Economic history Books

Book SynopsisThis groundbreaking title brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and focuses on those Laureates working in the same broad area of study. The careful selection of papers is set in context by an insightful introduction to the Laureates' careers and main published works. This landmark title will be an essential reference for scholars throughout the world.Trade Review‘What a brilliant idea! To provide readers with both information on the Nobel Laureates in Economics and, to the degree possible, the original papers for which they were honored. The names of the “contributing” Laureates speak for themselves. Howard Vane and Chris Mulhearn, the editors, and Edward Elgar, the publisher, are to be congratulated for putting the idea into effect.’Table of ContentsContents: Acknowledgements General Introduction Howard R. Vane and Chris Mulhearn PART I RAGNAR A.K. FRISCH Introduction to Part I: Ragnar A.K. Frisch (1895–1973) 1. Ragnar Frisch (1933), ‘Propagation Problems and Impulse Problems in Dynamic Economics’ 2. Ragnar Frisch (1934), ‘Circulation Planning: Proposal for a National Organization of a Commodity and Service Exchange’ and ‘Circulation Planning: Part III. Mathematical Appendix’ 3. Ragnar Frisch (1936a), ‘Annual Survey of General Economic Theory: The Problem of Index Numbers’ 4. Ragnar Frisch (1936b), ‘On the Notion of Equilibrium and Disequilibrium’ 5. Ragnar Frisch (1981), ‘From Utopian Theory to Practical Applications: The Case of Econometrics’ PART II JAN TINBERGEN Introduction to Part II: Jan Tinbergen (1903-94) 6. J. Tinbergen (1940a), ‘Econometric Business Cycle Research’ 7. J. Tinbergen (1940b), ‘On a Method of Statistical Business-Cycle Research: A Reply’ 8. Jan Tinbergen (1952), ‘The Logical Structure of the Normal Quantitative Policy Problem (Targets and Instruments in Equal Numbers); Directives’ and ‘Inequality Between Number of Targets and Number of Instruments: Alternative Instruments or Incompatible Targets’ 9. Jan Tinbergen (1959), ‘An Economic Policy for 1936’ PART III LAWRENCE R. KLEIN Introduction to Part III: Lawrence R. Klein (b. 1920) 10. Lawrence R. Klein (1947), ‘Theories of Effective Demand and Employment’ 11. Harold Barger and Lawrence R. Klein (1954), ‘A Quarterly Model for the United States Economy’ 12. L.R. Klein (1958), ‘The Estimation of Distributed Lags’ 13. Lawrence R. Klein (1964), ‘A Postwar Quarterly Model: Description and Applications’ 14. Gary Fromm and Lawrence R. Klein (1965), ‘The Brookings-S.S.R.C. Quarterly Econometric Model of the United States: Model Properties’ 15. Phoebus J. Dhrymes, Lawrence R. Klein and Kenneth Steiglitz (1970), ‘Estimation of Distributed Lags’

Read more less

Book SynopsisOn the Brink of Deglobalization addresses the breakdown of international trade and capital flows in 2008/09 and challenges the mainstream narrative for the world trade collapse. Detailed chapters on international finance, fragmentation of production, protectionism and earlier episodes of collapsing trade reveal data that contradicts conventional explanations and demonstrates that the trade collapse was driven by the shock of (perceived) trade uncertainty. Peter van Bergeijk discusses why trade barriers and import substitution are seen as solutions during depressions while presenting empirical evidence demonstrating the risks of such policies. This book provides a broad, historical and statistical analysis relevant to understanding the recent world trade collapse. Being the first comprehensive analysis of the risks and drivers of deglobalization, this unique and challenging book will appeal to trade economists, trade policymakers and analysts as well as those involved in international business.Trade Review'Peter van Bergeijk has written a fascinating book on the recent trade collapse, that in size can only be compared to the (trade) crises of the 1930s. There are at least two reasons to read the book. The first is to get a better understanding why the world has witnessed a dramatic decline of international trade. Peter van Bergeijk systematically analyzes the standard explanations that are given for this collapse, for example those put forward by the WTO, and concludes that most are wrong or unconvincing, and provides his own thought provoking explanation: risk and uncertainty. The second reason to read the book is that it provides all those interested in international trade a clear and interesting introduction to understand the world of international trade and learn a great deal along the way, and not only about the recent trade collapse.' -- Steven Brakman, University of Groningen, The NetherlandsTable of ContentsContents: Preface 1. Introduction: Setting the Stage 2. From Peak to Trough 3. The Trade Finance Confusion: Tales of Capital, Finance, Credit and Trade 4. The International Value Chain Myth 5. Protectionism is Just Around the Corner! 6. An Alternative Hypothesis: The Forgotten Role of Trade Uncertainty 7. Let Us Test the Theories 8. Too Early to Tell? References Index

Read more less

Book SynopsisOn the Brink of Deglobalization addresses the breakdown of international trade and capital flows in 2008/09 and challenges the mainstream narrative for the world trade collapse. Detailed chapters on international finance, fragmentation of production, protectionism and earlier episodes of collapsing trade reveal data that contradicts conventional explanations and demonstrates that the trade collapse was driven by the shock of (perceived) trade uncertainty. Peter van Bergeijk discusses why trade barriers and import substitution are seen as solutions during depressions while presenting empirical evidence demonstrating the risks of such policies. This book provides a broad, historical and statistical analysis relevant to understanding the recent world trade collapse. Being the first comprehensive analysis of the risks and drivers of deglobalization, this unique and challenging book will appeal to trade economists, trade policymakers and analysts as well as those involved in international business.Trade Review'Peter van Bergeijk has written a fascinating book on the recent trade collapse, that in size can only be compared to the (trade) crises of the 1930s. There are at least two reasons to read the book. The first is to get a better understanding why the world has witnessed a dramatic decline of international trade. Peter van Bergeijk systematically analyzes the standard explanations that are given for this collapse, for example those put forward by the WTO, and concludes that most are wrong or unconvincing, and provides his own thought provoking explanation: risk and uncertainty. The second reason to read the book is that it provides all those interested in international trade a clear and interesting introduction to understand the world of international trade and learn a great deal along the way, and not only about the recent trade collapse.' -- Steven Brakman, University of Groningen, The NetherlandsTable of ContentsContents: Preface 1. Introduction: Setting the Stage 2. From Peak to Trough 3. The Trade Finance Confusion: Tales of Capital, Finance, Credit and Trade 4. The International Value Chain Myth 5. Protectionism is Just Around the Corner! 6. An Alternative Hypothesis: The Forgotten Role of Trade Uncertainty 7. Let Us Test the Theories 8. Too Early to Tell? References Index

Read more less

Book SynopsisMany know the Chicago School of Economics and its association with Milton Friedman, George Stigler, Ronald Coase and Gary Becker. But few know the School's history and the full scope of its scholarship. In this Companion, leading scholars examine its history and key figures, and provide surveys of the School's contributions to central aspects of economics, including: price theory, monetary theory, labor and economic history. The volume examines the School's traditions of applied welfare theory and law and economics while providing a glimpse into emerging research on Chicago's role in the development of neoliberalism.A companion in the true sense of the word, this volume surveys a wide body of Chicago economic studies and guides readers carefully through each. The Companion offers biographies of leading Chicago economists and evaluations of the School's connection to approaches to economics that draw from and complement the School, including the Virginia School and the work of Armen Alchian and Edward Lazear. Moreover, this book is a first in many respects as it analyzes the interconnections of the Chicago School's theory, methodology, and policy, and considers by what means and ideas the School's policy framework is driven.The breadth and depth of the insights presented here will appeal especially to students and scholars of economics and historians interested in economics, social science and applied public policy.Ross B. Emmett is Professor of Political Economy and Political Theory and Constitutional Democracy, and Co-Director of the Michigan Center for Innovation and Economic Prosperity at James Madison College, Michigan State University, USA.Trade Review‘The attraction of the project shows in the number of eminent authors who contributed, and who in part came from very different backgrounds. . . recommended.’ -- Betrand Schefold, Jahrbucher für Nationalokonomie und StatistikTable of ContentsContents: Preface Introduction Ross B. Emmett PART I: ESSAYS ON THE CHICAGO SCHOOL 1. The Development of Post-war Chicago Price Theory J. Daniel Hammond 2. Chicago Economics and Institutionalism Malcolm Rutherford 3. Adam Smith and the Chicago School Steven G. Medema 4. The Economic Organization, by Frank H. Knight: A Reader’s Guide Ross B. Emmett 5. The Chicago School of Welfare Economics H. Spencer Banzhaf 6. Chicago Monetary Traditions David Laidler 7. On the Origins of A Monetary History Hugh Rockoff 8. Chicago and Economic History David Mitch 9. Chicago and the Development of Twentieth-Century Labor Economics Bruce E. Kaufman 10. Human Capital, by Gary S. Becker: A Reading Guide Pedro Nuno Teixeira 11. Chicago Law and Economics Steven G. Medema 12. Friedman, Positive Economics, and the Chicago Boys Eric Schliesser 13. Neoliberalism and Chicago Robert Van Horn and Philip Mirowski 14. Armen Alchian on Evolution, Information, and Cost: The Surprising Implications of Scarcity Daniel K. Benjamin 15. The Chicago Roots of the Virginia School Gordon L. Brady PART II: SOME CHICAGO ECONOMISTS 1. Gary S. Becker Pedro Nuno Teixeira 2. Ronald Harry Coase Steven G. Medema 3. Aaron Director Robert Van Horn 4. Paul H. Douglas Glen G. Cain 5. Berthold Frank Hoselitz David Mitch 6. Frank H. Knight Ross B. Emmett 7. J. Laurence Laughlin William J. Barber 8. Edward P. Lazear Morley Gunderson 9. H. Gregg Lewis Jeff E. Biddle 10. Deirdre N. McCloskey Stephen T. Ziliak 11. Richard A. Posner Steven G. Medema 12. Albert Rees Orley Ashenfelter and John Pencavel 13. Margaret Gilpen Reid Evelyn Forget 14. Sherwin Rosen Hao Li 15. Henry Schultz D. Wade Hands 16. Theodore William Schultz Pedro Nuno Teixeira 17. Henry Calvert Simons Sherryl D. Kasper 18. George J. Stigler Edward Nik-Khah 19. Jacob Viner William J. Barber Index

Read more less

Book SynopsisThis volume is concerned with periods of very rapid inflation in the period before 1950 and shifts the emphasis from hyperinflation as commonly defined to a wider range of experience. It examines the source and origins of these inflationary episodes, how they started and what measures were used to bring them to an end. The experience of the last twenty years, when the entire world has been on fiat money and inflation has burgeoned, sometimes in excess of 100 per cent per annum, has led economists to reflect on historical examples of this phenomena. The extreme nature of episodes such as the German inflation of the early 1920s ensures that they offer a special kind of evidence on money and prices that is of considerable interest at the present time. Much of the material here is very recent, as relatively little contemporary attention was given to inflations and much of the best scholarship has only appeared in the last twenty years. However, this volume also provides the reader with access to the reflections of contemporary economists, such as Joan Robinson and Gordon Tullock.Trade Review'. . . a collection of important articles which will be most useful for students of monetary disorder.'Table of ContentsContents Introduction Part I: The Sources, Development and Ending of Major Inflations 1. Forrest Capie (1986), ‘Conditions in which Very Rapid Inflation has Appeared’ 2. Phillip Cagan (1956), ‘The Monetary Dynamics of Hyperinflation’ 3. Thomas J. Sargent (1982), ‘The Ends of Four Big Inflations’ Part II: Inflations before 1900 4. Francis T. Lui (1983), ‘Cagan's Hypothesis and the First Nationwide Inflation of Paper Money in World History’ 5. Bruce D. Smith (1985), ‘Some Colonial Evidence on Two Theories of Money: Maryland and the Carolinas’ 6. Earl J. Hamilton (1977), ‘The Role of War in Modern Inflation’ 7. Andrew Dickson White (1959), ‘Fiat Money Inflation in France’ 8. Milton Friedman (1951), ‘The Role of War in American Economic Development: Prices, Income and Monetary Changes in Three Wartime Periods’ 9. Eugene M. Lerner (1954), ‘The Monetary and Fiscal Programs of the Confederate Government, 161–65’ 10. Eugene M. Lerner (1955), ‘Money, Prices and Wages in the Confederacy’ Part III: The 1920s 11. Costantion Bresciani-Turroni (1937), ‘The National Finances, the Inflaton and the Depreciation of the Mark’ 12. Joan Robinson (1938), ‘Review of Bresciani-Turroni's The Economics of Inflation’ 13. Carl-Ludwig Holtfrerich (1986), ‘The Determinants of Monetary Expansion’ 14. Stephen B. Webb (1985), ‘Government Debt and Inflationary Expectations as Determinants of the Money Supply in Germany’ 15. Charles Maier (1978), ‘The Politics of Inflation in the Twentieth Century’ 16. Rodney L. Jacobs (1977), ‘Hyperinflation and the Supply of Money’ Part IV: Inflations in the 1940s 17 Bertrand Nogaro (1948), ‘Hungary's Recent Monetary Crisis and its Theoretical Meaning’ 18. Andrew C. Huang (1948), ‘The Inflation in China’ 19. Colin D. Campbell and Gordan C. Tullock (1954), ‘Hyperinflation in China, 1937–49’ 20. Gail E. Makinen (1986), ‘The Greek Hyperinflation and Stabilization of 1943–46’ 21. William A. Bomberger and Gail E. Makinen (1983), ‘The Hungerian Hyperinflation and Stabilization of 1945–6’ Name Index

