More than 25 experts from around the world have contributed to this unique and provocative book. In a series of illuminating short essays, each author has presented a striking image as an invitation to consider the ghosts of colonialism and imperialism in today's global economy. In defiance of those who claim that today's capitalist system is free of racism and exploitation, this book shows that the past is not behind us, it defines our world and our lives. This book takes the reader on a global tour, from Malaysia to Canada, from Angola to Mexico, from Libya to China, from the City of London to the Australian outback, from the deep sea to the atmosphere. Along the way we meet the financiers, artists, advertisers, activists and everyday people who are grappling with the entangled legacies of empire. -- .

Are institutions the main cause of sustained economic growth? Institutions and Small Settler Economies provides a comprehensive improvement in our understanding of institutional contributions to economic growth based on North, Wallis and Weingast's (NWW) institutional theory. In this exciting new volume, Schlueter offers a substantial range of novel insights into the socio-economic development trajectories of two deliberately selected New World economies: New Zealand and Uruguay. This study sets itself apart from other publications through its impartial analysis of the strengths and limitations of leading institutional scholarship, as well as its rigorous comparative methodology involving a substantial set of quantitative and qualitative data.

This study seeks to demonstrate the subtle ways in which changes in the language associated with economic issues are reflective of a gradual but quantifiable conservative ideological shift. In this rigorous analysis, David George uses as his data a century of word usage within The New York Times, starting in 1900. It is not always obvious how the changes identified necessarily reflect a stronger prejudice toward laissez-faire free market capitalism, and so much of the book seeks to demonstrate the subtle ways in which the changing language indeed carries with it a political message. This analysis is made through exploration of five major areas of focus: "economics rhetoric" scholarship and the growing "behavioral economics" school of thought; the discourse of government and taxation; the changing meaning of "competition," and "competitive"; changing attitudes toward labor; and the celebration of growth relative to the decline in attention to economic justice and social equality.

Building on the pioneering work by the Nobel Memorial Laureate, John Nash, Professor Thomson has brought together a broad selection of seminal articles which analyse and discuss bargaining and the theory of cooperative games. Beginning with a distinguished collection of papers discussing the origins of game theory, this volume systematically explores its development as a tool to illuminate economic behaviour. It includes the work of highly accomplished academics whose discoveries over the years have shaped the direction of this subject. With his insightful introduction, the editor has ensured that this indispensable book is suitable for anyone with an interest in cooperative gaming.

This book provides a historical narrative to tell the story of interwar German reparations the debates, controversies and diplomacy surrounding the issue from the 1919 Paris peace conference to the abandonment of reparations at the Lausanne Conference in 1932.

The reversion of Hong Kong to China on 1 July 1997 is an event of major historical significance. This volume examines this dramatic event from a long-term perspective against the background of earlier turning points in Hong Kong's political, economic and social history. It also explores Hong Kong's links with China and Britain in this troubled last decade of colonial rule, and offers a basis for assessing the territory's possible future as a part of the Chinese state.

This volume includes seven papers in quantitative economic history. Four were accepted through our regular channels. These include Harald Edquist and Magnus Henrekson on "Technological Breakthroughs and Productivity Growth," Scott Redenius on "New National Bank Loan Rate Estimates, 1887-1975," Ebru Guven Solakoglu on the "Net Effect of Railroads on Stature in the Post Bellum Economy," and Pedro Lains on "Growth in a Protected Environment, Portugal, 1850-1950." Three papers are from a 2004 conference, Towards a Global History of Prices and Wages. These include Metin Cosgel on "Agricultural Productivity in the Early Ottoman Empire," Johan Soderberg on "Grain Prices in Cairo and Europe in the Middle Ages," and Jun Seong Ho and James Lewis on "Wages, Rents, and Interest Rates in Southern Korea, 1700 to 1900."

