Taiwan's economic development experience represents a unique case study especially in the wake of the Asian financial crisis. Taiwan has performed outstandingly in terms of macroeconomic and industrial development, particularly during recent democratic and social change. This book aims to provide a broad picture of these institutional reforms and policy evolutions. The expert contributors detail and examine the interactive relationship between Taiwan's economic liberalization, political democratization and social pluralization. Taking 1980 as a watershed, the book highlights the impact these economic and cultural changes have exerted on SMEs, foreign trade and investment, technological progress, industrial development and policy, and the reform of financial and fiscal systems. They investigate the contentious issue of whether political democratization is beneficial for economic development and go on to discuss the creation of an efficient Taiwanese economy and the resolution of conflicts created by social pluralization. The book analyses the comparative advantage of Taiwan over comparable countries, paying particular attention to the Asian financial crisis. The authors offer a fresh approach by observing Taiwanese development post 1980 and integrating economic, political and social analysis. As such, development economists and scholars of Asian economics will find this unique book both useful and enlightening.

Prompted by the 'linguistic turn' of the late 20th century, intellectual and conceptual historians continue to devote a great deal of attention to the study of concepts in history. This innovative and interdisciplinary volume builds on such scholarship by providing a new history of the term 'economy'. Starting from the Greek idea of the law of the household, Luigi Alonzi traces the different meanings assumed by the word 'economy' during the middle ages and early modern era, highlighting the semantic richness of the word and its uses in various political and cultural contexts. Notably, there is a particular focus on the so-called Oeconomica literature, tracking the reception of works by Plato, Aristotle, the 'pseudo' Aristotle and Xenophon in the Italian and France Renaissance. This tradition was incredibly influential in civic humanism and in texts devoted to power and command and thus affected later debates on Natural Law and the development of new scientific disciplines in the 17th and 18th centuries. In exploring this, the analysis of the function of translations in the transmission and transformation of meanings becomes central. 'Economy' in European History shines much-needed light on an important challenge that many historians repeatedly face: the fact that words can, and do, change over time. It will thus be a vital resource for all scholars of early modern and European economic history.

This book examines the butterfly effect in China's modern economic development during the period of 1978-2018. In chaos theory, the butterfly effect refers to a phenomenon that a butterfly flaps its wings in Okinawa, and subsequently a storm may ravage New York. Deng applied a trivial idea, called the market mechanism, to China's countryside in 1978. The idea has subsequently caused economic structural changes and fast growth in the economy with the largest population in human history. China's per capita GDP jumped from $100 in 1978 to over US$8,000 in 2018. Eight hundred million people have made a great escape from poverty. By 2018, China was the world's second-largest economy from its 10th position in 1978 with its 9 per cent average annual growth rate of GDP in the previous four decades. This illuminating book will be of value to economists, scholars of China, and historians.

This volume of new, original essays reflects the lifelong concerns and writings of the person they honor, Professor Howard Sherman. Sherman wrote on a wide range of topics - the causes of recessions, depressions and mass unemployment under capitalism; the difficulties and challenges of establishing viable democratic planning systems under socialism; the down-to-earth realities of economic life in the United States, the Soviet Union and elsewhere; and the theoretical traditions he drew upon to inform these empirical studies, i.e. Keynesianism, institutionalism and, most especially, Marxism. The contributors follow in Sherman's tradition through their careful analysis of topics such as the long-term trends in contemporary global capitalism; the relationship between Marxism and institutionalism; debates over the usefulness of class analysis; the political economy of financial liberalization; lessons from the demise of socialism in the Soviet Union and China; and the possibilities for advancing a workable egalitarian economic agenda. This book demonstrates the continued vibrancy and relevance of radical political economy as a mode of social scientific analysis. Scholars and students in economics, sociology, history, philosophy and political science will find the essays thought-provoking and informative.