Read more less

Book SynopsisThis major reference collection presents in an accessible form the key articles and papers on the theory and history of financial crises. It includes both classic and contemporary writings on domestic financial crises, the transmission of crises between countries and the resolution of crises by both private and government authorities acting as lender of last resort.The book is divided into five sections. Section I on theories of financial crises presents two rival approaches to financial crises; the monetarist approach and the Fisher-Kindleberger-Minsky approach. It also includes recent Rational Expectations approaches. Section II contains readings on financial crises in US history while Section III presents case studies for other countries. Section IV contains readings on the international transmission of financial crises. Section V concludes with a number of articles on the resolution of financial crises.Financial crises have been a topic of perennial interest - perhaps as old as economic science. This landmark book makes a singular contribution by presenting the most significant literature on this important topic in an accessible form.Trade Review'Michael Bordo has gathered together in these two volumes a wide selection of reprints (in their original form) of existing work on the subject of financial crises. The two volumes provide a valuable basis on which readers may form their own views.' -- Sheila C. Dow, The Economic JournalTable of ContentsContents Introduction Part I: The Surveys 1. Mira Wilkins (1977), 'Modern European Economic History and the Multinationals' 2. Mira Wilkins (1986), 'The History of European Multinationals: A New Look' 3. Mira Wilkins (1988), 'European and North American Multinationals, 1870–1914: Comparisons and Contrasts' 4. John Dunning (1983), 'Changes in the Level and Structure of International Production: the Last One Hundred Years' Part II: The Pioneers 5. Mira Wilkins (1974), 'The American Model', a selection from the author's Epilogue to The Maturing of Multinational Enterprise, American Business Abroad from 1914 to 1970 6. John M.Stopford (1974), 'The Origins of British-Based Multinational Manufacturing Enterprises' 7. Lawrence Franco (1974), 'The Origins of Multinational Manufacturing by Continental European Firms' 8. Mira Wilkins (1986), 'Japanese Multinational Enterprise before 1914' 9. Geoffrey Jones (1986), 'Origins, Management and Performance' Part III: New Perspectives 10. R.H. Coase (1937), 'The Nature of the Firm' 11. Edith Penrose (1956), 'Foreign Investment and the Growth of the Firm' 12. Oliver Williamson (1981), 'The Modern Corporation: Origins, Evolution, Attributes' 13. Mark Casson (1986), 'General Theories of the Multinational Enterprise: Their relevance to Business History' 14. Stanley Chapman (1985) 'British-based Investment Groups Before 1914' 15. Mira Wilkins (1988), 'The Free-Standing Company, 1870–1914: An Important Type of British Foreign Direct Investment' 16. Alfred D. Chandler (1980), 'The Growth of the Transnational Industrial Firm in the United States and the United Kingdom: A Comparative Analysis' 17. Mira Wilkins (1982), 'American-Japanese Direct Foreign Investment Relationships. 1930–1952' 18. Ann M. Carlos and Stephen Nicholas (1988), '"Giants of an Earlier Capitalism": The Chartered Trading Companies as Modern Multinationals' Part IV: Case Studies 19. Geoffrey Jones (1984), 'The Growth and Performance of British Multinational Firms before 1939: The Case of Dunlop' 20. Geoffrey Jones (1984), 'Multinational Chocolate: Cadbury Overseas, 1918–39' 21. Tetsuo Abo (1982-83), 'ITT's International Business Activities, 1920–1940'. Part V: Hosts to Multinationals 22. Geoffrey Jones (1988), 'Foreign Multinationals and British Industry before 1945' 23. Tetsuya Kuwahara (1989), 'The Japanese Cotton Spinners' Direct Investments into China Before the Second World War' 24. Masaru Udagawa (1985), 'The Pre-War Japanese Automobile Industry and American Manufacturers' 25. Emma Harris (1989), 'J.&P. Coates Ltd in Poland'

Read more less

Book SynopsisThis important two volume reference work comprises the most important articles and papers on the history of industrial finance and capital formation from the 18th century to World War I. It covers all the main regions of the world with special emphasis on the United Kingdom, Continental Europe and the United States. By providing a careful selection of the most influential articles, these two volumes make a significant contribution to an issue of great and continuing importance.Trade Review'With these two volumes Cameron has produced an excellent collection of established essays on the role of banks in the financing of industrial development. As with other collections in the series (The International Library of Macroeconomic and Financial History) the success lies in bringing together articles from a variety of sources into a readily accessible form. . . . these in total constitute an authoritative and extremely stimulating collection.' -- Michael Collins, Business History'The great utility of the two volumes is that these essential pieces are conveniently brought together between hard, durable covers. . .'– P.J. Cottrell, The Economic History ReviewTable of ContentsContents Acknowledgements Introduction Volume I 1. Rondo Cameron (1965), ‘Theoretical Bases of a Comparative Study of the Role of Financial Institutions in the Early Stages of Industrialization’ 2. T.S. Ashton (1945), ‘The Bill of Exchange and Private Banks in Lancashire, 1790–1830’ 3. François Crouzet (1972), ‘Capital Formation in Great Britain During the Industrial Revolution’ 4. Phyllis Deane (1973), ‘The Role of Capital in the Industrial Revolution’ 5. Sidney Pollard (1964), ‘Fixed Capital in the Industrial Revolution in Britain’ 6. Stanley D. Chapman (1970), ‘Fixed Capital Formation in the British Cotton Industry, 1770–1815’ 7. Rondo Cameron (1967), ‘France, 1800–1870’ 8. Rondo Cameron (1967), ‘Belgium, 1800–1875’ 9. Richard H. Tilly (1986), ‘German Banking, 1850-1914: Development Assistance for the Strong’ 10. Hugh M. Neuberger and Houston H. Stokes (1974), ‘German Banks and German Growth 1883–1913: An Empirical View’ 11. Rainer Fremdling and Richard Tilly (1976), ‘German Banks, German Growth and Econometric History’ 12. Hugh M. Neuberger and Houston H. Stokes (1974), ‘German Banks and German Growth: A Reply’ 13. Richard Tilly (1982), ‘Mergers, External Growth, and Finance in the Development of Large-Scale Enterprises in Germany, 1880–1913’ Volume II 1. John G. Gurley and E.S. Shaw (1955), ‘Financial Aspects of Economic Development’ 2. Richard L. Rudolph (1972), ‘Austria, 1800–1914’ 3. Jon S. Cohen (1967), ‘Financing Industrialisatization in Italy, 1894–1914: the Partial Transformation of a Late Comer’ 4. Gabriel Tortella (1972), ‘Spain, 1829–1874’ 5. Olga Crisp (1976), ‘Banking in the Industrialisation of Tsarist Russia, 1860–1914’ 6. Lars G. Sandberg (1978), ‘Banking and Economic Growth in Sweden Before World War I’ 7. John R. Lampe (1975), ‘Finance and Pre-1914 Industrial Stirrings in Bulgaria and Serbia’ 8. Hugh T. Rockoff (1975), ‘Varieties of Banking and Regional Economic Development in the United States, 1840–1860’ 9. Lance Davis (1966), ‘The Capital Markets and Industrial Concentration: the U.S and the U.K, a Comparative Study’ 10. Richard Sylla (1982), ‘American Banks and the Finance of Industry, 1880–1920 : Perspectives on the Visible Hand’ 11. Ian M. Drummond (1990), ‘Banks and Banking in Canada and Australia’ 12. Kanji Ishii (1990), ‘Japan’ (from ‘International Banking, 1870–1914’) 13. Hugh M. Neuberger and Houston H. Stokes, ‘German Banking and Japanese Banking: A Comparative Analysis’ 14. Maria Bárbara Levy (1990), ‘The Banking System and Foreign Capital in Brazil’ 15. Frank H.H. King (1990), ‘Extra-Regional Banks and Investments in China’ 16. Rondo Cameron (1967), ‘Conclusion to "Banking in the Early Stages of Industrialization"’ Name Index

Read more less

Book SynopsisThis engaging and intelligent book argues that the unbridled impact of deregulated market forces will lead to social polarization and ultimately to the destruction of capitalist society as we know it today. After providing a lucid and accessible overview of the development of capitalism, Professor Brenner explains how human greed was confined within legal boundaries and shows how ingenuity rather than brute force ultimately became the source of wealth. He explores the interaction between ideas, behaviour and economic change and points out comparisons between scientific ideas and the phases of economic development. He warns that, by an inner logic, deregulated capitalism must necessarily lead to increased inequality and to the waning of those elements in bourgeois culture which are necessary for the proper functioning of a technologically advanced industrial economy.Written in a lively and non-technical style, the book will appeal not only to economists but also to other social scientists and historians concerned with the history and development of modern capitalist society.Trade Review’Brenner’s book is an interesting statement of the institutionalist/instrumentalist view that scientific separatism is intellectually untenable and practically destructive.’Table of ContentsThe origins of modern economic progress; estates and classes - the changing universe; state and society in the age of mercantilism; saving the goose that was to lay the golden eggs; "Rational Restlessness" - new paradigms in science and society; the age of capital accumulation and investment; the birthpains of competitive society; "All things pregnant with their contrary"; the Labour movement between reform and revolution; the improvement of living conditions; the triumph of Fascism and failure of the "Proletarian Counterculture"; Keynes and the era of regulated capitalism; regulated capitalism - the age of prosperity; "The Devil Watches All Opportunities"; services and the expanding public sector; the gentle demise of meaningful democracy and competition.

Read more less

Book SynopsisProtectionism has been an enduring feature in the world economy even though economic theory can prove that free trade is a superior regime. Protectionism is, of course, caused primarily by interest groups who lose out under free trade and are able to organize to protect their interests.This major reference collection brings together some different theoretical approaches to the issue of commercial policy and how it is constructed. It also illuminates some of the complexities behind alternating phases of comparatively free trade and protectionism in the world economy over the last two centuries. Individual country studies bring out some variety in the experience, both in the origins of protectionist policies and of their impact. The conclusions add up to a considerable indictment of protectionism.Table of ContentsContents Acknowledgements Introduction PART I: THEORY 1. Jagdish N. Bhagwati (1982), ‘Directly Unproductive, Profit-seeking (DUP) Activities’ 2. Harry G. Johnson (1965), ‘An Economic Theory of Protectionism, Tariff Bargaining, and the Formation of Customs Unions’ 3. C.P. Kindleberger (1951), ‘Group Behavior and International Trade’ 4. Lionel Robbins (1931), ‘Economic Notes on Some Arguments for Protection’ PART II: GREAT BRITAIN 5. Ralph Davis (1966), ‘The Rise of Protection in England, 1689–1786’ 6. J. Bartlett Brebner (1948), ‘Laissez Faire and State Intervention in Nineteenth-Century Britain’ 7. Donald N. McCloskey (1980), ‘Magnanimous Albion: Free Trade and British National Income, 1841–1881’ 8. A.E. Musson (1972), ‘"The Manchester School" and Exportation of Machinery’ 9. Barry Eichengreen (1991), ‘The External Fiscal Question: Free Trade and Protection in Britain, 1860–1929’ 10. Forrest Capie (1978), ‘The British Tariff and Industrial Protection in the 1930s’ PART III: UNITED STATES 11. J.J. Pincus (1975), ‘Pressure Groups and the Pattern of Tariffs’ 12. G.R. Hawke (1975), ‘ The United States Tariff and Industrial Protection in the Late Nineteenth Century’ 13. M.E. Falcus (1971), ‘United States Economic Policy and the "Dollar Gap" of the 1920s’ PART IV: CONTINENTAL EUROPE 14. Michael Stephen Smith (1980), ‘Compromise and Conciliation, 1883–1900’ 15. W.O. Henderson (1965), ‘Prince Smith and Free Trade in Germany’ 16. Steven B. Webb (1980), ‘Tariffs, Cartels, Technology, and Growth in the German Steel Industry, 1879 to 1914’ 17. A. Gerschenkron (1943), ‘Agricultural Protection in the German Empire’ 18. Frank J. Coppa (1970), ‘The Italian Tariff and the Conflict Between Agriculture and Industry: The Commercial Policy of Liberal Italy, 1860–1922’ 19. C.P. Kindleberger (1975), ‘The Rise of Free Trade in Western Europe, 1820–1875’ 20. Forrest Capie (1983), ‘Tariff Protection and Economic Performance in the Nineteenth Century’ PART V: OTHER 21. Bela Balassa (1956), ‘Tariff Protection in Industrial Countries: An Evaluation’ 22. Kenneth Fielden (1969), ‘The Rise and Fall of Free Trade’ 23. John Gallagher and Ronald Robinson (1953), ‘The Imperalism of Free Trade’ Name Index

Read more less

Book SynopsisThis volume offers an authoritiative selection of the best published articles on the great speculative manias and stock market crashes, which highlights their important similarities. These phenomena disrupt the normal activities of investors who use financial markets to accumulate diversified portfolios of assets. The attraction of rapid capital gains entices the unwary to abandon their customary investments, exposing them to ruin when prices of hot new assets collapse. The mania for tulips in seventeenth century Holland and schemes to refinance government debt in eighteenth century France and Britain burned many investors and transformed financial markets. The volatile American stock market of the nineteenth century and bursting regional real estate bubbles brought down many financial institutions, threatening economic stability. The striking parallels between the stock market crashes of 1929 and 1987 raise basic questions about the stability of the capital markets. By examining whether these phenomena represent rational movements of the market or some mania or fad, these articles focus on the central policy question of whether these markets require regulation to serve the investing public.Trade Review'This volume achieves a nice balance by wisely assembling opposing views, alternative methods, and background information, and by covering a broad range of times, places and markets. Its structure and organization encourage historical thinking, pushing the reader beyond the arguments of the individual articles.' -- Charles W. Calomiris, Journal of Economic HistoryTable of Contents23 articles dating from 1905 to 1994 Contents: Introduction Part I: Tulipmania Part II: The Mississippi and South Sea Bubbles Part III: Nineteenth Century America Part IV: Land Booms in the 1920s and 1980s Part V: The American Stock Market in 1929 Part VI: The American Stock Market in 1987 Index

