Charles MacKay's groundbreaking examination of a staggering variety of popular delusions, crazes and mass follies is presented here in full with no abridgements. The text concentrates on a wide variety of phenomena which had occurred over the centuries prior to this book's publication in 1841. Mackay begins by examining economic bubbles, such as the infamous Tulipomania, wherein Dutch tulips rocketed in value amid claims they could be substituted for actual currency. As we progress further, the scope of the book broadens into several more exotic fields of mass self-deception. Mackay turns his attention to the witch hunts of the 17th and 18th centuries, the practice of alchemy, the phenomena of haunted houses, the vast and varied practices of fortune telling and the search for the philosopher's stone, to name but a handful of subjects. Today, Extraordinary Popular Delusions and The Madness of Crowds is distinguished as an expansive, well-researched and somewhat eccentric work of social history.

In this book some of the world's leading economists and experts on Serra explore the enduring appeal of his 1613 Breve trattato.

This book examines the three historical master tales and questions their validity and relevance in today's moment of global disorientation and lack of convincing and dominant economic narrative. Investigating the ideological dimension and exploring the continued impact of Marx, Keynes and Hayek, the authors demonstrate how these three economic narratives became entangled over time and under increasing complexity, overlapping and competing with each other. The book reflects on the meaning of the historical legacy of the three narratives and investigates their significance today. All three outlined the prospects of a better and more economically efficient world with increased social justice, Magnusson and Strath argue that they constitute a legacy on which a new economic tale must be based, a legacy to draw on or confront. A concise and engaging work, this is an ideal resource for students and academics interested in economics, political science, history and global studies. A Brief History of Political Economy presents a powerful economic history of the last 170 years as a basis for economic reconsideration.

The Political Economy of Imperial Relations offers a much needed historical and theoretical intervention into the relationship between Britain and Malaya after the Second World War. It challenges existing accounts and details a strong continuity in this relationship from 1945 until 1960.

In the decades after World War II, inflation undermined the aspiration for full employment in Australia. This book tells the story of how the Australian state was shaped by the confrontation with monetary instability: a pre-history of neoliberalism.

Although there have been numerous studies of the causes and consequences of the Great Financial Crisis of 2007-2010 in the US and abroad, many of these were undertaken only for a small number of countries and before the financial and economic effects were fully realized and before various governmental policy responses were decided upon and actually implemented. This book aims to fill these voids by providing a more thorough assessment now that the worst events and the regulatory reforms are sufficiently behind us and much more information about these developments is available. It reviews and analyzes the causes and consequences of and the regulatory responses to the Great Financial Crisis, particularly from a public policy viewpoint. In the process, it explores such intriguing questions as: What caused the crisis? How did the crisis differ across countries? What is the outlook for another crisis, and when? This is a must read for those who are trying to find answers to these questions.

This volume sheds light on the important role of copper in early modern Sino-Japanese trade. By examining the demand for copper and the policy on copper procurement in Japan and China as well as the role of Osaka merchant houses, this volume provides a new slant on the "life" of Japanese copper - from production and distribution to consumption. In addition, papers on other significant traded products such as sugar, seafood, and books give us a better understanding of Sino-Japanese trade overall. The latest discussions on this field, which were mostly published in Japanese, have been brought together in this book and made accessible to an English-speaking audience. Contributors include: IMAI Noriko, IWASAKI Yoshinori, LIU Shiuh-Feng, MATSUURA Akira, and Keiko NAGASE-REIMER.

The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current 'backward' financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream 'blackboard' economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself.

Why did Europe experience industrialisation and modern economic growth before China, India or Japan? This is one of the most fundamental questions in Economic History and one that has provoked intense debate. The main concern of this book is to determine when the gap in living standards between the East and the West emerged. The established view, dating back to Adam Smith, is that the gap emerged long before the Industrial Revolution, perhaps thousands of years ago. While this view has been called into question - and many of the explanations for it greatly undermined - the issue demands much more empirical research than has yet been undertaken. How did the standard of living in Europe and Asia compare in the seventeenth and eighteenth centuries? The present book proposes an answer by considering evidence of three sorts. The first is economic, focusing on income, food production, wages, and prices. The second is demographic, comparing heights, life expectancy and other demographic indicators. The third combines the economic and demographic by investigating the demographic vulnerability to short-term economic stress. The contributions show the highly complex and diverse pattern of the standard of living in the pre-industrial period. The general picture emerging is not one of a great divergence between East and West, but instead one of considerable similarities. These similarities not only pertain to economic aspects of standard of living but also to demography and the sensitivity to economic fluctuations. In addition to these similarities, there were also pronounced regional differences within the East and within the West - regional differences that in many cases were larger than the average differences between Europe and Asia. This clearly highlights the importance of analysing several dimensions of the standard of living, as well as the danger of neglecting regional, social, and household specific differences when assessing the level of well-being in the past.

