The monograph Actors of Globalization portrays a group of New York businessmen engaged in global trade from 1784 to 1812. It follows their businesses around the world and shows how through wit, flexibility, and the help of a worldwide net of business partners the merchants were able to quickly rise to global entrepreneurs speculating on wars, food crises and slave revolts. The ramifications of their commerce were felt at home, where the merchants invested in land and city development, established new financial institutions and contributed to a rising consumer culture. This book brings together global and local history, arguing that private actors played an important role in the economic and social development of the young United States.

In the early 1880s a disastrous plant disease diminished the yields of the hitherto flourishing coffee plantation of Ceylon. Coincidentally, world market conditions for coffee were becoming increasingly unfavourable. The combination of these factors brought a swift end to coffee cultivation in the British crown colony and pushed the island into a severe economic crisis. When Ceylon re-emerged from this crisis only a decade later, its economy had been thoroughly transformed and now rested on the large-scale cultivation of tea. This book uses the unprecedented intensity and swiftness of this process to highlight the socioeconomic interconnections and dependencies in tropical export economies in the late nineteenth century and it shows how dramatically Ceylonese society was affected by the economic transformation.

This work covers trade policy from 1923 to 1995 taking the history of American tariffs from the Prelude to Trade Wars to the present. It begins during the period of high tariffs and discusses the arguments for and against protectionism. Cordell Hull and the Reciprocal Trade Agreements of the 1930s are discussed along with the increase in trade revenue from these agreements. The major changes in trade policy including GATT, the European Community, and many more are discussed in the work. It is part of an on-going debate among economic historians over the supposed movement of the United States toward protectionism since the 1980s.

Monetary theory not only provides the tools to analyse monetary arrangements, it also shapes them in an essential way. The selected papers gathered together in this book deal with a variety of topics concerning both aspects of this twofold relationship. A number of controversial issues regarding the demand for money are empirically investigated and the functioning of a cashless economy is clarified by critically assessing the new monetary economics. Filippo Cesarano shows the important role played by monetary theory in shaping the evolution of monetary arrangements. This principle is illustrated by focusing on several issues relating to both current and future developments of monetary institutions: the optimum quantity of money, the international monetary system and monetary unions. Equilibrium models are viewed as a benchmark against which the actual conditions of the economy must be set. Money and Monetary Systems will be of great interest and value to economists specialising in monetary theory and international monetary economics, postgraduate students in economics and economic historians.

This is the eagerly-awaited first volume of the definitive History of the British Coal Industry. Well before 1700 Britain had become heavily dependent upon coal for its fuel, and coal mining had taken its place among the nation's staple industries. John Hatcher traces the production and trade of coal from the intermittent small-scale activity which prevailed in the Middle Ages to the rapid expansion and rising importance which characterized the early modern era. Thoroughly grounded in a formidable range of sources, the book explores the economics and management of mining, the productivity and profitability of colliery enterprise, and the progress of technology. Dr Hatcher examines the owners and operators of collieries and the sources of mining capital, as well as the colliers themselves, their working conditions and earnings. He argues that the spectacular growth of coal output in this period was achieved more through evolutionary than revolutionary processes. This is a scholarly, detailed, and comprehensive study, which will be an essential source for all historians of the medieval and early modern economy, and fascinating reading for anyone with an interest in the British coal industry.

The Economics of Alfred Marshall brings together a number of leading international scholars for a timely reappraisal of Marshall's contribution to the development of economics. The aims of the contributors are firstly to revisit the work of Alfred Marshall and to investigate the unity of his projects, which contemporary authors often tend to underestimate; and secondly to show how Marshall's approach is not only a subject for historians of economic thought, but may also provide a message that is relevant for the progress of economics.

Out of the ashes of its defeat in World War II, Japan arose to become the foremost economic power in the East Asia and a major player on the world economic stage. How did it do this? This work provides a concise summary and analysis of Japan's emergence as a global economic power. This guide discusses the growth of Japan as an unconventional global power based on the strength of its economy and the softening of its economy in the 1990s. Six topical essays are supported by a timeline of events in postwar Japan, biographical profiles of key players, the text of important primary documents, a glossary of terms, and an annotated bibliography.

Topical essays cover the reprise of the Rising Sun, Japan as a Cold War client, the evolution of Japan as an economic giant, contending with the Communists, pursuing partners in Asia, and Japan as a reactive global power. Biographical sketches of 15 key Japanese political and business leaders, the text of 15 primary documents, a timeline of events, a glossary of terms, and an annotated bibliography suitable for student research provide valuable reference material. Students will benefit from this cogent and readable examination of one of the key developments in the postwar world.

This is the first comprehensive economic history of the Basotho people of Southern Africa (in colonial Basutoland, then Lesotho) and spans from the 1820s to the present day. The book documents what the Basotho have done on their own account, focusing on their systematic exclusion from trade and their political efforts to insert themselves into their country's commerce. Although the colonial and post-colonial periods were unfavourable to the Basotho, they have, before and after colonial rule, launched impressive commercial initiatives of their own, which bring hope for greater development and freedom in their struggle for economic independence.