Read more less

Book SynopsisThe role and performance of central banks has always been of critical concern to economists and politicians alike. The post-War concensus that viewed central banks as engaging in discretionary economic management has been replaced by controversy over the best means of controlling monetary growth and stopping inflation. This important reference collection provides essential historical perspective to the whole issue of the most appropriate means of constituting and operating a central bank. Drawing on contributions from the 17th century to the present, it highlights the different approaches adopted by bankers, economists and politicians. The wide range of selected essays and papers draw on varying experience in a number of countries (including the US, the UK, Japan, Germany and Canada) and embraces two centuries of debate on the role of the central bank as the government's bank, as lender of last resort and as arbiter of monetary growth.Trade Review'This fascinating reference collection provides a valuable historical perspective on the question of the most appropriate means of constituting and operating a central bank.' -- Banking WorldTable of ContentsVolume I CENTRAL BANK FUNCTIONS Acknowledgements Introduction PART I: THE GOVERNMENT'S BANK 1. Michael Godfrey (1695), A Short Account of the Bank of England, pp 1-8. 2. W. Lexis (1910), ‘Concerning the Renewal of the Reichsbank Privilege.’ 3. Baron Sakatani, S. Naruse and O.M.W. Sprague (1911), ‘The Banking System of Japan.’ 4. John Maynard Keynes (1913), ‘Indian Banking’. PART II: MONETARY MANAGEMENT 5. Henry Thornton (1939), An Enquiry into the Nature and Effects of the Paper Credit of Great Britain, (1802), edited with an introduction by F.A. v. Hayek, pp 103-16, 122-4, 227-9, 286-94. 6. R.S. Sayers (1957), ‘The Bank of England in 1953.’ 7. E.P. Neufeld (1958), ‘The Bank of Canada's Approach to Central Banking.’ PART II: LENDER OF LAST RESORT 8. Sir Francis Baring, Bart. (1797), Observations on the Establishment of the Bank of England and on the Paper Circulation of the Country. 9. Thomson Hankey (1876), ‘Banking in Connection with the Currency and the Bank of England.’ 10. Walter Bagehot (1866), ‘What a Panic is and How it Might be Migrated.’ 11. Walter Bagehot (1919), ‘The Bank's Administration of the Reserve.’ 12. David Kinley (1910), ‘Conclusions as to Treasury Relief in Crises’ and ‘Summary.’ 13. O.M.W. Sprague (1910), ‘The Treasury and the Panic.’ 14. Maurice Patron (1910), ‘The Bank of France and Crises.’ 15. Pierluigi Ciocca and Gianni Toniolo (1984), ‘Industry and Finance in Italy, 1918-1940.’ 16. Vera C. Smith (1936), ‘Discussions in America Prior to the Foundation of the Federal Reserve System.’ 17. Vera C. Smith (1936), ‘The Arguments in Favour of Central Banking Reconsidered.’ 18. Lawrence H. White (1984), ‘The Relevance of Free Banking Today.’ 19. Dr Alexander Erdély (1910), ‘The New Swiss Central Note Bank.’ 20. Fred Hirsch (1977), ‘The Bagehot Problem.’ 21. Harry G. Johnson (1968), ‘Problems of Efficiency in Monetary Management.’ 22. C.A.E. Goodhart (1987), ‘Why do Banks Need a Central Bank?’ Name Index Volume II PERFORMANCE Acknowledgements PART I: CONFLICTS OF INTEREST 1. Charles A. Conant (1896), ‘The Bank of the United States.’ 2. Walter Bagehot (1919), ‘The Principles Which Should Regulate the Amount of Banking Reserve To Be Kept By The Bank of England.’ 3. J.W. Gilbart (1907), ‘The Baring Crisis and its Lessons.’ 4. L.S. Pressnell (1968), ‘Gold Reserves, Banking Reserves, and the Baring Crisis of 1890.’ PART II: MACROECONOMIC PERFORMANCE 5. Carl-Ludwig Holtfrerich (1986), ‘The Credit Policies of the Reichsbank.’ 6. John Maynard Keynes (1925), ‘The Economic Consequences of Mr. Churchhill.’ 7. Irving Fisher (1927), ‘The Activities of the Federal Reserve System.’ 8. Milton Friedman and Anna Jacobson Schwartz (1963), ‘The Great Contraction, 1929-33.’ 9. R.S. Sayers (1949), ‘Central Banking in the Light of Recent British and American Experience.’ 10. Hyman P. Minsky (1957), ‘Central Banking and Money Market Changes.’ Name Index Volume III DISCRETION AND AUTONOMY Acknowledgements 1. William Paterson (1694), A Brief Account of the Intended Bank of England, pp 1-18. 2. R. Torrens (1837), A Letter to the Right Honourable Lord Viscount Melbourne on the Causes of the Recent Derangement in the Money Market, and on the Bank Reform. 3. Thomas Tooke (1844), ‘Review of the Currency Principle in its Application to our Banking System.’ 4. F.M. Taylor (1896), ‘Do we want an Elastic Currency?’ 5. Paul M. Warburg (1911), ‘A United Reserve Bank of the United States.’ 6. Lloyd W. Mints (1945), ‘A Brief Survey of Banking Literature Since 1913.’ 7. R.S. Sayers (1957), ‘The Theoretical Basis of Central Banking.’ 8. Irving Brecher (1957), ‘The End of the Central Bank Controversy.’ 9. Irving Fisher (1934), ‘How to Stabilize: The Equation of Exchange.’ 10. Henry C. Simons (1936), ‘Rules Versus Authorities in Monetary Policy.’ 11. Milton Friedman (1948), ‘A Monetary and Fiscal Framework for Economic Stability.’ 12. Milton Friedman (1962), ‘Should there be an Independent Monetary Authority?’ 13. Milton Friedman (1982), ‘Monetary Policy: Theory and Practice.’ 14. Jacob Viner (1962), ‘The Necessary and Desirable Range of Discretion to be Allowed to a Monetary Authority.’ Name Index

Read more less

Book SynopsisThe last decade has witnessed a burgeoning interest in the history of marketing. This authoritative two volume set provides a comprehensive collection of important articles which illuminate the history and development of marketing and marketing thought during the past century. A unique reference tool, this book will be indispensable to marketing researchers and others interested in marketing history. The articles contained within its covers are international in scope, spanning a range of European countries, Japan and the US.This major new collection of articles was compiled and edited by Stanley C. Hollander - eminent marketing historian - and Kathleen M. Rassuli. The editors provide an introduction to the literature followed by chapters on the history of marketing thought, the historiography of marketing as well as chapters prepared by marketing speciality area, consumer behaviour, channels of distribution, retailing, product development, pricing and advertising, and promotion.Trade Review'It is a tribute to the vitality of marketing history. . . . that Edward Elgar should produce these, the latest volumes in its series "The International Library of Critical Writings in Business History"'.’ -- John Benson, Business HistoryTable of ContentsContents: 1. History of Thought 2. Historical Method 3. Marketing Education 4. Macro-Marketing Policy Issues 5. Marketing Research 6. Consumer Behaviour 7. Advertising 8. Channels of Distribution 9. Price 10. Product 11. Marketing Management

Read more less

Book SynopsisThis comprehensive and far-reaching book describes the growth and economic integration of the European economy from 1500 to 1913. The authors apply macroeconomic techniques to identify growth rates, inflation, product markets, trade networks and business cycles across a set of countries over the period. The book demonstrates that growth was the natural state for European economies throughout the period although, under the impetus of the industrial revolution, growth rates generally accelerated by the end of the nineteenth century. Similarly, business cycles in the modern sense seem to have been in evidence at the beginning of the period but by the eighteenth century there is no doubt that modern cycles affected these countries, sometimes simultaneously. Inflationary episodes are both distinct and shared in this long period, with the long inflation of the sixteenth century attesting to the integration of European markets. Finally, the authors find abundant quantitative evidence to support the argument that economies linked by international trade in 1500 came close to achieving global integration by 1913.The European Macroeconomy will be of interest to scholars of economic history, international economics and macroeconomics.Trade Review'. . . a useful companion when teaching European economic history.'Table of ContentsContents: Preface Part I: The Foundations of Macroeconomics in an Historical Context 1. Macroeconomics and Economic History 2. Political Integration and Economic Change in Early Modern Europe Part II: The Growth of the European Market Economy, 1500–1750 3. Population Growth and Agricultural Change before the Industrial Revolution 4. Inflation, the Quantity Theory of Money and the Banking System 5. Trade, Industry and Mercantilism 1500–1750 6. Trends and Cycles in the Pre-Industrial European Economy Part III: The First Industrial Revolution in Europe 1750–1850 7. The British Economy 1750–1850 8. Growth and Cycles in the Major Continental Economies 1750–1850 9. The Development of the ‘Peripheral’ Countries 1750–1850 Part IV: The Maturing of the Industrial Revolution 1850–1913 10. Population and Overall Economic Growth 1850–1913 11. Financial Factors in European Growth and Integration 1850–1913 12. European Business Cycles in the Victorian Era 13. Growth and Cycles 1500–1913 Bibliography Index

Read more less

Book SynopsisEconomic Progress and Prospects in the Third World combines an elegant and persuasive summary of development progress over the last 40 years with detailed case studies of two major developing countries, Nigeria and India.Beginning with an overview of changes in development theory and practice since 1945, the book distinguishes three main phases: the 'Golden Age' of the 1950s and 1960s, the illusory debt-led growth of the 1970s, and the 'Lost Decade' of the 1980s. It explains how successes in some of the earlier phases led to difficulties later on. The authors then describe the specific ways in which these changes have affected two nations: Nigeria, a relatively open economy, India, a relatively closed economy. In conclusion, they draw on the lessons of global and domestic development for a discussion of prospects in the 1990s.This important study will prove invaluable to policymakers and economists who seek to use the experience of the past to solve the problems of the future.Trade Review'Even with its avowed interventionist bias, the book throughout sustains a remarkable objectivity in evaluating the competing paradigms of development economics. Singer, co-author of this little gem of a book, is certainly one of the early pioneers of development economics. . . . The nontechnical, clean, and clear presentation of the pith of the competing theories of economic growth and development will be extremely helpful to initiate undergraduates, to refresh graduate students, and to guide civil servants in the LDCs.' -- Choice'These two distinguished authors combine their expertise to provide an overview of development progress since Bretton Woods. . . . This book provides an excellent summary of development thinking and strategy over the past 40 years. The balance of theory and case-studies is very helpful, and makes the argument extremely persuasive. The book is highly recommended for advanced undergraduate and postgraduate students and researchers in development studies generally, international political economy, international relations generally and area studies.' -- Caroline Thomas, International Affairs'This is an important book. It analyzes forty years of world development scenarios in a comprehensive and competent manner.' -- Rati Ram, Kyklos'It is impossible in a short review to do real justice to Roy's impressive collection of data . . . . his case studies will certainly become an important reference source for economists. . .' -- Hans Ulrich Esslinger, Review of Political Economy'The book provides a forceful critique of 50 years of development thinking and the international institutional largely responsible for implementing it. It offers important insights into the workings of the international political economy and the resulting marginalization of a large part of the population of the world.' -- Jerker Carlsson, Journal of Developing AreasTable of ContentsPart 1 Lessons of overall post-war development experience 1945-1989. Part 2 Economic progress and development - the domestic level: case outline; Nigeria - the case of an open economy; India - the case of a closed economy; development in open and closed economies - insights from India and Nigeria. Part 3 The 1990s - on to fortune or bound in miseries.

Read more less

Book SynopsisThe theme of economic decline has dominated research into the modern economic history of the United Kingdom. Scholars have charted its fall from pre-eminence since the late nineteenth century and the loss of its position as the world's leading industrial nation. This authoritative two volume set provides a representative selection of the seminal contributions which have stimulated debate and research on this topic, and demonstrates the variety of views and the richness and quality of research by British and American scholars on the development of the modern British economy.The first volume provides a broad overview of Britain's growth and examines the general problems of growth and decline from late Victorian and Edwardian times to the present. The final section and the opening sections of Volume II are devoted to the principal factors which have been advanced as explanations for Britain's apparent inability to sustain its competitive position. Volume I concludes with a selection of articles on the quality of perfomance of British entrepreneurs and managers and their response to technical change.Volume II covers major themes including the attitudes of labour and trades unions, the contribution of education, science and technology to economic growth, the influence of capital markets and imperialism, and the effects of international trade and demand on the British economy. In conclusion, some specific studies of key industries have been chosen to illustrate many of these general themes.Trade Review'University and college libraries, and even some individual scholars and students, will welcome and treasure these volumes.' -- Sidney Pollard, The Economic JournalTable of ContentsContents: Volume I: Part I: Long-Run Growth: An Overview Part II: Retardation and the Victorian Climacteric Part III: Relative Decline: The Inter-War and Post-War Periods Part IV: Entrepreneurship, Management and Technical Change Name Index • Volume II: Part I: Labour: Trade Unions, Skill and Education Part II: Capital Markets and Imperialism Part III: International Trade and Demand Part IV: Industry Studies

Read more less

Book SynopsisIn The Economic Development of Ireland since 1870 Cormac O'Grada presents a carefully chosen set of articles and papers which assess the economic history of Ireland from the after effects of the Great Famine to protectionism in the 1930s and Ireland's membership of the European Monetary System in the 1980s. The set includes a comprehensive introduction specially written by the editor which surveys the literature and indicates key themes and trends.Table of ContentsVolume 1: Part 1 1870-1921: "Did the Great Famine Matter?", Kevin O'Rourke; "New Evidence on the Fertility Transition in Ireland 1880-1911", Cormac O'Grada; "Irish Emigration in the Late 19th Century", David Fitzpatrick; "A New Look at the Irish Land Question", Barbara Lewis Solow; "Statistical Notes on the Economic History of Irish Agriculture 1847-1913", Hans Staehle; "Regional Specialization, Railway Development, and Irish Agriculture in the 19th Century", Liam Kennedy; "'The Best of All Home Rulers' - The Economic Power of Women in Ireland, 1880-1914", Joanna Bourke; "The Decline of Irish Industry in the 19th Century", Eoin O'Malley; "In and Out of Ireland - The Distillers Company Ltd. and the Irish Whiskey Trade 1900-39", R.B. Weir; "The Establishing of the Irish Pound - A Backward Glance", John L. Pratschke. Part 2 1921-1956: "Griffith on his Noble Head - The Determinants of Cumann na nGaedheal Economic Policy, 1922-32", T.K. Daniel; "Patrick Hogan - Minister of Agriculture 1922-1932", George O'Brien; "National Self-Sufficiency", John Maynard Keynes; "An Irish-Ireland for Business? - The Control of Manufactures Acts, 1932 and 1934", Mary E. Daly; "Price Ratios in Recent Irish Agricultural Experience", Joseph Johnston; "Mr Whitaker and Industry", Garret Fitzgerald; "Protection, Economic War and Structural Change - The 1930s in Ireland", J. Peter Neary and C.O. Grada; "Burn Everything English but Their Coal - The Anglo-Irish Economic War of the 1930s", Kevin O'Rourke; "The Irish Economy During the War", James F. Meenan; "Economists and Governments - Ireland 1922-52", Ronan Fanning; "The Northern Ireland Economy 1914-39", D.S. Johnson; "Measurement of Tariff Levels for Ireland, for 1931, 1936, 1938", W.J.L. Ryan; "Emigration, Immigration and Internal Migration", Commission on emigration and other population problems 1948-1954; "Protectionism and the Irish Footwear Industry, 1932-39", J.P. Press; "An Analysis of the Relative Size of the Government Sector - Ireland 1926-52", John W. O'Hagan. Volume 2: Part 3 1956 to the present: "Irish Economic Development Since the Treaty", R.C. Geary; "From Protection to Free Trade - The Irish Experience", T.K. Whitaker; "The Failure of Economic Nationalism", P. Neary; "Ulster's Economic Structure", K.S. Isles and N. Cuthbert; "European Integration and the Irish economy", D. McAleese; "The Problem of Late Industrialisation and the Experience of the Republic of Ireland", Eoin O'Malley; "Society and Culture", Joseph Lee; "Money in an Economy Without Banks - The Case of Ireland", Antoin E. Murphy; "The Legacy of Economic Development - The Irish Economy 1960-1987", John Bradley; "Ireland's Membership of the European Monetary System - Expectations, Out-Turn and Prospects", Brendan M Walsh; "Do Tariffs Matter? Industrial Specialization and Trade in a Small Economy", Dermot McAleese; "An Analysis of the Growth of the Public Sector in Ireland, 1953-77", John W. O'Hagan. (Part contents).

