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.

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 - 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.

In the story of the The Golden Republic, Bulpin sets a stage on which we meet some of the strangest characters that fate had ever attached to the puppet strings of destiny. The grim Mzilikazi; the hot-headed Hendrik Potgieter and his trekkers; prospectors like Charlie the Reefer; gaudy rogues like Gunn of Gunn and his Highlanders; bandits, highwaymen, rand lords, gold rushers, to name just a few. He tells of leaders like Pretorius and Kruger, and many others who each played a part in establishing the Republic of the Transvaal – a seemingly impossible task considering all the small wars and skirmishes on the veld and the rumble of arguments rising out of each farmhouse. In his remarkably engaging style of writing he sketches scenes of rough but beautiful land, which must have been fascinating to explorers who roamed about the old Transvaal with all its scenic novelties where every turn yielded some marvel for the geologist, the botanist, or the zoologist. The Golden Republic tells of the adventure that raised the Republic to its peak and the complex intrigues that brought it down to the dust; of misfortune and riches, and despair of such magnitude that the birth of a Republic seemed inevitable considering the economic disaster it at times experienced … Until gold poked out its shiny head and gave hope again. The characters who crowded into diggers’ towns were some of the wildest and most colourful ever known in the Transvaal. From all over South Africa they flocked to the scene, in the hope of finding fortune. Most of them were just opportunists, who knew nothing about gold except how to spend it. This is a brilliant book of the birth, life and death of the old Republic written in the tell-tale style Bulpin does so well.

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.

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1937 edition. Excerpt: ... P. Lehugeur, Histoire de Philippe le Long, p. 368 (Paris. alive deter counterfeiters from the temptation of exploiting, a state of affairs so favourable to them. From the end of the twelfth century the disorder of th& currency had reached such a point that a reform became absolutely necessary. It is significant that the initiative came from the greatest commercial centre of the age, Venice. In 1192 the doge, Henry Dandolo, caused an entirely new land of coin to be struck there, the groat, or gros or matapan, weighing a little over 2 grammes of silver and of the value of 12 of the old deniers. This groat was thus equivalent to the Carolingian sou, with the difference that the sou, originally a money of account, now became a real coin. Charlemagne's system was not abandoned and the innovation maintained his scale of coinage. All it did was to take advantage of the continual fall of the denier, to substitute for it a new denier, of twelve times the value (whence its name of grossus), which in fact corresponded exactly to the old sou, which from a mere figure now became an integral part of the currency. In other words, the new system remained faithful to the old, except that it gave it a metallic value which was twelve times higher. The old denier was not suppressed; the groat took its place beside it as the money of commerce, reducing the denier in practice to the rank of small change. The Venetian groat answered the needs of the merchants so well that it was immediately imitated in all the towns of Lombardy and Tuscany. But north of the Alps, too, attempts were made to remedy the debasement of the coinage, which was by now intolerable. In Germany, where it seems to have been worst of all, the Heller (so called from the town of Halle in Swabia...

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.

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.

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.

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.

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.

In this book F. M. L. Thompson, with his typical blend of elegance and erudition, makes an incisive contribution to the longstanding debate over gentrification and entrepreneurialism in Britain. Professor Thompson provides an expert analysis of the links between economic performance and the penetration of industrial wealth into landed society.

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.

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.

Britain's underground economy flourished during the 1940s and early 1950s thanks to rationing and price control, producers, traders, and professional criminals helped consumers to get a little extra on the side, from under the counter, or off the back of a lorry. Yet widespread evasion of regulations designed to ensure fair shares for all did not undermine the austerity policies that characterised these years and its vital role in securing compliance with economic regulation. In Black Market Britain, Mark Roodhouse argues that Britons showed self-restraint in their illegal dealings. The means, motives, and opportunities for evasion were not lacking. The shortages were real, regulations were not watertight, and enforcement was haphazard. Fairness, not patriotism and respect for the law, is the key to understanding this self-restraint. By invoking popular notions of a fair price, a fair profit, and a fair share, government rhetoric limited black marketeering as would-be evaders had to justify their offences both to themselves and others. Black Market Britain underlines the importance of fairness to those seeking a richer understanding of economic life in modern Britain.