The Mexican economy is a contemporary political flashpoint, and not just in Mexico, but in the United States, as well. Yet few people understand it in its full complexity, and fewer still understand the social, cultural, and historical factors that have helped to make it what it is today and that will continue to affect its future. In Understanding the Mexican Economy, Roy Boyd, Maria Eugenia Ibarraran, and Roberto Velez-Grajales offer a comprehensive overview of these factors. They provide a full, historical, economic, and political context through which to understand the actions of the people and government of Mexico, and they give insights into how those actions impinge -- and might continue to impinge -- on the United States. They conduct a wide-ranging examination of the Mexican economy and investigate the causes of persistent problems such as economic stagnation, high poverty levels, and emigration abroad. Stressing the critical role played by economic incentives as well as Mexico's geography and political institutions, they employ a number of modeling techniques, including a specially designed computer model, to discuss a variety of topics including international trade, regional inequality, the informal economy, natural resource extraction, Mexico's "war on drugs," and the economic impact of US trade and immigration policy on both Mexico and the US. For its comprehensive overview and the new insights it provides into these crucial and yet often tragically misunderstood issues, Understanding the Mexican Economy is essential reading not only for economists, but also for practitioners with a policy interest in Mexico, for students of Latin American studies, Development Studies, geography, and sociology, and for anyone with an interest in recent events and controversies around US-Mexican relations.

This is the story of 'the greatest book' written in the English language. The First Folio (1623) was the first collection of Shakespare's drama, and the only source for half the plays. The present volume traces the Folio's sales and prices from one pound in the seventeenth century to over half a million pounds today. Counting the extant copies and showing their worldwide distribution, it also indicates their history of ownership - ranging from country parson to President of Standard Oil.

This collection of essays was commissioned for the fiftieth anniversary of the incorporation of accountants in Scotland, the country in which accountants were first chartered. It attempts to trace the origin and growth of the profession relating to accounts, auditing, and bookkeeping. Topics include ancient systems of accounting; early Italian accountants; accounting in Scotland, England, Ireland, Europe, the British colonies, and the United States; and the future of the profession. Edited by Richard Brown, contributors include John S. Mackay, Edward Boyd, J. Row Fogo, Joseph Patrick, and Alexander Sloan.

Since 1971, when the Bretton Woods gold exchange standard ended, the world has been on a fiat monetary regime, with various fiat currencies managed according to the discretion of the issuing country. Inherent in this regime is a basic problem--the ease with which the system lends itself to political manipulation. This study examines the emerging fiat regime in a world of nation states determined to preserve their sovereignty from erosion by the global economy and places this process in its economic, historical, and political perspective.

Banks failed, credit contracted, inequality grew, and people everywhere were out of work while political paralysis and slavery threatened to rend the nation in two. As financial crises always have, the Panic of 1837 drew forth a plethora of reformers who promised to restore America to greatness. Animated by an ethic of individualism and self-reliance, they became prophets of a new moral order: if only their fellow countrymen would call on each individual's God-given better instincts, the most intractable problems could be resolved. Inspired by this reformist fervor, Americans took to strict dieting, water cures, phrenology readings, mesmerism, utopian communities, free love, mutual banking, and a host of other elaborate self-improvement schemes. Vocal activists were certain that solutions to the country's ills started with the reformation of individuals, and through them communities, and through communities the nation. This set of assumptions ignored the hard political and economic realities at the core of the country's malaise, however, and did nothing to prevent another financial panic twenty years later, followed by secession and civil war. Focusing on seven individuals-George Ripley, Horace Greeley, William B. Greene, Orson Squire Fowler, Mary Gove Nichols, Henry David Thoreau, and John Brown-Philip Gura explores their efforts, from the comical to the homicidal, to beat a new path to prosperity. A narrative of people and ideas, Man's Better Angels captures an intellectual moment in American history that has been overshadowed by the Civil War and the pragmatism that arose in its wake.

This work is the second in a series examining the changing nature of one of the United States most important relationships, the ANZUS Alliance, linking the U.S., Australia, and New Zealand. The volume describes the evolution of the three countries respective domestic economic structures, international economic orientations, and relationships with each other in the period since World War II. The study concludes that the most significant common economic interest of the three is the preservation and strengthening of an open international economic order and trading system, an interest sorely tested in the present difficult economic times. Still, the experts here find that Australia, New Zealand, and the U.S. must match trends toward greater economic interdependence with workable mechanisms and concerted action to achieve their truly common interests in the international economic system.

This important work will be of interest to scholars in international relations, generally, and international economic systems, specifically.

