This book uses an institutional-evolutionary approach to analyse economic problems associated with developments in capitalism during the second half of the twentieth century. It argues that economics should centre on institutions - the durable fabric of the economy over time.Drawing on the foundations of Marxist and institutional political economy, the book traces the lineages of institutional themes, as well as considering feminist, post-Keynesian, holistic economics and Schumpeterian perspectives. The nature of institutions in the growth and instability of capitalism is then explored with reference to social structures of accumulation. Particular reference is given to the world economy, the family, the Keynesian welfare state and neo-liberalism, Fordism, the flexible mode of accumulation, and financial regulation and deregulation. The author concludes, using institutional-evolutionary themes of political economy, that the evolution of modern capitalism is likely to be unstable as we move into the next century.

First published in 1964, Was Stalin Really Necessary? is a thought-provoking work which deals with many aspects of the Soviet political economy, planning problems and statistics. Professor Nove starts with an attempt to evaluate the rationality of Stalinism and discusses the possible political consequences of the search for greater economic efficiency, which is followed by a controversial discussion of Kremlinology. The author goes on to analyse the situation of the peasants as reflected in literary journals, then looks at industrial and agricultural problems. There are elaborate statistical surveys of occupational patterns and the purchasing power of wages, followed by an examination of the irrational statistical reflection of irrational economic decisions. Professor Nove 's essay on social welfare was, unlike some of his other work, used in the Soviet press as evidence against over-enthusiastic cold-warriors, among whom the author was not always popular. Finally, the author seeks to generalise about the evolution of world communism.

First published in 1961, The Soviet Economy is a well informed work which seeks to acquaint students with the structure and problems of the economy of the USSR. In a balanced and perceptive analysis, Alexander Nove describes the organisation of economic life and of the planning system, analysing the practical and theoretical problems within the institutional structure of the Soviet system, and introducing the student to Soviet economic ideas and concepts. The subject is then related to the growth of the Soviet economy and to the extent to which both the institutions and the problems reflect the historical peculiarities of the USSR. The author does not try to argue for or against the system or to provide answers but aims to stimulate the reader to enquire further into the more important questions raised by the strengths and weaknesses of the Soviet economy.

From the early 1960s until his death in 1994, Alec Nove was one of the world's leading authorities on Russian and Soviet economic history. This Routledge Revivals collection brings together six of his most essential books on the Soviet Economy, taken from across the full breadth of his eminent career.

Written between 1961 and 1989, this definitive collection covers Soviet economic history from the height of the Cold War through to the cultural renaissance of Glasnost in the late 1980s. From Joseph Stalin through to Mikhail Gorbachev, via an exploration of Soviet political economy, efficiency, Socialism and development, this is a truly wide-ranging reissued collection, which will be a delight to Soviet economists and historians.

First published in 1979, The Transformation of England discusses the creation in late eighteenth century England of the industrial system and thereby the present world. Professor Mathias poses questions about the nature of industrialization, social change and historical explanation, issues that are his principal scholarly concern. This series of essays is divided into two groups. The first group of essays focuses upon general themes such as the 'uniqueness' in Europe of the industrial revolution, capital formation, taxation, the growth of skills, science and technical change, leisure and wages, and diagnoses of poverty. In the second section, Professor Mathias focuses on the social structure in the eighteenth century, considering the industrialization of brewing, coinage, agriculture and the drink industries, advances in public health and the armed forces, British and American public finance in the War of Independence, Dr Johnson and the business world.

F.A. Hayek (1899-1992) was a Nobel Prize winning economist, famous for his defense against classical liberalism. This volume xamines Hayek's relationship with the Chicago School, and looks at The Consitution of Liberty - Hayek's vision of the wealthy. The study highlights the paradox that arises from the spontaneous order of trade unions.

Anders Chydenius (1729 - 1803) was a contemporary of Adam Smith and a leading classical liberal in Nordic history. Chydenius wrote a remarkable essay containing a very clear exposition of the basic principles of economic liberalism and there can be very little doubt that it would have been a paper of great international fame if it had been published in English at the time he wrote it. In the essay Chydenius comes very close to expressing the famous Smithian metaphor of the invisible hand. This volume brings together Chydenius' contributions to the history of economic thought for the first time. With a biography from Juha Manninen and editorial contributions from academics such as Gustav Bjorkstrand and Bo Lindberg, Routledge are proud to present this valuable work which will doubtless be of great interest to historians of economic thought across the globe.

