Since the end of World War II, European airlines have revealed their own operational style. By analyzing seven European flag carriers, Dienel and Lyth provide a comparative study of the airline business, covering government policy, aircraft procurement, network growth, commercial performance and collaboration with other airlines and transport modes. This study also seeks to explain why national flag carriers have survived in an age of globalization and strategic alliances. A concluding chapter views the contrasting American air transport industry.

For much of the twentieth century, the prevalence of dictatorial regimes has left business, especially multinational firms, with a series of complex and for the most part unwelcome choices. This volume, which includes essays by noted American and European scholars such as Mira Wilkins, Gerald Feldman, Peter Hayes, and Wilfried Feldenkirchen, sets business activity in its political and social context and describes some of the strategic and tactical responses of firms investing from or into Europe to a myriad of opportunities and risks posed by host or home country authoritarian governments during the interwar period. Although principally a work of history, it puts into perspective some commercial dilemmas with which practitioners and business theorists must still unfortunately grapple.

Most macroeconomists agree that we live in the age of microfoundations. The recent worldwide financial crisis may have emboldened critics of this microfoundational orthodoxy, but it remains the dominant view that macroeconomic models must go beyond supply and demand functions to the level of individual decision-making, taking into account the general dynamic environment where agents live. Microfoundations Reconsidered seeks to reassess how the relationship of micro and macroeconomics evolved over time. The highly regarded contributors to the book argue that the standard narrative of microfoundations is likely to be unreliable. They therefore re-examine the history of the relationship of microeconomics and macroeconomics, starting from their emergence as self-consciously distinct fields within economics in the early 1930s. They seek to go beyond the conventional history that is often told and written by practicing economists. From different perspectives they challenge the association of microfoundations with Robert Lucas and rational expectations and offer both a more complete and a deeper reading of the relationship between micro and macroeconomics. Microfoundations Reconsidered is a valuable addition to the macroeconomic research literature. It is ideally suited to students, scholars, researchers, and practitioners with an interest in macro and microeconomics and the history of economics. Contributors: M. De Vroey, P. Garcia Duarte, D.W. Hands, K.D. Hoover, R. Leonard, G.T. Lima, P.E. Mirowski

The essays in this edited collection, first published in 1986, focus on important debates surrounding the central Marxian problem of the transformation of values into prices. The collection brings together major contributions on the value theory debate from the decade prior to the book's publication, and assesses the debate's significance for wider issues. Value theory emerges as much more than a technical relation between labour time and prices, and the structure of the capitalist economy is scrutinised. This is a relevant and comprehensive work, valuable to students, academics and professionals with an interest in political and Marxist economy.

Based on extensive archival research, Beyond Market and Hierarchy reconstructs how Fan waged modern China's war of salts. Led by his Jiuda Salt Industries, the nascent refined salt industry battled revenue farmers who, as a group, monopolized the production and distribution of evaporated salt.

How is it that the modest pace of change which typified the French economy a century ago gave way after 1945 to a new, revived capitalism and a superior economic performance? Mairi Maclean argues that the new French capitalism of the 21st century is the product of an ideological struggle in which the forces of modernization triumphed over the old guard of French nationalism.

During the past decade, the role of Germany's economic elites under Hitler has once again moved into the limelight of historical research and public debate. This volume brings together a group of internationally renowned scholars who have been at the forefront of recent research. Their articles provide an up-to-date synthesis, which is as comprehensive as it is insightful, of current knowledge in this field. The result is a volume that offers students and interested readers a brief but focused introduction to the role of German businesses and industries in the crimes of Hitler's Third Reich. Not only does this book treat the subject in an accessible manner; it also emerges as particularly relevant in light of current controversies over the nature of business-state relations, corporate social responsibility, and globalization.

David Ricardo on Public Debt provides a comprehensive view of public debt from the Ricardian standpoint. It shows how and why Ricardo's analysis of public debt connects to other themes and issues in Ricardian economics. Nancy Churchman demonstrates that his writings and speeches on the subject of public debt provide an interesting exploration of issues still very relevant today. In addition, they furnish us with a rich source of evidence regarding topics of interest to all Ricardian scholars, including his theories of resource allocation and economic growth, the quality of his applications of analysis to practical questions, and the motives behind both his abstract reasoning and policy recommendations.

The book deals with the characters and evolution of the European economy from the high Middle Ages until the start of modern growth in the 19th century. Europe is always set in a global context and the European specific features are analysed on the background of the world economy. The main aim of the book is to present a clear picture of the structure and organisation of the European pre-modern economy, specifying its features, institutions, constraints and differences with other traditional coeval economies. The path followed starts from the demographic characters, the techniques, the sectors (agriculture, trade, industry), the output, and continues with the demand side (consumption, investment, public expense). The last chapter recalls the main features of the pre-modern economy in a more formal way. The book is the only available work dealing with the formation of the European economy and its features over the long term, that is from the 10th until the 19th century.

