Economic history Books

Book SynopsisStruggling to free itself from a century of economic decline and stagnation, the town of San Miguel de Allende, nestled in the hills of central Mexico, discovered that its “timeless” quality could provide a way forward. While other Mexican towns pursued policies of industrialization, San Miguel—on the economic, political, and cultural margins of revolutionary Mexico—worked to demonstrate that it preserved an authentic quality, earning designation asa “typical Mexican town” by the Guanajuato state legislature in 1939. With the town’shistoric status guaranteed, acoalition of local elites and transnational figures turned to an international solution—tourism—to revive San Miguel’s economy and to reinforce its Mexican identity. Lisa Pinley Covert examines how this once small, quiet town became a UNESCO World Heritage Site and home to one of Mexico’s largest foreign-bornpopulations. By exploring the intersTrade Review"From its striking cover to its engaging prose, Lisa Pinley Covert's San Miguel de Allende: Mexicans, Foreigners, and the Making of a World Heritage Site enriches a growing, and increasingly sophisticated, body of historical scholarship on twentieth-century Mexican tourism development."—Evan Ward, H-LatAm"Covert’s study is invaluable. . . . Its breadth of sources includes several private archives and interviews with dozens of residents. The study enriches the historiographies of Mexican-US relations, Mexican industrialization, cultural imperialism, gender, and inequality. . . . Given these advantages and a longue durée scope, running from 1935 to the near present, San Miguel de Allende is instructive reading for a host of scholars and eminently assignable to undergraduates."—Andrew Paxman, Hispanic American Historical Review"San Miguel de Allende is a valuable contribution to new fields that reveal a shared urban history in Mexico and the United States."—Marcel Sebastian Anduiza Pimentel, Pacific Historical Review“San Miguel de Allende explores Mexican national identity from a bold new perspective. Drawing on a remarkably broad range of sources Covert makes a convincing case that the remaking of San Miguel de Allende’s past anticipates the modern Mexican right’s cultural and economic project for the country’s future.”—Ben Fallaw, author of Religion and State Formation in Postrevolutionary Mexico “A richly detailed work that blends history with cultural politics, San Miguel de Allende is a major contribution to several related fields, most clearly Mexican history, transnational history, and American studies. Its clear, concise, and compelling prose makes it easy to recommend and teach.”—Jason Ruiz, author of Americans in the Treasure House: Travel to Porfirian Mexico and the Cultural Politics of EmpireTable of ContentsList of Illustrations Acknowledgments Introduction 1. Making a Typical Mexican Town 2. Good Neighbors, Good Catholics, and Competing Visions 3. Bringing the Mexican Miracle to San Miguel 4. Containing Threats to Patriarchal Order and the Nation 5. San Miguel’s Two Service Economies Epilogue: From Typical Town to World Heritage Site Notes Bibliography Index

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Book SynopsisStruggling to free itself from a century of economic decline and stagnation, the town of San Miguel de Allende, nestled in the hills of central Mexico, discovered that its “timeless” quality could provide a way forward. While other Mexican towns pursued policies of industrialization, San Miguel—on the economic, political, and cultural margins of revolutionary Mexico—worked to demonstrate that it preserved an authentic quality, earning designation asa “typical Mexican town” by the Guanajuato state legislature in 1939. With the town’shistoric status guaranteed, acoalition of local elites and transnational figures turned to an international solution—tourism—to revive San Miguel’s economy and to reinforce its Mexican identity. Lisa Pinley Covert examines how this once small, quiet town became a UNESCO World Heritage Site and home to one of Mexico’s largest foreign-bornpopulations. By exploring the intersTrade Review"From its striking cover to its engaging prose, Lisa Pinley Covert's San Miguel de Allende: Mexicans, Foreigners, and the Making of a World Heritage Site enriches a growing, and increasingly sophisticated, body of historical scholarship on twentieth-century Mexican tourism development."—Evan Ward, H-LatAm"Covert’s study is invaluable. . . . Its breadth of sources includes several private archives and interviews with dozens of residents. The study enriches the historiographies of Mexican-US relations, Mexican industrialization, cultural imperialism, gender, and inequality. . . . Given these advantages and a longue durée scope, running from 1935 to the near present, San Miguel de Allende is instructive reading for a host of scholars and eminently assignable to undergraduates."—Andrew Paxman, Hispanic American Historical Review"San Miguel de Allende is a valuable contribution to new fields that reveal a shared urban history in Mexico and the United States."—Marcel Sebastian Anduiza Pimentel, Pacific Historical Review“San Miguel de Allende explores Mexican national identity from a bold new perspective. Drawing on a remarkably broad range of sources Covert makes a convincing case that the remaking of San Miguel de Allende’s past anticipates the modern Mexican right’s cultural and economic project for the country’s future.”—Ben Fallaw, author of Religion and State Formation in Postrevolutionary Mexico “A richly detailed work that blends history with cultural politics, San Miguel de Allende is a major contribution to several related fields, most clearly Mexican history, transnational history, and American studies. Its clear, concise, and compelling prose makes it easy to recommend and teach.”—Jason Ruiz, author of Americans in the Treasure House: Travel to Porfirian Mexico and the Cultural Politics of EmpireTable of ContentsList of Illustrations Acknowledgments Introduction 1. Making a Typical Mexican Town 2. Good Neighbors, Good Catholics, and Competing Visions 3. Bringing the Mexican Miracle to San Miguel 4. Containing Threats to Patriarchal Order and the Nation 5. San Miguel’s Two Service Economies Epilogue: From Typical Town to World Heritage Site Notes Bibliography Index

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Book SynopsisExplores the economic impact of Native Americans who participated in the 1893 World's Columbian Exposition held in Chicago. The book tells the stories of labourers at the fair, uncovering the roles that they played in the changing economic conditions of tribal peoples, and redefining their place in the American socioeconomic landscape.Trade Review“Beck has given us a master class in historical research and interpretation. Drawing on an impressive array of previously unseen sources . . . he has assembled a picture of Indian-white interactions that, while notably unequal, nonetheless display Native American agency and determination in numerous directions. . . . Beck has done signal service in exposing the grounded reality of Indian-white economic relations at the height of the Gilded Age. It is not a pretty picture.”—Curtis M. Hinsley, Journal of the Gilded Age and Progressive Era"This is an important and deeply researched contribution and recommended reading for social and labor historians as well as those in Native history."—Julie Guard, Great Plains Research"This book will be of interest to specialists in the field of Native American studies. There is no other in-depth study of the Native Americans in this significant fair, and some labor historians will welcome the consideration of the commodification of labor in these tribes and its limits. It is a fresh way of thinking about this moment."—Rosemary Feurer, Nebraska History"Beck details the ingenuity and entrepreneurial spirit that Indigenous people brought to Chicago—and took home—in the 1890s."—Katrina Phillips, Western Historical Quarterly"This is a revealing glimpse into such pioneers of American anthropology as Frederic Putnam, Franz Boas, and James Mooney. Undergraduate seminars will be well served with this volume as required reading, and even interested general readers will find it informative."—J.H. O’Donnell, Choice"Unfair Labor? is an important contribution to indigenous labor history, as well as to the history of world’s fairs."—Abigail Markwyn, Journal of American Ethnic History"Unfair Labor is the most thorough analysis we have of Native Americans’ involvement with the 1893 fair."—Robert W. Rydell, Journal of Arizona History"Unfair Labor? is captivating, well researched, and clearly written. It would be an excellent resource for a variety of upper-secondary and college-level history and American studies courses that cover labor, capitalism, material culture, public history, American Indians, or social forces, to name a few. The book would be a welcome addition to both public and academic libraries alike."—Julie Hawks, Journal of American Culture“Beck, a seasoned historian with a reputation for lucid prose, is modeling . . . a scholarly generosity that tacitly acknowledges how historical knowledge is built, distributed, absorbed, and remade. A meaningful addition to Beck’s body of work and the University of Nebraska Press’s noteworthy catalogue of Native American and Indigenous studies titles, Unfair Labor? demystifies, nuances, and legitimizes American Indians’ participation in the 1893 Chicago World’s Fair.”—Meredith Conti, Theatre History Studies"Unfair Labor? is a carefully organized, argued, and focused contribution to Indigenous labor history. Beck takes good advantage of the vast archival resources related to the 1893 World's Columbian Exposition to generate a wide-angle snapshot of Indigenous people's efforts to navigate the ethnographic and performative income opportunities that arose under late nineteenth-century colonialism's sustained assimilationist assault."—Paige Raibmon, Native American and Indigenous StudiesTable of ContentsList of Illustrations Acknowledgments Introduction Part 1. Overview: American Indians and Ethnology at the Fair 1. Fair Representation? 2. Evolution of the American Indian Displays at the Fair Part 2. Before the Fair: Making Money at Home 3. Native People Collecting for the Fair 4. The Department of Ethnology Collecting for the Fair 5. Government Agencies Collecting for the Fair Part 3. During the Fair: Working in Chicago 6. Working the Anthropological and Education Displays 7. Working the Commercial Displays 8. Those Left Out Afterword/Afterward: American Indians and Their New World Appendix Notes Bibliography Index

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Book SynopsisIn the late nineteenth century, as much of the world adopted some variant of the gold standard, China remained the most populous country still using silver. Yet China had no unified national currency; there was not one monetary standard but many. Silver coins circulated alongside chunks of silver and every transaction became an encounter of wits. China and the End of Global Silver, 18731937 focuses on how officials, policy makers, bankers, merchants, academics, and journalists in China and around the world answered a simple question: how should China change its monetary system? Far from a narrow, technical issue, Chinese monetary reform is a dramatic story full of political revolutions, economic depressions, chance, and contingency. As different governments in China attempted to create a unified monetary standard in the late nineteenth and early twentieth century, the United States, England, and Japan tried to shape the direction of Chinese monetary reform for their owTable of ContentsIntroduction: Following the Money 1. A Primer on the Qing Dynasty Monetary System 2. Silver Begins Its Fall: The Global Circulations of the U.S. Trade Dollar, 1873–1887 3. Provincial Silver Coins and the Fragmenting Chinese Monetary System, 1887–1900 4. The Gold-Exchange Standard and Imperial Competition in China, 1901–1905 5. Money and Power on the World's Last "Silver Frontier": The Currency Reform and Development Loan, 1910–1924 6. The Shanghai Mint and Establishing a Silver Standard in China, 1920–1933 7. The Fabi and the End of the Global Silver Era, 1933–1937 Conclusion: Reflections on the End of Global Silver

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Book SynopsisTrade ReviewOsokina's narrative is a deeply researched, engagingly written institutional history of Torgsin, with crucial macro-economic calculations and statistics, as well as insightful details about Soviet life in the 1930s. * HISTORY: Reviews of New Books *A fascinating book to read. All of its richly researched topics, from relations between Torgsin and the state security apparatus to interior design offer intriguing insights into the relationship between plan and market, state and society, practice and ideology. Elena Osokina is an eloquent storyteller and a thoughtful commentator, expertly mediating between individual stories and larger historical—and historiographic—questions. [Reviewing the Russian edition.] * Slavic Review *Elena Osokina's analysis of a key Soviet business affords a fascinating angle on diverse aspects of Soviet life. Soviet historians have traditionally focused on collectivization as the regime's solution to the urgent need for hard currency but Osokina draws attention to Torgsin as a still more important source and emphasizes the extent to which famine was the engine of the company's growth. A richly rewarding book. [Reviewing the Russian edition.] * Kritika *Elena Osokina's book is unique in its genre. It sheds new light on the history of the Soviet economy and the industrialization of the USSR. * Franz Steiner Verlag Journals *Osokina explored several archives and a large literature in order to reconstruct the history of this un-Bolshevik understanding in the workers paradise. Her book is all the more valuable since it provides a glimpse into the social practices, which appeared in the shadow of the Torgsin. * Recensio.net *Table of ContentsIntroduction: An Accidental Finding Part I: Small Bureau to Trade Empire 1. The Birth of Torgsin 2. A Golden Idea 3. The Torgsin Empire 4. The Red Directors of Torgsin: The Political Commissar 5. Why Did Stalin Need Torgsin? Part II: People's Treasures 6. Gold 7. The Red Directors of Torgsin: The Intelligence Agent 8. Silver 9. Diamonds and Platinum 10. Send Dollars to Torgsin! Part III: Everyday Life in Torgsin 11. What's for Sale? 12. The Patrons 13. Prices 14. Soviet Brothels 15. Torgsin and the Political Police 16. The Seller Is Always Right Part IV: Torgsin's Swan Song 17. The Red Directors of Torgsin: The Socialist Revolutionary 18. Twilight 19. The Sorcerer's Stone: The Alchemy of Soviet Industrialization Instead of a Conclusion: The Paradoxes of Torgsin

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Book SynopsisTo the Brink of Destruction exposes how America''s rating agencies helped generate the global financial crisis of 2007 and beyond, surviving and thriving in the aftermath. Despite widespread scrutiny, rating agencies continued to operate on the same business model and wield extraordinary power, exerting extensive influence over public policy. Timothy J. Sinclair brings the shadowy corners of this story to life by examining congressional testimony, showing how the wheels of accountability turnedand ultimately failedduring the crisis. He asks how and why the agencies risked their lucrative franchise by aligning so closely with a process of financial innovation that came undone during the crisis. What he finds is that key institutions, including the agencies, changed from being judges to being advocates years before the crisis, eliminating a vital safety valve meant to hinder financial excess. Sinclair''s well-researched investigation offers a clear, Table of ContentsIntroduction 1. Fixations: The Making and Unmaking of Categories 2. Rehearsal 3. Main Attraction 4. Intermission 5. Sideshow 6. Encore 7. Fictions: The Making and Unmaking of Boundaries Epilogue

