The First World War left a legacy of chaos that is still with us a century later. Why did European leaders resort to war and why did they not end it sooner? Roger L. Ransom sheds new light on this enduring puzzle by employing insights from prospect theory and notions of risk and uncertainty. He reveals how the interplay of confidence, fear, and a propensity to gamble encouraged aggressive behavior by leaders who pursued risky military strategies in hopes of winning the war. The result was a series of military disasters and a war of attrition which gradually exhausted the belligerents without producing any hope of ending the war. Ultimately, he shows that the outcome of the war rested as much on the ability of the Allied powers to muster their superior economic resources to continue the fight as it did on success on the battlefield.

One Kind of Freedom examines the economic institutions that replaced slavery and the conditions under which ex-slaves were allowed to enter the economic life of the United States following the Civil War. The authors contend that although the kind of freedom permitted to black Americans allowed substantial increases in their economic welfare, it effectively curtailed further black advancement and retarded Southern economic development. The new edition of this economic history classic includes a new introduction by the authors, an extensive bibliography of works in Southern history published since the appearance of the first edition, and revised findings based on newly available data and statistical techniques.

One Kind of Freedom examines the economic institutions that replaced slavery and the conditions under which ex-slaves were allowed to enter the economic life of the United States following the Civil War. The authors contend that although the kind of freedom permitted to black Americans allowed substantial increases in their economic welfare, it effectively curtailed further black advancement and retarded Southern economic development. The new edition of this economic history classic includes a new introduction by the authors, an extensive bibliography of works in Southern history published since the appearance of the first edition, and revised findings based on newly available data and statistical techniques.

No series of events had a more dramatic impact on the course of American history than the Civil War and the emancipation of four million slaves. This book examines the economic and political factors that led to the attempt by Southerners to dissolve the Union in 1860 and the equally determined effort of Northerners to preserve it. A central thesis of the book is that slavery not only "caused" the Civil War by producing tensions that could not be resolved by compromise; the slave system also played a crucial role in the outcome of the war by crippling the Southern war effort at the same time that emancipation became a unifying cause for the North. The author looks at a century of sectional conflict over slavery and reveals a great irony of the American Civil War. The South suffered a bitter defeat in a war to protect the institution of slavery, even though it is likely that the Constitution of the United States offered the best protection for a slave system. And, despite the abolition of slavery in the United States, equality for Black Americans remained a distant dream.

The Academic Scribblers offers a thoughtful and highly literate summary of modern economic thought. It presents the story of economics through the lives of twelve major modern economists, beginning with Alfred Marshall and concluding with Paul Samuelson and Milton Friedman. In a very real sense, this book picks up where Robert Heilbroner's classic The Wordly Philosophers leaves off. Whereas Heilbroner begins with Smith and ends with Joseph Schumpeter, Breit and Ransom bring the story of modern American and British economic theory up to the 1980s. The Academic Scribblers is an elegant summary of modern economic policy debate and an enticement into a happy engagement with the "dismal science" of economics." Originally published in 1998. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

"The Academic Scribblers" offers a thoughtful and highly literate summary of modern economic thought. It presents the story of economics through the lives of twelve major modern economists, beginning with Alfred Marshall and concluding with Paul Samuelson and Milton Friedman. In a very real sense, this book picks up where Robert Heilbroner's classic "The Wordly Philosophers" leaves off. Whereas Heilbroner begins with Smith and ends with Joseph Schumpeter, Breit and Ransom bring the story of modern American and British economic theory up to the 1980s. "The Academic Scribblers" is an elegant summary of modern economic policy debate and an enticement into a happy engagement with the "dismal science" of economics."

Originally published in 1998.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

What if Lee had avoided defeat at Gettysburg? What if a military stalemate had developed, coupled with growing antiwar sentiment? What if Lincoln had been defeated in the 1864 election and Great Britain had recognized the Confederacy? What would have been the careers of an independent Confederate States of America and a defeated United States? "No historian has thought through such 'what if' questions as seriously as Roger Ransom," says the Washington Post Book World. A master of historical analysis, Roger L. Ransom follows the consequences of the "what if" scenario over an extended period of time, exploring such issues as the fate of slavery in a CSA, how the economies of the USA and the CSA would have developed, and how their foreign policies would have differed. The result is a fascinating historical vision that is a source of insight into the critical events of the Civil War period as they actually happened.