This book is a study of William de la Pole, the first English royal banker. E. B. Fryde discusses Pole's role as a merchant and financier, his political influence and the social preeminence he gained for himself and his family. The book addresses the growing significance of England's merchant class in financial and governmental affairs and examines the origins of one of the country's great families of the late medieval period.

Volume 33 contains articles on the economic history of Europe, America and Asia and brings new analysis, and newly created datasets to address issues of interest. Two papers focus on the US and contribute to our understanding of the Great Depression. In "Reexamining the Origins of the Smoot-Hawley Tariff Act", Beaudreau argues industrialists used the plight of farmers to raise tariffs on manufactured goods. And Jalil and Rua show in "Inflation Expectations in the U.S. in Fall 1933" that shifts in inflationary expectations could be responsible for the patterns in output witnessed in 1933: an expansion in the early part of the year which stalled by the Fall. Two papers present new data. "First Cabin Fares from New York to the British Isles, 1826-1914" by Dupont, Keeling and Weiss extends their work on understanding early tourism by creating a new series to examine the time path of first class travel over the 19th century. "Reforms and Supervisory Organizations: Lessons from the History of the Istanbul Bourse, 1873-1883" by Hanedar, Hanedar, Torun and Celikay data newly collected from the Istanbul Bourse to better understand how investors respond to different types of reforms. And finally, Field in "The Savings and Loan Insolvencies and the Costs of Financial Crisis" gives a reinterpretation of the Savings and Loan Crises of the late 1980s and early 1990s in light of the subsequent, much more severe crisis of 2007/08.

The Routledge Handbook of Modern Economic History aims to introduce readers to important approaches and findings of economic historians who study the modern world. Its short chapters reflect the most up-to-date research and are written by well-known economic historians who are authorities on their subjects.

Modern economic history blends two approaches Cliometrics (which focuses on measuring economic variables and explicitly testing theories about the historical performance and development of the economy) and the New Institutional Economics (which focuses on how social, cultural, legal and organizational norms and rules shape economic outcomes and their evolution). Part 1 of the Handbook introduces these approaches and other important methodological issues for economic history.

The most fundamental shift in the economic history of the world began about two and a half centuries ago when eons of slow economic change and faltering economic growth gave way to sustained, rapid economic expansion. Part 2 examines this theme and the primary forces economic historians have linked to economic growth, stagnation and fluctuations including technological change, entrepreneurship, competition, the biological environment, war, financial panics and business cycles.

Part 3 examines the evolution of broad sectors that typify a modern economy including agriculture, banking, transportation, health care, housing, and entertainment. It begins by examining an equally important "sector" of the economy which scholars have increasingly analyzed using economic tools religion. Part 4 focuses on the work force and human outcomes including inequality, labor markets, unions, education, immigration, slavery, urbanization, and the evolving economic roles of women and African-Americans.

The text will be of great value to those taking economic history courses as well as a reference book useful to professional practitioners, policy makers and the public.

The Age of Revolutions has been celebrated for the momentous transition from absolute monarchies to representative governments and the creation of nation-states in the Atlantic world. Much less recognized than the spread of democratic ideals was the period's growing traffic of goods, capital, and people across imperial borders and reforming states' attempts to control this mobility. Analyzing the American, French, and Haitian revolutions in an interconnected narrative, Manuel Covo centers imperial trade as a driving force, arguing that commercial factors preceded and conditioned political change across the revolutionary Atlantic. At the heart of these transformations was the "entrepot," the island known as the "Pearl of the Caribbean," whose economy grew dramatically as a direct consequence of the American Revolution and the French-American alliance. Saint-Domingue was the single most profitable colony in the Americas in the second half of the eighteenth century, with its staggering production of sugar and coffee and the unpaid labor of enslaved people. The colony was so focused on its lucrative exports that it needed to import food and timber from North America, which generated enormous debate in France about the nature of its sovereignty over Saint-Domingue. At the same time, the newly independent United States had to come to terms with contradictory interests between the imperial ambitions of European powers, its connections with the Caribbean, and its own domestic debates over the future of slavery. This work sheds light on the three-way struggle among France, the United States, and Haiti to assert, define, and maintain "commercial" sovereignty. Drawing on a wealth of archives in France, the United States, and the United Kingdom, Entrepot of Revolutions offers an innovative perspective on the primacy of economic factors in this era, as politicians and theorists, planters and merchants, ship captains, smugglers, and the formerly enslaved all attempted to transform capitalism in the Atlantic world.