The thesis of this book is that there are one set of equations that can define any trip between an origin and destination. The idea originally came from work that I did when applying the hydrodynamic analogy to study congested traffic flows in 1981. However, I was disappointed to find out that much of the mathematical work had already been done decades earlier. When I looked for a new application, I realised that shopping centre demand could be like a longitudinal wave, governed by centre opening and closing times. Further, a solution to the differential equation was the gravity model and this suggested that time was somehow part of distance decay. This was published in 1985 and represented a different approach to spatial interaction modelling. The next step was to translate the abstract theory into something that could be tested empirically. To this end, I am grateful to my Ph. D supervisor, Professor Barry Garner who taught me that it is not sufficient just to have a theoretical model. This book is an outcome of this on-going quest to look at how the evolution of the model performs against real world data. This is a far more difficult process than numerical simulations, but the results have been more valuable to policy formulation, and closer to what I think is spatial science. The testing and application of the model required the compilation of shopping centre surveys and an Internet data set.

Leading experts on Kalecki have contributed special essays on what economists in the 21st century have to learn from the theories of Kalecki. Authors include surviving students of Kalecki, such as Amit Bhaduri, Mario Nuti, Kazimierz Laski Jerzy Osiatynski, and Post-Keynesian economists such as Geoff Harcourt, Marc Lavoie, and Malcolm Sawyer.

Funding infrastructure has always been a challenging issue in any country and at any time, yet the topic is still largely unexplored. The social returns of investment in water, roads, railways, or more recently telegraph or communication satellites are often apparent in the long run, but this distant horizon poses special problems to governments and investors. This volume provides a broad overview of the main financing solutions implemented in Europe to support infrastructures from the fall of the Roman Empire up to the end of the 20th century. It explores the diverse historical paths pursued in order to solve the problem of infrastructure finance in various European countries, and draws upon the findings of an international and interdisciplinary research project. It brings together case studies by economic historians, economists, and engineers, and the clear taxonomy guides the reader through the financing solutions that have been developed to fund infrastructure over almost three thousand years. The volume is organized into four parts; after an introductory chapter by the editors, Part One offers 'horizontal' contributions that cover the history of European infrastructure finance. Parts Two, Three, and Four each focus on a single sector, namely water, transport, and telecommunications. The findings show how history can inform thinking on contemporary infrastructure problems.

China's dramatic economic transformation can only be understood in relation to her modern history. David Pyle reviews the post-1978 reform process in the context of two centuries of Chinese economic, social and political history. Agricultural, industrial and financial reforms and the attraction of foreign trade and direct investment are analysed in detail. The conclusion compares China's gradualist approach with the 'big bang' of Eastern Europe and the former Soviet Union, examining China's prospects and the lessons to be learnt elsewhere. 4

The British Industrial Revolution has long been seen as the spark for modern, global industrialization and sustained economic growth. Indeed the origins of economic history, as a discipline, lie in 19th-century European and North American attempts to understand the foundation of this process. In this book, William J. Ashworth questions some of the orthodoxies concerning the history of the industrial revolution and offers a deep and detailed reassessment of the subject that focuses on the State and its role in the development of key British manufactures. In particular, he explores the role of State regulation and protectionism in nurturing Britain's negligible early manufacturing base. Taking a long view, from the mid 17th century through to the 19th century, the analysis weaves together a vast range of factors to provide one of the fullest analyses of the industrial revolution, and one that places it firmly within a global context, showing that the Industrial Revolution was merely a short moment within a much larger and longer global trajectory. This book is an important intervention in the debates surrounding modern industrial history will be essential reading for anyone interested in global and comparative economic history and the history of globalization.

This book - the second of two volumes- looks at episodes in American economic history from a public choice perspective. Each chapter discusses citizens, special interests, and government officials responding to economic incentives in both markets and politics. In doing so, the book provides fresh insights into important periods of American history, from the First Nationalist Movement of 1783 to the perpetual renewal of the Federal Reserve in 1927. This volume features the work of prominent economic historians such as Hugh Rockoff; well-known public choice scholars such as Joshua Hall and J.R. Clark; and younger scholars such as Marcus Witcher and Zachary Gocenour. This book will be useful for researchers and students interested in economics, history, political science, economic history, public choice, and political economy.