Read more less

Book SynopsisIn The Capitalist Revolution in Eastern Europe, Laszlo Csaba offers an applied economics interpretation of the modernization attempts which followed the collapse of the Soviet empire and of the state socialist experiment. This important book presents a comprehensive overview of empirical and theoretical developments in order to analyse and interpret what common factors or trends are discernible in the transformation process. From 1989 to 1994 a loss of employment and production was recorded in Eastern Europe which exceeded that of the great depression of the 1930s. This book questions why conventional economic doctrines seem to have failed in some countries but have been more successful in others. What - if anything - went wrong with an experiment which involved some of the most prominent economists in the world? Why did shock therapy fail in Russia and why is gradualism reaching its outer most limits in Hungary? In attempting to build a bridge between abstract economic theory and the empirical material available in Eastern Europe, the author adopts a broad framework of analysis making use of data and theories drawn from sociology, history and political science. In developing an analytical framework, and through its application by a single author, this book presents a unique, authoritative perspective on the transformation of Eastern Europe. Students, academic researchers, journalists and policymakers will welcome this decisive assessment of the empirical and theoretical insights resulting from the transformation of Eastern Europe.Trade Review’This book by Laszlo Csaba is an important summary of the comparative economic literature stressing economic policy aspects. Beyond that it also has a theoretical meaning too . . . Its accurate style is not immersed in professional jargon, and this makes it suitable for a wider audience.’Table of ContentsContents: Preface Part I: Setting the Task Part II: The Environment Part III: Salient Features of Systemic Change Part IV: Individual Case Studies Part V: The International Dimension Part VI: Review and Prospects Bibliography Index

Read more less

Book SynopsisDenmark and Norway share the general Scandinavian accomplishment of rapid growth and comprehensive welfare institutions. This volume brings together the major articles of leading Scandinavian scholars, economists and historians, explaining and analysing this development.Table of ContentsContents: 1. The Industrial Breakthrough 2. Income, Growth and Economic Policy in the 20th Century 3. Innovation and Technological Change 4. Wages, Unions and the Labour Market 5. Foreign Trade 6. The Public Sector

Read more less

Book SynopsisThis comprehensive volume comprises articles on the main aspects of Belgian social-economic history. Various topics are discussed within the volume to give a global picture of the Belgian economy since 1870: the Belgian economy in the long run, demography, macroeconomic studies with respect to the different economic sectors, technological innovation, public policy and standards of living. The Economic Development of Belgium since 1870 will be of particular interest to students and researchers of social and economic history, demography, economics and sociology.Table of ContentsContents: Introduction Part I: General Part II: The Economic Sectors Part III: Economic Policies Part IV: Social Aspects Index

Read more less

Book SynopsisIn the mid-nineteenth century, France was the second industrial power in the world. However, she was soon to be overtaken by the US, Germany and Japan and also badly suffered from the World Wars and the depression of the 1930s. The literature in these volumes covers French economic development from 1870 to the present and will be indispensable especially to students of France and Western Europe and of twentieth century economics.Trade Review'For those of us who teach the economic history of France these two volumes are very useful indeed.' -- Frances M.B. Lynch, Business HistoryTable of ContentsContents: 1. The Debate on French Performances 2. Quantitative Data 3. Agriculture 4. Human Capital and Technology 5. Industrial Studies 6. Foreign Connections 7. Banking and Money 8. Recent Developments

Read more less

Book SynopsisInterest in Italy's development is warranted by the size of the country, the level of income it has achieved and the lessons its particular story may contain. The relevant literature is extensive and includes studies by social historians as well as by economic historians and economists. Most of the literature available is in Italian, although the work in English is growing. This compreheensive volume brings together in an easily accessible form the main articles, some of which are published here in English for the first time. The introduction aims to provide the non-Italian reader with a general overview of the discussion that forms the background to the essays collected. The volume contains chapters on the development process, agriculture, industrialization, technical progress, industrial policy, the macroeconomic framework and the issue of geographical and economic dualism.Table of ContentsNotes on the rate of industrial growth in Italy, 1881-1913, Alexander Gerschenkron; the industrial development of Italy - a debate with Rosario Romeo, Alexander Gerschenkron; the industrial revolution in Italy 1830-1914, Luciano Cafagna; Italian capitalism - general interpretative guidelines, Franco Bonelli; Italy, Giovanni Federico and Gianni Toniolo; was Italian fascism a developmental dictatorship? some evidence to the contrary, Jon S. Cohen; catching up or falling behind? Italy's economic growth, 1895-1947, Nicola Rossi and Gianni Toniolo; a century of change - trends in the composition of the Italian labour force, 1881-1981, Vera Zamagni; international resource flows and construction movements in the Atlantic economy - the Kuznets cycle in Italy, 1861-1913, Stefano Fenoaltea; commercialization and economic development in Italy, (1860-1940), G. Federico; sharecropping and productivity - "Feudal Residues" in Italian agriculture, 1911, Jon S. Cohen and Francesco L. Galassi; the poverty of Italy and the backwardness of its agriculture before 1914, Patrick K. O'Brien and Gianni Toniolo; business history in Italy - a provisional review and research prospects, Duccio Bigazzi; an international comparison of real industrial wages, 1890-1913 - methodological issues and results, V. Zamagni; Italy, Stefano Fenoaltea; Italian financial structures - long-term quantitative profiles (1870-1970), P. Ciocca and A.M. Biscaini Cotula; industry and finance in Italy, 1918-1940, Pierluigi Ciocca and Gianni Toniolo; Italy in the gold standard period, 1861-1914, Michele Fratianni and Franco Spinelli; the state and the economy in the industrialization of Italy from its origins to the welfare state, Franco Bonelli; discussion on the origins of the Italian economic dualism, L. Cafagna; the North-South differential in Italian economic development, Richard S. Eckaus.

Read more less

Book SynopsisIn Economic and Industrial Performance in Europe, a distinguished group of scholars compares the fortunes of different European nations in the period of economic restructuring, uncertainty, and generally slower economic growth that followed the oil crisis of the 1970s. Using meaningful quantitative data, the authors address the deterioration and divergence of economic performance across Europe since 1973. They look at attempts to improve domestic competitiveness, labour market deregulation, the impact of research and development on economic success, comparative analysis of state expenditure and debt, the military economy and the social consequences of industrialism and industrial restructuring. This volume seeks to show how the post-war boom has unravelled and how this process has impacted upon different European economies.Economic and Industrial Performance in Europe will be welcomed by students, researchers and policy makers seeking comprehensive, meaningful information on why some national economies have been better placed than others to shoulder the burden of the more intense, global competitive pressures that have become part of the post-1973 world economy.Trade Review’This useful book of papers examines the deterioration and divergence of economic performance across European countries since 1973. . .’ -- Aslib Book GuideTable of ContentsContents: 1. Introduction (P. McVeigh) 2. Europe in Figures: National Income and Employment (J. Michie) 3. Industry: Performance and Policies (M.C. Sawyer) 4. Labour Markets: Diversity in Restructuring (P. Nolan and D. Harvie) 5. Science and Technology, R & D and Innovation (D. Archibugi and J. Michie) 6. State Expenditure and Economic Performance (D. Coates and M. Wiggen) 7. The Military Economy in Europe (P. Dunne) 8. The Social Consequences of Industrialism (M. Rudd) Index

Read more less

Book SynopsisThis major collection presents the most important articles and papers tracing the growth and development of Germany = the most powerful economy in Europe = since 1870.It begins with a general overview of German economic development including an exploration of trends, cycles and structural change; the place of the German economy in the world economy and its performance in comparison with other countries; and an investigation of its economic development from a microeconomic perspective, with studies on the rise of German enterprises. It also investigates particular problems of certain periods in German history. Topics covered include: industrialization, growth and the role of agriculture in Imperial Germany; the inflation, hyper-inflation and depression of the inter-war years, the end of the Weimar Republic and the War economy of the Nazi period; and the separate developments of East and West Germany after World War II.Trade Review’In absence of a much-needed modern textbook on the whole period, this volume will be much welcomed by teachers, students, and researchers.’ -- Ludger Lindlar, The Economic JournalTable of ContentsContents: Volume I: Part I: Economic Development in the Long Run: Growth, Structural Changes and Cycles Part II: Germany in the World Economy of the Nineteenth Century Part III: Enterprises in the German Economy Part IV: The Economic History of the German Empire Name Index • Volume II: Part I: The War and Interwar Years Part II: The Post-War Economic Development of West Germany Part III: The Post-War Economic Development of East Germany Name Index

Read more less

Book SynopsisThis succinct volume of previously published articles and papers is aimed at those interested in particular problems of Austrian economic and social history. It clearly emerges from the volume that much of Austria's economic history remains the subject of dispute and there is still much research-work to be done. The Economic Development of Austria since 1870 is intended to shed further light upon the interaction of economic, social and political factors in Austria's development. The volume begins with a comprehensive new introduction written by the editor and follows with important contributions on The Habsburg Monarchy, 1870-1918, The Interwar Period, 1918-1938, Austria after Anschluss, 1938-1945 and Austria's Economy, 1945-1990.Trade Review'To review this collection is to review the achievements of recent Austrian economic historiography, of which the thirty-three articles and excerpts reprinted here, some of them newly translated into English, form an excellent selection. . . . This addition to the Edward Elgar "Reference Collection" series does its job well. Economists interested in universal banks ought especially to consult it.' -- T. Balderston, The Manchester SchoolTable of ContentsVolume I PART ONE: CLASSICS 1. R.H. Coase (1972), ‘Industrial Organization: A Proposal for Research.’ 2. Kenneth J. Arrow (1974), ‘Organization and Information.’ 3. Herbert A. Simon (1962), ‘The Architecture of Complexity.’ PART II: RUDIMENTS 4. Armen A. Alchian and Harold Demsetz (1972), ‘Production, Information Costs, and Economic Organization.’ 5. Benjamin Klein, Robert G. Crawford and Armen A. Alchian (1978), ‘Vertical Integration, Appropriable Rents, and the Competitive Contracting Process.’ 6. Oliver E. Williamson (1979), ‘Transaction-Cost Economics: The Governance of Contractual Relations.’ 7. Oliver E. Williamson (1991), ‘Comparative Economic Organization:The Analysis of Discrete Structural Alternatives.’ 8. David J. Teece (1982), ‘Towards an Economic Theory of the Multiproduct Firm.’ PART III: PRIVATE ORDERING AND CREDIBILITY 9. Benjamin Klein and Keith B. Leffler (1981), ‘The Role of Market Forces in Assuring Contractual Performance.’ 10. Oliver E. Williamson (1983), ‘Credible Commitments: Using Hostages to Support Exchange.’ 11. Avner Greif (1993), ‘Contract Enforceability and Economic Institutions in Early Trade: The Maghribi Traders' Coalition.’ 12. Douglass C. North and Barry R. Weingast (1989), ‘Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England.’ PART IV: CONTRACTS AND ORGANIZATION 13. Sanford J. Grossman and Oliver D. Hart (1986), ‘The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration.’ 14. Oliver Hart and John Moore (1990), ‘Property Righs and the Nature of the Firm.’ 15. Michael H. Riordan (1990), ‘What is Vertical Integration.’ 16. Jean Tirle (1988), ‘The Theory of the Firm.’ PART V: INTERNAL ORGANIZATION 17. Oliver E. Williamson (1985), ‘The Limits of the Firms: Incentive and Bureaucratic Features.’ 18. Paul Milgrom and John Roberts (1990), ‘Bargaining Costs, Influence Costs, and the Organization of Economic Activity.’ 19. David M. Kreps (1990), ‘Corporate Culture and Economic Theory.’ 20. Bengt Holmstrom and Paul Milgrom (1991), ‘Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design.’ 21. Masahiko Aoki (1990), ‘Toward an Economi Model of the Japanese Firm.’ PART VI: PROSPECTS AND RETROSPECTIVE 22. Eirik G. Furubotn and Rudolf Richter (1991), ‘The New Institutional Economics: An Assessment.’ 23. Ronald H. Coase (1991), ‘The Institutional Structure of Production.’ 24. Richard A. Posner (1993), ‘The New Institutional Economics Meets Law and Economics.’ 25. Ronald H. Coase (1993), ‘Coase on Posner on Coase.’ 26. Oliver E. Williamson (1993), ’Transaction Cost Economics Meets Posnerian Law and Economics.’ Volume II PART I: VERTICAL INTEGRATION 1. Benjamin Klein (1988), ‘Vertical Integration as Organizational Ownership.’ 2. Paul L. Joskow (1985), ‘Vertical Integration and Long-term Contracts: The Case of Coal-burning Electric Generating Plants.’ 3. Kirk Monteverde and David J. Teece (1982), ‘Supplier Switching Costs and Vertical Integration in the Automobile Industry.’ 4. Scott E. Masten (1984), ‘The Organization of Production: Evidence from the Aerospace Industry.’ 5. Erin Anderson and David C. Schmittlein (1984), ‘Integration of the Sales Force: An Empirical Examination.’ 6. George John and Barton A. Weitz (1988), ‘Forward Integration into Distribution: An Empirical Test of Transaction Cost Analysis.’ 7. Scott E. Masten, James W. Meehan Jr. and Edward A. Synder (1991), ‘The Costs of Organization.’ PART II: CONTRACTING 8. Thomas M. Palay (1984), ‘Comparative Institutional Economics: The Governance of Rail Freight Contracting.’ 9. Victor P. Goldberg and John R. Erickson (1987), ‘Quantity and Price Adjustment in Long-Term Contracts: A Case Study of Petroleum Coke.’ 10. Paul L. Joskow (1987), ‘Contract Duration and Relationship-Specific Investments: Empirical Evidence from Coal Markets.’ 11. J. Harold Mulherin (1986), ‘Complexity in Long-term Contracts: An Analysis of Natural Gas Contractual Provisions.’ 12. Scott. E. Masten and Keith J. Crocker (1985), ‘Efficient Adaptation in Long-Term Contracts: Take-or-Pay Provisions for Natural Gas.’ 13. Keith B. Leffler and Randal R. Rucker (1991), ‘Transactions Costs and the Efficient Organization of Production: A Study of Timber-Harvesting Contracts.’ 14. Keith J. Crocker and Scott E. Masten (1991), ‘Pretia ex Machina? Prices and Process in Long-Term Contracts.’ PART III: REGULATION AND POSITIVE POLITICAL ECONOMY 15. Oliver E. Williamson (1976), ‘Franchise Bidding for Natural Monopolies – In General and with Respect to CATV.’ 16. Victor P. Goldberg (1976), ‘Regulation and Administered Contracts.’ 17. George L. Priest (1993), ‘The Origins of Utility Regulation and the “Theories of Regulation” Debate.‘ 18. Brian Levy and PabloT. Spiller (1994), ‘The Institutional Foundations of Regulatory Commitment: A Comparative Analysis of Telecommunications Regulation.’ 19. Barry R. Weingast and William J. Marshall (1988), ‘The Industrial Organization of Congress; or, Why Legislatures, Like Firms, Are Not Organized as Markets.’ 20. Rafael Gely and Pable T. Spiller (1990), ‘A Rational Choice Theory of Supreme Court Statutory Decisions with Applications to the State Farm and Grove City Cases.’ PART IV: ANTITRUST 21. Oliver E. Williamson (1979), ‘Assessing Vertical Market Restrictions: Antitrust Ramifications of the Transaction Cost Approach.’ 22. Roy W. Kenney and Benjamin Klein (1983), ‘The Economics of Block Booking.’ 23. Scott E. Masten and Edward A. Snyder (1993), ‘United States versus United Shoe Machinery Corporation: On the Merits.’