Lady Alice Le Strange of Hunstanton in Norfolk kept a continuous series of household accounts from 1610-1654. Jane Whittle and Elizabeth Griffiths have used the Le Stranges' rich archive to reconstruct the material aspects of family life. This involves looking not only at purchases, but also at home production and gifts; and not only at the luxurious, but at the everyday consumption of food and medical care. Consumption is viewed not just as a set of objects owned, but as a process involving household management, acquisition and appropriation, a process that created and reinforced social links with craftsmen, servants, labourers, and the local community. It is argued that the county gentry provide a missing link in histories of consumption: connecting the fashions of London and the royal court, with those of middling strata of rural England. Recent writing has focused upon the transformation of consumption patterns in the eighteenth century. Here the earlier context is illuminated and, instead of tradition and stability, we find constant change and innovation. Issues of gender permeate the study. Consumption is often viewed as a female activity and the book looks in detail at who managed the provisioning, purchases, and work within the household, how spending on sons and daughters differed, and whether men and women attached different cultural values to household goods. This single household's economy provides a window into some of most significant cultural and economic issues of early modern England: innovations in trade, retail and production, the basis of gentry power, social relations in the countryside, and the gendering of family life.

Herbert Hoover, as Secretary of Commerce, and Benjamin Strong, as Governor of the Federal Reserve Bank of New York, played a critical role in the formulation of American monetary policy during the 1920s. Yet little attention has been given to the relationship between them--at first cooperative, then increasingly one of conflict and factionalism--or to the impact of that relationship on policy formulation. This book sheds new light on their roles in policy making and relates those roles to larger conflicts over where policy should be made, how the Federal Reserve System should be structured, and the balance that should be struck between international, national, and regional considerations.

Focusing on the Hoover-Strong relationship from a political rather than a purely economic perspective, the book's scope includes both domestic and international aspects of Federal Reserve policy formulation. New sources have enabled the author to provide both fresh details and a broader interpretation. Elaborating on the belief that the Depression resulted from policies developed during the autumn of 1927, the author contends that the foundation for those policies was laid with America's decision to underwrite the Dawes plan, the decision to underwrite England's return to the gold standard, and the involvement in European monetary stabilization--all issues over which Hoover and Strong disagreed.

This new edition contains the texts and translations of two key documents in medieval English history. The Dialogus de Scaccario, or Dialogue of the Exchequer, written by Richard fitzNigel - an insider at the court of Henry II (1154-89), has long formed the basis of historical knowledge of royal finance in the later twelfth century. It focuses on the annual audit of the sheriffs' accounts that led to the writing of the documents known as the pipe rolls. The Dialogus details the personnel and procedures of revenue collection at a time of critical importance for English government, administration, law, and economic development. It is a practical handbook rather than a theoretical treatise, and it occupies a unique place in English history.
The Constitutio Domus Regis, dating from the reign of Henry I (1100-35), is the first document to describe the payments made to that group of men (and one woman) whose duty it was to look after the king's bodily needs. Kings have always been surrounded by such people, but it is not until the early years of the twelfth century that we can begin to see these people in any detail. The Constitutio is an enigmatic text and has been largely misunderstood by those who have used it before now.
This edition is the first to collate all the relevant manuscripts fully. The two documents are accompanied by new readable translations, full introductions, and detailed notes, making them accessible and comprehensible twelfth-century English texts. Together, they provide a window into the workings and personnel of medieval English government.

This work focuses on problems of economic development, modernization, effective control, and possible democratic evolution of Russia. It is intended to bring the study of Russian politics into the mainstream of political science, and it assumes no previous knowledge on the part of the reader. Fundamental questions about the nature of political, economic, and social development are addressed. It examines and explains the incapacity of the Soviet system to deal with problems of modernization, including establishing and maintaining a political order, economic growth, and legitimacy. The work emphasizes dynamic relationships and changes.

This is a quantitative reexamination of the behavior of the Founding Fathers during the creation of the United States' Constitution. It employs cliometric analysis, formal economic analysis, and modern statistical techniques, to explain the choices the founders made during the drafting and ratification of the Constitution.

This book examines the role of mercantile networks in linking Asian economies to the global economy. It contains fourteen contributions on East, Southeast and South Asia covering the period from 1750 to the present.

