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Economic Evolution and Revolution in Historical Time (Hardcover)
Loot Price: R2,360
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Economic Evolution and Revolution in Historical Time (Hardcover)
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This book challenges the static, ahistorical models on which
Economics continues to rely. These models presume that markets
operate on a "frictionless" plane where abstract forces play out
independent of their institutional and spatial contexts, and of the
influences of the past. In reality, at any point in time exogenous
factors are themselves outcomes of complex historical processes.
They are shaped by institutional and spatial contexts, which are
"carriers of history," including past economic dynamics and market
outcomes.
To examine the connections between gradual, evolutionary change and
more dramatic, revolutionary shifts the text takes on a wide array
of historically salient economic questions--ranging from how
formative, European encounters reconfigured the political economies
of indigenous populations in Africa, the Americas, and Australia to
how the rise and fall of the New Deal order reconfigured labor
market institutions and outcomes in the twentieth century United
States. These explorations are joined by a common focus on
formative institutions, spatial structures, and market processes.
Through historically informed economic analyses, contributors
recognize the myriad interdependencies among these three frames, as
well as their distinct logics and temporal rhythms.
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