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Book SynopsisIn 1943, Lebanon gained its formal political independence from France; only after two more decades did the country finally establish a national central bank. Inaugurated on April 1, 1964, the Banque du Liban (BDL) was billed by Lebanese authorities as the nation's primary symbol of economic sovereignty and as the last step towards full independence. In the local press, it was described as a means of projecting state power and enhancing national pride. Yet the history of its founding—stretching from its Ottoman origins in mid-nineteenth century up until the mid-twentieth—tells a different, more complex story. Banking on the State reveals how the financial foundations of Lebanon were shaped by the history of the standardization of economic practices and financial regimes within the decolonizing world. The system of central banking that emerged was the product of a complex interaction of war, economic policies, international financial regimes, post-colonial state-building, global currents of technocratic knowledge, and private business interests. It served rather than challenged the interests of an oligarchy of local bankers. As Hicham Safieddine shows, the set of arrangements that governed the central bank thus was dictated by dynamics of political power and financial profit more than market forces, national interest or economic sovereignty.Trade Review"Banking on the State is a brilliant exploration of finance and banking as sites of state formation, sovereignty, regional alliances, and national subjectivities. By revealing the institutional origins of bank power in Lebanon, Hicham Safieddine rewrites the history of a misunderstood place. He challenges us to rethink sectarianism, exceptionalism, and civil strife." -- Sherene Seikaly * University of California, Santa Barbara *"Banking on the State makes a critical contribution to emerging research on Lebanon's political economy. Hicham Safieddine takes on critical questions and provides illuminating new insights, sure to help shift debates on Lebanon." -- Bassam Haddad * George Mason University *"A profoundly rich and highly readable account of Lebanon's financial foundations. Hicham Safieddine tells a riveting story of how Lebanon's banking system came to be the way it is—tracing the complex interplay of private finance and public policy, and the global (and regional) forces that so powerfully shaped the emergence of state institutions in Lebanon. A stunning book that upturns much of the conventional wisdom about Lebanese politics and economics, while also pushing new conceptual boundaries in how we think about the entwined histories of central banks, financial markets, and state sovereignty." -- Adam Hanieh * author of Money, Markets, and Monarchies: The Gulf Cooperation Council and the Contemporary Political Economy of the Middle East *"As some in Lebanon may prepare to celebrate the country's first century (1920–2020), this study of its financial foundations is not only a brilliant rewriting of history but also timely and prescient." -- Clement M. Henry * Middle East Journal *"Banking on the State is an innovative and groundbreaking contribution to the historiography of Lebanon. It is a treasure for researchers and students interested in the political, social, or economic history of Lebanon as well as financial history and post-colonial state building more broadly." –Ziad Abu-Rish, International Journal of Middle East Studies"While economic histories have explored the banking sector's centrality to Lebanon's political economy, scholars have not historicized the financial system's institutional foundations or analyzed bankers as a social group. In that light, Hicham Safieddine's groundbreaking monograph, Banking on the State, could not be more timely." -- Oain Lawson * Arab Studies Quarterly *Table of ContentsContents and Abstracts1Introduction: Illusions of Financial Independence chapter abstractThe introduction highlights the fact that although insightful studies of colonizing projects and postcolonial Arab state formation in a late and post-Ottoman context have covered the realms of education, military, law, civic space, and, later, the economy, Lebanese finance has rarely if ever been studied. This book addresses that lacuna. It explores the role of central banking in the making of Middle Eastern states both at the level of challenging dominant ideologies of political economy, like Michel Chiha's laissez-faire paradigm, and at the level of rethinking institution-building in relation to private lobbying groups like the Association of Banks in Lebanon and government regulatory structures like the central bank. The introduction offers an alternative reading of Lebanon's political economy that shies away from the fetishized invocation of sectarianism as a primary explanatory variable of historical change. 2The Long Monetary Mandate chapter abstractChapter 2 traces the evolution of central banking in Lebanon first under the Ottoman Imperial bank (BIO) and later under French occupation. The BIO's successor, the Banque de Syrie et du Liban (BSL), became the primary institutional guardian of a long French monetary mandate over Lebanon and Syria. Colonial authority guaranteed BSL legitimacy and its privileged position within an emerging national space. In return, BSL policies reproduced the dominance of French capital in the money market. More broadly, mandatory financial regulations, including BSL policies, played a central role in the formation of a new monetary space stretching from Lebanon to Iraq that underpinned the emergence of what is best described as heteronomous national economies. 3Central Bank Reform: Ideas and Institutions chapter abstractThe conflict over Lebanon's financial regulatory regime and economic orientation was not only of interests, but also of ideas. Chapter 3 explores the role of a group of "money doctors" at the International Monetary Fund and the American University of Beirut who tried to argue for economic reform and banking regulation after World War II. They challenged the dominant paradigm of laissez-faire espoused by followers of Michel Chiha in public fora like the Cénacle libanais and acted as emissaries of global currents of thought, namely, a modified version of economic institutionalism as propounded by the U.S. economist Wesley Mitchell. The chapter examines the ideal central bank prototypes that they believed "underdeveloped" countries like Lebanon should adopt. 4Barons of Banking: The Untouchables chapter abstractChapter 4 recounts the conflict within the bankers' ranks and vis-à-vis state technocrats and government ministers over the form and extent of banking regulation during the post–World War II post–World War II "merchant republic" era." The chapter examines failed projects of setting up development banks and traces the transformation of the banking community into an organized and powerful lobby thanks to the efforts led by the Eddé brothers, Raymond and Pierre. The former introduced banking secrecy legislation. The latter spearheaded the formation of the association of banks in Lebanon (ABL) in 1959, the first of its kind in the Arab world. The ABL managed to prevent central banking reform from tampering with the laissez-faire system at the basis of its power and prestige. 5Banque du Liban: A Façade of Economic Sovereignty: chapter abstractChapter 5 analyzes the making of the central bank in relation to the social reform project of Lebanese President Fuad Chehab (in office 1958–64), which was inspired by contemporary trends of state-led management of national economies. It is a comparative examination of the provisions of the 1964 Law of Money and Credit, which acted as the primary legal framework of Lebanon's financial regulatory system and monetary policy. The law laid out the statutes establishing the BDL and outlining its monetary policy mandate and management structure. Placed in the context of Arab financial reform, the chapter shows how the BDL under the direction of the former BIO official Joseph Oughourlian retained a degree of managerial autonomy vis-à-vis the government and the banks. Such autonomy that reflected Chehab's philosophy of planned laissez-faire. 6Suits and Shadows: The Intra Affair chapter abstractChapter 6 investigates the crash of one the region's top banks, Intra, which became a subject of conspiracy theories. The crisis took place two years after the BDL's inauguration and exposed the fragility of the financial system. It reflected the degree to which the Lebanese state lacked economic sovereignty and robust financial control. The chapter shows how the collapse of Intra, founded by the Palestinian-Lebanese businessman Yusif Beidas, was the product of structural transformation of the world's political economy combined with contingent historical developments and conspiratorial actions. Regionally, the outflow of Arab capital away from Beirut was intertwined with Arab Cold War political rivalries between Cairo and Riyadh. Locally, the structural limitations of the newly founded central banking system combined with the decision by Lebanese governing elites to sink Intra in order to save their market share and the laissez-faire system sustaining it. 7Financial Regime Change: The Last Refuge of Laissez-faire chapter abstractThe Intra crisis was itself a turning point in shaping the regulatory role of the BDL. The chapter traces the supranational policy networks that impacted the decision-making process. Aided by American experts like Roger Tamraz and Eugene Black, legal restructuring of the sector took place. Reforms included a temporary ban on entry to the banking sector, which led to international capital taking over local shares, as well as the introduction of a deposit insurance scheme. These new measures led to the emergence of banker-bureaucrats and banker-technocrats like Elias Sarkis, who was appointed BDL governor, and Salim Hoss, the first head of the Banking Control Commission. Both, among others, oversaw construction of a new financial regulatory regime that institutionalized and protected rather than overhauled laissez-faire well after the civil war that broke out in 1975, the closing point of the book. 8Conclusion: Sovereign Debt, Sovereign Banks chapter abstractBy the end of the civil war, Lebanon had become internationally synonymous with a failed state and endemic sectarian violence. State institutions including the military, the judiciary, the presidency, parliament, and public education were seen as weak, corrupt, partisan, or powerless. The conclusions show how, by contrast, the central bank remained largely resilient in the face of war, significantly autonomous from government intervention, and relatively immune to sectarian manipulation. Thanks to debt-dependent postwar reconstruction projects implemented by Prime Minister Rafic Hariri and financial engineering policies designed by the BDL's governor, Riad Salameh, Lebanese banks were able to secure a steady source and high level of profit via sovereign lending. Throughout Hariri's era and following his assassination in 2005, the BDL and the big banks remained key decision-makers in managing the debt, the currency, and the money market.

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Book SynopsisCritical theorists of economy tend to understand the history of market society as a succession of distinct stages. This vision of history rests on a chronological conception of time whereby each present slips into the past so that a future might take its place. This book argues that the linear mode of thinking misses something crucial about the dynamics of contemporary capitalism. Rather than each present leaving a set past behind it, the past continually circulates through and shapes the present, such that historical change emerges through a shifting panorama of historical associations, names, and dates. The result is a strange feedback loop between now and then, real and imaginary. Demonstrating how this idea can give us a better purchase on financial capitalism in the post-crisis era, History in Financial Times traces the diverse modes of history production at work in the spheres of financial journalism, policymaking, and popular culture. Paying particular attention to narrative and to notions of crisis, recurrence, and revelation, Amin Samman gives us a novel take on the relation between historical thinking and critique. Trade Review"In History in Financial Times, Amin Samman brilliantly exposes the intricate workings of the historical imagination in our present financialized times. Effortlessly weaving together political economy, philosophy, historiography, and cultural studies, this book is a must-read for anyone interested in understanding financial life today."—Jacqueline Best, University of Ottawa"Amin Samman has written a strikingly original book that brings the theory of history to issues of finance and economics in ways that I have not seen. His approach pushes both disciplines into new and productive territory. It is exciting, fresh, and strange in the most provocative and productive way."—Ethan Kleinberg, Wesleyan University"Samman argues that the inescapable recursiveness of historical reasoning requires a new politics that eschews metahistorical cul-de-sacs for a more honest and flexible reckoning with the conditions of life. An interesting and provocative application of poststructural theory to a field that is normally the province of materialists, this book is best suited to scholars of historiography and theory. Recommended."—S. P. Harshner, CHOICE"History in Financial Times draws on and synthesizes an impressive array of concepts, theories, and disciplines only gestured at here. The book shows a great deal of range in its method....[The] insistence on history in financial times serves as a necessary corrective to narrow-minded theories of economic or financial subjectivity and the self-serving significations of economic elites."—John Macintosh, Los Angeles Review of Books"[History in Financial Times] offers means to analyse the minutiae of how historical narratives (for instance, analogies between the 2008 financial crisis and the Great Depression) become a shorthand to help explain what is happening in the present....Samman's emphasis on narrative throughout the book is hugely important at a moment of widespread narrative dysfunctionality in which the distinction between fact and fiction comes to be widely contested."—Emily Rosamond, Finance and Society"History in Financial Timesis a deeply original and impressive contribution to critical studies of finance, the history of capitalism, and historical theory."—Joel Isaac, The American Historical Review"In its many luminous moments, Samman's text pushes the reader to rethink history itself (as a field, as a discourse, as an imaginary) as embedded in and impacting the dynamics of late financial capitalism. In particular, he helps us see the intricate interweaving of immaterial financial operations and the factual and fictional representations of those phenomena."—C. N. Biltoft, History & TheoryTable of ContentsIntroduction: "We Live in Financial Times" 1. Crisis Thinking 2. Historical Imagination 3. Return and Recurrence 4. Repetition and Revelation 5. Names of History Afterword: Exits to the Future

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Book SynopsisIn 1943, Lebanon gained its formal political independence from France; only after two more decades did the country finally establish a national central bank. Inaugurated on April 1, 1964, the Banque du Liban (BDL) was billed by Lebanese authorities as the nation's primary symbol of economic sovereignty and as the last step towards full independence. In the local press, it was described as a means of projecting state power and enhancing national pride. Yet the history of its founding—stretching from its Ottoman origins in mid-nineteenth century up until the mid-twentieth—tells a different, more complex story. Banking on the State reveals how the financial foundations of Lebanon were shaped by the history of the standardization of economic practices and financial regimes within the decolonizing world. The system of central banking that emerged was the product of a complex interaction of war, economic policies, international financial regimes, post-colonial state-building, global currents of technocratic knowledge, and private business interests. It served rather than challenged the interests of an oligarchy of local bankers. As Hicham Safieddine shows, the set of arrangements that governed the central bank thus was dictated by dynamics of political power and financial profit more than market forces, national interest or economic sovereignty.Trade Review"Banking on the State is a brilliant exploration of finance and banking as sites of state formation, sovereignty, regional alliances, and national subjectivities. By revealing the institutional origins of bank power in Lebanon, Hicham Safieddine rewrites the history of a misunderstood place. He challenges us to rethink sectarianism, exceptionalism, and civil strife." -- Sherene Seikaly * University of California, Santa Barbara *"Banking on the State makes a critical contribution to emerging research on Lebanon's political economy. Hicham Safieddine takes on critical questions and provides illuminating new insights, sure to help shift debates on Lebanon." -- Bassam Haddad * George Mason University *"A profoundly rich and highly readable account of Lebanon's financial foundations. Hicham Safieddine tells a riveting story of how Lebanon's banking system came to be the way it is—tracing the complex interplay of private finance and public policy, and the global (and regional) forces that so powerfully shaped the emergence of state institutions in Lebanon. A stunning book that upturns much of the conventional wisdom about Lebanese politics and economics, while also pushing new conceptual boundaries in how we think about the entwined histories of central banks, financial markets, and state sovereignty." -- Adam Hanieh * author of Money, Markets, and Monarchies: The Gulf Cooperation Council and the Contemporary Political Economy of the Middle East *"As some in Lebanon may prepare to celebrate the country's first century (1920–2020), this study of its financial foundations is not only a brilliant rewriting of history but also timely and prescient." -- Clement M. Henry * Middle East Journal *"Banking on the State is an innovative and groundbreaking contribution to the historiography of Lebanon. It is a treasure for researchers and students interested in the political, social, or economic history of Lebanon as well as financial history and post-colonial state building more broadly." –Ziad Abu-Rish, International Journal of Middle East Studies"While economic histories have explored the banking sector's centrality to Lebanon's political economy, scholars have not historicized the financial system's institutional foundations or analyzed bankers as a social group. In that light, Hicham Safieddine's groundbreaking monograph, Banking on the State, could not be more timely." -- Oain Lawson * Arab Studies Quarterly *Table of ContentsContents and Abstracts1Introduction: Illusions of Financial Independence chapter abstractThe introduction highlights the fact that although insightful studies of colonizing projects and postcolonial Arab state formation in a late and post-Ottoman context have covered the realms of education, military, law, civic space, and, later, the economy, Lebanese finance has rarely if ever been studied. This book addresses that lacuna. It explores the role of central banking in the making of Middle Eastern states both at the level of challenging dominant ideologies of political economy, like Michel Chiha's laissez-faire paradigm, and at the level of rethinking institution-building in relation to private lobbying groups like the Association of Banks in Lebanon and government regulatory structures like the central bank. The introduction offers an alternative reading of Lebanon's political economy that shies away from the fetishized invocation of sectarianism as a primary explanatory variable of historical change. 2The Long Monetary Mandate chapter abstractChapter 2 traces the evolution of central banking in Lebanon first under the Ottoman Imperial bank (BIO) and later under French occupation. The BIO's successor, the Banque de Syrie et du Liban (BSL), became the primary institutional guardian of a long French monetary mandate over Lebanon and Syria. Colonial authority guaranteed BSL legitimacy and its privileged position within an emerging national space. In return, BSL policies reproduced the dominance of French capital in the money market. More broadly, mandatory financial regulations, including BSL policies, played a central role in the formation of a new monetary space stretching from Lebanon to Iraq that underpinned the emergence of what is best described as heteronomous national economies. 3Central Bank Reform: Ideas and Institutions chapter abstractThe conflict over Lebanon's financial regulatory regime and economic orientation was not only of interests, but also of ideas. Chapter 3 explores the role of a group of "money doctors" at the International Monetary Fund and the American University of Beirut who tried to argue for economic reform and banking regulation after World War II. They challenged the dominant paradigm of laissez-faire espoused by followers of Michel Chiha in public fora like the Cénacle libanais and acted as emissaries of global currents of thought, namely, a modified version of economic institutionalism as propounded by the U.S. economist Wesley Mitchell. The chapter examines the ideal central bank prototypes that they believed "underdeveloped" countries like Lebanon should adopt. 4Barons of Banking: The Untouchables chapter abstractChapter 4 recounts the conflict within the bankers' ranks and vis-à-vis state technocrats and government ministers over the form and extent of banking regulation during the post–World War II post–World War II "merchant republic" era." The chapter examines failed projects of setting up development banks and traces the transformation of the banking community into an organized and powerful lobby thanks to the efforts led by the Eddé brothers, Raymond and Pierre. The former introduced banking secrecy legislation. The latter spearheaded the formation of the association of banks in Lebanon (ABL) in 1959, the first of its kind in the Arab world. The ABL managed to prevent central banking reform from tampering with the laissez-faire system at the basis of its power and prestige. 5Banque du Liban: A Façade of Economic Sovereignty: chapter abstractChapter 5 analyzes the making of the central bank in relation to the social reform project of Lebanese President Fuad Chehab (in office 1958–64), which was inspired by contemporary trends of state-led management of national economies. It is a comparative examination of the provisions of the 1964 Law of Money and Credit, which acted as the primary legal framework of Lebanon's financial regulatory system and monetary policy. The law laid out the statutes establishing the BDL and outlining its monetary policy mandate and management structure. Placed in the context of Arab financial reform, the chapter shows how the BDL under the direction of the former BIO official Joseph Oughourlian retained a degree of managerial autonomy vis-à-vis the government and the banks. Such autonomy that reflected Chehab's philosophy of planned laissez-faire. 6Suits and Shadows: The Intra Affair chapter abstractChapter 6 investigates the crash of one the region's top banks, Intra, which became a subject of conspiracy theories. The crisis took place two years after the BDL's inauguration and exposed the fragility of the financial system. It reflected the degree to which the Lebanese state lacked economic sovereignty and robust financial control. The chapter shows how the collapse of Intra, founded by the Palestinian-Lebanese businessman Yusif Beidas, was the product of structural transformation of the world's political economy combined with contingent historical developments and conspiratorial actions. Regionally, the outflow of Arab capital away from Beirut was intertwined with Arab Cold War political rivalries between Cairo and Riyadh. Locally, the structural limitations of the newly founded central banking system combined with the decision by Lebanese governing elites to sink Intra in order to save their market share and the laissez-faire system sustaining it. 7Financial Regime Change: The Last Refuge of Laissez-faire chapter abstractThe Intra crisis was itself a turning point in shaping the regulatory role of the BDL. The chapter traces the supranational policy networks that impacted the decision-making process. Aided by American experts like Roger Tamraz and Eugene Black, legal restructuring of the sector took place. Reforms included a temporary ban on entry to the banking sector, which led to international capital taking over local shares, as well as the introduction of a deposit insurance scheme. These new measures led to the emergence of banker-bureaucrats and banker-technocrats like Elias Sarkis, who was appointed BDL governor, and Salim Hoss, the first head of the Banking Control Commission. Both, among others, oversaw construction of a new financial regulatory regime that institutionalized and protected rather than overhauled laissez-faire well after the civil war that broke out in 1975, the closing point of the book. 8Conclusion: Sovereign Debt, Sovereign Banks chapter abstractBy the end of the civil war, Lebanon had become internationally synonymous with a failed state and endemic sectarian violence. State institutions including the military, the judiciary, the presidency, parliament, and public education were seen as weak, corrupt, partisan, or powerless. The conclusions show how, by contrast, the central bank remained largely resilient in the face of war, significantly autonomous from government intervention, and relatively immune to sectarian manipulation. Thanks to debt-dependent postwar reconstruction projects implemented by Prime Minister Rafic Hariri and financial engineering policies designed by the BDL's governor, Riad Salameh, Lebanese banks were able to secure a steady source and high level of profit via sovereign lending. Throughout Hariri's era and following his assassination in 2005, the BDL and the big banks remained key decision-makers in managing the debt, the currency, and the money market.