Read more less

Book SynopsisFor more than 20 years, William Lazonick has been one of the world's leading analysts of the dynamics of industrial development and change in international economic leadership. This impressive volume presents a coherent selection of Professor Lazonick's most important work on industrial development in Britain and the United States.The first part of the book contains articles on the decline of the British economy, including a recent summary of the debates on the British cotton textile industry and international competition. The second part focuses on labour, management and technology in the rise and recent decline of the US economy, and includes an up-to-date summary essay on organizational capabilities in American industry. Professor Lazonick's essays make historical analysis relevant to the present and put economic analysis back in touch with evolving reality. This approach, together with his unique combination of historical, statistical and theoretical methodologies, will ensure that this volume proves invaluable to economists and historians alike.Trade Review'This is a timely useful collection of Professor Lazonick's principal articles on those related themes in economic history to which he has devoted his considerable scholarly abilities and his stimulating search for originality.'

Read more less

Book SynopsisThis two volume set presents many of the most important articles on the reciprocal effects of the international system (both its political-economic and political-military attributes) and the domestic political and economic structures of the states that compose that system.Table of ContentsCONTENTS INTRODUCTION PART I: Classical Political Economy D. F. Gordon (1959), ‘What was the Labour Theory of Value?’ P. J. McNulty (1967), ‘A Note on the History of Perfect Competition’ T. Peach (1984), ‘David Ricardo’s Early Treatment of Profitability: A New Interpretation’ N-P. Ong (1983), ‘Ricardo’s Invariable Measure of Value and Sraffa’s “Standard Commodity’ W. O. Thweatt (1976), ‘James Mill and the Early Development of Comparative Advantage’ W. J. Baumol (1977), ‘Say’s (at Least) Eight Laws, or What Say and James Mill May Really Have Meant’ W. D. Grampp (1979), ‘The Economists and the Combination Laws’ P. Van Parijs (1980), ‘The Falling-Rate-of-Profit Theory of Crisis: A Rational Reconstruction by Way of Obituary’ PART II: The Marginal Revolution and Its Aftermath P. Mirowski (1984), ‘Physics and the “Marginalist Revolution”’ T. W. Hutchison (1969), ‘Economists and Economic Policy in Britain after 1870’ R. B. Ekelund, Jr. and R. F. HEBERT (1969), ‘Public Economics at the Ecole des Ponts et Chausées: 1830-1850’ P. Gramm (1970), ‘Giffen’s Paradox and the Marshallian Demand Curve’ D. A. Walker (1972), ‘Competitive Tâtonnement Exchange Markets’ D. A. Walker (1984), ‘Is Walras’s Theory of General Equilibrium a Normative Scheme?’ D. A. Collard (1984), ‘Leon Walras and the Cambridge Caricature’ C. E. Ferguson and D. L. Hooks (1971), ‘The Wicksell Effects in Wicksell and Modern Capital Theory’ PART III: The Twentieth Century P. Murrell (1983), ‘Did the Theory of Market Socialism Answer the Challenge of Ludwig von Mises?: A Reinterpretation of the Socialist Controversy’ D. P. O’Brien (1985), ‘Research Programmes in Competitive Structure’ L. S. Moss and K. I. Vaughn (1986), ‘Hayek’s Ricardo Effect: A Second Look’ D. Patinkin (1972), ‘Friedman on the Quantity Theory and Keynesian Economics’ T. Mayer (1980), ‘David Hume and Monetarism’

Read more less

Book SynopsisFrom an international perspective the Swedish economy has some unique features and therefore affords a most interesting model for researchers in economic history. The country has experimented with numerous economic strategies including pre-Keynesian policies in the 1930s, active labour market policies and an extensive welfare system. This book covers the most important aspects of the Swedish economy: two brief sections concerning historiography and offering a general background to the subject are followed by a selection of articles on demography, migration, the labour market, agriculture, industrialization, transport, trade, industrial organization, finance and economic policy. The volume brings together a unique and comprehensive collection of the most significant studies on the development of the Swedish economy since 1870. Several of the contributions appear for the first time in English.Table of ContentsContents: Introduction Part I: Historiography Part II: General Part III: Demography Part IV: Migration Part V: Labour Market Part VI: Agriculture Part VII: Industrialization Part VIII: Transportation Part IX: Trade Part X: Industrial Organization Part XI: Money and Banking Part XII: Economic Policy Index

Read more less

Book SynopsisJapan and South Korea are two of the most important success stories in recent economic history. Both countries have succeeded in achieving remarkably high growth rates to transform themselves from isolated agricultural societies to major industrial powers.In The Economics of Rapid Growth, Dirk Pilat uses catch-up theory to explain why countries with lower levels of income can use the technology of more advanced economies to foster growth and industrialization. His analysis emphasizes the importance of pre-existing education levels, financial and commercial institutions and infrastructure to explain the rapid economic growth of Japan and Korea. A growth accounting framework is used to show the contribution of capital, labour and land to the rapid economic growth from the early 1950s. This growth is put in an international perspective by detailed sectoral productivity comparisons which include discussion of some of the measurement problems implicit in international comparisons. The final parts of the book look at the links between productivity and competitiveness, as well as the role of trade policy and exports in productivity growth.This acclaimed book will be widely read by researchers, students and policymakers concerned with growth, development and the emergence of two of the most powerful economies in the modern world.Trade Review'An excellent study of Japanese and Korean economic performances during this century, analysing how and how far they have turned themselves into major industrial powers.' -- Aslib Book Guide'. . . a first rate piece of work, carefully done, full of illuminating details, and offering a rich body of materials for others to work with. . . ' -- William J. Baumol, New York University and Princeton University, US'A meticulous and authoritative study of Japanese and Korean economic performances in the twentieth century. A penetrating analysis of how and how far they have caught up with Western economies.' -- Angus Maddison, University of Groningen, The Netherlands'Highly recommended for all serious students of East Asian economies. Upper-division undergraduate through faculty.' -- K.B. Lee, Choice'Annex tables, which run to nearly a quarter of the book, should prove very useful to future researchers. In this regard, the author should be given credit. . .' -- Man-Seop Park, The Manchester School'. . . well written and presented with a helpful bibliography. . . . a substantial addition to our understanding of catch-up and the basis for further research on Japan and Korea.' -- W.J. MacPherson, Asia Pacific Business Review'The monograph under review is a painstaking and through piece of research. It is addressed towards academic economists interested in economic growth. Economist interested in the endogenous growth theory will find this monograph particularly useful.' -- Dipak Ghosh, Science, Technology & DevelopmentTable of ContentsThe Japanese economy in historical perspective; Korean economic history; explaining Japanese growth; analyzing Korean economic development; Japanese productivity levels; Korean productivity performance; international comparisons of productivity levels; productivity and competitive performance; the economics of rapid growth.

Read more less

Book SynopsisThis authoritative volume traces the creation and development of the EEC as an institution and assesses its impact on the economic development of Europe and the policy areas under its control.The book includes a thorough discussion of the background and origins of the European Economic Community. In the early years of post-war Europe, the continuous search for a multilateral commercial agreement resulted in various plans for European commercial cooperation. These schemes were proposed less in a desire for European integration and supranational institutions, than in response to real economic problems and were the precursors to the formation of the EEC.The next section investigates the process of creating the EEC including the road to integration of the major founding members, and the attitude of the United States to European integration.Finally, it discusses the economic development of the EEC since 1957. It explores major themes including the impact of the Community on trade and agriculture and on competition and financial policy, as well as the effects of its own enlargement. The study ends with the steps towards closer union embodied in the Treaty of Maastricht, which signalled the transformation of the European Economic Community into the European Union.Trade Review'. . . the first two parts contain some excellent material. . .' -- Peter Holmes, Regional Studies'. . . the quality of reproduction is good . . . its commendable aspect is that it brings together under one roof a diverse range of interpretations in easily accessible form.'– Steven Morewood, The Economic JournalTable of ContentsContents: Introduction Part I: Towards the EEC 1945–55 Part II: The Creation of the EEC Part III: The Economic Development of the EEC, 1957–92 Index

Read more less

Book SynopsisThis important book offers an overview of Spanish economic development in the last hundred years. It supplies the reader with a variety of papers which deal both with the central issue of Spanish economic history, namely the relative backwardness of the economy, and with specific topics, including demography, human capital formation agriculture, industry, economic policy and finance. The editors have written a new introduction to accompany the volume.Table of ContentsGrowth and backwardness - interpretations; population and human capital; agriculture, mining and energy; industry and trade; banking and finance.

Read more less

Book SynopsisThe articles in this volume give a balanced picture of the main debates of Dutch economic history after 1870: the slow industrialization in the nineteenth century, the protracted character of the depression of the 1930s; the 'Dutch miracle' of 1950 to 1973 and the 'Dutch disease' of the 1970s and 1980s. Some eminent contributions to these debates have been translated here in to English for the first time.Table of ContentsContents: Introduction 1. Backward, Late or Different?: Aspects of the Economic Development of the Netherlands in the 19th Century 2. The Role of the Outer Provinces in the Process of Dutch Economic Growth in the 19th Century 3. Industrialization and Economic Growth in the Netherlands during the Nineteenth Century: An Integration of Recent Studies 4. Long-Term Trends in Income and Wealth Inequality in the Netherlands 1808–1940 5. The Economic Relationship Between the Netherlands and Colonial Indonesia, 1870–1940 6. The Dance Round the Gold Standard: Economic Policy in the Depression of the 1930s 7. Interwar Unemployment in the Netherlands 8. Sinecures or Sinews of Power? Interlocking Directorships and Bank-Industry Relations in the Netherlands, 1910–1940 9. The Dutch Economic Miracle 10. The Economic Development of the Netherlands and Belgium and the ‘Success’ of the Benelux, 1945–1958 11. Economic Crisis and Economic Policy in the Thirties and Seventies 12. The Vintage Approach to Output and Employment Growth in the Netherlands, 1921–1976 13. Dating Postwar Business Cycles in the Netherlands, 1948–1976 Index

Read more less

Book SynopsisThis essential book collects together, for the first time, the writings of Deirdre McCloskey on economic history and the rhetoric of economics. The essays have been presented to show McCloskey's evolution over time: from economist to critic, positivist to postmodernist, conventional economist to feminist economist, man to woman. Measurement and Meaning in Economics allows the reader to experience an astonishing personal and intellectual journey with one of today's most fascinating economists.McCloskey argues that economics has become ahistorical and narrowly scientific, which is a harmful development for a moral science. In all of the papers presented in this volume she writes with historical consciousness and critical understanding, in an attempt to repair the dysfunctional relationship between economics and the humanities.This book should be read not only by students and scholars of economic history and philosophy, but by all those concerned with the state of economics and its place in the social sciences.Trade Review'. . . for those who have not read McCloskey . . . I would strenuously urge their attention. They will find a very bright, imaginative mind at work, writing in an engaging, vigorous style. She provides a good test of our understanding of neoclassical theory and, for those of a different persuasion, an even better test of our ability to critically evaluate that theory. Moreover, she's certainly not above taking her fellow neoclassical theoreticians to task for various shortcomings . . . I would recommend reading these essays . . . she is always imaginative, provocative, perceptive. And perhaps most important, she's entertaining - though with a serious purpose. And that cannot be said of very many of our tribe.' -- John F. Henry, History of Economics ReviewTable of ContentsContents: Introduction Preface: Personal Knowledge Part I: Writing Historical Economics as if Measurement Mattered Part II: Writing Economics and History as if Meaning Mattered Index

Read more less

Book SynopsisThis collection of important previously published articles reflects the vigorous implementation of privatization in Europe and the deregulation in the United States over the last quarter century. The evolution of the movements is described, both intellectually and politically. Deregulation and privatization are bound together by the economic, political and intellectual underpinnings that gave rise to their implementation. The editors have written a new introduction to accompany the volume.Table of ContentsPART I THE EVOLVING INTELLECTUAL HERITAGE A THEORIES OF GOVERNMENT FAILURE, PROPERTY RIGHTS AND PRIVATIZATION 1. Louis De Alessi (1980), ‘The Economics of Property Rights: A Review of the Evidence’ 2. William A. Niskanen (1975), ‘Bureaucrats and Politicians’ 3. David E.M. Sappington and Joseph E. Stiglitz (1987), ‘Privatization, Information and Incentives’ 4. Carl Shapiro and Robert D. Willig (1990), ‘Economic Rationales for the Scope of Privatization’ in Ezra N Suleiman and John Waterbury (eds) B THEORIES OF REGULATION AND THE DEREGULATION MOVEMENT 5. Harvey Averch and Leland L. Johnson (1962), ‘Behavior of the Firm under Regulatory Constraint’ 6. George J. Stigler (1971), ‘The Theory of Economic Regulation’ 7. Sam Peltzman (1989), ‘The Economic Theory of Regulation after a Decade of Deregulation’ 8. Richard E .Caves (1976), ‘The Kennedy Subcommittee’s Civil Aeronautics Board Practices and Procedures’ C THE THEORY OF CONTESTABLE MARKETS AND DEREGULATION 9. Gerald R. Faulhaber (1975), ‘Cross-Subsidization: Pricing in Public Enterprises’ 10. William J. Baumol, Elizabeth E Bailey and Robert D Willig (1977), ‘Weak Invisible Hand Theorems on the Sustainability of Multiproduct Natural Monopoly’ 11. Michael Spence (1983), ‘Contestable Markets and the Theory of Industry Structure: A Review Article’ 12. Elizabeth E. Bailey (1981), ‘Contestability and the Design of Regulatory and Antitrust Policy’ 13. Alfred E. Kahn (1979), ‘Applications of Economics to an Imperfect World’ PART II PRIVATIZATION: THEORY AND PRACTICE A A MIXED WORLD OF PRIVATIZATION AND REGULATION 14. George Yarrow (1986), ‘Privatization in Theory and Practice’; also ‘Discussion’ by Mervyn King, Jacques Mairesse and Jacques Melitz 15. M. E.Beesley and S. C. Littlechild (1989), ‘The Regulation of Privatized Monopolies in the United Kingdom’ 16. Dieter Bos (1993), ‘Privatization in Europe: A Comparison of Approaches’ 17. Janet Rothenberg Pack (1991), ‘The Opportunities and Constraints of Privatization’ B COMPARING EFFICIENCY OF PRIVATE AND PUBLIC FIRMS 18. Douglas W. Caves and Laurits R. Christensen (1980), ‘The Relative Efficiency of Public and Private Firms in a Competitive Environment: The Case of Canadian Railroads’ 19. Scott E. Atkinson and Robert Halvorsen (1986), ‘The Relative Efficiency of Public and Private Firms in a Regulated Environment: The Case of U. S. Electric Utilities’ 20. David G. Davies (1971), ‘The Efficiency of Public versus Private Firms The Case of Australia’s Two Airlines’ 21. Anthony E.Boardman and Aidan R.Vining (1989), ‘Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed and State-owned Enterprises’ PART III FEATURES OF THE DEREGULATED MARKETPLACE 22. Gregg A. Jarrell (1984), ‘Change at the Exchange: The Causes and Effects of Deregulation’ 23. Severin Borenstein (1992), ‘The Evolution of U.S. Airline Competition’ 24. Ann F. Friedlaender (1992), ‘Coal Rates and Revenue Adequacy in a Quasi-Regulated Rail Industry’ 25. Clifford Winston (1993), ‘Economic Deregulation: Days of Reckoning for Microeconomists’ 26. Jerry Hausman, Timothy Tardiff and Alexander Belinfante (1993), ‘The Effects of the Breakup of AT&T on Telephone Penetration in the United States’ 27. William E. Taylor and Lester D. Taylor (1993), ‘Postdivestiture Long-Distance Competition in the United States’ 28. Ronald R. Braeutigam and John C. Panzar (1993), ‘Effects of the Change from Rate-of-Return to Price-Cap Regulation’