Globalization and information and communications technology (ICT) have played a pivotal role in revolutionizing value creation through the development of human capital formation. The constantly changing needs and structure of the labour market are primarily responsible for the conversion of a traditional economy relying fundamentally on the application of physical abilities to a knowledge-based economy relying on ideas, technologies and innovations. In this economy, knowledge has to be created, acquired, developed, transmitted, preserved and utilized for the improvement of individual and social welfare. Comparative Advantage in the Knowledge Economy: A National and Organizational Resource provides a comprehensive and insightful understanding of all the dimensions of a transition from a traditional to a knowledge economy. It attempts to explain how educational achievement, skilled manpower, investment in knowledge capital and analytics will be the key to success of a nation's comparative advantage in the globalized era. The volume should be of interest to students, researchers and teachers of economics, policy makers and advanced graduate students with an interest in economic analyses and development policy.

As interest in financial markets intensifies, stimulated by the financial crisis of the early twenty-first century, this book aims to enrich our understanding of the workings and history of financial centres in the nineteenth and twentieth centuries, and the determinants of their success and failure.
The book brings together leading authorities in the field to examine the direction of international capital flows historically in light of the nature of the banking system, market organization, the regulatory framework, and contextual political and diplomatic factors. Contributions discuss competition, collaboration, withdrawal, and re-emergence of financial centres in Europe, America, and Asia over the past two centuries.
Written from a historical perspective but taking full account of recent studies in financial economics, the book, with contributions from leading international scholars, provides new research and approaches to a highly topical issue and sheds light on the recent financial crisis and its aftermath.

Understanding the American stock market boom and bust of the 1920s is vital for formulating policies to combat the potentially deleterious effects of busts on the economy. Using new data, Kabiri explains what led to the 1920s stock market boom and 1929 crash and looks at whether 1929 was a bubble or not and whether it could have been anticipated.

This book tells the story behind President Franklin D. Roosevelt's use of the phrase "living wage" in a variety of speeches, letters, and statements, and examines the degree to which programs of the New Deal reflected the ideas of a living wage movement that existed in the US for almost three decades before Roosevelt was elected president. Far from being a side issue, the previously unexplored living wage debate sheds light on the New Deal philosophy of social justice by identifying the value judgments behind its policies. Moving chronologically through history, this book's highlights include the revelation of a living wage agenda under the War Industry Board (WIB)'s National War Labor Board (NWLB) during World War I, the unearthing of long-forgotten literature from the 1920s and 30s that formed the foundation of Roosevelt's statements on a living wage, and the examination of contemporary studies that used a simple living wage formula combining collective bargaining, social insurance, and minimum wage as a standard for social justice used to measure the impact of New Deal polices.

Every school and public library should update its resources on Spain with this lively and succinct narrative of Spain's long and rich historical experience. Emphasizing people rather than abstract developments, this narrative makes Spanish history readable and engaging. Based on the most recent scholarship, it examines the politics, society, economy, and culture of Spain chronologically, focusing on the last two centuries. Pierson, a noted authority on Spanish history, traces Spain's foundations in the Roman empire and Muslim conquest to its golden age in the late Middle Ages, its subsequent decline, and its struggle to build a democratic government and modern economy following the dictatorship of Francisco Franco. The work provides a timeline of events in Spanish history, brief biographies of key figures, and a bibliographic essay of interest to students and general readers.

An introductory chapter offers an overview of Spain today, its geography, government and politics, economy, religion, and culture. The next few chapters discuss its earliest cultures, its place in the Roman empire, its Christianization and years as a Germanic kingdom, and its incorporation in 711 C.E. by military conquest into the world of Islam. The energies developed in the Christian reconquest of Spain led to its embarkation on the conquest of an overseas empire in the Americas and the Philippines that lasted for more than 300 years and had a profound effect on global history. The interests of the Habsburg (1516-1700) and Bourbon (1700-1808, 1814-1868, and 1875-1931) dynasties on the Spanish throne made Spain a major player in European power politics into the years of the French Revolution and Napoleonic wars. By 1825, its resources drained, Spain painfully adjusted to straightened circumstances, endured civil wars and dictatorships, and struggled to build a democratic government and modern economy, which it has accomplished today.

Foreign Currency Volatility and the Market for French Modernist Art examines how the collapse of the French franc in the decades following the First World War activated powerful 'push' and 'pull' economic forces that compelled French art collectors to monetise their collections while simultaneously elevating the purchasing power of international art collectors. These factors are shown to have played a significant, and previously under-recognised role, in the large-scale translocation of French modernist art that radically accelerated its commercial and critical reception across the globe and positioned it at the apex of the newly established hierarchy of modern art.

This volume traces the evolution of the field of law and economics from its European roots to its neoclassical "Chicagoan" period to its current identity as a more fluid, transatlantic discipline. Paying special attention to the work of German economist Juergen Backhaus, who was instrumental in the reintroduction of the European perspective to the field, this book analyzes this gradual shift in the law and economics debate and provides a state-of-the-art of the literature currently being produced by the field's most active scholars. Beginning with a discussion of the history of the field and Backhaus' role in its development, the volume provides a survey of issues central to the current debate such as legal processes in both Europe and the U.S., constitutional political economy, regulatory law, and the ongoing evolution of the European Union. The importance of this volume is two-fold, as it firmly grounds the discipline in history while establishing a future research agenda. This book will be of use to researchers studying law and economics as well as those interested in institutional analysis.