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Book SynopsisThe global rise of neoliberalism since the 1970s is widely seen as a dynamic originating in the United States and the United Kingdom, and only belatedly and partially repeated by Germany. From this Anglocentric perspective, Germany's emergence at the forefront of neoliberal reforms in the eurozone is perplexing, and tends to be attributed to the same forces conventionally associated with the Anglo-American pioneers. This book challenges this ruling narrative conceptually and empirically. It recasts the genesis of neoliberalism as a process driven by a plenitude of actors, ideas, and interests. And it lays bare the pragmatic reasoning and counterintuitive choices of German crisis managers that are obscured by this master story. Drawing on extensive original archival research, this book argues that German officials did not intentionally set out to promote neoliberal change. Instead they were more intent on preserving Germany's export markets and competitiveness in order to stabilize the domestic compact between capital and labor. Nevertheless, the series of measures German policy elites took to manage the end of golden-age capitalism promoted neoliberal transformation in crucial respects: it destabilized the Bretton Woods system; it undermined socialist and social democratic responses to the crisis in Europe; it frustrated an internationally coordinated Keynesian reflation of the world economy; and ultimately it helped push the US into the Volcker interest-rate shock that inaugurated the attack on welfare and labor under Reagan and Thatcher. From this vantage point, the book illuminates the very different rationale behind the painful reforms German state managers have demanded of their indebted eurozone partners. Trade Review"With an alternative origin story of neoliberalism pivoting on the historical role of Germany and its contemporary 'primacy' within the European Union, Germann treats the reader to a fresh perspective on the uneven and combined developmental trajectory of capitalist discipline and deflection." -- Adam David Morton * University of Sydney *"A strikingly original, deeply important, and fantastically well-researched book which challenges and recasts much of what we thought we knew about the origins of neoliberalism in Europe and, indeed, beyond. Highly recommended, this is destined to become a key reference point in all subsequent debate on this crucial topic." -- Colin Hay, Sciences Po * Paris *"This seminal work fundamentally recasts our understanding of the evolution of the international political economy since 1945. Based on extensive archival research, Germann's book shows convincingly that the Federal Republic of Germany played a central role in the global neoliberal counterrevolution and that its contemporary European primacy is a central factor in the contemporary global crisis." -- Alan Cafruny * Hamilton College *"In this highly readable, thoroughly documented and at times controversial study, Germann argues that Germany's contribution to the shaping of global neoliberalism goes much deeper than usually recognized. Ever since the global recession of the 1970s Germany has been a key architect—albeit an unwitting one—of the neoliberal global order. A must-read for scholars of European and global political economy!" -- Henk Overbeek * Vrije Universiteit Amsterdam *"Thoroughly convincing and excellently sourced [Unwitting Architect] is a pivotal and timely book and one any informed citizen would benefit from reading." - Julian Clos, Spectrum CultureTable of ContentsContents and AbstractsIntroduction: Introduction chapter abstractThe introduction asks how Germany—a country long thought to be irrevocably European and committed to a more social market economy—could have emerged at the helm of a punitive program of neoliberalism within Europe. To resolve this puzzle, we need to revisit the crisis of the 1970s, when neoliberalism first appeared, and rethink the role of the German state in light of newly available archival material. From this viewpoint, Germany is revealed to be the "unwitting architect" of neoliberalism. Its parochial attempts to manage the crisis domestically promoted a regressive form of capitalism internationally that soon boomeranged back upon it, and which it promotes across Europe today so as not to practice at home. After a chapter-by-chapter summary of this argument, the Introduction lists the archival sources consulted for this book and discusses how an archival method can be integrated into critical International Political Economy. 1The Origins of Neoliberalism and the Role of the German State chapter abstractThis chapter reviews the most prominent explanations of the global rise of neoliberalism provided within critical International Political Economy: (1) a state-centered argument, which holds that neoliberalism was imposed by the United States in a bid to reassert its global dominance; (2) a class-based argument, which sees neoliberalism as the project of globalizing elites who sought to restore their corporate profits and power; and (3) an ideational argument, which describes the rise of neoliberalism as a paradigmatic shift in economic ideas. The chapter argues that these accounts share a common bias: they pivot unduly on the Anglo-American world and are unable to capture the peculiar German contribution to the origins of neoliberalism. As a result, they misread the rise of Germany to the apex of a neoliberal Europe as a belated repetition of the same global movement spearheaded by the US and the UK. 2Foreign Economic Policy and Advanced Unevenness chapter abstractThis chapter develops an alternative framework to understand Germany's role in the global rise of neoliberalism. Eschewing a comparative approach, it interrogates the German political economy as not only different from but fundamentally entwined with other national political economies. The lens of uneven and combined development is used to conceptualize this interconnectedness, emphasizing the co-evolution of national capitalisms, the systemic pressures that arise from their coexistence, and the interactive context of foreign economic decision making. This heuristic characterizes neoliberalism as an interactive process involving several states and diverse ideas, rather than an Anglo-American project writ large. Neoliberalism, in this view, did not arise from the domestic conditions prevailing in the US or the UK alone, but within a wider international environment structured by the German state for particular reasons that precede the Anglo-American turn and continue to shape its crisis management today. 3Embedding Liberalism: The German Social Model and Its International Supports chapter abstractThis chapter traces the long-term development of German capitalism from the vantage point of uneven and combined development. It argues that Germany's postwar social market economy was built upon an externally oriented developmental model inherited from its belated insertion into the world market, and used to enroll capital and labor in a global export offensive. The underlying vision of Germany as the workshop of an advanced industrial and newly industrializing world coincided with the postwar plans of the United States for an open, multilateral global economy. And yet the chapter cautions that the prevailing image of Germany as a liberal "trading state" (Handelsstaat) that had traded power for wealth as its prime objective fails to capture the novel ways in which the German state, from the crisis of the 1970s onward, has come to exert its influence internationally to sustain this export-led social model. 4Unwinding Bretton Woods: The Deutsche Mark Float and the Renewal of Stability Politics chapter abstractThis chapter asks how German policymakers responded to the monetary turbulences that signaled the end of the golden age of capitalism from the mid-1960s onward. To address this question, the chapter challenges the popular view that Bretton Woods died at the hands of a declining US hegemon and zooms in on the actions of its allies: while French attempts to push the US toward monetary reform destroyed the dollar-gold standard as early as March 1968, German efforts to protect themselves from the abuse of dollar seignorage upended the regime of fixed exchange rates three years later. The chapter argues that, unlike elsewhere in the advanced industrialized world, the shift toward floating enabled the German state to double down on price stability and restabilize its embedded liberal compromise—an experience that framed how German policymakers would respond to the wider economic turmoil of the 1970s. 5Defeating Alternatives: German Grand Strategy and the European Left chapter abstractThis chapter examines the development of a grand economic strategy pursued by the German state from the mid-1970s onward. Its primary objective was to shore up the domestic compact between capital and labor internationally, which required maintaining stable prices and open markets for its exports. To German policymakers, this meant that Germany could not afford to turn inward, or to expend its resources on lofty visions of solidarity. Instead, Germany mobilized its monetary and financial power in order to counter the threats of protectionism and imported inflation posed by leftist crisis responses. The chapter details how German officials, through European exchange-rate cooperation and financial interventions coordinated with the US, sought to commit its European partners to an anti-inflationary program that would complement their own. The result, the chapter explains, was to frustrate progressive resolutions of the crisis and move the world closer toward the neoliberal counter-revolution. 6Disciplining the Hegemon: German Monetary Power and the Volcker Shock chapter abstractThis chapter argues that in order to protect its export model from the dangers of imported inflation, Germany strove to commit the US to monetary and fiscal rigor. To this end, German officials blocked the attempts of the Carter administration to organize a global Keynesian expansion, and scaled back their foreign exchange interventions in support of a weakening dollar. Both actions helped push the US into the Volcker Shock, which deflated the world economy and launched the attack on organized labor. The chapter concludes that the neoliberal experiment in the US, paralleled and reinforced by similar attempts in the UK, was late and lucky. Rather than the outcome of a decade-long domestic shift—seamless and sealed off from the world outside the Anglo-American heartland—the neoliberal counter-revolution was driven in part by the external pressures imposed by Germany, and subsequently sustained by a bout of Japanese investment. 7Deflecting Neoliberalism: Power and Purpose in Germany's Eurocrisis Management chapter abstractThis chapter explores how the German political economy was transformed by the global rise of neoliberalism and how this change feeds into Germany's approach to the eurocrisis. Rather than being pushed down an Anglo-American road, German policymakers still seek to preserve what is left of the domestic compromise between capital and labor. The chapter argues that China's massive demand for German exports informs the long-term vision of a neoliberal Europe structurally adjusted to support the global position of German manufacturers. At the same time, the perceived threat of US interest rates rising out of step with economic conditions in Europe and emerging markets hardened the German stance on austerity during the fever-pitched policy battles at the height of the eurocrisis. Together, these international pressures and opportunities have produced the predicament of German primacy as a transformative and yet destabilizing force within the EU. Conclusion: Conclusion chapter abstractThe conclusion places Germany's current position in the EU within a global context and draws out the wider implications of this study. It advances a conception of neoliberalism as a multifaceted process in which actors draw upon, and contribute to, an ever wider array of available techniques to deconstruct or reconfigure the social, economic, and political gains working people had wrought from capital and invested in the postwar welfare state. While in this respect neoliberalism is the indispensable marker for a new era of capitalism, it is too amorphous a term to serve as a guide to the emerging frontiers and faultlines of the global political economy.

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Book SynopsisIn the centuries before Europeans crossed the Atlantic, social and material relations among the indigenous Guaraní people of present-day Paraguay were based on reciprocal gift-giving. But the Spanish and Portuguese newcomers who arrived in the sixteenth century seemed interested in the Guaraní only to advance their own interests, either through material exchange or by getting the Guaraní to serve them. This book tells the story of how Europeans felt empowered to pursue individual gain in the New World, and how the Guaraní people confronted this challenge to their very way of being. Although neither Guaraní nor Europeans were positioned to grasp the larger meaning of the moment, their meeting was part of a global sea change in human relations and the nature of economic exchange. Brian P. Owensby uses the centuries-long encounter between Europeans and the indigenous people of South America to reframe the notion of economic gain as a historical development rather than a matter of human nature. Owensby argues that gain—the pursuit of individual, material self-interest—must be understood as a global development that transformed the lives of Europeans and non-Europeans, wherever these two encountered each other in the great European expansion spanning the sixteenth to nineteenth centuries.Trade Review"Well written and theoretically informed, New World of Gain depicts the long encounter between the Guaraní of Paraguay and invading Europeans. Themes of rapacity, profit, inequality, and religious conversion mixed with violence weave through this historical narrative that illuminates both sides of the confrontation."—Steve Gudeman, University of Minnesota"New World of Gain offers a powerful new vision of Guaraní and Jesuits forging reciprocities in search of 'a land without evil.' A revealing look at intersections of lived history and constructed memory."—John Tutino, Georgetown University"In beautiful prose, New World of Gain builds a compelling narrative of the Guaraní mission world that will interest scholars and students of the colonial Río de la Plata but equally entice a much broader audience, including Europeanists, economic historians, and proponents of the global turn. This book promises to spark debate and dialogue for many years to come."—Shawn Michael Austin, Hispanic American Historical Review"Readers will find this book a fresh, original narrative about Spanish colonialism in Paraguay, drawing from multiple strains of historiography, Paraguayan as well as US, economic as well as anthropological.... Owensby invites us to think about how contemporary tensions and debates between individual profit and the common good are not recent but claim a much longer history, which has been shaped not only by the hands of trained scholars but also by the everyday lives of indigenous peoples."—Alfredo Escudero Villanueva, H-LatAm"Through his exploration of the Paraguayan missions, Owensby makes the case that European notions of economic gain were not inevitable and that societies could be organized in better ways to bring aboutgreater well-being. This book is important not only for its erudition about the Paraguayan missions but also for its understanding of the European colonial enterprise and economic thought in general."—Erick D. Langer, Journal of Interdisciplinary HistoryTable of ContentsIntroduction: Directions 1. Coming to the Encounter 2. Of Gain and Gift 3. Limits of Law, Love, and Conscience 4. Beyond Predation 5. The Guaraní Mission World 6. Good Economy of the State 7. From Community to Liberty 8. The Only Example in the History of the Universe Conclusion: Reflections