Read more less

Book SynopsisThe Historical Evolution of the International Political Economy focusses on the role of intersocietal and interstate relations in the evolution of human societies from hunter-gatherer bands to the contemporary global system. The essays and research articles included are by ethnographers, archaeologists, political scientists, economists, historians, geographers and sociologists. The emphasis is on long run, large scale structural change and the historical evolution of human institutions.Table of Contents42 articles, dating from 1942 to 1992 Contents: Volume I: Acknowledgements Introduction Part I: Classics Part II: Long Term Continuities and Changes in Internaitonal Political Economies Part III: States and Capitalism Name Index • Volume II: Acknowledgements Part I: Hierarchy and Dependence Part II: The Rise and Fall of Great Powers Part III: Global Integration Index

Read more less

Book SynopsisThese two volumes provide a range of perspectives on the collapse of the world economy in the interwar period, a time when problems of crisis and confrontation drastically affected world economic performance. During this period, national and international politics intruded upon global economic relations with more intensity than before. Trade and finance became instruments of government policy with the emergence of macroeconomic analyses of domestic economic performance. While the volumes concentrate on the major trends in the global economy as a whole, attention is also paid to developments in particular economies.The editor’s introduction provides a thematic overview of the main questions raised by this complex period. The Disintegration of the World Economy Between the World Wars, with its focus upon the period’s newly developing concepts for understanding trade and the macroeconomy, will be essential reading for understanding the growth and development of the world economy.Table of ContentsVolume I Acknowledgements Introduction Part I: A Contemporary’s Overview 1. H.D. Henderson (1955), ‘International Economic History of the Inter-war Period’ Part II: The Patterns of Trade, 1919-1939 2. W.A. Lewis (1952), ‘World Production, Prices and Trade, 1870-1960’ 3. H. Tyszynski (1951), ‘World Trade in Manufactured Commodities, 1899-1950’ 4. League of Nations (1942), ‘The System of Multilateral Trade’ 5. S. Grassman (1980), ‘Long-term Trends in Openness of National Economies’ 6. M. Beenstock and P. Warburton (1983), ‘Long-term Trends in Economic Openness in the United Kingdom and the United States’ 7. G. Hardach (1977), ‘Decentralization of the International Economy’ 8. United Nations (1949), ‘Capital Movements 1919–1939’ Part III: International Politics and Policies: Two Recent Overviews 9. C.P. Kindleberger (1989), ‘Commercial Policy Between the Wars’ 10. J. Redmond (1992), ‘The Gold Standard Between the Wars’ Part IV: The 1920s and the Reconstruction of the World Economy: The Limits of Internationalism 11. R. Nurkse (1944), ‘The Gold Exchange Standard’ 12. V.P. Timoshenko (1933), ‘Prices, Production, and Stocks of Principal Agricultural Commodities’ 13. J.W.F. Rowe (1935), ‘Artificial Control Schemes and the World’s Staples’ 14. United Nations (1947), ‘International Cartels in the Inter-War Period’ 15. S.V.O. Clarke (1973), ‘The Negotiations of 1922’ 16. M.E. Falkus (1971), ‘United States Economic Policy and the “Dollar Gap” of the 1920’s’ 17. S.A. Schuker (1985), ‘American “Reparations” to Germany, 1919-1933’ 18. B. Eichengreen (1980), ‘International Policy Coordination in Historical Perspective: A View from the Interwar Years’ 19. S.N. Broadberry (1989), ‘Monetary Interdependence and Deflation in Britain and the United States Between the Wars’ Name Index Volume II Acknowledgements Part I: The Emerging Crisis, 1929-1931 1. I. Fisher (1933), ‘The Debt-Deinflation Theory of Great Depression’ 2. B. Eichengreen (1992), ‘The Origins and Nature of the Great Slump Revisited’ 3. A. Newell and J.S.V. Symons (1988), ‘The Macroeconomics of the Interwar Years: International Comparisons’ 4. D. Williams (1963), ‘The 1931 Financial Crisis’ 5. D.E. Moggridge (1970), ‘The 1931 Financial Crisis – A New View’ 6. E.U. Choudhri and L.A. Kochin (1980), ‘The Exchange Rate and the International Transmission of Business Cycle Disturbances’ 7. B. Bernanke and H. James (1991), ‘The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison’ 8. H. James (1992), ‘Financial Flows Across Frontiers during the Interwar Depression’ 9. J. Foreman-Peck, A.H. Hallet and Y. Ma (1992), ‘The Transition of the Great Depression in the United States, Britain, France and Germany’ Part II: The Response to Crisis 10. H.V. Hodson (1933), ‘Tariffs and Exchange Control: The Struggle to Escape’ 11. S. Handelsbanken (1933), ‘The Great Trade War’ 12. P.A. Gourevitch (1984), ‘Breaking with Orthodoxy: The Politics of Economic Policy Responses to the Depression of the 1930s’ 13. C.A. Wurm (1989), ‘International Industrial Cartels, the State and Politics’ 14. D. MacDougall and R. Hutt (1954), ‘Imperial Preference: A Quantitative Analysis’ 15. P. Clavin (1991), ‘The World Economic Conference 1933: The Failure of British Internationalism’ 16. T.J.T. Rooth (1986), ‘Tariffs and Trade Bargaining: Anglo-Scandinavian Economic Relations in the 1930s’ 17. A.S. Milward (1981), ‘The Reichsmark Bloc and the International Economy’ 18. L. Neal (1979), ‘The Economics and Finance of Bilateral Clearing Agreements: Germany, 1934-8’ 19. V. Hentschel (1990), ‘Indicators of Real Effective Exchange Rates of Major Trading Nations from 1922 to 1937’ 20. B. Eichengreen and J. Sachs (1985), ‘Exchange Rates and Economic Recovery in the 1930s’ Part III: Trade Policy, Global Depression and the Developing World 21. C.H. Lee (1969), ‘The Effects of the Depression on Primary Producing Countries’ 22. V.P. Timoshenko (1930), ‘The Collapse of 1929-31’ and ‘The Spread of Depression’ 23. B. Eichengreen and R. Portes (1986), ‘Debt and Default in the 1930s: Causes and Consequences’ 24. I. Yamazawa (1975), ‘Industrial Growth and Trade Policy in Prewar Japan’ 25. C.F.D. Alejandro (1984), ‘Latin America in the 1930s’ 26. J.M. Campa (1990), ‘Exchange Rates and Economic Recovery in the 1930s: An Extension to Latin America’ Part IV: Contemporaries Look Forward 27. D.H. Robertson (1938), ‘The Future of International Trade’ 28. R.B. Bryce (1942), ‘Basic Issues in Postwar International Economic Relations’ Name Index

Read more less

Book SynopsisThis is the first title in The Growth of the World Economy series and collects together the most significant research and scholarship on a crucial period in the growth of international trade, from the fifteenth to the seventeenth centuries.This three hundred year span saw a dramatic expansion in the volume of world trade. Trade during this period became more truly international due to the rise of the nation-state in Europe.Articles are written by leading scholars around the world and take up such topics as the emergence of new world trade routes, trade in particular goods and commodities, European trade policies and mercantilism. With its focus on the beginnings of world trade, Trade in the Pre-Modern Era, 1400-1700 will be an indispensable reference source for all researchers concerned with the initial development of both international trade and the expansion of the world economy.Table of ContentsVolume I Acknowledgements Introduction Part I: World Perspectives and Overview 1. R. Findlay (1992), ‘The Roots of Divergence: Western Economic History in Comparative Perspective’ 2. P.R. Milgrom (1990), ‘The Role of Institutions in the Revival of Trade: The Law Merchant, Private Judges, and the Champagne Fairs’ 3. F. Mauro (1993), ‘Towards an “Intercontinental Model”: European Overseas Expansion Between 1500 and 1800’ 4. R. Findlay (1993), ‘International Trade and Factor Mobility with an Endogenous Land Frontier: Some General Equilibrium Implications of Chrisopher Columbus’ Part II: The Organization and Finance of Trade 5. C.J. Mathers (1988), ‘Family Partnerships and International Trade in Early Modern Europe: Merchants from Burgos in England and France, 1470-1570’ 6. N. Steensgaard (1981), ‘The Companies as a Specific Institution in the History of European Expansion’ 7. A.M. Carlos and S. Nicholas (1988), ‘“Giants of an Earlier Capitalism”: The Chartered Trading Companies as Modern Multinationals’ 8. R.R. Menard (1991), ‘Transport Costs and Long-Range Trade, 1300-1800: Was there a European “Transport Revolution” in the Early Modern Era?’ 9. K.N. Chaudhuri (1975), ‘The Economic and Monetary Problems of European Trade with Asia during the Seventeenth and Eighteenth Centuries’ 10. J. Sperling (1961-62), ‘The International Payments Mechanism in the Seventeenth and Eighteenth Centuries’ Part III: European Overseas Expansion and Trade A. Fifteenth Century: Venice 11. F.C. Lane (1933), ‘Venetian Shipping during the Commercial Revolution’ 12. R.T. Rapp (1975), ‘The Unmaking of the Mediterranean Trade Hegemony: International Trade Rivalry and The Commercial Revolution’ B. Sixteenth Century: Spain and Portugal 13 C.R. Phillips (1990), ‘The Growth and Composition of Trade in the Iberian Empires, 1450-1750’ 14. E.J. Hamilton (1938), ‘The Decline of Spain’ 15. P.J. Forsyth and S.J. Nicholas (1983), The Decline of Spanish Industry and the Price Revolution: A Neoclassical Analysis’ C. Seventeenth Century: England and the Netherlands 16. N. Steensgard (1990), ‘The Growth and Composition of the Long-Distance Trade of England and the Dutch Republic before 1750’ 17 N. Steensgard (1982), ‘The Dutch East India Company as an Institutional Innovation’ 18. G.M. Anderson, R.E. McCormick and R.D. Tollison (1983), ‘The Economic Organization of the English East India Company’ 19. D.A. Irwin (1991), ‘Mercantilism as Strategic Trade Policy: The Anglo-Dutch Rivalry for the East India Trade’ Name Index Volume II Acknowledgements Part I: Intra-European Trade and Trade Policies 1. F.J. Fisher (1939-40), ‘Commercial Trends and Policy in Sixteenth-Century England’ 2 R. Findlay (1987), ‘Intemediate Goods, Export Taxation and Resource-Based Industrialization’ 3. R. Davis (1954), ‘English Foreign Trade, 1660-1700’ 4. P. Benedict (1984), ‘Rouen’s Foreign Trade during the Era of the Religious Wars [1560-1600]’ 5. J.B. Collins (1984), ‘The Role of Atlantic France in the Baltic Trade: Dutch Traders and Polish Grain at Nantes, 1625-1675’ 6. M. Bogucka (1973), ‘Amsterdam and the Baltic in the First Half of the Seventeenth Century’ 7. M. Bogucka (1980), ‘The Role of Baltic Trade in European Development from the XVIth to the XVIIIth Centuries’ Part II: Commodity Markets in International Trade 8. C.H.H. Wake (1979), ‘The Changing Pattern of Europe’s Pepper and Spice Imports, ca 1400-1700’ 9. R.W. Unger (1980), ‘Dutch Herring, Technology, and International Trade in the Seventeenth Century’ 10. I. Blanchard (1986), ‘The Continental European Cattle Trades, 1400-1600’ 11. C. Wilson (1960-61), ‘Cloth Production and International Competition’ Part III: Mercantilism 12. J. Viner (1948), ‘Power versus Plenty as Objectives of Foreign Policy in the Seventeenth and Eighteenth Centuries’ 13. R. Conquest (1985), ‘The State and Commercial Expansion: England in the Years 1642-1688’ 14. A.W. Bob Coats (1992), ‘Mercantilism: Economic Ideas, History, Policy’ 15. D.C. Coleman (1980), ‘Mercantilism Revisited’ 16. R.B. Ekelund, Jr and R.D. Tollison (1984), ‘A Rent-Seeking Theory of French Mercantilism’ 17. D.A. Irwin (1992), ‘Strategic Trade Policy and Mercantilist Trade Rivalries’ Name Index