Financial news today is front-page news. Americans are showered daily with stories about the stock market, the savings and loan scandal, banking catastrophes, trade imbalances, government deficits, inflation, international financial crises, unemployment, poverty, urban plight, junk bonds, and taxes. This book provides a handy reference for those who want to locate information about issues and events in American economic history.

The volume includes concise essays on more than 1,200 topics. Numerous entries provide biographies of prominent businessmen and businesswomen, union leaders, intellectuals, politicians, and government officials. Others cover historical events, legislation, economic terms, labor unions, corporations, interest groups, elections, and economic institutions. The work also includes a chronology of major events in U.S. economic history and a selective bibliography. Cross-references and a subject index are also provided. The work will be valuable to reference librarians in schools, colleges, and public libraries and to individuals teaching economics, economic history and American history.

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.

Money, magic and the theatre were powerful forces in early modern England. Money was acquiring an independent, efficacious agency, as the growth of usury allowed financial signs to reproduce without human intervention. Magic was coming to seem Satanic, as the manipulation of magical signs to performative purposes was criminalized in the great 'witch craze.' And the commercial, public theatre was emerging - to great controversy - as the perfect medium to display, analyse and evaluate the newly autonomous power of representation in its financial, magical and aesthetic forms. Money and Magic in Early Modern Drama is especially timely in the current era of financial deregulation and derivatives, which are just as mysterious and occult in their operations as the germinal finance of 16th-century London. Chapters examine the convergence of money and magic in a wide range of early modern drama, from the anonymous Mankind through Christopher Marlowe to Ben Jonson, concentrating on such plays as The Alchemist, The New Inn and The Staple of News. Several focus on Shakespeare, whose analysis of the relations between finance, witchcraft and theatricality is particularly acute in Timon of Athens, The Comedy of Errors, Antony and Cleopatra and The Winter's Tale.

This book provides a contemporary assessment of Marx's theory of money. This theory is often praised as one of Marx's greatest achievements, especially when compared with either classical or neoclassical economics. On the other hand, Marx's theory of money has also been severely criticized, especially that is seems to require that money be a produced commodity. The contributors to the volume provide a wide-ranging and in-depth appraisal of the strengths and weaknesses of Marx's theory of money, compared to other theories of money.

First published in 1991, Stuart Bruchey's study is a historical tribute to the financial innovation of the American Stock Exchange. He chronicles the heyday of Wall Street - from events leading to the Great Depression, through the New Deal and World War II, to the electronic era, the crash of'87, and the new realities and global opportunities of the 1990s. We observe with fascination the transformation of the relocated outdoor Curb market on Broad Street to its cavernous indoor trading facility on Trinity Place, where it's been ever since - the first trading "posts" topped with light fixtures reminiscent of the outdoor lampposts they replaced. Bruchey relives for us the introduction of the first CRT terminals on the trading floor and the gradual, yet inevitable, influence of technology on the trading process. His study of modernization brings us right into the world of equity options, derivatives and other creative products introduced in latter part of the twentieth century - investment vehicles designed to serve an increasingly sophisticated and demanding marketplace of investors.

This book examines the economic and political rise of China from the perspective of Japan's economic development. Beginning with Japan's rise to statehood in the Kamakura Period (1185 to 1333) and detailing the evolution of its economy through to 2018, parallels are drawn with the economic development of China. Many of the challenges Japan faced in the first decades of the 20th century, including nationalism, militarism, income disparities, social deprivation, and economic crisis are applicable to modern day China. China's Economic Rise: Lessons from Japan's Political Economy aims to detail the possible economic and political upheavals that could accompany the slowing of the Chinese economy from the experience of Japan. The book will be of interest to researchers and students in Political Economy, Economic History, Economic Transition, and Development Economics. The book supplements the other publications of the author: China's Lessons for India: Volume 1 - The Political Economy of Development, China's Lessons for India: Volume 2 - The Political Economy of Change and The Rise of Empires: The Political Economy of Innovation.

