This book uses Figueroa's unified theory of capitalism to explain how economic growth has led to a new epoch, the Anthropocene, and it presents a new set of economic principles that are needed in this new age. The policies presented in the book are derived from an empirically corroborated scientific theory. Therefore, this book is unique in its discussion of public policy as the result of scientific knowledge, rather than based on ideology or private interests. In the new epoch we have entered, man is now the main factor in the fate of the Earth, and in social terms, the Anthropocene age also implies a period of high and persistent income inequality in the capitalist system, with the consequence of social disorder. Figueroa considers these conditions and addresses fundamental problems of our time, such as the ideal organization of production and distribution, and the functionality of a zero-growth society. Standard economics would approach these problems under the assumption that we still live in the Holocene age, but in this book, Figueroa both explains and develops new economic principles for this new context.

This is the first volume to appear in what will be a definitive multi-volume series covering the whole of modern Japanese economic history. Written by the leading Japanese scholars, the volumes have been abridged and rewritten for a non-Japanese readership. Dual Structure covers the first half of the twentieth century when Japan's economic modernization brought the country into the circle of world powers between the two world wars; the economic system established in the Second World War transformed the economy; and postwar reconstruction provided the foundations for an extraordinary economic dynamism.

This book discusses the extent to which Thomas Piketty's work can offer a model for ancient economic history, both methodologically and politically. The book derives from a research workshop in Berlin in April 2018, which brought together a group of established and early career scholars to discuss the implications of Piketty's work and related themes for classical antiquity. Key questions reflected in the text include:d: How should we characterise the 'development' of the economy/economies of the classical Mediterranean, in relation to the role of 'capital' and the prevalence of inequality? How was wealth, both public and private, evaluated and managed? How much of the wealth of their society did the ancient 1% control - and is their dominance better understood in terms of the power of capital, or the role of predation and state capture? How far did certain ancient polities - above all the Greek city-states - succeed in placing limits on the power of the rich and integrating their interests with those of the masses? Did inequality increase between the height of the Roman Principate and late antiquity, as is often believed? This book will be valuable reading for academics and students working in economic history, ancient history, and other related fields.

This book theoretically and empirically investigates the emergence of strong money demand in wartime Japan (1937-1945), its disappearance after the end of the war (1945-1949), and the reemergence of strong money demand in contemporary Japan (from 1995 to the present) in terms of the effects on fiscal activities and the price level. An augmented fiscal/monetary theory of the price level is constructed from a close examination of the strong money demand present in these periods. Then, profoundly puzzling phenomena such as mild deflation despite monetary expansion, low long-term interest rates despite fiscal unsustainability, and weak aggregate demand despite near-zero rates of interest, all of which are actually being observed in contemporary Japan, can now be interpreted in line with the above augmented theory. In the present, strong money demand at near-zero rates endows the Japanese government with maximum fiscal flexibility. However, if it disappeared for some reason, prices would surge to the quantity theory of money level, and fiscal sustainability would have to be restored. In the future, alternative currency units issued by private banks might carry out a purge of such strong demand for the yen.

The book examines the evolution of the political, social and economic life of Cyprus from its conquest by Richard the Lionheart to the 1950 referendum on Enosis. Even with such a long period, around 900 years, the interest in controlling the island becomes clear given its particularly advantageous geographical position between Europe, Africa and Asia. Undoubtedly, Cyprus has always been an important centre for military and economic activity in the wider region. This book provides an interdisciplinary approach which combines history, political science, sociology, international relations and economics. It will be of interest to academics in Economic History, Middle-Eastern Studies, Mediterranean Studies and researchers in general, as well as anyone interested in political theory and the role of the state in particular.