Read more less

Book SynopsisThis two volume set reprints 37 important contributions dealing with international trade throughout the world during the rise of Great Britain to world dominance, the industrialization of Western Europe, and the political and economic expansion of European powers into Asia, Africa and the Americas.The period from 1700 to 1850 saw many dramatic changes in the world economy. Frequent war among the European nations also affected these changes, influencing the timing and perhaps the ultimate magnitude of intercontinental trade.In addition to discussions of commodity trade in different parts of the world, essays in these volumes deal with the effects of governmental policies towards the flows of capital and labour and the emergence of trading institutions and their impacts on economic development. Many deal with controversial topics such as the role of slavery and the slave trade on European development, the burdens of mercantilism, and the impact of European expansion on the economies of the less developed parts of the world.Table of ContentsVolume I Acknowledgements Introduction Part I: The Broad Overview 1. C.P. Kindleberger (1975), ‘Commercial Expansion and Industrial Revolution’ 2. P. Bairoch (1973), ‘European Foreign Trade in the XIX Century: The Development of the Value and Volume of Exports [Preliminary Results]’ 3. R.A. Austen and W.D. Smith (1990), ‘Private Tooth Decay as Public Economic Virtue: The Slave-Sugar Triangle, Consumerism, and European Industrialization’ Part II: Great Britain 4. R. Davis (1962) ‘English Foreign Trade, 1700-1774’ 5. J.M. Price (1961, ‘Multilateralism and/or Bilateralism: The Settlement of British Trade Balances with “The North”, c. 1700’ 6. F. Crouzet (1980), ‘Toward an Export Economy: British Exports during the Industrial Revolution’ 7. R. Davis (1979), ‘The Industrial Revolution British overseas trade’ 8. A.H. Imlah (1950), ‘The Terms of Trade of the United Kingdom, 1798-1913’ 9. R. Pares (1956), ‘The London Sugar Market, 1740-1769’ 10. T.M. Devine (1976), ‘The Colonial Trades and Industrial Investment in Scotland, c. 1700-1815’ Part III: France 11. P. Villiers (1991), ‘The Slave and Colonial Trade in France just before the Revolution’ 12. P. Butel (1986), ‘Traditions and Changes in French Atlantic Trade Between 1780 and 1830’ Part IV: The United States 13. J.F. Shepherd and G.M Walton (1976), ‘Economic Change after the American Revolution: Pre- and Post-War Comparisons of Maritime Shipping and Trade’ 14. C.D. Goldin and F.D. Lewis (1980), ‘The Role of Exports in American Economic Growth during the Napoleonic Wars, 1793 to1807’ 15. D.C. North (1961), ‘International Economic Flows – 1815-1860’ 16. P. Temin (1967), ‘The Causes of Cotton-Price Fluctuations in the 1830’s’ Name Index Volume II Acknowledgements Part I: Africa, The Tropics, Asia and Australia 1. P. O’Brien (1982), ‘European Economic Development: The Contribution of the Periphery’ 2. D. Eltis and L.C. Jennings (1988), ‘Trade between Western Africa and the Atlantic World in the Pre-Colonial Era’ 3. R.B. Sheridan (1969), ‘The Plantation Revolution and the Industrial Revolution, 1625-1775’ 4. N.H. Leff (1973), ‘Tropical Trade and Development in the Nineteenth Century: The Brazilian Experience’ 5. F.J.A. Broeze (1975), ‘The Cost of Distance: Shipping and the Early Australian Economy, 1788-1850’ 6. K.N. Chaudhuri (1966), ‘India’s Foreign Trade and the Cessation of the East India Company’s Trading Activities, 1828-40’ Part II: Policy Issues 7. L.A. Harper (1942), ‘Mercantilism and the American Revolution 8. L. Sawers (1992), ‘The Navigation Acts Revisited’ 9. H.-C. Mui and L.H. Mui (1968-9), ‘Smuggling and the British Tea Trade Before 1784’ 10. F. Crouzet (1964), ‘Wars, Blockade, and Economic Change in Europe, 1792-1815’ 11. M. Bils (1984), ‘Tariff Protection and Production in the Early U.S. Cotton Textile Industry’ 12. P.J. Cain and A.G. Hopkins (1986), ‘Gentlemanly Capitalism and British Expansion Overseas I. The Old Colonial System, 1688-1850’ Part III: Factor Movements 13. H.A. Gemery and J.S. Hogendorn (1974), ‘The Atlantic Slave Trade: A Tentative Economic Model’ 14. B.L. Solow (1985), ‘Caribbean Slavery and British Growth: The Eric Williams Hypothesis’ 15. R. Menard (1977), ‘From Servants to Slaves: The Transformation of the Chesapeake Labor System’ 16. D.W. Galenson (1984), ‘The Rise and Fall of Indentured Servitude in the Americas: An Economic Analysis’ 17. L. Neal (1991), ‘A Tale of Two Revolutions: International Capital Flows 1789-1819’ Part IV: Trade Institutions 18. D.C. North (1968), ‘Sources of Productivity Change in Ocean Shipping, 1600-1850’ 19. C.K. Harley (1988), ‘Ocean Freight Rates and Productivity, 1740-1913: The Primacy of Mechanical Invention Reaffirmed’ 20. J.M. Price (1989), ‘What did Merchants Do? Reflections on British Overseas Trade, 1660-1790’ 21. J.M. Price and P.G.E. Clemens (1987), ‘A Revolution of Scale in Overseas Trade: British Firms in the Chesapeake Trade, 1675-1775’ Name Index

Read more less

Book SynopsisThis major new book offers a comparative survey of management, labour and productivity politics in twentieth century Europe. The authors detailed assessments of industrial and political campaigns to raise productivity growth in Britain, Germany and Sweden during this century. Ranging from explorations of the high politics of the nation state and the impact of the Marshall plan on the European countries, to careful assessments of the productivity struggles which took place in the coal mining and metal working industries of modern Europe, each of these essays provides a rich context for understanding the rise and fall of the social democratic project in the reconstruction of Western Europe. The contributors critically assess claims that workers' participation in economic decision-making was a natural feature of modern production, while also emphasising the significance of economic reforms which were enacted in the post-war years.Management, Labour and Industrial Politics in Modern Europe offers a deeper understanding of the performance of the European economies and the politics of reconstruction by combining an analysis of state initiatives with an examination of the strategies pursued by management and labour in the key sectors of European industry in these decades.Trade Review'. . . despite the difficulties involved in making conference collections coherent, the editors have assembled a number of highly provocative essays which deserve to be read.' -- Dave Lyddon, Labour History Review'This is a well edited and interesting collection of essays.'– Chris Wrigley, The Economic History Review

Read more less

Book SynopsisJapan's emergence as a modern state in the middle of the nineteenth century was a unique socio-political event. The accompanying economic development - achieved without tariff autonomy and with practically no injection of foreign capital - was certainly no less remarkable. A major portion of this important volume discusses how this transformation was accomplished.This important book presents a unique insight into the institutional development of capitalism in Japan through a series of Shigeto Tsuru's papers, some of which are published here for the first time. The volume also includes a critical appraisal of Japan's economy during her invasion of China, discussion of general historical trends in capitalism and an assessment of the present, and future, economic problems of Japan. The Economic Development of Modern Japan will be welcomed by scholars and students with an interest in Japan's economic development and her present and future role in the world. Economic Theory and Capitalist Society, the first volume of Shigeto Tsuru's essays, is also available.Trade Review'Shigeto Tsuru has been the bridge between mainstream economics and Japanese Marxist thought. Ten years at Harvard and a key player in the post-war MacArthur Administration, he was Schumpeter's personal assistant and a recognized expert on Keynes and Marx. Tsuru's collected papers are a testament no one interested in Japanese intellectuals should miss.' -- Paul A. Samuelson, Massachusetts Institute of Technology, USTable of ContentsPart 1 Japan's take-off as a capitalist society: human resources; public finance; money and banking; industrial development; the role of agriculture; economic fluctuations in Japan, 1868-1893. Part 2 Economy under the strain of the "China incident": Japan's economy under the strain of the "China incident". Part 3 Broader issues on capitalism: has capitalism changed?; technological progress and employment. Part 4 The Dyason lectures: the economic problems of Japan - present and future; the future of Japan in the modern world - including relations with the United States and China.

Read more less

Book SynopsisThis important collection presents in two volumes the most significant papers on the history of mass production and highlights crucial debates in the attempt to understand the phenomenon and its social and economic effects. The selection focuses on six important themes. Volume I opens with an exploration of the antecedents to mass production and an investigation of the mechanical, economic and social roots of the transformation in production methods at the beginning of the 20th century. The following section examines the emergence of ‘Fordism’ and the fundamental elements of the new system. The final section describes the extent to which mass production has spread through the wider economy and the ways in which it has changed in the process.In Volume II, the first section covers the impact of mass production on work and the workers. The second section looks at how Japan has exploited the principles of mass production and may indeed have evolved a new form of productive organisation. The concluding section raises the question of whether in the late 20th century the dominance of mass production is in decline.Trade Review’Steven Tolliday has expertly assembled a collection of articles that treat the history, meaning and impact of mass production. . . . Tolliday is to be commended for assembling an illuminating and exciting set of often contending essays on what might more precisely be called the uneven rise and uneven persistence of mass production. It will be unfortunate if these volumes remain unused on reference shelves.’Table of ContentsContents: Acknowledgements Introduction Part I: Antecedents Part II: The ‘Moment’ of Fordism Part III: Diffusion and Variations Part IV: Labour Under Mass Production Part V: The Japanese Challenge Part VI: Industrial Divides?

Read more less

Book SynopsisFamily businesses, have been instrumental in the industrialization of most countries and remain an important dimension of modern economies world wide. Yet analyses of international differences in Western micro- and macroeconomic performance, since the late nineteenth century, have usually been focused upon the rise and capabilities of the American-style business corporation. In this context, while family business has not been without its champions, these firms were often dismissed as inferior alternatives to managerial capitalism and the source of economic decline. As a result they have received, until comparatively recently, less attention than they deserve. This collection of essays which spans more than forty years of scholarship on family business is not confined to the discussion of Western firms. Instead contributions cover their role, capabilities and performance on four continents and include the work of leading institutional and development economists and sociologist as well as business and economic historians.Trade Review'. . . the collection is an excellent introduction to the issues and literature on the history of the family firm.' -- David J. Jeremy, Business HistoryTable of ContentsPart 1 The family firm debate - conservatism and decline or alternative strategy? Part 2 Family and firm - theory, concepts and culture. Part 3 Training and organization of work. Part 4 Diversification. Part 5 Co-operative behaviour and groups.

Read more less

Book SynopsisThis book uses an institutional-evolutionary approach to analyse economic problems associated with developments in capitalism during the second half of the twentieth century. It argues that economics should centre on institutions - the durable fabric of the economy over time.Drawing on the foundations of Marxist and institutional political economy, the book traces the lineages of institutional themes, as well as considering feminist, post-Keynesian, holistic economics and Schumpeterian perspectives. The nature of institutions in the growth and instability of capitalism is then explored with reference to social structures of accumulation. Particular reference is given to the world economy, the family, the Keynesian welfare state and neo-liberalism, Fordism, the flexible mode of accumulation, and financial regulation and deregulation. The author concludes, using institutional-evolutionary themes of political economy, that the evolution of modern capitalism is likely to be unstable as we move into the next century.Trade Review'Phillip O'Hara's intention in this well-written and referenced book is to provide a new synthesis between neo-institutionalist followers of Veblen and adherents of the neo-Marxist approach to political economy . . . Beyond those interested in its primary objective, this book is also likely to find a readership among people who wish to get a solid introduction to economics beyond the literature and questions that are of current interest to the mainstream of the profession . . . This book is a clear and accessible survey of a remarkable range of literatures . . . the book represents a useful survey of several important non-mainstream approaches to political economy.'Table of ContentsContents: Foreword: William M. Dugger and James Ronald Stanfield 1. Introduction Part A: The Foundations: Marx and Veblen 2. Marx’s Capital and the Institutional Reproduction of Capitalism 3. Veblen’s ‘Critique’ of Marx’s Philosophical Preconceptions of Political Economy 4. Veblen’s Analysis of Social Wealth, Industry–Business, and Crises of Capitalism Part B: Contemporary Institutional–Evolutionary Political Economy 5. Neo-Marxian and Neoinstitutional Political Economy: Holism, Evolution, and Contradiction 6. Capital, the Wealth of Nations, and Inequality in the Contemporary World 7. A New Measure of Macroeconomic Performance and Institutional Change Part C: Social Structures of Accumulation and Socioeconomic Crises of Modern Capitalism: 1940–2000s 8. Long Waves of Economic Growth and Development, and the Metamorphosis of Institutions 9. Fordism, Accumulation, and Institutional Contradictions 10. The World Economy and US Hegemony 11. Household Labor, the Family, and Macroeconomic Instability in the United States 12. The Keynesian Welfare State: Emergence, Contradictions, and Evolution 13. Financial Instability, Uncertainty, and Endogenous Credit in the United States 14. A New Social Structure of Accumulation or the Emerging Global Crises of Capitalism? 15. Conclusion Bibliography Index