Most American Indian reservations are islands of poverty in a sea of wealth, but they do not have to remain that way. To extract themselves from poverty, Native Americans will have to build on their rich cultural history including familiarity with markets and integrate themselves into modern economies by creating institutions that reward productivity and entrepreneurship and that establish tribal governments that are capable of providing a stable rule of law. The chapters in this volume document the involvement of indigenous people in market economies long before European contact, provide evidence on how the wealth of Indian Nations has been held hostage to bureaucratic red tape, and explains how their wealth can be unlocked through self-determination and sovereignty.

The control of competition is designed, at best, to reconcile socioeconomic stability with innovation, and at worst, to keep competitors out of the market. In this respect, the nineteenth century was no more liberal than the eighteenth century. Even during the presumed liberal nineteenth century, legal regulation played a major role in the economy, and the industrial revolution was based on market institutions and organisations formed during the second half of the seventeenth century. If indeed there is a break in the history of capitalism, it should be situated at the turn of the nineteenth and twentieth centuries, with the irruption of mass production, consumption and the welfare state, which introduced new forms of regulation. This book provides a new intellectual, economic and legal history of capitalism from the eighteenth century to the early twentieth century. It analyzes the interaction between economic practices and legal constructions in France and compares the French case with other Western countries during this period, such as the United Kingdom, the United States, Germany and Italy.

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

The late seventeenth century was a crucial period in English financial history. A host of joint-stock companies emerged offering the opportunity for investment in projects ranging from the manufacture of paper to the search for sunken treasure. Driven by the demands of the Nine Years' War, the state also employed innovative tactics to attract money, its most famous scheme being the incorporation of the Bank of England. This 2009 book provides a comprehensive study of the choices and actions of the investors who enthusiastically embraced London's new financial market. It highlights the interactions between public and private finance, looks at how information circulated around the market and was used by speculators and investors, and documents the establishment of the institutions - the Bank of England, the national debt and an active secondary market in that debt - on which England's financial system was built.

This comprehensive and far-reaching book describes the growth and economic integration of the European economy from 1500 to 1913. The authors apply macroeconomic techniques to identify growth rates, inflation, product markets, trade networks and business cycles across a set of countries over the period. The book demonstrates that growth was the natural state for European economies throughout the period although, under the impetus of the industrial revolution, growth rates generally accelerated by the end of the nineteenth century. Similarly, business cycles in the modern sense seem to have been in evidence at the beginning of the period but by the eighteenth century there is no doubt that modern cycles affected these countries, sometimes simultaneously. Inflationary episodes are both distinct and shared in this long period, with the long inflation of the sixteenth century attesting to the integration of European markets. Finally, the authors find abundant quantitative evidence to support the argument that economies linked by international trade in 1500 came close to achieving global integration by 1913. The European Macroeconomy will be of interest to scholars of economic history, international economics and macroeconomics.

This major new book contains contributions by many of the leading historians of technology. The contributors argue that culture, institutions and learning either made the way for, or blocked technological and industrial transformation. Their essays include broad comparative frameworks between Europe and Asia, and Europe and America, and examine the specific experiences of Britain, France, Holland, Germany and Scandinavia. Themes addressed include cultures of invention and the learning economy, technological inertia and path dependence, patents and product innovation, and technology, institutions and boundaries.

This book discusses the case for socialism and the models of socialist planning. Through examining different countries, each chapter examines the successes and failures of contrasting socialist policies. The theories and techniques of socialist planning are discussed in relation to the Soviet Union and India, with additional attention given to Great Britain, Scandinavia, and the former Yugoslavia. Imperialism and Capitalism, Volume 2: Normative Perspectives aims to explore the alternatives to capitalism within different sectors and situations. The book is relevant to those interested in economics, development studies, international relations, and global politics.