The growth of serious interest during the last fifty years in the scholastic contribution to the development of economic thought has been very marked, and no-where more so than in the history of economic thought in Spain. First published in 1978, this book begins in the Middle Ages and traces the effect on business practice and on thought of the presence of the Christian, Islamic and Jewish communities who lived side by side in the Peninsula. It shows how the economics of Plato and Aristotle were transmitted by way of Toledo to the Latin West. In the second half of the book the author considers 'Salamancan' ideas and the views of the political economists and 'projectors' who preceded the Enlightenment. At the same time she surveys the present state of the subject and offers bibliographical guidance for the reader.

This book is made up of a collection of papers from the 'Revisiting the livery companies of early modern London' conference held in April 2000 by the CMH, exploring the history of London livery companies from a variety of perspectives. Employing historical and interdisciplinary approaches, it examines print culture and early histories, civic myths, charity, the family, artisans, mercantile elites and the control and regulation of guild and economy. Contributions by Ian W. Archer, Matthew Davies, John Forbes, Ian Anders Gadd, Perry Gauci, Ronald F. Homer, Mark Jenner, Derek Keene, Giorgio Riello, James Robertson, Patrick Wallis and Joseph P. Ward.

This book brings together analysis on the conditions of agricultural sectors in countries and regions of the world's peripheries, from a wide variety of international contributors. The contributors to this volume proffer an understanding of the processes of agricultural transformations and their interaction with the overall economies of Africa, Asia and Latin America. Looking at the nineteenth and twentieth centuries - the onset of modern economic growth - the book studies the relationship between agriculture and other economic sectors, exploring the use of resources (land, labour, capital) and the influence of institutional and technological factors in the long-run performance of agricultural activities. Pinilla and Willebald challenge the notion that agriculture played a negligible role in promoting economic development in the nineteenth and twentieth centuries, when the impulse towards industrialization in the developing world was more impactful.

The Global Financial Crisis has reshuffled the cards for central banks throughout the world. In the wake of the biggest crisis since the Great Depression, this volume traces the evolution of modern central banking over the last fifty years. It takes in the inflationary chaos of the 1970s and the monetarist experiments of the 1980s, eventually leading to the New Monetary Consensus, which took shape in the 1990s and prevailed until 2007. The book then goes on to review the limitations placed on monetary policy in the aftermath of the global meltdown, arguing that the financial crisis has shaken the new monetary consensus. In the aftermath of the worst crisis since the Great Depression, the book investigates the nature of present and future monetary policy. Is the Taylor rule still a satisfactory monetary precept for central bankers? Has the New Monetary Consensus been shaken by the Global Financial Crisis? What are the fundamental issues raised by the latter cataclysmic chain of events? How should central banks conceptualize monetary policy anew in a post-crisis scenario? Existing books have dwelt extensively on the characteristics of the New Monetary Consensus, but few have cast light on its relevance in a post-crisis scenario. This book seeks to fill this gap, drawing on the lessons from five decades of contrasted theoretical approaches ranging from Keynesianism, monetarism, new classical macroeconomics, inflation targeting and more recently, pragmatic global crisis management.

Few would dispute that many Western industrial democracies undertook extensive deregulation in the 1970s and 1980s. Yet this narrative, in its most familiar form, depends upon several historiographical assumptions that bely the complexities and pitfalls of studying the recent past. Across thirteen case studies, the contributors to this volume investigate this "deregulatory moment" from a variety of historical perspectives, including transnational, comparative, pan-European, and national approaches. Collectively, they challenge an interpretive framework that treats individual decades in isolation and ignores broader trends that extend to the end of the Second World War.

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 second volume focuses on the theory of output and growth as developed in the modern classical approach on the basis of the extension to the long run of the Keynesian principle of effective demand, and on the implications of the revival of the classical approach for policy analysis and for understanding the evolution of the international economic order in the last few decades.

