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Books > History > History of specific subjects > Economic history
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New Perspectives on the Late Victorian Economy - Essays in Quantitative Economic History, 1860-1914 (Hardcover, New)
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New Perspectives on the Late Victorian Economy - Essays in Quantitative Economic History, 1860-1914 (Hardcover, New)
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Through channels both open and concealed, the Victorian economy
continues to influence us powerfully. Much economic thinking today
gains support from perceptions of how the nineteenth-century
British economy worked and how well it satisfied wants.
Contemporary oligopolistic industrial structure is contrasted with
Victorian self-regulating competition; the gross inequalities of
Victorian laissez-faire are compared with support for the needy
provided by the modern welfare state; and some regard Victorian
values as vital principles of social organisation which should be
regained. By examining the behaviour of the British economy between
1865 and 1914, the present work casts light upon some of these
views. It does so in a variety of ways. New methods or evidence are
deployed to establish accepted conclusions more firmly;
unwarrantedly neglected aspects of the economy are analysed with
present day concerns in mind; and traditional conclusions are
reassessed. The book focuses upon three central themes: industrial
organisation and technology, wages and living standards, and the
monetary system. These are at the heart of discussions of
productivity growth, the standard of living, well-being and
poverty; the criteria by which the Victorian economic system should
ultimately be judged.
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