Discussing a rarely researched aspect of the Cold War, this volume uses new material to examine how the United States trade embargo on the Soviet Union and communist China severed relationships with Europe, particularly focusing on Great Britain. In the late 1940s, the US government stopped nearly all exports to the entire Sino-Soviet bloc in the belief that it would hinder the expansion of Soviet and Chinese military potential. To continue receiving the US Marshall Aid, European countries had to impose similar bans, but were reluctant because their trade links with the USSR and its satellite countries had existed for centuries. The US thereafter negotiated with Europe about what to include or exclude from the list of authorised goods, severely straining diplomatic relations. Economic Statecraft during the Cold War details these negotiations, casting new light on the ambivalent US-UK relationship and providing insights into the changing emphasis between the Republican and Democrat administrations on the key question of trade embargo, by explaining how the firm consistency in the application of the US policy over the succeeding decades of the Cold War was maintained. This book will be of much interest to all students and scholars of Cold War history, intelligence studies and international history in general.

Exploring a range of poverty experiences - socioeconomic, moral and spiritual - this collection presents new research by a distinguished group of scholars working in the medieval and early modern periods. Collectively they explore both the assumptions and strategies of those in authority dealing with poverty and the ways in which the poor themselves tried to contribute to, exploit, avoid or challenge the systems for dealing with their situation. The studies demonstrate that poverty was by no means a simple phenomenon. It varied according to gender, age and geographical location; and the way it was depicted in speech, writing and visual images could as much affect how the poor experienced their poverty as how others saw and judged them. Using new sources - and adopting new approaches to known sources - the authors share insights into the management and the self-management of the poor, and search out aspects of the experience of poverty worthy of note, from which can be traced lasting influences on the continuing understanding and experience of poverty in pre-modern Europe.

When discussing wages, historians have traditionally concentrated on the level of wages, much less on how people were paid for their work. Important aspects were thus ignored such as how frequently were wages actually paid, how much of the wage was paid in non-monetary form - whether as traditional perquisites or community relief - especially when there was often insufficient coinage available to pay wages. Covering a wide geographical area, ranging from Spain to Finland, and time span, ranging from the sixteenth century to the 1930s, this volume offers fresh perspectives on key areas in social and economic history such as the relationship between customs, moral economy, wages and the market, changing pay and wage forms and the relationship between age, gender and wages.

The recent dramatic decline in the economic fortunes of the Republic of Ireland have been all the more painful, because it followed the most rapid period of economic development ever witnessed in Irish economic history, when growth rates since the early-1990s surpassed those in the rest of Western Europe. With an unusual openness to international trade and capital flows and a relatively benign corporate tax regime and closer links to the American economy (in terms of investment and trade) than other parts of Western Europe, this growth was something of an aberration in a wider European context and requires explanation. This book provides a synthesis of recent research on Irish economic development, tracing the evolution of the economy since independence with particular reference to how the state sought to shape, regulate and deregulate economic activity to deal with the challenges posed by the wider international environment. In many ways, this book is a follow up to Bielenberg's Ireland and the Industrial Revolution, published by Routledge in 2009. Bielenberg and Ryan chart Ireland's economic progress, examining the unsuccessful attempts to promote economic growth from 1932 through import-substitution and protectionism, the policy frameworks developed in the 1950s and 1960s which sought to create a more open economy, Ireland's entry into the EEC in 1973 and the improvement of the country's economic performance, as well as Ireland's economic relationships with Europe, the USA and the UK.

First published in 1904, this important economic work explores some of the leading principles underlining the development of international trade. Hobson offered a departure from the conventional treatment of international trade in economic theory, simplifying concepts of free trade, exchange and tariffs and considering the practical application of theory in a manner accessible to the reader.

The wealth of the Central European archives, particularly in urban records, has not been fully realised by Western European historians. However, the records are not always straightforward to use and many studies tackle the methodological problems inherent in gathering and analysing medieval sources. This book presents an original review of past and present research of national historiographies on medieval financial history from Central Europe. Covering material ranging from the thirteenth to the sixteenth centuries, it explores the eastern regions of the Holy Roman Empire, including Bohemia, Silesia, Austria and Germany, and extending to Poland and Hungary. The authors firstly discuss the monetary policy of the Holy Roman emperors during the Middle Ages, before moving on to wider aspects of state finance, including credit mechanisms used by rulers. The book then investigates civic records and what they reveal about urban life and trade. It lastly investigates the financial activities of the church, from papacy to the cathedral chapters in Prague. Using numismatic and documentary evidence, Money and Finance in Central Europe during the Later Middle Ages provides an invaluable point of comparison with the financial conditions in Western Europe during the Middle Ages.