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Book SynopsisIn the centuries before Europeans crossed the Atlantic, social and material relations among the indigenous Guaraní people of present-day Paraguay were based on reciprocal gift-giving. But the Spanish and Portuguese newcomers who arrived in the sixteenth century seemed interested in the Guaraní only to advance their own interests, either through material exchange or by getting the Guaraní to serve them. This book tells the story of how Europeans felt empowered to pursue individual gain in the New World, and how the Guaraní people confronted this challenge to their very way of being. Although neither Guaraní nor Europeans were positioned to grasp the larger meaning of the moment, their meeting was part of a global sea change in human relations and the nature of economic exchange. Brian P. Owensby uses the centuries-long encounter between Europeans and the indigenous people of South America to reframe the notion of economic gain as a historical development rather than a matter of human nature. Owensby argues that gain—the pursuit of individual, material self-interest—must be understood as a global development that transformed the lives of Europeans and non-Europeans, wherever these two encountered each other in the great European expansion spanning the sixteenth to nineteenth centuries.Trade Review"Well written and theoretically informed, New World of Gain depicts the long encounter between the Guaraní of Paraguay and invading Europeans. Themes of rapacity, profit, inequality, and religious conversion mixed with violence weave through this historical narrative that illuminates both sides of the confrontation."—Steve Gudeman, University of Minnesota"New World of Gain offers a powerful new vision of Guaraní and Jesuits forging reciprocities in search of 'a land without evil.' A revealing look at intersections of lived history and constructed memory."—John Tutino, Georgetown University"In beautiful prose, New World of Gain builds a compelling narrative of the Guaraní mission world that will interest scholars and students of the colonial Río de la Plata but equally entice a much broader audience, including Europeanists, economic historians, and proponents of the global turn. This book promises to spark debate and dialogue for many years to come."—Shawn Michael Austin, Hispanic American Historical Review"Readers will find this book a fresh, original narrative about Spanish colonialism in Paraguay, drawing from multiple strains of historiography, Paraguayan as well as US, economic as well as anthropological.... Owensby invites us to think about how contemporary tensions and debates between individual profit and the common good are not recent but claim a much longer history, which has been shaped not only by the hands of trained scholars but also by the everyday lives of indigenous peoples."—Alfredo Escudero Villanueva, H-LatAm"Through his exploration of the Paraguayan missions, Owensby makes the case that European notions of economic gain were not inevitable and that societies could be organized in better ways to bring aboutgreater well-being. This book is important not only for its erudition about the Paraguayan missions but also for its understanding of the European colonial enterprise and economic thought in general."—Erick D. Langer, Journal of Interdisciplinary HistoryTable of ContentsIntroduction: Directions 1. Coming to the Encounter 2. Of Gain and Gift 3. Limits of Law, Love, and Conscience 4. Beyond Predation 5. The Guaraní Mission World 6. Good Economy of the State 7. From Community to Liberty 8. The Only Example in the History of the Universe Conclusion: Reflections

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Book SynopsisFor much of American history, large numbers of people claimed that money was a public good and asserted the right to shape money creation practices. If popular knowledge about money creation was once widely shared, how and why did it disappear? In this astute new work, Jakob Feinig shows how the relation between money users and money-issuing governments changed from British colonial North America to today's United States, discussing how popular movements reshaped money-creating institutions, and how their opponents attempted to silence them. He also reveals how monetary and political history unfolds in the tension between "moral economies of money" and "monetary silencing." Offering an introduction to money creation practices since the colonial era, the book enables readers to understand why most people are disconnected from knowledge about money creation today. At the same time, the book also allows readers to situate the recent prominence of Modern Monetary Theory (MMT) against a broader historical background. Historians of capitalism, economic and political sociologists, social theorists, anthropologists of money, and anyone seeking to understand monetary activism, will find this book helps to clarify present-day possibilities in light of historical processes.Trade Review"In this book, Feinig sets out to make money visible as a practice. He does that with breath-taking effect. Brilliant, thought-provoking, and illuminating."—Christine Desan, Harvard University"An absorbingly rich history of the struggles over money in the United States from colonial 'moral economies' to its expropriation by capitalist banking."—Geoffrey Ingham, University of Cambridge"In this compelling fusion of sociological insight and historical narrative, Feinig succeeds in clarifying how money politics worked in the past, and why it should be revisited today."—Roy Kreitner, Tel Aviv University"Moral Economies of Money: Politics and the Monetary Constitution of Society, the outstanding new book by the sociologist Jakob Feinig, shows that it doesn't have to be this way: we need not settle for a monetary system that breeds apathy or withdrawal into conspiracy theory. To the contrary—for much of this country's history, the conspicuous entanglement of fiscal and monetary policy encouraged money users to participate in the design, implementation, and governance of systems for issuing and retiring currency."—Aaron Wistar, Jacobin"The sociologist Jakob Feinig challenges the dominant view of money as a scarce commodity. His masterful book Moral Economies of Money: Politics and the Monetary Constitution of Society demonstrates that money is an elastic public good."—Sandeep Vaheesan, UCLA Law Review"To politicize monetary policy is a controversial demand today; to politicize the design of the monetary system can sound positively outlandish. Jakob Feinig's Moral Economies of Money gives us an excellent place to start."—Pierre-Christian Fink, Phenomenal World"The clarity and concision of Moral Economies makes the enigmatic into something knowable, teachable, and politicizeable—the value of which will be immediately clear to those who, from classroom experience, know the phenomenon of monetary silence all too well."—Stephanie L. Mudge, Just Money"One of the hallmarks of good historical sociology is that it leads us to see the periods we think we know in a new light. [The Moral Economies of Money] does that in so many ways, both big and small."—Josh Pacewicz, Just MoneyTable of ContentsIntroduction: Moral Economies of Money and Monetary Silencing 1. Settler Democracy as a Monetary School: Toward Moral Economies of Money 2. Moral Economies of Money 3. Monetary Silencing and the Romance of Unmediated Exchanges 4. Greenback Moral Economies 5. What Kinds of People Should Money Users Be? 6. Monetary Silencing as a New Deal Legacy Conclusion: From New Deal Silencing to a Moral Economy of Money

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Book SynopsisIn the 1950s–80s, Brazil built one of the most advanced industrial networks among the "developing" countries, initially concentrated in the state of São Paulo. But from the 1980s, decentralization of industry spread to other states reducing São Paulo's relative importance in the country's industrial product. This volume draws on social, economic, and demographic data to document the accelerated industrialization of the state and its subsequent shift to a service economy amidst worsening social and economic inequality. Through its cultural institutions, universities, banking, and corporate sectors, the municipality of São Paulo would become a world metropolis. At the same time, given its rapid growth from 2 million to 12 million residents in this period, São Paulo dealt with problems of distribution, housing, and governance. This significant volume elucidates these and other trends during the late twentieth and early twenty-first centuries, and will be an invaluable reference for scholars of history, policy, and the economy in Latin America.Trade Review"In this superb volume, Luna and Klein play to their strengths, documenting in immense factual detail the key facets of social and economic change in São Paulo from 1950 to 2020. A fundamental reference for anyone who seeks to understand the distinctiveness of São Paulo and the developing world more generally."—William Summerhill, University of California, Los Angeles"In classic Luna and Klein style, this book brings their sweeping series on São Paulo into the twenty-first century. It offers a much-needed examination of how São Paulo's classic agricultural-to-industrial-success story has changed since 1950, and the effects of those changes on the economic and social development of the most vibrant economy in Latin America and the economic heart of Brazil."—Anne G. Hanley, Northern Illinois University"Recommended."—B. A. Lucero, CHOICE"Social Change, Industrialization, and the Service Economy in São Paulo, 1950–2020 is both encyclopedic in its findings and highly readable as a history book. Luna and Klein have done a great deal of important work in pushing forward the study of São Paulo from the late colonial era to the present. This volume is a terrific addition to the historiography."—Joel Wolfe, Hispanic American Historical ReviewTable of Contents1. The State of São Paulo at the Mid-20th Century 2. Industrial Growth in São Paulo 1950-2000 3. São Paulo Agriculture 4. Growth of a Service and Trade Economy 5. Demographic Change in Sao Paulo Since 1950 6. Societal Changes: Hourseholds, Families, Women, and Work 7. Societal Changes: Stratification, Color, and Social Mobility 8. São Paulo, From an Industrial City to a City of Services

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Book SynopsisThere were only a few women economists who made it to the surface and whose voices were heard in the history of economic thought of Adam Smith, David Ricardo, John Maynard Keynes, and Milton Friedman – right? Wrong! In this book, distinguished economist Edith Kuiper shows us that the history of economic thought is just that, a his-story, by telling the herstory of economic thought from the perspective of women economic writers and economists. Although some of these women were well known in their time, they were excluded from most of academic economics, and, over the past centuries, their work has been neglected, forgotten, and thus become invisible. Edith Kuiper introduces the reader to an amazing crowd of female pioneers and reveals how their insights are invaluable to understanding areas of economics ranging from production, work, and the economics of the household, to income and wealth distribution, consumption, public policy, and much more. This pathbreaking book presents a whole new perspective on the development of economic thought. It will be essential reading for all students and scholars of the history of economic thought and feminist economics.Trade Review“This excellent detective work solves a kind of murder mystery: it reveals the underappreciated heroines of a remarkably longstanding effort to improve the scope of economic theory.”Nancy Folbre, University of Massachusetts “History is written by the victors, and for too long economics has been dominated by old white men. This pioneering book denounces the male bias in economics and sets the record straight. Edith Kuiper shows that proper consideration for women’s many contributions to economic thinking opens up economics to badly needed new ideas and perspectives. We need less history and more herstory.”Carlo D’Ippoliti, Sapienza University of Rome“A most enlightening book.” The Society of Professional Economists Table of ContentsPreface and Acknowledgements Introduction Chapter 1. The emergence of Political Economy Chapter 2. Power, agency, and property rights Chapter 3. Education Chapter 4. Women’s relation to wealth: Capital, money, and finance Chapter 5. Production Chapter 6. Distribution Chapter 7. Consumption Chapter 8. Government polices Chapter 9. Findings, Feminist Economics, and further explorations References

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Book SynopsisThroughout its history, the U.S. military has worked in close connection to market-based institutions and structures. It has run systems of free and unfree labor, taken over private sector firms, and both spurred and snuffed out economic development. It has created new markets—for consumer products, for sex work, and for new technologies. It has operated as a regulator of industries and firms and an arbitrator of labor practices. And in recent decades it has gone so far as to refashion itself from the inside, so as to become more similar to a for-profit corporation. The Military and the Market covers two centuries of history of the U.S. military’s vast and varied economic operations, including its often tense relationships with capitalist markets. Collecting new scholarship at the intersection of the fields of military history, business history, policy history, and the history of capitalism, the nine chapters feature important new research on subjects ranging from Civil War soldier-entrepreneurs, to the business of the construction of housing and overseas bases for the Cold War, to the U.S. military’s troubled relationships with markets for sex. The volume enriches scholars’ understandings of the depth and complexity of military-market relations in U.S. history and offers today’s military policymakers novel insights about the origins of current arrangements and how they might be reimagined. Contributors: Jessica L. Adler, Timothy Barker, Patrick Chung, Gretchen Heefner, Jennifer Mittelstadt, A. Junn Murphy, Kara Dixon Vuic, Sarah Jones Weicksel, Mark R. Wilson, Daniel Wirls.Trade Review"The Military and the Market is an excellent analysis of how the United Stated defense establishment shapes, and is shaped by, external economic trends and business marketplaces. The raison d’etre of this anthologized, multi-author volume rests on an expansive definition of the word 'marketplace,' moving beyond the defense industry hardware which often assumes analytical primacy in studies of defense markets. Through offering this wide intellectual umbrella, the editors bring into the work a varied and often surprising array of case studies – ranging from topics such as Cold War housing construction to modern national security contracting – and along the way shed light on some lesser-known episodes of American military history." * The Strategy Bridge *"The Military and the Market is well suited for policymakers and practitioners alike, principally at the local level between military installation garrison and community leaders facing the day-to-day externalities of this public-private interrelationship and at the national level between military and congressional leaders to evolve Title 10 requirements to man, train, and equip the respective branches. These leaders could benefit from the unique lens of changing public-private provision to the American defense sector over time, and its resulting coevolution with the larger contemporary military-market-society interrelationship, to inform future advantage during today’s era of great-power competition." * Parameters *"Whether studying fresh recruits or aging veterans, scrutinizing the Civil War or recent conflicts in Iraq and Afghanistan, these formidable scholars do thorough research and smart thinking. Putting the relationship between market capitalism and U.S. national security into a deep historical perspective, The Military and the Market asks big questions and offers big answers. For both military history and the history of capitalism, this will be an exciting, enduring, go-to book." * Christopher Capozzola, Massachusetts Institute of Technology *"A compelling series of essays on the commodification and business of war. Mittelstadt and Wilson have assembled an impressive ensemble cast of scholars to investigate the deep-rooted connections between the United States' military, economic, and social policies. A must read for anyone interested in the ever-widening reach of the US national security establishment." * Gregory Daddis, San Diego State University *

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Book SynopsisOne of the most persistent, powerful, and dangerous notions in the history of the Jews in the diaspora is the prodigious talent attributed to them in all things economic. From the medieval Jewish usurer through the early-modern port-Jew and court-Jew to the grand financier of the nineteenth and twentieth centuries and contemporary investors, Jews loom large in the economic imagination. For capitalists and Marxists, libertarians and radical reformers, Jews are intertwined with the economy. This association has become so natural that we often overlook the history behind the making and remaking of the complex cluster of perceptions about Jews and economy, which emerged within different historical contexts to meet a variety of personal and societal anxieties and needs. In An Economy of Strangers, Avinoam Yuval-Naeh historicizes this association by focusing on one specific time and place—the financial revolution that England underwent from the late seventeenth century that coincided with the reestablishment of the Jewish population there for the first time in almost four hundred years. European Christian societies had to that point shunned finance and constructed a normative system to avoid it, relying on the figure of the Jew as a foil. But as the economy modernized in the seventeenth century, finance became the hinge of national power. Finance’s rise in England provoked intense national debates. Could financial economy, based on lending money on interest, be accommodated within Christian state and society when it had previously been understood as a Jewish practice? By projecting the modern economy and the Jewish community onto each other, the Christian majority imbued them with interrelated meanings. This braiding together of parallel developments, Yuval-Naeh argues, reveals in a meaningful way how the contemporary and wide-ranging association of Jews with the modern economy could be created.Trade Review"With erudition, clarity, and insight, An Economy of Strangers reveals how contemporaries used Jews, Judaism, and Jewish history to comprehend and evaluate the emergence of new commercial realities." * David Feldman, Birkbeck, University of London *"Avinoam Yuval-Naeh’s thoroughly researched and compellingly written book brings together Jewish history and the financial revolution to show how contemporaries associated ‘Jewish’ characteristics with the changing values and practices of modern finance and capitalism." * Dana Rabin, author of Britain and Its Internal Others, 1750–1800: Under Rule of Law *

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Book SynopsisDebates about the origins and effects of European rule in the non-European world have animated the field of economic history since the 1850s. This pioneering text provides a concise and accessible resource that introduces key readings, builds connections between ideas and helps students to develop informed views of colonialism as a force in shaping the modern world. With special reference to European colonialism of the nineteenth and twentieth centuries in both Asia and Africa, this book: • critically reviews the literature on colonialism and economic growth; • covers a range of different methods of analysis; • offers a comparative approach, as opposed to a collection of regional histories, deftly weaving together different themes. With debates around globalization, migration, global finance and environmental change intensifying, this authoritative account of the relationship between colonialism and economic development makes an invaluable contribution to several distinct literatures in economic history.Table of ContentsColonial and Indigenous Origins of Comparative Development Origins of Colonialism: Is There One Story? Colonialism as an Agent of Globalization Growth and Development in the Colonies Debates about Costs and Benefits How Colonial States Worked Did Institutions Matter ? Colonialism and the Environment Business and Empires Decolonization and the End of Empire Summary and conclusion