Volume 39B of Research in the History of Economic Thought and Methodology, includes a symposium marking the centenary of Carl Menger's death in 1921. The symposium, edited by Reinhard Schumacher and Scott Scheall, features contributions from Sandra J. Peart, Gunther Chaloupek, Erwin Dekker, and Sandye Gloria. The Volume also features general-research essays from Marina Uzunova and Alexander Linsbichler.

The Hanse, an organization of towns and traders in medieval and early modern Europe, was a unique phenomenon. At the same time, it was embedded in the northern European urban and mercantile culture. The contributions in this volume therefore seek to highlight the atypical features of the Hanse, and place them in a wider context of common roots, influences and parallel developments. New research is presented on the origin and growth of the Hanse, the organization of trade, legal history, interaction with non-Hansards and transitions in the Hanse in the early modern period. Moreover, the historiography of the Hanse, problems of source criticism and possibilities for future research are discussed. The volume is an inspiring guide to Hanse studies. Contributors are Carsten Jahnke, Edda Frankot, Sofia Gustafsson, James M. Murray, Mike Burkhardt, Marie-Louise Pelus-Kaplan, Stuart Jenks, and Justyna Wubs-Mrozewicz.

This collection of seventeen essays takes its inspiration from the scholarly achievements of the Dutch historian Jan Lucassen. They reflect a central theme in his research: the history of labor. The essays deal with five major themes: the production of specific commodities or services (diamonds, indigo, cigarettes, mail delivery by road runners); occupational groups (informal street vendors, prostitutes, soldiers, white-collar workers in the Dutch East India Company, VOC); geographical and social mobility (career opportunities on non-Dutch officers in the VOC, immigration into early-modern Holland; the influence of migrants on labor productivity; income differentials as migration incentives); contexts of labor relations (late medieval labor laws, subsistence labor and female paid labor, Russian peasant-migrant laborers, diverging political trajectories of cane-sugar industries); and the origins of labor-history libraries and archives.

When The Grapes of Wrath was published in 1939, it had an explosive effect on the public, calling attention to the problems of migrant farm workers during the Great Depression. This casebook provides a rich source of primary materials on the period and the plight of the migrant farm worker that brings to life the problems Steinbeck immortalized in the novel. Included are interviews with eyewitnesses to the Dust Bowl, firsthand accounts and investigative reports of the causes and effects of the Great Depression, letters to Eleanor Roosevelt and Labor Secretary Frances Perkins, diaries and autobiographies of migrant farm workers in the 1930s, newspaper articles and editorials of the period, congressional testimony, a Wobbly song, affidavits by union activists, and other unique materials, many of which have never before appeared in print. All these materials can be used in literature, American history, and interdisciplinary classes to enrich the study of this novel and its times. Following a literary analysis of the novel, six chapters present primary documents on the following topics related to the novel: the financial causes and results of the Great Depression; the history of farming in the early twentieth century and the growth of agribusiness in California; working and living conditions of migrant farm workers in 1930s California; attempts to unionize farm workers and major strikes of the period; lawlessness among law enforcement officers in dealing with union members; the legacy of the 1930s--Cesar Chavez and the United Farm Workers, and working and living conditions of farm workers long after the publication of the novel. Each chapter is followed by study questions, topics forresearch papers and class discussion, and suggestions of further reading.

.Economic reform measures introduced in Poland have been the most radical and ambitious in the newly free countries of Eastern Europe. In a short time that country has moved from a centrally planned economy to a free-market system. The ramifications and implications of these economic reforms are influencing economic thought and planning in other recently liberalized, formerly communist societies.

Raphael Shen asserts that measures taken to transform the Polish economy should be implemented over time rather than overnight, and should be moderate rather than radical. Throwing the centrally planned system out and replacing it with the free-market system instantly means that, in the short term at least, Poland will have no smoothly functioning system in place. The necessary economic infrastructure and basic institutions have had no time to develop. The contrived market system cannot function in a meaningful way. The current experience in Poland has already led to extensive disillusionment among Polish consumers and doubts among academicians. The Polish experience will be a valuable lesson in economics for students and decision makers. Shen's book valuable to students, teachers, and researchers in the areas of comparative economic systems, economic development, and economic history.

James Tobin, 1981 Nobel laureate in economics, was the outstanding monetary economist among American Keynesian economists. This book, the first written about James Tobin, examines his leading role as a Keynesian macroeconomist and monetary economist, and considers the continuing relevance of his ideas.