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

Globalization and the Politics of Institutional Reform in Japan illuminates Japan's contemporary and historical struggle to adjust policy and the institutional architecture of government to an evolving global order. This focused and scholarly study identifies that key to this difficulty is a structural tendency towards central political command, which reduces the country's capacity to follow a more subtle allocation of authority that ensures political leadership remains robust and non-dictatorial. Thus, Motoshi Suzuki argues that it is essential for a globalizing state to incorporate opposition parties and transgovernmental networks into policy-making processes. Providing an in-depth analysis of the theories of institutional change, this book introduces readers to a wealth of perspectives and counterarguments concerning analysis of political decision-making and policy adjustment on both the national and international scale. Placing Japanese policy reform in the global context and relating policy reform to leadership's political strategies, the author gives a detailed chronological and analytical overview of Japan's challenging institutional, political and bureaucratic transformations since the Meiji Restoration of the late nineteenth century. Analysis of globalization and policy reform in a non-liberal state, and the relationship between politicians and bureaucrats from an international perspective is included. For those interested in historical and contemporary Japanese politics from a theoretical perspective, particularly the implications of globalization and the politician-bureaucrat relationship, this is an indispensable resource.

This book is an edited collection by leading insurance historians, examining the historical role of reinsurance (the insurance of insurers) in the insurance markets of eight countries: USA, Netherlands, Sweden, France, Spain, Italy, Mexico and Japan. All the contributors are experts in their field and have widely published in insurance history, providing the reader with new insights into the insurance and economic history of these countries. In particular, this is the first book to explore the reinsurance markets in the USA, Netherlands, France, Italy and Mexico. This book will be of interest to economic and business historians, as well as insurance practitioners with an interest in the history of their industry.

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

An insightful collection of essays focused on American men, women, and children from a range of economic classes and ethnic backgrounds during the Great Depression. Who were the people waiting in the bread lines and living in Hoovervilles? Who were the migrants heading North and West? Did anyone survive the Depression relatively unscathed? Giving a voice to stories often untold, Great Depression: People and Perspectives covers the full spectrum of American life, portraying the experiences of ordinary citizens during the worst economic crisis in the nation's history. Great Depression shows how specific groups coped with the traumatic upheaval of the times, including rural Americans, women, children, African Americans, and immigrants. In addition, it offers revealing chapters on the conflict between social scientists and policymakers responding to the crisis, the impact of the Depression on the health of U.S. citizens, and the roles that American technology and Hollywood movies played in helping the nation survive. 11 expert contributors, including well-established scholars who bring new perspectives to the study of the Great Depression A wide range of primary sources such as news articles, photographs, diaries, and letters that provide a deeper understanding of daily life during the Depression

This groundbreaking book provides the first comprehensive account of the "juridiction consulaire," ""or Merchant Court, of eighteenth-century Paris. Drawing on extensive archival research, Amalia D. Kessler reconstructs the workings of the court and the commercial law that it applied and uses these to shed new light on questions about the relationship between commerce and modernity that are of deep and abiding interest to lawyers, historians, and social scientists alike. Kessler shows how the merchants who were associated with the court--and not just elite thinkers and royal reformers--played a key role in reconceptualizing commerce as the credit-fueled private exchange necessary to sustain the social order. Deploying this modern conception of commerce in a variety of contexts, ranging from litigation over negotiable instruments to corporatist battles for status and jurisdiction, these merchants contributed (largely inadvertently and to their ultimate regret) to the demise of corporatism as both conceptual framework and institutional practice. In so doing, they helped bring about the social and political revolution of 1789. Highly readable and engaging, "A Revolution in Commerce" provides important new insights into the rise of commercial modernity by demonstrating the remarkable role played by the law in ideological and institutional transformation.

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

What were the consequences of the German occupation for the economy of occupied Europe? After Germany conquered major parts of the European continent, it was faced with a choice between plundering the suppressed countries and using their economies to produce what it needed. The decision made not only differed from country to country but also changed over the course of the war. Individual leaders; the economic needs of the Reich; the military situation; struggles between governors of occupied countries and Berlin officials, and finally racism all had an impact on the outcome. In the end, in Western Europe and the Czech Protectorate, emphasis was placed on production for German warfare, which kept these economies functioning. New research, presented for the first time in this book, shows that as a consequence the economic setback in these areas was limited, and therefore post-war recovery was relatively easy. However, plundering was characteristic in Eastern Europe and the Balkans, resulting in partisan activity, a collapse of normal society and a dramatic destruction not only of the economy but in some countries of a substantial proportion of the labour force. In these countries, post-war recovery was almost impossible.