This description of real-world models and interpretive perspectives on Soviet economic and political theory and practice from 1917 through 1991 encompasses War Communism, New Economic Policy, Stalinism, and the reforms and debates of Krushchev, Brezhnev, and Gorbachev. The work focuses on political economy as contrasted with pure economy, and it is organized on a more or less historical basis. The work demonstrates the forces that led to the disintegration of the Soviet state.

This monograph is the first book-length study of foreign direct investment in Southeast Asia during both the late colonial period and in the contemporary period. It examines the leading Southeast Asian countries receiving foreign investment this century. The arrival of today's Asian investors, from Japan and the four Asian NICs, is described after a brief discussion of the transitionary period of warfare, decolonization and assertion of newly independent states. Special attention is given to the impact of foreign investment on the economic development of the host country.

Barnett presents the first in-depth analysis in English of the pioneer of long cycle analysis, N.D. Kondratiev (1892-1938), who was a key policy adviser to the Soviet government in the early part of the 1920s. Kondratiev developed a market-led industrialization strategy for the USSR, in direct opposition to Stalin's centrally-planned industrialization programme, and was the director of the Conjuncture Institute, a centre for the study of business cycles and forecasting between 1920 and 1928. It was within the Conjuncture Institute that Kondratiev developed his analysis of long cycles. Barnett covers all aspects of Kondratiev's work.

Thousands of German construction companies worked under the Organisation Todt during the Second World War. This study enquires into the relation between the NS state and the construction industry and analyses the businesses' strategies and entrepreneurial room for manoeuvre. Focusing on German construction projects within the Reich and in occupied Norway, the study demonstrates how state's attempts at regulating the sector reached their limits.

This second and final book in the exploration of the pioneers of financial economics examines the development of the discipline during the twentieth century. Specially commissioned essays discuss scholars from the early part of the century to the Nobel Prize winners of the last decade including: Irving Fisher, Frederick Macaulay, Harry Markowitz and Fischer Black. Discussions of less familiar, though no less important, historical figures are also included. The essays situate the emergence of modern financial economics - commonly referred to as modern finance - within the broader context of the intellectual development of economic science. The book begins by exploring contributions from the early part of the century. Succeeding chapters present the views of modern finance insiders and consider alternative perspectives, with sociological interpretations of the rise of modern financial economics. An outstanding volume of original analysis, Pioneers of Financial Economics: Volume 2 is an essential reference source of seminal contributions on the history of financial economics. Students and scholars of finance, economics, sociology and intellectual history will find this comprehensive volume an invaluable addition to their library. The relatively non-technical nature of the book makes it accessible to professionals in the fields of finance and economics.

The Communist Party dictatorships in Hungary and East Germany sought to win over the "masses" with promises of providing for ever-increasing levels of consumption. This policy-successful at the outset-in the long-term proved to be detrimental for the regimes because it shifted working class political consciousness to the right while it effectively excluded leftist alternatives from the public sphere. This book argues that this policy can provide the key to understanding of the collapse of the regimes. It examines the case studies of two large factories, Carl Zeiss Jena (East Germany) and Raba in Gyor (Hungary), and demonstrates how the study of the formation of the relationship between the workers' state and the industrial working class can offer illuminating insights into the important issue of the legitimacy (and its eventual loss) of Communist regimes.

"China and Global Capitalism" is a historical and conceptual analysis of China's position and positioning in the world. Reviewing relevant debates, Lin Chun clarifies the evolving relationship between China and global capitalism, past, present, and possible future, and offers a critical reflection on received knowledge about China and the resulting expectations and recommendations for its development, which are largely dependent on the standardization of capitalist trajectories. Against the historical and international background of China's revolutionary, socialist, and post-socialist transformations, this book assesses the logic and crises of capitalist integration. It asks whether a renewed Chinese social model is still feasible as an alternative with potentially universal implications to the eco-socioeconomic impasse of standard modernization. Rejecting both economically and culturally deterministic approaches, the book argues for the centrality of transformative politics.