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Book SynopsisThe idea of corporate social responsibility may seem like a recent trend, but the previously unpublished historical documents on Cambridge’s sophisticated urban property market reveal that businesses have been practicing what is sometimes referred to as “Compassionate Capitalism” for nearly a thousand years. This transdisciplinary study presents an invaluable contribution to our knowledge of the early phases of capitalism.Trade Review"Our knowledge of early capitalism is far from perfect. This book makes an important contribution to redress this situation, while also providing very valuable new information about medieval Cambridge and its territory." Guido Alfani, Bocconi University“A novel and creative approach to the Capitalism debate. The transcription and analysis of primary sources are valuable contribution to medieval and early modern social, economic and business history.” Claudia Jefferies, City, University London"This study of the medieval property market in Cambridge, presented in the context of medieval capitalism and Christian charitable foundations, will be widely welcomed." Nick Mayhew, University of OxfordTable of ContentsIntroduction Dynamics of the Property Market Economic Topography Family Profiles Family Dynasties Cambridge and its Regional Environment Legacy: Cambridge in the Fourteenth and Fifteenth Centuries Conclusion

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Book SynopsisOne of the most important manuscripts surviving from thirteenth-century England, the corpus of documents known as the Hundred Rolls for Cambridge have been incomplete until the recent discovery of an additional roll. This invaluable volume replaces the previous inaccurate transcription by the record commission of 1818 and provides new translations and additional appendices. Shedding new light on important facets of business activity in thirteenth-century Cambridge, this volume makes a significant contribution to our knowledge of the early phases of capitalism. This unique text will be of interest to anyone working in the fields of economic and business history, entrepreneurship, philanthropy and medieval studies. A research monograph based on recently discovered historical documents, Compassionate Capitalism: Business and Community in Medieval England, by Casson et al, is also now available from Bristol University Press.Table of ContentsIn addition to the new edition of the Hundred Rolls, the book provides new translations of the following previously unpublished documents. Amercements in Cambridge 1176–7 The Cambridge Tallage of 1211 Amercements of the Abbot of Ramsey and William De Kantilup and Their Associates in Cambridge in 1219 Gifts (Oblata) Summary of Information in Published Editions of the Pipe Rolls Relating to People and Places in Cambridge, 1130, 1158–1224 and 1230 Selected Excerpts From Rotuli Curiae Regis, I-XX Relating to People and Places in Cambridge Selected Excerpts From Calendar of Fine Rolls I-III Relating to People and Places in Cambridge Cambridge Debts: Selected Cases From the Exchequer of the Jews, 1219–81 Cambridge: Jewish Records of Debts by People Resident In or Closely Connected to Cambridge Feets of Fines: Selected Cases Relevant to the Town of Cambridge Cambridgeshire Subsidy Rolls and Eyres Mayors and Bailiffs of Cambridge, 1263–1300 Ancient Places in Cambridge Family Dynasties of Property Owners

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Book Synopsis‘Commerce and manufactures gradually introduced order and good government,’ wrote Adam Smith in his Wealth of Nations, ‘and with them, the liberty and security of individuals.’ However, Philipp Robinson Rössner shows how, when looked at in the face of history, it has usually been the other way around. This book follows the development of capitalism from the Middle Ages through the industrial revolution to the modern day, casting new light on the areas where premodern political economies of growth and development made a difference. It shows how order and governance provided the foundation for prosperity, growth and the wealth of nations. Written for scholars and students of economic history, this is a pioneering new study that debunks the neoliberal origin myth of how capitalism came into the world.Table of Contents1. Inventing Dynamics: Political Economies of Money, Markets and Manufacturing, 1300s–1800s 2. Governing the Future: Capitalism’s Early Modern Temporalities and the Origins of Growth 3. The Myth of the Myopic State: Governing Economy and the Politics of Economic Change, 1250s–1850s 4. Configuring Free Markets: A Deeper History of Laissez-Faire 5. Money and the Rise of Modern Capitalism 6. Velocity! Money, Circulation and Economic Development, c.1250–1850 7. Creating Wealth: Homo Manufacturabilis and the Wealth of Nations 8. Manufacturing Wealth: Industrial Policy and the Rise of the European Economy, 1350–1850s Epilogue: State Capacity and Capitalism from Cain to Keynes: Money, Markets and Manufacturing

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Book SynopsisThis ambitious collection follows the evolution of capitalism from its origins in 13th-century European towns to its 16th-century expansion into Asia, Africa and South America and on to the global capitalism of modern day. Written by distinguished historians and social scientists, the chapters examine capitalism and its critics and the level of variation and convergence in its operation across locations. The authors illuminate the aspects of capitalism that have encouraged, but also limited, social responsibility and environmental sustainability. Covering times, places and topics that have often been overlooked in the existing literature, this important contribution to the field of economic history charts the most comprehensive chronology of capitalism to date.Table of Contents1. Introduction - Catherine Casson and Philipp Robinson Rössner 2. The Market as an Institution: Theory and History - Mark Casson 3. Regulating Capitalism - Philipp Robinson Rössner 4. Capitalism and State Ownership Models - Sverre A. Christensen 5. Comparative and Connected Global Capitalism(s) - Edmond Smith 6. Capitalism, Imperialism and the Emergence of an Industrialized Global Economy - Colin M. Lewis 7. Religion and Capitalism - David J. Jeremy 8. Capitalism and the Environment - Geoffrey Jones 9. Capitalism and Income Inequality - Catherine Casson 10. Conclusion - Catherine Casson and Philipp Robinson Rössner

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Book SynopsisIn today's Texas, with its growing urban populations and big-city lifestyles, it is worth remembering that in 1850 only 10 percent of Texans lived in towns with as many as 100 people. The rest - of various ethnic and racial groups - lived off the land, which was blessedly suited to a profitable variety of crops and livestock and also provided an abundance of wildlife free for the taking. In Texas Roots, C. Allan Jones reminds us that the economic wealth of modern Texas arose from its agricultural heritage, a rich mixture of practices and traditions including: Caddo hunting, gathering, gardening, and farming; Irrigated agriculture at Spanish missions; Hispanic ranching; Slave-based plantations; Small-scale farmers and ranchers; Through time, people adapted the agricultural technologies, laws, and customs of New Spain, Mexico, Europe, and the South to their own practical, institutional, and legal needs. The result was a particularly Texan system that would serve as the foundation for the state's economic strength after the Civil War. Texas Roots spotlights the connection between Texans and the land, bringing alive an aspect of the state's history that contributed immeasurably to its identity and prosperity.

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Book SynopsisArgues that the expansion of the Florentine economic market in the fifteenth century helped to undo the development of markets of other economies slowing down the economic development of northern Italy overallTrade Review"Emigh has written a very important book that will have a big impact on historical sociology. Based on first-rate research and innovative methods of analysis, she offers an incisive review of previous theories of the transition to capitalism, and shows how the dynamism and efficiencies of urban markets serve to undermine rural markets." Richard Lachmann, Department of Sociology, State University of New York at Albany "This excellent book is the culmination and synthesis of years of building-block studies by this author... The Undevelopment of Capitalism is an important book, destined to become a classic." - Journal of Interdisciplinary History "This rich and carefully argued book should shape the future study of Italian economic development and also provide a model for, and justification of, the analysis of sectoral relations in other times and places." - Journal of Comparative SociologyTable of Contents1. Capitalism and Tuscany: Investigating the Past; 2. Tuscany as a Negative Case of Transition to Capitalism; 3. Linking Sectors and Markets; 4. Smallholding: The Circulation of Property; 5. Urban Involvement in Agriculture; 6. Sharecropping: The Consolidation of Property; 7. Comparing Productivity, Income, and Indebtedness; 8. Conclusions

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Book SynopsisLaredo is a city at the crossroads of North American history. Founded by the Spanish in 1755, it has stood at the intersection of regional commerce since its earliest days. Now, John A. Adams, Jr. provides the first-ever panoramic business and economic history of Laredo. He traces the evolution of the region from its early days as a ranching center into the mid-twentieth century, when Laredo had become what it remains today: a booming port of trade and a principal center of commerce and financial services on the southern border of the United States.In ""Commerce and Conflict on the Rio Grande"" Adams demonstrates how the increasingly diversified economy of the region fed the fortunes of the city. His narrative, buttressed throughout by tables and statistics, paints a vivid mural of both the economic forces and the farsighted and ambitious individuals that combined to bring prosperity to this unique American city. Readers will find a wealth of insights into regional economics, history, and borderlands themes.

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Book SynopsisFor seven decades the General Electric Company maintained its manufacturing and administrative headquarters in Schenectady, New York. Electric City: General Electric in Schenectady explores the history of General Electric in Schenectady from the company’s creation in 1892 to the present. As one of America’s largest and most successful corporations, GE built a culture centered around the social good of technology and the virtues of the people who produced it. At its core, GE culture posited that engineers, scientists, and craftsmen engaged in a team effort to produce technologically advanced material goods that served society and led to corporate profits. Scientists were discoverers, engineers were designers and problem solvers, and craftsmen were artists.Historian Julia Kirk Blackwelder has drawn on company records as well as other archival and secondary sources and personal interviews to produce an engaging and multi-layered history of General Electric’s workplace culture and its planned (and actual) effects on community life. Her research demonstrates how business and community histories intersect, and this nuanced look at race, gender, and class sets a standard for corporate history.

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Book SynopsisMary Jo O’Rear rounds out her coastal bend trilogy with a deep and engaging look at the prehistory and history of the Texas barrier islands. In Barrier to the Bays, O’Rear captures the deep time of the islands (Mustang, Padre, and San JosÉ), the bays (Aransas, Corpus Christi, Copano, Redfish, and Nueces), and Aransas Pass. From the earliest human settlements to the twentieth century, O’Rear explores the complex interplay between people and economies struggling to survive in a region dominated by indifferent forces of nature.Barrier to the Bays opens with the natural formation and development of the barrier isles and the arrival of Native Americans, Spanish castaways, French explorers, and Catholic missionaries. European settlements on the mainland eventually led to rich commercial development of the area and its bounty as ranching, fishing, and transportation took hold. By the early twentieth century, the people of the Coastal Bend began wrestling with a new drive to create deep-water harbors along the coastline in the face of the ever-present hurricane threat. O’Rear shows that by World War II the region had settled into a kind of “practicality” as tourists and traders took their place among the denizens of the islands and bays.In addition to the stories of familiar historical figures, Barrier to the Bays stresses the importance of technology in the settlement and development of the region. “Nothing could have been achieved among the barriers and bays of the Coastal Bend without the right tools.” O’Rear underscores the importance of properly designed sailing vessels and the centrality of navigation technology as an integral part of the barrier isle story.

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Book SynopsisExamines an important novelistic genre of the early German Democratic Republic for what it tells us about the country's aspirations to remake labor affectively and thus to build a socialist society.In a series of socialist realist novels written in the early 1950s, East German authors sought to capture "the new feeling of work" under socialism, to portray the collective enthusiasm of building a new world out of the ruins of fascism and war. In the GDR, this construction literature received an ambiguous reception even at the time; in the West it was dismissed as propaganda; and it is now largely forgotten. Why revisit it now? Drawing on the theorization of living labor elaborated in Oskar Negt and Alexander Kluge's work, particularly their monumental treatise History and Obstinacy, and on contemporary Marxist feminist accounts of social reproduction theory, this book argues that East German construction literature provides us with a set of case studies in the social reorganization of work and the emotions and infrastructures that attend to it, even as these novels attempt to contain these transformations through socialist realist aesthetic strategies. The much-bemoaned awkwardness of these novels, then, is perhaps not only to be found in their didacticism but in the limits of that didacticism, where they seek both to portray and to disavow the transformation of work and the working class in the GDR. This book confronts the question: what was socialist affective labor and what could it have been?

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Book SynopsisThe Atlantic Economy during the Seventeenth and Eighteenth Centuries is a collection of essays focusing on the expansion, elaboration, and increasing integration of the economy of the Atlantic basin--comprising parts of Europe, West Africa, and the Americas--during the seventeenth and eighteenth centuries. In thirteen essays, the contributors examine the complex and variegated processes by which markets were created in the Atlantic basin and how they became integrated.While a number of the contributors focus on the economic history of a specific European imperial system, others, mirroring the realities of the world they are writing about, transcend imperial boundaries and investigate topics shared throughout the region. In the latter case, the contributors focus either on processes occurring along the margins or interstices of empires, or on ""breaches"" in the colonial systems established by various European powers. Taken together, the essays shed much-needed light on the organization and operation of both the European imperial orders of the early modern era and the increasingly integrated economy of the Atlantic basin challenging these orders over the course of the same period.Trade ReviewRosenfeld explores the causes of Roth's apartness and alienation from society, his feelings of nonidentity, and the inner conflicts that led to his premature death--and in the process, he brings the reader ever closer to this remarkable writer without a homeland."" - Choice""Thoughtful and carefully written a useful, up-to-date guide to Roth Scholarship."" - German Studies Review""The editor of the series Understanding European and Latin American Literature, which I consider an excellent autodidactic course in comparative literature has wisely included Joseph Roth, whose genius has hardly been recognized until now, over twenty years after his death. Rosenfeld includes not only synopses of Roth's numerous works but also a valuable biographical list, a nearly exhaustive bibliography, and a brilliant epilogue dealing with the enigma of Roth's ambivalent attitude toward his Galician/Jewish background and his patriotism-engendered attraction to Catholicism. Add to all this some profound insights of literary criticism, for which readers should be duly thankful."" - Robert Schwarz, World Literature Today

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Book SynopsisThis book has two broad purposes. First, it seeks to determine whether or not there is a “universal” management model through an examination of circumstance in a number of different nations and industries. Second, it brings to a wider audience some of the leading research in the field of management history. In doing so, it highlights the importance of the Management History Division of the Academy of Management in fostering and disseminating new understandings of management and its development. The book indicates that, while there has been much variance in managerial practices across time and space, we can nevertheless speak of a “universal” managerial model.Emerging in association with Britain’s Industrial Revolution, the spread of competitive pressures progressively demanded that enterprises respond in broadly common ways if they were to survive. These broad commonalities can be seen in the diverse industries that this book considers – the beef industry of the Northern Plains of the United States in the nineteenth century, the trading activities of the Dutch East India Company, the United States and Australian railroads, and the manufacturing methods of the Ford Motor Company during the early twentieth century. In each of these circumstances, industries and firms had to constantly adapt to changes in both capital and consumer markets. This is evident even in the case of the Ford Motor Company which, as James Wilson’s chapter indicates, was in its early days “flexible” rather than Fordist, constantly adjusting production and inventories in accordance with consumer demand. Such responses to global markets is also found in the realms of ideas and education, where the book’s study of trends in business education highlights the growing dominance of commercial factors and of intellectual concepts stemming from the United States.The power of management commonalities is also found in the book’s study of Australia and the United States. In Australia, governments long sought to isolate the national economy from global trends so as to boost manufacturing and local employment. Ultimately, however, this proved unsuccessful as Australian production became increasingly uncompetitive. A severe process of economic readjustment, with often adverse social effects, is also found in the book’s chapter on the United States, which highlights the major changes that have occurred since the 1960s. This book also considers how managerial organizations have been forced to adapt and the intellectual debates that have accompanied this. Finally, in Regina Greenwood’s chapter, we have an account of the Management History Division of the Academy of Management, an organization which has provided the fulcrum for the generation and dissemination of management history for the last 3 decades.