English Historical Documents is the most ambitious, impressive and comprehensive collection of documents on English history ever published. An authoritative work of primary evidence, each volume presents material with exemplary scholarly accuracy. Editorial comment is directed towards making sources intelligible rather than drawing conclusions from them. Full account has been taken of modern textual criticism. A general introduction to each volume portrays the character of the period under review and critical bibliographies have been added to assist further investigation. Documents collected include treaties, personal letters, statutes, military dispatches, diaries, declarations, newspaper articles, government and cabinet proceedings, orders, acts, sermons, pamphlets, agricultural instructions, charters, grants, guild regulations and voting records. All volumes contain extra apparatus including genealogical tables, lists of officials, chronologies, diagrams, graphs and maps.

The study of the desire, acquisition, use, and disposal of goods and services, consumption, has grown enormously in recent years, and has been the subject of major historiographical debates: did the eighteenth century bring a consumer revolution? Was there a great divergence between East and West? Did the twentieth century see the triumph of global consumerism? Questions of consumption have become defining topics in all branches of history, from gender and labour history to political history and cultural studies. The Oxford Handbook of the History of Consumption offers a timely overview of how our understanding of consumption in history has changed in the last generation, taking the reader from the ancient period to the twenty-first century. It includes chapters on Asia, Europe, Africa, and North America, brings together new perspectives, highlights cutting-edge areas of research, and offers a guide through the main historiographical developments. Contributions from leading historians examine the spaces of consumption, consumer politics, luxury and waste, nationalism and empire, the body, well-being, youth cultures and fashion. The Handbook also showcases the different ways in which recent historians have approached the subject, from cultural and economic history, to political history and technology studies, including areas where multidisciplinary approaches have been especially fruitful.

First published in 1975, this book traces the origins of our modern economy, showing the routes by which nations have either achieved wealth or have been impoverished. W. W. Rostow brings together issues of public policy, international trade and the world of science and technology, arguing that conventional economic thought has failed to relate scientific innovation to the economic process. Chapters consider the politics of modernization, the Commercial Revolution and the development of the world economy between 1783 and 1820.

This book provides a critical reassessment of the role of the public sector during the Golden Age in both advanced and emerging economies. Contributions focus on a major player in the setting of mixed economies: the top managers of state-owned enterprises. Bringing together world-renowned scholars, this collection analyzes the actions of these managers and their contribution to the rise and fall of the mixed economy during the Golden Age, opening up a comparative perspective of the topic. The book forces readers to reconsider how crucial state-owned enterprises were for economic recovery and for the modernization of the production apparatus of many countries in Western Europe, India, Latin America and South Africa. Key chapters discuss state-owned enterprises in twentieth-century Europe, the managerial revolution in Italy, the role of the state in Argentine industrialization, and the organization of capital in the Indian economy. This insightful collection will appeal to scholars and students with an interest in economic history and the socio-economic impact of state-owned companies around the globe.

Making a Life: Young Men on Johannesburg’s Urban Margins explores the dynamic everyday life-making strategies of young men in Zandspruit, a sprawling informal settlement on the outskirts of Johannesburg. In many ways, Zandspruit typifies the precariousness of life in South Africa, where two-thirds of young people lack waged employment. However, rather than seeing Zandspruit as dumping ground, Hannah J. Dawson calls for an integrated understanding of the complex linkages between people’s lives and livelihoods, and the multifaceted sociopolitical landscape of urban settlements.

Based on 14 months of ethnographic research, Dawson investigates how social belonging, identity and economic realities intertwine in informal settlements like Zandspruit. This approach not only challenges conventional approaches to studying work; it also questions the increasingly prevalent perspective that romanticises the adaptive survival strategies of the urban poor. By exploring the intricate connections between those with and without waged employment, the author shows how young men manage complex social, political and economic conditions.

Making a Life offers insights into issues such as urban work, citizenship, un(der) employment and inequality in South Africa. At the same time, it contributes to a global understanding of how young people – men especially – manage economic uncertainty.