It is now widely acknowledged that history is useful, even essential, because it helps us predict the future. The history of ideas in economics, as in other fields of inquiry, plays an important role in enlightening current researchers as they endeavour to understand contemporary events and anticipate the future of human societies. This book brings together a fine collection of chapters that span contributions from forgotten classics to the most recent new thinking about critical issues such as growth, wealth, its creation and its distribution among members of society. It is A Brief History of Economic Thought, but it will certainly go a long way in helping undergraduate students and other researchers who are curious about the evolution of economic ideas over the last five centuries. Chapters offer discussions on the main tenets of post-Keynesian economics, and focus on issues of growth, wealth and income distribution. The debate on the role of government versus the market is brought to the fore within the context of economic thought from the Physiocrats to the post-Keynesians. The editors have created an essential read for scholars and students interested in the history of economic thought and post-Keynesian economics.

From an international perspective the Swedish economy has some unique features and therefore affords a most interesting model for researchers in economic history. The country has experimented with numerous economic strategies including pre-Keynesian policies in the 1930s, active labour market policies and an extensive welfare system. This book covers the most important aspects of the Swedish economy: two brief sections concerning historiography and offering a general background to the subject are followed by a selection of articles on demography, migration, the labour market, agriculture, industrialization, transport, trade, industrial organization, finance and economic policy. The volume brings together a unique and comprehensive collection of the most significant studies on the development of the Swedish economy since 1870. Several of the contributions appear for the first time in English.

Originally published in 1967, this was the first book to discuss why agricultural supply became more ‘responsive’ and to provide broadly based evidence of the ways in which that ‘responsiveness’ may have influenced the growth of the economy. The editor chose 7 essays, reprinted in full, to illustrate altered perspectives of agricultural change. His substantial introduction places the beginnings of a significant rise in farm output as far back as the mid-seventeenth century and concludes that agriculture played a vital but complicated role in the economy of eighteenth-century England.

For centuries, bird guano has played a pivotal role in the agricultural and economic development of Latin America, East Asia, and Oceania. As their populations ballooned during the Industrial Revolution, North American and European powers came to depend on this unique resource as well, helping them meet their ever-increasing farming needs. This book explores how the production and commodification of guano has shaped the modern Pacific Basin and the world's relationship to the region. Marrying traditional methods of historical analysis with a broad interdisciplinary approach, Gregory T. Cushman casts this once little-known commodity as an engine of Western industrialization, offering new insight into uniquely modern developments such as environmental consciousness and conservation movements; the ascendance of science, technology, and expertise; international relations; and world war.

"How did Sweden go from a financially backward country to one with a well functioning financial system? Why did this financial revolution occur after the mid-nineteenth century and not before? This book discusses the role of politics and economics in this change and what it means for economic development, market integration and financial crises"--Provided by publisher.

The two earliest Goldsmiths' record books reveal details of working practices, financial accounts, apprentices, civic events such as pageants, misdeeds broght before the wardens, and much else besides. The goldsmiths of London had formed an organised guild, or mistery (in the medieval sense of "craft" or "profession") by the twelfth century. Granted their first royal charter in 1327 by Edward III, they are one of the twelve great livery companies, and still oversee the work of goldsmiths, silversmiths and jewellers. Published here for the first time are their two earliest record books, presented in the original languages, French (Anglo-Norman), Englishand Latin, with a facing-page translation into modern English. From these full records valuable and lively detail emerges: the working practices of gold and silversmiths, the financial accounts of the wardens, apprentices admitted, participation in civic events such as pageants, and records of offences (both professional and personal) brought before the disciplinary court. The edition is accompanied by a full introduction, a bibliography, a subject index and a complete name index. LISA JEFFERSON, MA, D Phil, FSA, is a medievalist who works both in Oxford and in France.

In 1966 two columnists joined Newsweek magazine. Their assignment: debate the world of business and economics. Paul Samuelson was a towering figure in Keynesian economics, which supported the management of the economy along lines prescribed by John Maynard Keynes's General Theory. Milton Friedman, little known at that time outside conservative academic circles, championed "monetarism" and insisted the Federal Reserve maintain tight control over the amount of money circulating in the economy. In the nimble hands of author and journalist Nicholas Wapshott, Samuelson and Friedman's decades-long argument becomes a window through which to view one of the longest periods of economic turmoil in the United States. As the soaring economy of the 1950s gave way to decades stalked by declining prosperity and "stagflation", it was a time when the theory and practice of economics became the preoccupation of politicians and the focus of national debate. It is an argument that continues today.