Written on the occasion of the 50th anniversary of the publication of Piero Sraffa's "Production of Commodities by Means of Commodities," the papers selected and contained in "Sraffa and the Reconstruction of Economic Theory" account for the work completed around the two central aspects of his contribution to economic analysis, namely the criticism of the neoclassical (or marginalist) theory of value and distribution, and the reconstruction of economic theory along the lines of the Classical approach. Divided into three volumes, "Sraffa and the Reconstruction of Economic Theory" debates the most fruitful routes for advancement in this field and their implications for applied and policy analysis.
This first volumes focuses on the critique of general equilibrium theory and the determinants of income distribution, together with the related issue of the method of analysis which characterises the Classical theory and the marginalist approach.

This is a book about the discovery of macroeconomic ideas and concepts long before the term macroeconomics had been coined. The cast of authors varies from doctors and physicians (Sir William Petty and Francois Quesnay), to philosophers (David Hume and Adam Smith), to bankers (Richard Cantillon and Henry Thornton) to Prime Ministers of France (John Law and Anne Robert Jacques Turgot). These authors had very rich and varied careers and the book invites readers to imagine specific moments in their careers that influenced both their lives and their writings. Building on these events the contributions of each author are outlined and discussed. Examination of their writings show that by the start of the nineteenth century they had left a rich legacy of macroeconomics ranging from the analysis and measurement of national income, the depiction of the circular flow of income, the debate on the role of money in the economy, the way to model the economy, the importance of labour, land and capital, the role of entrepreneurship, the Central Bank as a lender of last resort, and much more.

Volume 26 of "Research in Economic History" includes six papers, evenly divided between European and North American topics. On the European side, Stefano Fenoaltea and Carlo Ciccarelli provide new regional estimates of social overhead investment in Italy. Markus Lampe reports data on bilateral trade flows in Europe between 1857 and 1875. And Bernard Harris surveys the literature on gender, wealth, and health in England and Wales since industrialization. Turning west, Mark Kanazawa studies conflicts between ranchers and miners over who should bear the burden of taxation in nineteenth century California. Jason Taylor and Peter Klein examine Depression era cartel behavior under the National Industrial Recovery Act. Finally, James Butkiewicz mines archival material to provide a new perspective on and some rehabilitation of Eugene Meyer's role as Governor of the Federal Reserve Board between 1930 and 1933.

A study of the American economy from 1929 to 1989 through the analysis of national income statisitics and other data, this book reaches important conclusions regarding the causes of unemployment, the relation of inflation to the stock of liquid assets and the budget deficit, the proportion of the population in poverty, the gap between interest and profit rates, the relation of productivity to income. These conclusions are discussed using graphs and diagrams extensively. By the editor of The Economics of Human Betterment.

Known as the "economist's economist" for his work on creating a synthetic economic theory, Swedish economist Knut Wicksell was a controversial, but highly influential figure in modern economic thought. His contributions to marginal productivity theory, income distribution and, most notably, his theory of interest would come to have a profound impact upon twentieth century economic theory, not least in the work of John Maynard Keynes. First published in English in 1934 and 1935, this Routledge Revival set is a reissue of his two volume work on political economy, first published in Sweden in 1901 and 1906. This work is aimed at both the professional economist and the advanced student alike, as well as all those interested in the theoretical development of political economy. Volume I concerns itself predominiantly with issues of theory: specifically the theory of value, the theory of production and distribution and the theory of capital accumulation. Volume II deals with theories relating to money, currency and credit. For institutional purchases for e-book sets please contact [email protected] (customers in the UK, Europe and Rest of World)

Over five decades of economic and technical assistance to the countries of Africa and the Middle East have failed to improve the life prospects for over 1.4 billion people who remain vulnerable. Billions of dollars have been spent on such assistance and yet little progress has been made. Persistent hunger and hopelessness threaten more than individuals and families. These conditions foster political alienation that can easily metastasize into hostility and aggression. Recent uprisings in the Middle East are emblematic of this problem. Vulnerable people give rise to vulnerable states. This book challenges the dominant catechism of development assistance by arguing that the focus on economic growth (and fighting poverty) has failed to bring about the promised "convergence." Poor people and poor countries have clearly not closed the gap on the rich industrialized world. Pursuing convergence has been a failure. Here we argue that development assistance must be reconstituted to focus on creating economic coherence. People are vulnerable because the economies in which they are embedded do not cohere. The absence of economic coherence means that economic processes do not work as they must if individual initiative is to result in improved livelihoods. Weak and vulnerable states must be strengthened so that they can become partners in the process of creating economic coherence. When economies do not cohere, countries become breeding grounds for localized civil conflicts that often spill across national borders.