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Book SynopsisThis book has two broad purposes. First, it seeks to determine whether or not there is a “universal” management model through an examination of circumstance in a number of different nations and industries. Second, it brings to a wider audience some of the leading research in the field of management history. In doing so, it highlights the importance of the Management History Division of the Academy of Management in fostering and disseminating new understandings of management and its development. The book indicates that, while there has been much variance in managerial practices across time and space, we can nevertheless speak of a “universal” managerial model.Emerging in association with Britain’s Industrial Revolution, the spread of competitive pressures progressively demanded that enterprises respond in broadly common ways if they were to survive. These broad commonalities can be seen in the diverse industries that this book considers – the beef industry of the Northern Plains of the United States in the nineteenth century, the trading activities of the Dutch East India Company, the United States and Australian railroads, and the manufacturing methods of the Ford Motor Company during the early twentieth century. In each of these circumstances, industries and firms had to constantly adapt to changes in both capital and consumer markets. This is evident even in the case of the Ford Motor Company which, as James Wilson’s chapter indicates, was in its early days “flexible” rather than Fordist, constantly adjusting production and inventories in accordance with consumer demand. Such responses to global markets is also found in the realms of ideas and education, where the book’s study of trends in business education highlights the growing dominance of commercial factors and of intellectual concepts stemming from the United States.The power of management commonalities is also found in the book’s study of Australia and the United States. In Australia, governments long sought to isolate the national economy from global trends so as to boost manufacturing and local employment. Ultimately, however, this proved unsuccessful as Australian production became increasingly uncompetitive. A severe process of economic readjustment, with often adverse social effects, is also found in the book’s chapter on the United States, which highlights the major changes that have occurred since the 1960s. This book also considers how managerial organizations have been forced to adapt and the intellectual debates that have accompanied this. Finally, in Regina Greenwood’s chapter, we have an account of the Management History Division of the Academy of Management, an organization which has provided the fulcrum for the generation and dissemination of management history for the last 3 decades.

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Book SynopsisIn periods of intense crisis the pressing need to take sides comes to the surface and trumps neutrality. The claim to objectivity, always a little problematic, can no longer be sustained, and becomes itself a ground of confrontation as the conflicts amongst economists and constitutional lawyers show. As the world is moving towards a state of permanent crisis the engaged intellectual and the committed media are coming back (Costas Douzinas, Professor of Law and Contributor to The Guardian). This is a crucial collection that provides a new perspective on the social dimension of crisis - exemplified in the new wave of social mobilization gaining ground across the globe. The collection is an invigorating addition to the market of ideas circulating at this time of uncertainty, austerity and social change. It is an important and timely contribution to the study of social movements and the rise of direct civil action in pursuit of democracy. In this milieu of social change, Athens is its muse. This book is one of the first collections of chapters devoted to the specificities of Greece's crisis in English that does not focus solely on economics. Its scope and intention aligns it with other recently published books on the 'Arab Spring' and the 'Occupy' movements, although its register moves away from journalistic commentary to academic considerations of futurity and the potential of the city to reinvent itself. This makes it a unique interdisciplinary project with a broad appeal.

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Book Synopsis'This book is a must for anyone interested in the concept of social capital.'- Martin Seeleib-Kaiser, University of Oxford, UK The book investigates the determinants of social capital across 85 European regions capturing the renewed interest among social capital theorists for the importance of active secondary groups in supporting the correct functioning of society and its democratic institutions. Robert Putnam merged quantitative and historical analyses, suggesting that the lack of social capital in the south of Italy was mainly due to a peculiar historical development rather than being the product of a mix of structural socio-economic factors, a conclusion that has been the subject of fierce criticism and debate. Emanuele Ferragina analyzes the influence of income inequality, economic development, labor market participation and national divergence. By complementing these socio-economic explanations with a comparative historic-institutional analysis between two deviant cases (Wallonia and the south of Italy) and two regular cases (Flanders and the north east of Italy), the findings suggest that income inequality, labor market participation and national divergence are important factors in explaining the lack of social capital. Furthermore, the traditional historical determinism is refuted with the formulation of the sleeping social capital theory. Sociologists, political scientists, economic historians and scholars interested in comparative methods and European politics and policy will find this informative book invaluable.Trade Review'The quantitative survey of social capital at the regional level is an original contribution that opens a fresh geographic perspective on the literature in this field. Moving beyond the statistical representation of regional patterns his use of case studies illuminates how local culture and historical contexts influence the manifestations of social capital. This volume breaks new ground challenging conventional analysis to advance our understanding of social capital.' --Neil Gilbert, University of California, Berkeley, US'Social Capital in Europe dismantles Robert Putnam's theoretical model by critically discussing the most prominent international literature in the field and by analyzing a large bulk of empirical and historical evidence. According to Putnam, the lack of social capital in the South of Italy dates back to medieval history. His ''historical determinism'', that seems to erase every influence of contemporary social phenomena, is largely contradicted by Ferragina.' --Piero Bevilacqua, University of Rome, Italy'The concept of social capital has enjoyed increasing vogue among social scientists. Historians have been mobilized to support the importance of this concept in various ways, and in turn they have increasingly relied on it. The historian will find in this book both a definitive guide to the theoretical debate behind this controversial concept and an impressive demonstration of how it can be used to produce comparative historical analysis.' --Agostino Inguscio, Yale University, USTable of ContentsContents: Preface Part I: The Methodological Toolbox 1. Introduction 2. Measuring Social Capital 3. Why We Need a Regional Analysis Part II: The Socio-Economic Analysis 4. Social Capital in European Regions 5. The Determinants of Social Capital 6. Explaining Social Capital Variation Across Europe Part III: The Divergent Cases 7. Why Does Social Capital ‘Sleep’? 8. Fraternal Twins: Institutional Evolution and Social Capital 9. Conclusion Bibliography Index

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Book SynopsisMost macroeconomists agree that we live in the age of microfoundations. The recent worldwide financial crisis may have emboldened critics of this microfoundational orthodoxy, but it remains the dominant view that macroeconomic models must go beyond supply and demand functions to the level of individual decision-making, taking into account the general dynamic environment where agents live. Microfoundations Reconsidered seeks to reassess how the relationship of micro and macroeconomics evolved over time. The highly regarded contributors to the book argue that the standard narrative of microfoundations is likely to be unreliable. They therefore re-examine the history of the relationship of microeconomics and macroeconomics, starting from their emergence as self-consciously distinct fields within economics in the early 1930s. They seek to go beyond the conventional history that is often told and written by practicing economists. From different perspectives they challenge the association of microfoundations with Robert Lucas and rational expectations and offer both a more complete and a deeper reading of the relationship between micro and macroeconomics. Microfoundations Reconsidered is a valuable addition to the macroeconomic research literature. It is ideally suited to students, scholars, researchers, and practitioners with an interest in macro and microeconomics and the history of economics. Contributors: M. De Vroey, P. Garcia Duarte, D.W. Hands, K.D. Hoover, R. Leonard, G.T. Lima, P.E. MirowskiTrade Review‘. . . this book is very well done. The coverage is in-depth and serious, coming from several different angles methodologically and historically. All the essays are thoughtful and well informed, the net result, indeed, to make clear the foundations of the microfoundations-to-macro approach and its various forms and complications. Deeply informative and mot worthy of serious attention and consideration in this well-edited and -written book.' -- J. Barkley Rosser, Jr., Journal of the History of Economic ThoughtTable of ContentsContents: Foreword John B. Davis Introduction: Privileging Micro Over Macro? A History of Conflicting Positions Pedro Garcia Duarte and Gilberto Tadeu Lima 1. Microfoundational Programs Kevin D. Hoover 2. From Foundational Critique to Fictitious Players: The Curious Odyssey of Oskar Morgenstern Robert Leonard 3. The Rise and Fall of Walrasian Microeconomics: The Keynesian Effect D. Wade Hands 4. The Cowles Commission as an Anti-Keynesian Stronghold 1943–54 Philip E. Mirowski 5. Microfoundations: A Decisive Dividing Line between Keynesian and New Classical Macroeconomics? Michel De Vroey 6. Not Going Away? Microfoundations in the Making of a New Consensus in Macroeconomics Pedro Garcia Duarte Index

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Book SynopsisMarkets, Planning and the Moral Economy examines the rise of the Progressive movement in the United States during the early decades of the 20th century, particularly the trend toward increased government intervention in the market system that culminated in the establishment of President Roosevelt's New Deal programs. The authors consult writings from politicians, business leaders, and economists of the time, using a variety of historical perspectives to illuminate the conflicting viewpoints that arose as the country struggled to recover from the worst economic downturn in its history.This fascinating historical study explores the conflict between what the authors identify as two competing ideologies: the market economy, whose proponents advocated a hands-off approach and a trust in allowing the markets to adjust themselves, and the moral economy, whose supporters favored a system of government planning and stewardship designed to promote economic fairness. Presenting arguments from each side by public figures and intellectuals, this book offers the most thorough and complete analysis to date of the new economic discourse that arose during the Progressive movement and remains a vital component of our economic and political discussions today. Professors and students of economics, political science, public policy, and history will all find much to admire in this fascinating and accessible volume. Scholars from across the world will also find this book helpful in contemplating the long-term effects that the tension between the market economy and the moral economy can have on an individual country s economic system.Contents: 1. Introduction: The Moral Economy versus the Market Economy 2. The Moral Economy in the 19th Century: Bellamy versus Sumner 3. The Business Cycle: A Moral Economy Perspective 4. The Business Cycle: A Market Economy Perspective 5. The Progressive Push for Planning: 1900 to 1920 6. The Progressive Push for Planning: 1920 to 1930 7. The Great Depression 8. Franklin Delano Roosevelt and the Moral Economy 9. The National Industrial Recovery Act: Moral Economy Perspectives 10. The National Industrial Recovery Act: Market Economy Perspectives 11. The Aftermath of the National Industrial Recovery Act 12. Keynes, Fiscal Policy and Planning 13. The New Deal and Planning Epilogue: The Moral Economy in the 21st Century Bibliography IndexTrade Review'Informative and insightful and deserve attention from scholars in the fields of economic history, philosophy of economics, and public policy' -- Kevin Schmiesing, History and Philosophy of Economics‘Stabile and Kozak provide an excellent analysis of debates and evolving views about the economy during the Progressive Era and the New Deal. . . Highly recommended.’ -- M. Perelman, ChoiceTable of ContentsContents: 1. Introduction: The Moral Economy versus the Market Economy 2. The Moral Economy in the Nineteenth Century: Bellamy versus Sumner 3. The Business Cycle: Moral Economy Perspectives 4. The Business Cycle: Market Economy Perspectives 5. The Progressive Push for Planning: 1900 to 1920 6. The Progressive Push for Planning: 1920 to 1930 7. The Great Depression 8. Franklin Delano Roosevelt and the Moral Economy 9. The National Industrial Recovery Act: Moral Economy Perspectives 10. The National Industrial Recovery Act: Market Economy Perspectives 11. The Aftermath of the National Industrial Recovery Act 12. Keynes, Fiscal Policy and Planning 13. The New Deal and Planning 14. Epilogue: The Moral Economy in the Twenty-first Century Bibliography Index

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Book SynopsisAt a time of renewed interest in Keynes, this volume provides an illuminating and forward-looking collection of papers. They explain the meaning of Keynes s great contribution and also show how that contribution can be developed further for application to modern economic policy issues. Most important, the papers explain the ways in which Keynes's methodological approach is so different from that which continues to dominate mainstream economics and how productive it would be if that approach were applied to our modern experience.'- Sheila Dow, University of Stirling, UK'This book celebrates the 75th anniversary of Keynes's General Theory, which has proved yet again to be an endless source of inspiration. These authors take The General Theory as a point of departure from which to address the problems of today from fresh perspectives. This volume is indeed Keynes for today - and tomorrow.'- Victoria Chick, University College London, UK'Keynes's General Theory for Today is a fine set of thoughtful and highly relevant essays. They relate several ideas of Keynes to today's happenings, putting forward modifications and extensions to take into account both short-term and long-term happenings in advanced capitalist economies. Especially useful are the investigations of Keynes's revolutionary methods of reasoning in economics, long abandoned by orthodox economists, to the great detriment of our understanding of what is happening and what may be done about it. These essays should be required reading for students, teachers and policy makers alike.'- G.C. Harcourt, University of New South Wales, AustraliaThe themes of this important new volume were chosen to mark the 75th anniversary of the publication of The General Theory of Employment, Interest and Money. The distinguished authors concentrate on the relevance of this seminal publication for macroeconomic theory, method and the politics of today. This is particularly pertinent as similarities with the 1930s are striking in terms of unemployment, low growth, financial fragility and the European monetary union resembling the gold standard.Illustrating new ways of understanding the importance of uncertainty in macroeconomics, particularly in view of the importance of finance and balance of payments imbalances within a monetary union, this book will prove a stimulating and challenging read for academics, researchers and students of macroeconomics, heterodox economics, and the methodology and history of economic thought.Contributors include: A. Carabelli, E. De Antoni, J. Galbraith, M. Hayes, J. Jespersen, M. Laine, N. Levy-Orlik, M.O. Madsen, T.D. Togati, A. Truger, J. Uxó, S. VossTrade Review'At a time of renewed interest in Keynes, this volume provides an illuminating and forward-looking collection of papers. They explain the meaning of Keynes's great contribution and also show how that contribution can be developed further for application to modern economic policy issues. Most important, the papers explain the ways in which Keynes's methodological approach is so different from that which continues to dominate mainstream economics and how productive it would be if that approach were applied to our modern experience.' - Sheila Dow, University of Stirling, UK 'This book celebrates the 75th anniversary of Keynes's General Theory, which has proved yet again to be an endless source of inspiration. These authors take The General Theory as a point of departure from which to address the problems of today from fresh perspectives. This volume is indeed Keynes for today - and tomorrow.' - Victoria Chick, University College London, UK 'Keynes's General Theory for Today is a fine set of thoughtful and highly relevant essays. They relate several ideas of Keynes to today's happenings, putting forward modifications and extensions to take into account both short-term and long-term happenings in advanced capitalist economies. Especially useful are the investigations of Keynes's revolutionary methods of reasoning in economics, long abandoned by orthodox economists, to the great detriment of our understanding of what is happening and what may be done about it. These essays should be required reading for students, teachers and policy makers alike.' --- G.C. Harcourt, University of New South Wales, AustraliaTable of ContentsContents: Introduction Jesper Jespersen and Mogens Ove Madsen 1. The General Theory: A Neglected Work?! M.G. Hayes 2. The Final Death and Next Life of Maynard Keynes James Galbraith 3. The Crisis in Macro and the Limitations of the Economics of Keynes – or Why the Master will not Return Unless his General Theory is Dressed up in Neo-modern Clothes Teodoro Dario Togati 4. Keynes on Method: Is Economics a Moral Science? Michael Lainé 5. A New Methodological Approach to Economic Theory: What I Have Learnt from 30 Years of Research on Keynes Anna Carabelli 6. Keynes’s Early Cognition of the Concept of Time Mogens Ove Madsen 7. When Keynes and Minsky Meet Mandelbrot. . . Stefan Voss 8. Keynes’s General Theory After 75 Years: Time to Re-read and Reflect Jesper Jespersen 9. The General Theory After the Sub-prime Crisis: A Minskyan Perspective Elisabetta De Antoni 10. Keynes’s Views in Financing Economic Growth: The Role of Capital Markets in the Process of Funding Noemi Levy-Orlik 11. Nothing Learned from the Crisis? Some Remarks on the Stability Programmes 2011–2014 of the Euro Area Governments Gregor Semieniuk, Till van Treeck and Achim Truger 12. European Economic Policy and the Problem of Current Account Imbalances: The Case of Germany and Spain Jorge Uxó, Jesús Paúl and Eladio Febrero Index

