehearsed political minuet that evolved from Tudor risings and state policies down to a complex culmination during the Napoleonic Wars. 'Provision politics' thus comprised both customary negotiations over scarcity and hunger, and 'negotiations' of the social vessel through the turbulence of dearth. Occasionally troops killed rioters, or judges condemned them to the gallows, but increasingly riots prompted wealthy citizens to procure relief supplies. In short, food riots worked: in a sense they were a first draft of the welfare state. This pioneering analysis connects a generation of social protest studies spawned by E.P. Thompson's essay on the 'moral economy' with new work on economic history and state formation. The dynamics of provision politics that emerged during England's social, economic and political transformations should furnish fruitful models for analyses of 'total war' and famine as well as broader transitions elsewhere in world history.

Amongst the serried ranks of capitalists who drove European industrialisation in the nineteenth century, the Rothschilds were amongst the most dynamic and the most successful. Establishing businesses in Germany, Britain, France, Austria, and Italy the family soon became leading financiers, bankrolling a host of private and government businesses ventures. In so doing they played a major role in fuelling economic and industrial development across Europe, providing capital for major projects, particularly in the mining and railway sectors. Nowhere was this more apparent than in Spain, where for more than a century the House of Rothschild was one of the primary motors of Spanish economic development. Yet, despite the undoubted importance of the Rothschild's role, questions still remain regarding the actual impact of these financial activities and the effect they had on financial sectors, companies and Spanish markets. It is to such questions that this book turns its attention, utilising a host of archive sources in Britain, France and Spain to fully analyse the investments and financial activities carried out by the Rothschild House in Spain during the nineteenth and early twentieth centuries. In so doing the book tackles a variety of interrelated issues: Firstly, fixing the period when the main capital entries sprung from the initiatives taken by the Rothschild family, how consequential they really were, and the sectors they affected. Secondly, quantifying the importance of these investments and financial activities and the weight they had on financial sectors, companies and Spanish markets, as well as in foreign investment in each period. Thirdly, outlining the steps followed and means used by the Rothschild House in order to achieve the success in each of their businesses. Finally, analysing the consequences of this phenomenon in the actual growth of Spanish contemporary economy, both in a general and in a partial scale. By exploring these crucial questions, not only do we learn much more about the working of one of the leading financial institutions and the development of the Spanish economy, but a greater understanding of the broader impact of international finance and the flow of capital in the nineteenth century is achieved.

Considerable attention has recently been focused on the importance of social networks and business culture in reducing transaction costs, both in the pre-industrial period and during the nineteenth century. This book brings together twelve original contributions by scholars in the United Kingdom, continental Europe, and North America which represent important and innovative research on this topic. They cover two broad themes. First, the role of business culture in determining commercial success, in particular the importance of familial, religious, ethnic and associational connections in the working lives of merchants and the impact of business practices on family life. Second, the wider institutional and political framework for business operations, in particular the relationship between the political economy of trade and the cultural world of merchants in an era of transition from personal to corporate structures. These key themes are developed in three separate sections, each with four contributions. They focus, in turn, on the role of culture in building and preserving businesses; the interplay between institutions, networks and power in determining commercial success or failure; and the significance of faith and the family in influencing business strategies and the direction of merchant enterprise. The wider historiographical context of the individual contributions is discussed in an extended introductory chapter which sets out the overall agenda of the book and provides a broader comparative framework for analysing the specific issues covered in each of the three sections. Taken together the collection offers an important addition to the available literature in this field and will attract a wide readership amongst business, cultural, maritime, economic, social and urban historians, as well as historical anthropologists, sociologists and other social scientists whose research embraces a longer-term perspective.

After World War II, structures, practices and the culture of retailing in most West European countries went through a period of rapid change. The post-war economic boom, the emergence of a mass consumer society, and the adaptation of innovations which already had been implemented in the USA during the interwar period, revolutionized the world of getting and spending. But the implementation of self-service and the supermarket, the spread of the department store and the mail order business were not only elements of a transatlantic catch up process of 'Americanization' of retailing. National patterns of the retail trade and specific cultures of consumption remained crucial, and long term processes of change, starting in the 1920s or 1930s, also had an impact on the transformation of retailing in post-war Europe. This volume presents a series of case-studies looking at transformations of retailing in several European countries, offering new insights into the structural preconditions of the emerging mass consumer societies and also into the consequences consumerism had on the practices of retailing.