Poverty still persists in today's low-income countries despite decades of international aid, and extensive research on the determinants of growth and development. The book argues that meeting this challenge requires a holistic understanding of the context-specific factors that influence economic behavior and structures in poor countries. "Contextual Development Economics" approaches this task by offering a methodology that allows analysing the dynamic interrelations between economic, cultural and historical determinants of economic life in low-income countries. The book starts with an empirical inquiry into the economic characteristics of low-income countries that create the context by which the specific forms of organising economic activity in these countries are determined. It then looks at how different generations of development economists sought to explain economic realities in low-income countries from the 1940s through today. The book finally synthesises the results from this empirical and methodological analysis with insights from an inquiry into contributions of the German Historical School, from which it borrows the concept of the economic style as a methodological alternative to the universal and hence often irrelevant models of mainstream development economics. This book offers a promising perspective for the future of development economics that will be of interest to researchers and development practitioners alike. It will also be relevant for academics and students with an interest in applications of the method and concepts of the Historical School to contemporary problems.

This book provides the most comprehensive history of German migration to North America for the period 1709 to 1920 than has been done before. Employing state-of-the-art methodological and statistical techniques, the book has two objectives. First he explores how the recruitment and shipping markets for immigrants were set up, determining what the voyage was like in terms of the health outcomes for the passengers, and identifying the characteristics of the immigrants in terms of family, age, and occupational compositions and educational attainments. Secondly he details how immigrant servitude worked, by identifying how important it was to passenger financing, how shippers profited from carrying immigrant servants, how the labor auction treated immigrant servants, and when and why this method of financing passage to America came to an end.

This book is a comparative study of organized crime groups from five different parts of the world: Europe; North America; Central America/South America/Caribbean basin; Africa; and Asia/Western Pacific. Each part contains two case studies and a shorter essay, a vignette. From Europe the case studies focus on the Italian mafias and the Russian mafia; the vignette, on the Albanian mafia. From North America the case studies highlight the US Mafia and the Mexican drug cartels; the vignette, organized crime in Canada. From Central America/South America/Caribbean basin the case studies concentrate on the Colombian drug cartels and gangs of the Caribbean; the vignette, on organized crime in Cuba. From Africa the case studies examine resource wars and Somali piracy; the vignette, relations among international drugs trafficking, organized crime, and terrorism in North and West Africa. And from Asia/Western Pacific the case studies spotlight the Chinese Triads and Japanese Yakuza; the vignette, relations among international drugs trafficking, organized crime, and terrorism in
Afghanistan.

Written in non-specialist language, An Economic History of Organized Crime provides an original overview of a crucial problem of our times: the growing scourge of global organized crime. This book can be read with profit by the general public, but it also has value for academic specialists and professionals in law enforcement.

The principal themes pursued in this book emerge from the great transformation that the Latin American and the Caribbean economies experienced in the aftermath of both the foreign debt crisis of 1982 and the macroeconomic stabilisation policies that vividly and painfully produced the so-called "lost decade" of the 1980s. Latin America implemented an economic liberalisation process during the late 1980s and the 1990s. The main policy reforms involved in that course can be summarized as privatization of state owned firms, trade openness, deregulation of the foreign direct investment (FDI) regime and fiscal discipline. Latin American countries have also embarked in regional trade agreements, the most important ones being Mercosur and the North American Free trade Agreement (NAFTA). This book compares results from the experience of North-South and South-South moulds of integration. Thus, the impacts of these policies on growth, development, technological progress, poverty and inequality are analysed. Orthodox and heterodox economic policies and theories are discussed along with relevant empirical evidence with a view to assess, on the one hand, the relative merits of the various policy reforms applied by different countries in the region, and on the other, the experience of integration into the global economy. There are thirteen chapters in this collection linked in varying ways to the series of economic reforms introduced in the region in the last decades. The book will be of interest to academics, researchers, students and policymakers interested in the study of economic development in emerging economies and in particular in Latin America.

Read the voices of the past to connect with the present. Kishlansky presents a well-balanced selection of readings that integrate coverage of social, economic, religious and cultural history within a traditional, political framework. Sources of the West includes documents on political theory, philosophy, imaginative literature and social history as well as constitutional documents, all of which raise significant issues for classroom discussions or lectures. By reading the voices of the past, readers can connect them to the present and learn to understand and respect other cultures while thinking critically about history. Note: MySearchLab does not come automatically packaged with this text. To purchase MySearchLab at no extra charge, please visit www.MySearchLab.com or use ISBN: 9780205098569.