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Book SynopsisBusiness historians and economic historians frequently contribute to our understanding of strategic management, and strategy scholars often rely on a deep understanding of historical context to make sense of classic strategy issues. Historically, the two sets of scholars have not always communicated with each other as effectively as one might hope. They also have different approaches to methodology and assessment of validity of results, which adds to this 'two solitudes'. In this volume, strategy scholars, business historians, and economic historians are brought together to develop a volume that explores the complementarities of approaches.Table of ContentsIntroduction: The Integration of History and Strategy Research Steven J. Kahl, Brian S. Silverman and Michael A. Cusumano Part I: History, Strategy, and Innovation Economic Experiments and the Development of Wi-Fi Shane Greenstein Platforms versus Products: Observations from the Literature and History Michael A. Cusumano Patent Pools: Licensing Strategies in the Absence of Regulation Ryan Lampe & Petra Moser Part II: History and Industry Evolution: Convergence, Divergence, and Institutional Background Marrying History and Social Science in Strategy Research Johann Peter Murmann The evolution of alternative business models and the Legitimization of Universal Credit Card Industry: Exploring the contested terrain where history and strategy meet Huseyin Leblebici Strategy Followed Structure: Management Consulting and the Creation of a Market for 'Strategy,' 1950-2000 Christopher McKenna Strategy, Ideology and Structure: The political processes of introducing the M-form in two Dutch banks Matthias Kipping & Gerarda Westerhuis Part III: Analytic Narratives: Historical Narrative meets Economic and Sociological Theory History in Strategy Research: What, Why, and How? Paul Ingram, Hayagreeva Rao & Brian S. Silverman Audience Structure and the Failure of Institutional Entrepreneurship Steven J. Kahl, JoAnne Yates & Greg Liegel Orphaned Jazz: Short-Lived Startups and the Long-Run Success of Depression-Era Cultural Products Damon J. Phillips

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Book SynopsisThis book explores the roles played by entrepreneurship and multinational enterprises in the development of the modern global world. Through a combination of new and previously published essays charting business developments from the nineteenth century onward, the author demonstrates how multinational corporations have driven globalization through the transfer of innovation and cultural values. The chapters include studies of global industries and major corporations, including Beiersdorf and Unilever, and explore economic and corporate development in specific countries, such as India, Iran and Turkey. Merging rich historical evidence with discussion of the current state of global business, this book reveals how examining entrepreneurial activity and multinational strategies deepen explanations of historical and global patterns of wealth and poverty. It offers compelling new perspectives on current debates about globalization from one of the most prominent scholars in the field of business history. This volume will appeal to students and professors of economics, entrepreneurship, international business and history as well as anyone with an interest in understanding the past, present and future of globalization.Trade ReviewHarvard Business School Professor Geoffrey Jones has long been a student of the history of multinational enterprise. He has taken a leadership role in the field. This volume reflects the extraordinary breadth of his historical research, spanning continents and industries. His focus is on the firm as an actor on the stage of the history of globalization. This book contains a selection of his unpublished and published articles. Of special interest is his updated previously unpublished 2006 talk that explores how firms and entrepreneurs fit into the scholarly debates on the Great Divergence between the West and the Rest. This is a splendid collection. --Mira Wilkins, Florida International UniversityTable of ContentsContents: Preface 1. Business Enterprises and the Making of the Modern World 2. Entrepreneurs, Firms, and Global Wealth since 1850 3. Globalization and Beauty: A Historical and Firm Perspective 4. US MNEs in British Manufacturing Before 1962 5. The Imperial Bank of Iran and Iranian Economic Development, 1890–1952 6. MNEs, Economic Development, and Social Change in Asia 7. Managing Political Risk in Global Business: Beiersdorf 1914–90 8. Learning to Live with Governments: Unilever in India and Turkey, 1950–80 9. The End of Nationality? Global Firms and Borderless Worlds Bibliography Index

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Book SynopsisThis comprehensive two-volume collection includes seminal and classic articles that are key in the development of economic analysis of the distribution of wealth. Volume I discusses measurement of the distribution of wealth and analyses the time trends in wealth concentration and the importance of the role of inheritance. Theoretical approaches, including both stochastic and behavioural models are also explored. Volume II continues with articles on the determinants of saving and bequests whilst analysing life cycle and permanent income studies, as well as the role of entrepreneurship and taxation. It also includes key contributions to the controversy over the relative importance of inherited vs. self-made wealth.Along with a new and original introduction by the editor, these volumes are an indispensable tool for scholars and practitioners alike.Trade Review‘This is a wonderful compendium of classic articles about the distribution of wealth from both empirical and theoretical perspectives. Scholars will want to have it on their bookshelf.’ -- Stephen P. Jenkins, London School of Economics and Political Science, UKTable of ContentsContents: Volume I Acknowledgements Introduction James B. Davies PART I MEASUREMENT AND TRENDS 1. C.D. Harbury and P.C. McMahon (1973), ‘Inheritance and the Characteristics of Top Wealth Leavers in Britain’ 2. A.F. Shorrocks (1975), ‘The Age-Wealth Relationship: A Cross-Section and Cohort Analysis’ 3. Paul L. Menchik (1980), ‘Primogeniture, Equal Sharing and the U.S. Distribution of Wealth’ 4. Laurence J. Kotlikoff and Lawrence H. Summers (1981), ‘The Role of Intergenerational Transfers in Aggregate Accumulation’ 5. Edward N. Wolff (1987), ‘The Effects of Pensions and Social Security on the Distribution of Wealth in the US’ 6. Franco Modigliani (1988), ‘The Role of Intergenerational Transfers and Life-Cycle Saving in the Accumulation of Wealth’ 7. Anthony B. Atkinson, James P.F. Gordon and Alan Harrison (1989), ‘Trends in the Shares of Top Wealth Holders in Britain, 1923–1981’ 8. Wojciech Kopczuk and Emmanuel Saez (2004), ‘Top Wealth Shares in the United States, 1916–2000: Evidence from Estate Tax Returns’ 9. Jesper Roine and Daniel Waldenström (2009), ‘Wealth Concentration over the Path of Development: Sweden, 1873–2006’ 10. Anthony B. Atkinson (2008), ‘Concentration Among the Rich’ 11. Edward N. Wolff and Ajit Zacharias (2009), ‘Household Wealth and the Measurement of Economic Well-Being in the United States’ 12. James B. Davies, Susanna Sandstöm, A.F. Shorrocks and Edward N. Wolff (2011), ‘The Level and Distribution of Global Household Wealth’ 13. Thomas Piketty (2011), ‘On the Long-Run Evolution of Inheritance: France 1820–2050’ PART II THEORETICAL APPROACHES 14. H.O.A. Wold and P. Whittle (1957), ‘A Model Explaining the Pareto Distribution of Wealth’ 15. J.E. Stiglitz (1969), ‘Distribution of Income and Wealth Among Individuals’ 16. Alan S. Blinder (1973), ‘A Model of Inherited Wealth’ 17. John Laitner (1979), ‘Household Bequest Behaviour and the National Distribution of Wealth’ 18. Gary S. Becker and Nigel Tomes (1979), ‘An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility’ 19. Franco Modigliani (1986), ‘Life Cycle, Individual Thrift, and the Wealth of Nations’ 20. Anthony F. Shorrocks (1988), ‘Wealth Holdings and Entrepreneurial Activity’ 21. Cyrus Chu (1991), ‘Primogeniture’ 22. Neng Wang (2007), ‘An Equilibirum Model of Wealth Distribution’ 23. Jess Benhabib, Alberto Bisin and Shenghao Zhu (2011), ‘The Distribution of Wealth and Fiscal Policy in Economies with Finitely Lived Agents’ Volume II Acknowledgements An Introduction by the editor appears in volume I PART I SAVINGS AND BEQUESTS: EMPIRICAL ANALYSIS OF BEHAVIOUR 1. Nigel Tomes (1981), ‘The Family, Inheritance, and the Intergenerational Transmission of Inequality’ 2. B. Douglas Bernheim, Andrei Shleifer and Lawrence H. Summers (1985), ‘The Strategic Bequest Motive’ 3. Michael D. Hurd (1989), ‘Mortality Risks and Bequests’ 4. Douglas B. Bernheim (1991), ‘How Strong are Bequest Motives? Evidence Based on the Demand for Life Insurance and Annuities’ 5. Donald Cox and Mark R. Rank (1992), ‘Inter-Vivos Transfers and Intergenerational Exchange’ 6. William G. Gale and John Karl Scholz (1994) ‘Intergenerational Transfers and the Accumulation of Wealth’ 7. R. Glenn Hubbard, Jonathan Skinner and Stephen P. Zeldes (1995), ‘Precautionary Saving and Social Insurance’ 8. John Laitner and F. Thomas Juster (1996), ‘New Evidence on Altruism: A Study of TIAA-CREF Retirees’ 9. Wojciech Kopczuk and Joseph P. Lupton (2007), ‘To Leave or Not to Leave: The Distribution of Bequest Motives’ 10. Karen E. Dynan, Jonathan Skinner and Stephen P. Zeldes (2004), ‘Do the Rich Save More?’ 11. Audrey Light and Kathleen McGarry (2004), ‘Why Parents Play Favourites: Explanations for Unequal Bequests’ PART II SIMULATION 12. A.B. Atkinson (1971), ‘The Distribution of Wealth and the Individual Life Cycle’ 13. Frederic L. Pryor (1973), ‘Simulation of the Impact of Social and Economic Institutions on the Size Distribution of Income and Wealth 14. James B. Davies (1982), ‘The Relative Impact of Inheritance and Other Factors on Economic Inequality’ 15. Mark Huggett (1996), ‘Wealth Distribution in Life-cycle Economies’ 16. Vincenzo Quadrini (2000), ‘Entrepreneurship, Saving and Social Mobility’ 17. Jagadeesh Gokhale, Laurence J. Kotlikoff, James Sefton and Martin Weale (2001), ‘Simulating the Transmission of Wealth Inequality Via Bequests’ 18. Mariacristina De Nardi (2004), ‘Wealth Inequality and Intergenerational Links’ PART III TAXATION AND THE DISTRIBUTION OF WEALTH 19. Jack M. Mintz (1991), ‘The Role of Wealth Taxation in the Overall Tax System’ 20. Louis Kaplow (2001), ‘A Framework for Assessing Estate and Gift Taxation’ 21. Wojciech Kopczuk (2003), ‘The Trick is to Live: Is the Estate Tax Social Security for the Rich?’ 22. B. Douglas Bernheim, Robert J. Lemke and John Karl Scholz (2004), ‘Do Estate and Gift Taxes Affect the Timing of Private Transfers?’ 23. Marco Cagetti and Mariacristina De Nardi (2009), ‘Estate Taxation, Entrepreneurship and Wealth’ 24. Wojciech Kopczuk (2009), ‘Economics of Estate Taxation: Review of Theory and Evidence’

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Book SynopsisMost macroeconomists agree that we live in the age of microfoundations. The recent worldwide financial crisis may have emboldened critics of this microfoundational orthodoxy, but it remains the dominant view that macroeconomic models must go beyond supply and demand functions to the level of individual decision-making, taking into account the general dynamic environment where agents live. Microfoundations Reconsidered seeks to reassess how the relationship of micro and macroeconomics evolved over time. The highly regarded contributors to the book argue that the standard narrative of microfoundations is likely to be unreliable. They therefore re-examine the history of the relationship of microeconomics and macroeconomics, starting from their emergence as self-consciously distinct fields within economics in the early 1930s. They seek to go beyond the conventional history that is often told and written by practicing economists. From different perspectives they challenge the association of microfoundations with Robert Lucas and rational expectations and offer both a more complete and a deeper reading of the relationship between micro and macroeconomics. Microfoundations Reconsidered is a valuable addition to the macroeconomic research literature. It is ideally suited to students, scholars, researchers, and practitioners with an interest in macro and microeconomics and the history of economics. Contributors: M. De Vroey, P. Garcia Duarte, D.W. Hands, K.D. Hoover, R. Leonard, G.T. Lima, P.E. MirowskiTrade Review‘. . . this book is very well done. The coverage is in-depth and serious, coming from several different angles methodologically and historically. All the essays are thoughtful and well informed, the net result, indeed, to make clear the foundations of the microfoundations-to-macro approach and its various forms and complications. Deeply informative and mot worthy of serious attention and consideration in this well-edited and -written book.' -- J. Barkley Rosser, Jr., Journal of the History of Economic ThoughtTable of ContentsContents: Foreword John B. Davis Introduction: Privileging Micro Over Macro? A History of Conflicting Positions Pedro Garcia Duarte and Gilberto Tadeu Lima 1. Microfoundational Programs Kevin D. Hoover 2. From Foundational Critique to Fictitious Players: The Curious Odyssey of Oskar Morgenstern Robert Leonard 3. The Rise and Fall of Walrasian Microeconomics: The Keynesian Effect D. Wade Hands 4. The Cowles Commission as an Anti-Keynesian Stronghold 1943–54 Philip E. Mirowski 5. Microfoundations: A Decisive Dividing Line between Keynesian and New Classical Macroeconomics? Michel De Vroey 6. Not Going Away? Microfoundations in the Making of a New Consensus in Macroeconomics Pedro Garcia Duarte Index

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Book SynopsisThis important textbook offers a comprehensive look into the two main traditions in contemporary macroeconomics ? New Classical and Keynesian ? and examines the work of economists who have drawn on principles from both traditions to form a new, integrated approach known as New Neoclassical Synthesis. Importantly, this provides the theoretical foundation for much of current mainstream economics and the work done by central banks around the world. With a dual focus on research methods and policy applications, this book bridges the gap between intermediate macroeconomic and advanced graduate-level texts, making it an ideal resource for senior undergraduate and Masters students in applied economics programs. Key topics include:? a concise summary of intermediate macroeconomics, including the foundational ideas of both the New Classical and Keynesian traditions? the Lucas critique of standard methods for evaluating policy design? debt sustainability and austerity vs. stimulation debate? optimal inflation rates? tax reform and growth analysis? alternative monetary policies for pursuing price stability? theories of unemployment.Students and instructors will find additional useful resources on the book?s companion website, including practice questions for each chapter.Trade Review‘This is an excellent book, actually the book, for the beginning graduate student who wants to keep up with the often confusing journal literature and the twists and turns of the intellectual debate. Now into a fourth edition, the “Scarth Express”, as we used to say circa 1975, is still going strong. This was a reference to the speed at which the material was delivered, in class, on a blackboard. No such problems for the reader of this volume.’ -- John Smithin, York University, Canada‘Most introductions to modern macroeconomics are quite technical, teaching advanced research methods. Others are more general, focusing instead on historical perspective and the major differences between several approaches, and so avoiding detailed derivations. Scarth’s book accomplishes both of these objectives, while maintaining the reader's interest with a strong emphasis on applied policy questions.’ -- Richard Lipsey, Simon Fraser University, CanadaTable of ContentsContents: 1. Keynes and the Classics 2. The First Neoclassical Synthesis 3. Model-Consistent Expectations 4. The Micro-Foundations of Modern Macroeconomics 5. The Challenge of New Classical Macroeconomic 6. The New Neoclassical Synthesis 7. Stabilization Policy Controversies 8. Structural Unemployment 9. Unemployment and Low Incomes: Applying the Theory 10. Traditional Growth Theory 11. New Growth Theory 12. Growth Policy References Index