This collection of essays explores the impact that nationalism, capitalism and socialism had on economics during the first half of the twentieth century. Focusing on Central Europe, contributors examine the role that businesspeople and enterprises played in Germany's and Austria's paths to the catastrophe of Nazism. Based on new archival research, the essays gathered here ask how the business community became involved in the political process and describes the consequences arising from that involvement. Particular attention is given to the responses of individual businesspeople to changing political circumstances and their efforts to balance the demands of their consciences with the pursuit for profit.

Debates about the origins and effects of European rule in the non-European world have animated the field of economic history since the 1850s. This pioneering text provides a concise and accessible resource that introduces key readings, builds connections between ideas and helps students to develop informed views of colonialism as a force in shaping the modern world. With special reference to European colonialism of the nineteenth and twentieth centuries in both Asia and Africa, this book: * critically reviews the literature on colonialism and economic growth; * covers a range of different methods of analysis; * offers a comparative approach, as opposed to a collection of regional histories, deftly weaving together different themes. With debates around globalization, migration, global finance and environmental change intensifying, this authoritative account of the relationship between colonialism and economic development makes an invaluable contribution to several distinct literatures in economic history.

Workers in Brazil and the United States have followed parallel and entangled histories for many centuries. Recent experiences with progressive, popular presidents and authoritarian, populist presidents in the two most populous countries in the hemisphere have underscored important similarities. The contributors in this volume focus on the comparative and transnational histories of labor between and across Brazil and the United States. The countries' histories bear the marks of slavery, racism, transoceanic immigration, and rapid urbanization, as well as strong regional differentiation and inequalities. These features decisively shaped the working classes. Brazilian and US labor history debates have erupted and subsided at different times. This collection synthesizes those debates while adding new topics and new sources from both countries. The international group of historians' methodologically innovative chapters explore links, resonances, and divergences between US and Brazilian labor history. They widen the scope of analysis for themes and problems that have long been familiar to historians of work and workers in the two countries, but have not provoked close dialogues between scholars in the respective places. Though the histories themselves were often entangled, the debates about them have too rarely intertwined.

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

A pronoia was a type of conditional grant from the emperor, often to soldiers, of various properties and privileges. In large measure the institution of pronoia characterized social and economic relations in later Byzantium, and its study is the study of later Byzantium. Filling the need for a comprehensive study of the institution, this book examines the origin, evolution and characteristics of pronoia, focusing particularly on the later thirteenth and fourteenth centuries. But the book is much more than a study of a single institution. With a broad chronological scope extending from the mid-tenth to the mid-fifteenth century, it incorporates the latest understanding of Byzantine agrarian relations, taxation, administration and the economy, as it deals with relations between the emperor, monastic and lay landholders, including soldiers and peasants. Particular attention is paid to the relation between the pronoia and Western European, Slavic and Middle Eastern institutions, especially the Ottoman timar.

Paul Auerbach's Socialist Optimism offers an alternative political economy for the twenty-first century. Present-day capitalism has generated growing inequality of income and wealth, persistent high levels of unemployment and ever-diminishing prospects for young people. But in the absence of a positive vision of how society and the economy might develop in the future, the present trajectory of capitalism will never be derailed, no matter how acute the critique of present-day developments. The detailed blueprint presented here focuses upon the education and upbringing of children in the context of social equality and household security. It yields a well-defined path to human development and liberation, as well as democratic control of working life and public affairs. Socialism as human development gives a unity and direction to progressive policies that are otherwise seen to be a form of pragmatic tinkering in the context of a pervasive capitalist reality.