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Book SynopsisThis important textbook offers a comprehensive look into the two main traditions in contemporary macroeconomics ? New Classical and Keynesian ? and examines the work of economists who have drawn on principles from both traditions to form a new, integrated approach known as New Neoclassical Synthesis. Importantly, this provides the theoretical foundation for much of current mainstream economics and the work done by central banks around the world. With a dual focus on research methods and policy applications, this book bridges the gap between intermediate macroeconomic and advanced graduate-level texts, making it an ideal resource for senior undergraduate and Masters students in applied economics programs. Key topics include:? a concise summary of intermediate macroeconomics, including the foundational ideas of both the New Classical and Keynesian traditions? the Lucas critique of standard methods for evaluating policy design? debt sustainability and austerity vs. stimulation debate? optimal inflation rates? tax reform and growth analysis? alternative monetary policies for pursuing price stability? theories of unemployment.Students and instructors will find additional useful resources on the book?s companion website, including practice questions for each chapter.Trade Review‘This is an excellent book, actually the book, for the beginning graduate student who wants to keep up with the often confusing journal literature and the twists and turns of the intellectual debate. Now into a fourth edition, the “Scarth Express”, as we used to say circa 1975, is still going strong. This was a reference to the speed at which the material was delivered, in class, on a blackboard. No such problems for the reader of this volume.’ -- John Smithin, York University, Canada‘Most introductions to modern macroeconomics are quite technical, teaching advanced research methods. Others are more general, focusing instead on historical perspective and the major differences between several approaches, and so avoiding detailed derivations. Scarth’s book accomplishes both of these objectives, while maintaining the reader's interest with a strong emphasis on applied policy questions.’ -- Richard Lipsey, Simon Fraser University, CanadaTable of ContentsContents: 1. Keynes and the Classics 2. The First Neoclassical Synthesis 3. Model-Consistent Expectations 4. The Micro-Foundations of Modern Macroeconomics 5. The Challenge of New Classical Macroeconomic 6. The New Neoclassical Synthesis 7. Stabilization Policy Controversies 8. Structural Unemployment 9. Unemployment and Low Incomes: Applying the Theory 10. Traditional Growth Theory 11. New Growth Theory 12. Growth Policy References Index

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Book SynopsisThis is a wonderful book to read that analyzes an idiosyncratic and polymath economist that hardly left his audiences or his readers indifferent. Those who knew Mark Blaug will recognize the man, the intellectual, the economist, and the historian of ideas in the chapters included in the volume. Those that never had the privilege to meet him will have the opportunity to understand why he became such a significant figure in economics over much of the second half of the twentieth century.'- Pedro Teixeira, University of Porto, Portugal'Mark Blaug was a nonpareil - a fine economist, an extraordinary scholar, an indefatigable editor, a generous colleague, a fierce debater. His passing was a sad loss for economics and for the history of economics. This volume, a kind of Mark Blaug in Retrospect, is a fitting memorial that, at once, captures his many parts and the wide range and depth of his thought.'- Kevin D. Hoover, Duke University, US and Editor of the History of Political Economy 'Mark Blaug was a short man with a great soul: he was a thinking person's economist with an uncanny ability to capture the big picture(s) in a few precise words. His zest for living expressed itself, in part, in his love of argument and the lifelong intellectual (and sometimes personal) mentoring of his interlocutors. The chapters in this volume, written by many of his former students and intellectual peers, lovingly and critically recall the man s life and his ideas. Jointly they introduce his wide-ranging views and interests to new generations of readers. They have the capacity to startle those of us who think we know.'- Eric Schliesser, Ghent University, Belgium'Mark Blaug had an exceptional knowledge of the history of economics and a critical interest in the assumptions and judgements (often implicit) that underlie the work of economists past and present. The contributors to this volume illustrate the influence of Mark and his ideas, demonstrating their continuing relevance to all who recognise the powerful influence on the substantive content of economics of the methods by which it is developed and appraised.'- Brian Loasby, Stirling University, UKThis book celebrates the immense contributions of Mark Blaug to every aspect of economics, a discipline in which his influence and relevance still resonate today, particularly in the field of the economics of education.This collection of eminent contributions discusses the ideas and works of Mark Blaug, who has made important and often pioneering contributions to economic history, economic methodology, the economics of education, development economics, cultural economics, economic theory and the history of economic thought. Besides these assessments of Blaug's influence and impact in these fields, this volume also contains a selection of personal portraits which depict him as a colleague, a friend and an opponent. Blaug was also a voracious reader and prolific writer, which is clearly evidenced by the comprehensive bibliography.A thought-provoking and stimulating collection of essays and dedications to Mark Blaug, this book will appeal to anyone interested in the history, culture and philosophy of economics.Contributors: R.E. Backhouse, M. Boumans, B. Caldwell, J.B. Davis, E. Dekker, V. Ginsburgh, C. Handke, D.W. Hands, G.M. Hodgson, M. Klaes, D. Laidler, R.G. Lipsey, H. Maas, J. Maloney, T. Mayer, A. Peacock, A. Salanti, R. Towse, J. VromenTrade ReviewBlaug was a fierce combatant and relished intellectual disputes. Since he would have found no rhetorical praise in the various contributions of this book, but a frank discussion of his hits and misses, we venture to say that he would have enjoyed the content of this book and not simply its title. We liked it and surely many readers will too.'--Neri Salvadori and Rodolfo Signorino, Journal of the History of Economic Thought'This is a wonderful book to read that analyzes an idiosyncratic and polymath economist that hardly left his audiences or his readers indifferent. Those who knew Mark Blaug will recognize the man, the intellectual, the economist, and the historian of ideas in the chapters included in the volume. Those that never had the privilege to meet him will have the opportunity to understand why he became such a significant figure in economics over much of the second half of the twentieth century.'--Pedro Teixeira, University of Porto, Portugal'Mark Blaug was a nonpareil - a fine economist, an extraordinary scholar, an indefatigable editor, a generous colleague, a fierce debater. His passing was a sad loss for economics and for the history of economics. This volume, a kind of Mark Blaug in Retrospect, is a fitting memorial that, at once, captures his many parts and the wide range and depth of his thought.'--Kevin D. Hoover, Duke University, US and Editor of the History of Political Economy'Mark Blaug was a short man with a great soul: he was a thinking person's economist with an uncanny ability to capture the big picture(s) in a few precise words. His zest for living expressed itself, in part, in his love of argument and the lifelong intellectual (and sometimes personal) mentoring of his interlocutors. The chapters in this volume, written by many of his former students and intellectual peers, lovingly and critically recall the man's life and his ideas. Jointly they introduce his wide-ranging views and interests to new generations of readers. They have the capacity to startle those of us who think we know.'--Eric Schliesser, Ghent University, Belgium'Mark Blaug had an exceptional knowledge of the history of economics and a critical interest in the assumptions and judgements (often implicit) that underlie the work of economists past and present. The contributors to this volume illustrate the influence of Mark and his ideas, demonstrating their continuing relevance to all who recognise the powerful influence on the substantive content of economics of the methods by which it is developed and appraised.'--Brian Loasby, Stirling University, UK'Mark Blaug is responsible more than anyone else for the rise of the history and philosophy of economics as independent, mature fields of research. During his lifetime, he influenced directly three generations of scholars and many more will continue to benefit from his legacy in the future. Some of the best historians and methodologists of economics pay homage to Blaug with essays that have been especially prepared for this occasion. Blaug would have been delighted and so will the readers of this volume.'--Francesco Guala, University of Milan, Italy'This is a wonderful collection honouring the memory of Mark Blaug, an intellectual "giant" among economists. It includes a series of personal appreciations, which give an engaging sense of the man and pay tribute to the diversity and extent of his contributions. Many chapters focus on two of the areas in which he exercised strong leadership - methodology and history of thought - taking forward debate on issues with which he had engaged. Mark Blaug's important influence on cultural economics is also addressed.'--Sheila Dow, Stirling University, UKTable of ContentsContents: Foreword Alan Peacock 1. Introduction Marcel Boumans and Matthias Klaes PART I: PERSONAL APPRECIATIONS 2. Memorial Address John Maloney 3. Producing Pearls of Wisdom: A Memoir of Mark Blaug’s Work Ruth Towse 4. Remembering Mark Blaug Bruce Caldwell 5. Remembering Mark Blaug Thomas Mayer PART II: MARK BLAUG’S IDEAS IN RETROSPECT 6. Some Contentious Issues in Theory and Policy in Memory of Mark Blaug Richard G. Lipsey 7. Mark Blaug on the Quantity Theory: A Skirmish on the Border between Science and Ideology in the History of Economic Thought David Laidler 8. Dr Blaug’s Diagnosis: Is Economics Sick? Geoffrey M. Hodgson 9. Competition as an Evolutionary Process: Mark Blaug and Evolutionary Economics Jack Vromen 10. A 2x2=4 Hobby Horse: Mark Blaug on Rational and Historical Reconstructions Harro Maas 11. Understanding Mark Blaug’s Attitude Towards Sraffian Economics Roger E. Backhouse 12. Mark Blaug on the Historiography of Economics John B. Davis 13. An Unrepentant Lakatosian Marcel Boumans 14. Between the Scylla of Whig History and the Charybdis of Methodological Vacuum Andrea Salanti 15. Mark Blaug and the Economics of the Arts Victor Ginsburgh 16. From Austria to Australia: Mark Blaug and Cultural Economics Christian Handke and Erwin Dekker 17. GP08 is the New F53: Gul and Pesendorfer’s Methodological Essay from the Viewpoint of Blaug’s Popperian Methodology D. Wade Hands Bibliography of Mark Blaug’s Publications Index

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Book SynopsisIn this challenging book, John King makes a sustained and comprehensive attack on the dogma that macroeconomic theory must have 'rigorous microfoundations'. He draws on both the philosophy of science and the history of economic thought to demonstrate the dangers of foundational metaphors and the defects of micro-reduction as a methodological principle. Strong criticism of the microfoundations dogma is documented in great detail, from some mainstream and many heterodox economists and also from economic methodologists, social theorists and evolutionary biologists. The author argues for the relative autonomy of macroeconomics as a distinct 'special science', cooperating with but most definitely not reducible to microeconomics. The Microfoundations Delusion will prove a stimulating and thought-provoking read for scholars, students and researchers in the fields of economics, heterodox economics and history of economic thought.Trade Review'This excellent book documents the creation of what has become the first commandment of orthodox macroeconomics: that microeconomic theory provides its foundation because this is the most secure form of economic knowledge. By contrast, John King shows conclusively that microeconomics cannot play such a role when assessed by the criteria of logic, or of science, or of economics itself. Indeed, he goes further and demonstrates that the microfoundations dogma detracts from knowledge about how economies actually operate, and instead generates patently false conclusions. Moreover, the dogma is shown to have blinded orthodox economists from even seeing the possibility of typical macroeconomic crises, and has disarmed them in formulating policies that would eliminate actual crises. The book therefore deals with a topic at the very heart of the present debacle in the world economy.' --Michael Howard, University of Waterloo, Canada'A generation ago Dudley Dillard wrote a famous article on the ''barter illusion in classical and neoclassical economics''. Now John King has gone a step further and written about the microfoundations delusion. The illusion has been with us for a very long time, the delusion is of more recent vintage. Together they have blocked a basic understanding of macroeconomic and monetary phenomena at a time when they are most urgently needed. This is a book that had to be written, and we are fortunate that it is John King who has written it. Essential reading for our times.' --John Smithin, York University, Canada'King's book, apart from its rather contentious conclusion that there is no inherent hierarchy between micro and macro, covers, every issue relevant to the debate majestically and in great detail. It is this reviewer s sense that, should the profession choose to engage with this book in a substantial and sustained way, these methodological questions which have lurked underneath the surface of economic discourse since at least Keynes s time can finally and once and for all be resolved.' --Philip Pilkington, Review of Keynesian EconomicsTable of ContentsContents: 1. Introduction Part I: Microfoundations and the Philosophy of Science 2. Microfoundations as a (Bad) Metaphor 3. Microfoundations as Micro-reduction 4. Two Case Studies: Biology and Social Science Part II: Microfoundations in the History of Economics and Other Social Sciences 5. ‘Microfoundations’ in the Literature of Economics, Part I: 1936–1975 6. ‘Microfoundations’ in the Literature of Economics, Part II: 1975–2012 7. Crossing the Border: ‘Microfoundations’ in the Other Social Sciences Part III: Dissenting Voices 8. The Dissenters, Part I: The Post Keynesians 9. The Dissenters, Part II: Mainstreamers, Austrians and Institutionalists 10. The Economic Methodologists and Microfoundations 11. Conclusion References Index

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Book SynopsisGlobalization and the Politics of Institutional Reform in Japan illuminates Japan's contemporary and historical struggle to adjust policy and the institutional architecture of government to an evolving global order. This focused and scholarly study identifies that key to this difficulty is a structural tendency towards central political command, which reduces the country's capacity to follow a more subtle allocation of authority that ensures political leadership remains robust and non-dictatorial. Thus, Motoshi Suzuki argues that it is essential for a globalizing state to incorporate opposition parties and transgovernmental networks into policy-making processes.Providing an in-depth analysis of the theories of institutional change, this book introduces readers to a wealth of perspectives and counterarguments concerning analysis of political decision-making and policy adjustment on both the national and international scale. Placing Japanese policy reform in the global context and relating policy reform to leadership's political strategies, the author gives a detailed chronological and analytical overview of Japan's challenging institutional, political and bureaucratic transformations since the Meiji Restoration of the late nineteenth century. Analysis of globalization and policy reform in a non-liberal state, and the relationship between politicians and bureaucrats from an international perspective is included.For those interested in historical and contemporary Japanese politics from a theoretical perspective, particularly the implications of globalization and the politician-bureaucrat relationship, this is an indispensable resource.Trade Review'Suzuki illuminates the problems of globalization and associated institutional reform that have plagued historical and contemporary Japan. He focuses rightly on competition and cooperation between politicians and bureaucrats to capture the core of Japanese policy-making. His book must be read not just by scholars and students interested in Japanese political economy, but also by policy practitioners.' --Michio Muramatsu, Kyoto University, Japan'This book, by one of Japan's pre-eminent political scientists, offers a sweeping history of Japan's evolving place in the world. Contrary to the common caricature of Japan as a crafty player on the global chessboard, Suzuki describes the radical decentralization that has often plagued Japan's decision-making processes, sometimes with catastrophic consequences. International pressures have sometimes forced Japanese leaders to make important institutional and policy adjustments, but often only after Japan and other countries have borne costly consequences. Of particular interest to anyone who studies or does business with Japan will be the sections on the Japanese government's coalition building - not direction or control - after the bursting of the bubble economy in 1991, and Prime Minister Abe's attempts to build support for the Trans-Pacific Partnership over potent domestic opposition. This is an enlightening book.' --Frances McCall Rosenbluth, Yale University, US'Japanese leaders today are struggling with the Herculean task of adjusting Japan's institutions to deal with the challenges of globalization. Suzuki's book analyzes how this Japanese struggle is not new but has been playing out for a century. His analysis is a masterful overview of the complexities of balancing social and political continuities and changes as they have played out in key areas of Japan's domestic and regional politics.' --T.J. Pempel, University of California, BerkeleyTable of ContentsContents: PART I THEORY AND HISTORY Introduction 1. Theory of Institutional Reform and Government Structure 2. Empirical Models of Government Structures and International Adjustments 3. Adjustment Struggles Under Pre-World War II International Order 4. Postwar Bureaucratic-Cabinet System and Sectoral Adjustments to the International Order of Embededd Liberalism PART II CONTEMPORARY ANALYSIS 5. Authority Reallocation Under the Neoliberal Global Order – An Overview 6. Council Politics for Regulatory Reforms on Corporate Governance and Labor Relations 7. Issue-Dimensional Politics for Trade Liberalization 8. Crisis Politics for Banking Regulation Reform 9. Political Leadership Under the Global Neoliberal Order Bibliopgraphy Index

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