This book provides a unique historical perspective on expectations in economic theory, and applications of expectations models in economic history. Based on papers presented at the 2017 Thomas Guggenheim Conference, it brings together the work of economists, historians of economics, and economic historians on issues and events concerning expectations in economics and economic history. The contributions address: (i) the history of expectations models; (ii) growth, expectations and political economy; (iii) controversies regarding expectations methods and models; (iv) expectations in theory and reality; and (v) expectations in economic history. The book opens with a lecture by Thomas Guggenheim Prize winner Duncan Foley on the evolution of expectations in modern economic thought. The remaining content is divided into two parts, the first of which focuses on the utilization of expectations in the "ancient" and "meso" periods of high theory, i.e., from Smithian to Keynesian approaches. The papers cover topics such as "modern" applications of expectations in both "Tobinesque-Phillips" and "Harrodian-Solowian" contexts, and the debate between Friedmanite and Keynesian approaches to expectation formation. In turn, the last part presents essays on the role of economic expectations in connection with historical events and contexts, ranging from the early 20th century to World War II, and on the application of expectations theory to hyperinflation and stabilization, taking Israel as a case study.

This book provides insight into the remarkable life and work of the Italian economist Antonio de Viti de Marco (1858-1943). This book presents eleven interviews with American and Italian scholars from various disciplines that provide a profile of this major intellectual as an economic theorist, politician, and individual. He was the founder of the pure theory of Public Finance, played an important role in the foundation of Public Choice, and was also a staunch liberal and radical politician. An English translation of one of his books, made as early as 1936, greatly influenced James M. Buchanan, Nobel prize-winner for economics.

This book offers a multidisciplinary account of the 'rule of law' as a central pillar of the classical liberal tradition. The authors analyze the original meaning of this expression as first introduced by British jurist A. V. Dicey, before examining its subsequent elaboration by Leoni, Fuller, Hayek and Oakeshott. Addressing the main philosophical and legal aspects of the rule of law, this volume will appeal to all those engaged in law, political theory, philosophy, economics, business ethics, and public policy.

This book examines the application of risk-sharing finance as a national economic policy in history and how it stimulated economic recovery during a short period in Germany between 1933 and 1935. Economic history indicates that risk-sharing instruments have promoted socio-economic development in many parts of the world while risk-shifting methods have imposed huge socio-economic costs on many nations, leading to debt slavery on individual members. This book highlights lessons to be learned from history and argues that risk-sharing is a powerful tool for generating rapid economic recovery and resumption of growth.

This edited collection demonstrates how economic history can be analysed using both quantitative and qualitative methods, connecting statistical research with the social, cultural and psychological aspects of history. With their focus on the time between the end of the commercial revolution and the Black Death (c. 1300), and the Thirty Years' War (c. 1600), Kypta et al. redress a significant lack of published work regarding economic history methodology in the premodern period. Case studies stem from the Holy Roman Empire, one of the most important economic regions in premodern times, and reconnect the German premodern economic history approach with the grand narratives that have been developed mainly for Western European regions. Methodological approaches stemming from economics as well as from sociology and cultural studies show how multifaceted research in economic history can be, and how it might accordingly offer us new insights into premodern economies.

The nineteenth century was an exciting and dynamic era of rapid progress in industry and technology. One of the most vigorous of the new industries was petroleum. It first transformed the way people lit their houses, displacing whale oil and other substitutes, and then revolutionized the entire field of energy and helped create the modern world. During the nineteenth century, oil was overwhelmingly dominated by the United States and the Russian Empire, together responsible for 97% of the world's production; and over the course of the century, nearly all the Russian Empire's oil came from the territory that is now the independent state of Azerbaijan. Many people don't know that the world's first industrial oil well was drilled in Azerbaijan in 1846, thirteen years before Drake's celebrated well in Pennsylvania. This book covers oil in the United States and Azerbaijan, in all its dynamism, from its earliest beginnings to the turn of the twentieth century. It treats both business and technology, from the early wildcatters to Standard Oil and the Nobel Brothers (yes, that remarkable family created more than a famous prize!). The book echoes into the present day; for good or ill, oil still moves the world.