Read more less

Book SynopsisDuring the latter part of the nineteenth century and the beginning of this century both international trade and national economies grew exponentially, with international trade growing considerably faster than national income. Contributors to these two volumes question whether trade’s more rapid growth was an engine pulling successful economies, or whether government policies of trade protection had a greater impact upon national economic growth.The essays in this collection analyse four major driving forces of the period’s sustained economic growth: changes in tariff policies; the technological ‘revolution’ in transportation costs; the population and income growth effects upon demand; and the alterations to comparative advantage brought about by technological changes and resource discoveries.Table of ContentsVolume I Acknowledgements • Introduction Part I: Overview of the Integration of the Nineteenth- Century World Economy A. Quantitative Estimates 1. P. Bairoch (1974), ‘Geographical Structure and Trade Balance of European Foreign Trade from 1800 to 1970’ 2. A. Green and M.C. Urquhart (1976), ‘Factor and Commodity Flows in the International Economy of 1870–1914: A Multi-Country View’ 3. S. Kuznets (1967), Quantitative Aspects of the Economic Growth of Nations: X. Level and Structure of Foreign Trade: Long-Term Trends’ B. General Overviews 4. C.K. Harley (1986), ‘Late Nineteenth Century Transportation, Trade and Settlement’ 5. S.B. Saul (1965), ‘The Export Economy 1870–1914’ C. Studies of Particular Commodities 6. C.K. Harley (1980), ‘Transportation, the World Wheat Trade, and the Kuznets Cycle, 1850–1913’ 7. M. Olson (1974), ‘The United Kingdom and the World Market in Wheat and other Primary Products, 1885-1914’ 8. A.J.H. Latham (1985), ‘The International Trade in Rice and Wheat since 1868: A Study in Market Integration’ 9. A.J.H. Latham and L. Neal (1983), ‘The International Market in Rice and Wheat, 1868–1914’ Part II: Trade and Growth A. General Studies 10. A.K. Cairncross (1961), ‘International Trade and Economic Development’ 11. I.B. Kravis (1970), ‘Trade as a Handmaiden of Growth: Similarities between the Nineteenth and Twentieth Centuries’ 12. N.F.R. Crafts (1973), ‘Trade as a Handmaiden of Growth: An Alternative View’ and I.B. Kravis (1973), ‘A Reply to Mr. Crafts’ ‘Note’ 13. C.P. Kindleberger (1961), ‘Foreign Trade and Economic Growth: Lessons from Britain and France, 1850 to 1913’ B. The Staple Thesis 14. M.H. Watkins (1963), ‘A Staple Theory of Economic Growth’ 15. E.J. Chambers and D.F. Gordon (1966), ‘Primary Products and Economic Growth: An Empirical Measurement’ 16. R.E. Caves (1971), ‘Export-Led Growth and the New Economic History’ Name Index Volume II Acknowledgements Part I: The Interplay of Trade, Protectionism, Liberalization and Growth A. Repeal of the British Corn Laws and the Emergence of Free Trade 1. S. Fairlie (1965), ‘The Nineteenth-Century Corn Law Reconsidered’ 2. C.P. Kindleberger (1975), ‘The Rise of Free Trade in Western Europe, 1820–1875’ 3. J.V. Nye (1991), ‘The Myth of Free-Trade Britain and Fortress France: Tariffs and Trade in the Nineteenth Century’ 4. D.A. Irwin (1993), ‘Free Trade and Protection in Nineteenth-Century Britain and France Revisited: A Comment on Nye’ 5. D.N. McCloskey (1980), ‘Magnanimous Albion: Free Trade and British National Income, 1841–1881’ 6. D.A. Irwin (1988), ‘Welfare Effects of British Free Trade: Debate and Evidence from the 1840s’ 7. J.G. Williamson (1990), ‘The Impact of the Corn Laws Just Prior to Repeal’ B. Trade, Growth and Retardation in Britain 8. N.F.R. Crafts (1989), ‘British Industrialization in an International Context’ 9. A.G. Ford (1963), ‘Notes on the Role of Exports in British Economic Fluctuations, 1870–1914’ 10. W.P. Kennedy (1974), ‘Foreign Investment, Trade and Growth in the United Kingdom, 1870–1913’ 11. D.N. McCloskey (1970-71), ‘Britain’s Loss from Foreign Industrialization: A Provisional Estimate’ 12. N.F.R. Crafts and M. Thomas (1986), ‘Comparative Advantage in UK Manufacturing Trade, 1910–1935’ C. Tariffs and Growth in Continental Europe 13. P. Bairoch (1972), ‘Free Trade and European Economic Development in the 19th Century’ 14. F. Capie (1983), ‘Tariff Protection and Economic Performance in the Nineteenth Century’ 15. C.P. Kindleberger (1951), ‘Group Behavior and International Trade’ 16. F.J. Coppa (1970), ‘The Italian Tariff and the Conflict between Agriculture and Industry: The Commercial Policy of Liberal Italy, 1860–1922’ 17. G. Toniolo (1977), ‘Effective Protection and Industrial Growth: The Case of Italian Engineering, 1898–1913’ 18. S.B. Webb (1980), ‘Tariffs, Cartels, Technology and Growth in the German Steel Industry, 1879 to 1914’ D. Tariffs and Growth in the United States 19. I.B. Kravis (1972), ‘The Role of Exports in Nineteenth-Century United States Growth’ 20. J.G. Williamson (1980), ‘Greasing the Wheels of Sputtering Export Engines: Midwestern Grains and American Growth’ 21. G. Wright (1990), ‘The Origins of American Industrial Success, 1879–1940’ 22. C.K. Harley (1992), ‘The Antebellum American Tariff: Food Exports and Manufacturing’ 23. J.A. James (1981), ‘The Optimal Tariff in the Antebellum United States’ 24. J.J. Pincus (1975), ‘Pressure Groups and the Pattern of Tariffs’ 25. G.R. Hawke (1975), ‘The United States Tariff and Industrial Protection in the Late Nineteenth Century’ E. Trade and the Periphery 26. J. Gallagher and R. Robinson (1953), ‘The Imperialism of Free Trade’ 27. J.R. Hanson, II (1977), ‘Diversification and Concentration of LDC Exports: Victorian Trends’ 28. J.R. Hanson, II (1986), ‘Export Shares in the European Periphery and the Third World before World War I: Questionable Data, Facile Analogies’ 29. I.T. Berend and G. Ranki (1980), ‘Foreign Trade and the Industrialization of the European Periphery in the XIXth Century’ 30. P.J. Cain and A.G. Hopkins (1980), ‘The Political Economy of British Expansion Overseas, 1750–1914’ 31. P.K. O’Brien (1988), ‘The Costs and Benefits of British Imperialism, 1846–1914’ 32. K. Sugihara (1986), ‘Patterns of Asia’s Integration into the World Economy, 1880–1913’ Name Index

Read more less

Book SynopsisWhat has dictated the rate and direction of technological change? How central has it been to industrial progress? How has it related to other determinants of economic growth and development?In Technology and Industrial Progress, Nick von Tunzelmann examines theoretical views on the nature and contribution of technology, and the empirical evidence from the major industrializing countries from the eighteenth century to the present day. The experiences of countries regarded in their time as the leaders of industrialization - Britain in the eighteenth century, the United States in the nineteenth century and Japan in the twentieth century - are critically compared by the author. The following chapters study the transfer of each of these patterns of technology and growth to later industrializers, such as continental Europe, the Soviet Union, and today's newly industrializing countries. Adopting approaches drawn from evolutionary economics, Dr von Tunzelmann links micro-level phenomena relating to individual firms and technologies to macro-level outcomes as reflected in economic growth and development.This long-awaited book is exceptional both in the range of countries surveyed and the breadth of topics analysed, encompassing changes in production processes, products and marketing, management and finance.Trade Review'Nick von Tunzelmann has written an ambitious and challenging book, spanning economics, economic history, the history of ideas and technology per se. It should be recommended reading for economic historians, economists and anyone interested in the dynamics of technical change.' -- Peter Holmes, University of Sussex, UK'The book's organization allows it to be read as a whole or treated as a resource to guide students studying a particular topic. Undergraduate, graduate, professional .' -- M. Perelman, Choice'Von Tunzelmann has written a great book, impressive in both scope and depth. Often the reader is overwhelmed by the wealth of detail, at times by the profoundness of insight.' -- Paul Diederen, The Economic Journal'This is an impressive book, and an unusual one too. This is not only because of its length (more than five hundred pages), nor the large number of books and articles cited in the text (between seven and eight hundred). What really makes this book exceptional is its broad coverage and the way it is written.' -- J. Fagerberg, Journal of Evolutionary Economics'Technology and Industrial Progress deserves to be widely read and should be of great interest to many business historians.' -- N.F.R. Crafts, Business History'These essays are a useful guide to the strengths and limitations of radical debate in the 1990s.' -- Joseph Melling, Business History'This book represents economic history at its best-theoretically informed but sceptical, unburdened by jargon or abstruse mathematics, alive to historical contingency, and comparative on a grand scale. Lucidly written, well referenced, and cogently organized into subsectioned chapters, its author's premises made explicit and terms clearly defined, it merits inclusion as a standard text on all advanced courses in comparative industrialization.' -- Christine MacLeod, Journal of Economic History'The book makes good use of the most recent and classical theories of innovation to provide a framework to understand the industrial and technological change which has been going on since the eighteenth century.' -- Cristiano Antonelli, The Manchester SchoolTable of ContentsContents: 1. Introduction 2. Classical Theories of Economic Growth and Structure 3. Modern Analyses of Growth and Structural Change 4. Britain in the Industrial Revolution 5. European Industrialization, Late 18th to Early 20th Centuries 6. Industrialization in the USA, 1870–1930 7. Industrialization in the West, 1930s to the 1970s 8. Western Industrialization, 1970s to the 1990s 9. Industrialization in the USSR 10. Industrialization in Japan 11. The Newly Industrializing Countries 12. Conclusions

Read more less

Book SynopsisThis authoritative collection presents the key contributions on the economic history of Japan from the Meiji Restoration to the Second World War. It covers broad patterns of economic development and also focuses specifically on the zaibatsu and Japanese management techniques; technology transfer; banking and financial systems; labour, education and human capital; the economic role of Japanese women; and the economic dimensions of imperialism and war. This two-volume set brings together important texts around these themes, including less well-known work first published in Japan. It will be a valuable reference work for scholars and students of history, economics, political science and Asian studies.Trade Review’It is consequently important to conclude by praising Tolliday for his achievement, given the undoubted quality of what has been included. Moreover, he has also edited a two-volume set covering the period 1945-95, allowing those who teach this subject to provide reading lists that ought to be much more focused.’Table of ContentsContents: Volume I: Acknowledgements Introduction Steven Tolliday PART I THE PATTERN OF ECONOMIC DEVELOPMENT 1. Kozo Yamamura (1973), ‘Towards a Reexamination of the Economic History of Tokugawa Japan, 1600–1867’ 2. Susan B. Hanley (1983), ‘A High Standard of Living in Nineteenth-Century Japan: Fact or Fantasy?’ 3. Yasukichi Yasuba (1986), ‘Standard of Living in Japan Before Industrialization: From What Level Did Japan Begin? A Comment’ 4. Susan B. Hanley (1986), ‘Standard of Living in Nineteenth-Century Japan: Reply to Yasuba’ 5. Thomas C. Smith (1973), ‘Pre-Modern Economic Growth: Japan and the West’ 6. Kozo Yamamura (1974), ‘The Japanese Economy, 1911–1930: Concentration, Conflicts, and Crises’ 7. Kaoru Sugihara (1989), ‘Japan’s Industrial Recovery, 1931–6’ 8. Sugihara Kaoru (1990), ‘Japan as an Engine of the Asian International Economy, c. 1880–1936’ PART II LAND AND AGRICULTURE 9. Penelope Francks (1990), ‘Peasantry, Proletariat or Private Enterprise? – The Japanese Farmer in the Industrialisation Process’ 10. Osamu Saito (1986), ‘The Rural Economy: Commercial Agriculture, By-Employment, and Wage Work’ 11. Loren Brandt (1993), ‘Interwar Japanese Agriculture: Revisionist Views on the Impact of the Colonial Rice Policy and the Labor-Surplus Hypothesis’ 12. Ann Waswo (1974), ‘The Origins of Tenant Unrest’ PART III MANAGEMENT AND ENTERPRISE SYSTEM A General 13. Keiichiro Nakagawa (1993), ‘Business Management in Japan – A Comparative Historical Study’ 14. Hisashi Masaki (1986), ‘The Formation and Evolution of the Corporate Business System in Japan’ 15. Tsunehiko Yui (1988), ‘Development, Organization, and Business Strategy of Industrial Enterprises in Japan (1915–1935)’ B Zaibatsu 16. Kozo Yamamura (1967), ‘The Founding of Mitsubishi: A Case Study in Japanese Business History’ 17. Seiichiro Yonekura (1985), ‘The Emergence of the Prototype of Enterprise Group Capitalism: The Case of Mitsui’ 18. Hisashi Masaki (1978), ‘The Financial Characteristics of the Zaibatsu in Japan: The Old Zaibatsu and Their Closed Finance’ 19. Kozo Yamamura (1976), ‘General Trading Companies in Japan: Their Origins and Growth’ C Non-Zaibatsu Business Development 20. Tessa Morris-Suzuki (1992), ‘Sericulture and the Origins of Japanese Industrialization’ 21. Steven J. Ericson (1989), ‘Private Railways in the Meiji Era: Forerunners of Modern Japanese Management?’ 22. Tetsuji Okazaki (1987), ‘The Japanese Iron and Steel Industry, 1929–33, and the Establishment of the Nippon Steel Co.’ 23. W. Miles Fletcher III (1996), ‘The Japan Spinners Association: Creating Industrial Policy in Meiji Japan’ 24. William Mass and Hideaki Miyajima (1993), ‘The Organization of the Developmental State: Fostering Private Capabilities and the Roots of the Japanese "Miracle"’ PART IV MANAGEMENT AND TECHNOLOGY TRANSFER 25. Tetsuro Nakaoka (1991), ‘The Transfer of Cotton Manufacturing Technology from Britain to Japan’ 26. Kozo Yamamura (1986), ‘Japan’s Deus ex Machina: Western Technology in the 1920s’ 27. Mark Mason (1990), ‘With Reservations: Prewar Japan as Host to Western Electric and ITT’ Name Index Volume II: Acknowledgements Introduction Steven Tolliday PART I BANKING AND FINANCE 1. Hugh T. Patrick (1967), ‘Japan, 1868–1914’ 2. Kozo Yamamura (1972), ‘Japan 1868–1930: A Revised View’ 3. Kanji Ishii (1991), ‘Japan’ 4. W. Miles Fletcher III (1991), ‘Japanese Banks and National Economic Policy, 1920–1936’ PART II EDUCATION AND HUMAN CAPITAL 5. R.P. Dore (1964), ‘Education: Japan’ 6. Koji Taira (1971), ‘Education and Literacy in Meiji Japan: An Interpretation’ 7. James R. Bartholomew (1978), ‘Japanese Modernization and the Imperial Universities, 1876–1920’ PART III LABOUR 8. Akiko Chimoto (1986), ‘Employment in the Meiji Period: From "Tradition" to "Modernity"’ 9. Thomas C. Smith (1984), ‘The Right to Benevolence: Dignity and Japanese Workers, 1890–1920’ 10. E. Patricia Tsurumi (1984), ‘Female Textile Workers and the Failure of Early Trade Unionism in Japan’ 11. Andrew Gordon (1989), ‘Business and the Corporate State: The Business Lobby and Bureaucrats on Labor, 1911–41’ 12. Ron Napier (1982), ‘The Transformation of the Japanese Labor Market, 1894–1937’ 13. Yasukichi Yasuba (1976), ‘The Evolution of Dualistic Wage Structure’ 14. Andrew Gordon (1990), ‘Japanese Labor Relations During the Twentieth Century’ PART IV WOMEN 15. Sharon H. Nolte and Sally Ann Hastings (1991), ‘The Meiji State’s Policy Towards Women, 1890–1910’ 16. Janet Hunter (1990), ‘Women’s Labour Force Participation in Interwar Japan’ 17. Kathleen Uno (1993), ‘One Day at a Time: Work and Domestic Activities of Urban Lower-Class Women in Early Twentieth-Century Japan’ 18. Robert J. Smith (1983), ‘Making Village Women into "Good Wives and Wise Mothers" in Prewar Japan’ PART V IMPERIALISM AND WAR 19. K. Yamamura (1977), ‘Success Illgotten? The Role of Meiji Militarism in Japan’s Technological Progress’ 20. Kaoru Sugihara (1997), ‘The Economic Motivations Behind Japanese Aggression in the Late 1930s: Perspectives of Freda Utley and Nawa Toichi’ 21. Peter Duus (1989), ‘Zaikabo: Japanese Cotton Mills in China, 1895–1937’ 22. Masaru Udagawa (1990), ‘The Move into Manchuria of the Nissan Combine’ 23. Richard Rice (1979), ‘Economic Mobilization in Wartime Japan: Business, Bureaucracy, and the Military in Conflict’ 24. Takao Shiba (1994), ‘Business Activities of Japanese Manufacturing Industries During World War II’ Name Index

Read more less

Book SynopsisIn this new path-breaking volume, David Edgerton brings to the forefront research on the role of business and its influence on industrial research and innovation. It is commonplace to acknowledge the role of science and technology, and research and innovation specifically, in transforming the twentieth century world. Other studies, however, focuses on scientific and engineering research in general, or technological systems and paradigms, or on government-funded initiatives. Industrial Research and Innovation in Business concentrates on business and its contribution to innovation and its role in producing and using new technologies.Trade Review’It will be useful to those who already know something about the topic and want to expand their knowledge.’ -- Kenneth Lipartito, University of Houston, USTable of ContentsContents: Acknowledgements Introduction Part I: Theoretical Perspectives Part II: From Coal Tar Dyes to IG Farbenindustrie Part III: The Research Laboratory and the US Corporate Economy Part IV: International and Comparative Studies Part V: The Not-So-Peculiar British Case Part IV: The Case of Japanese Industrial Research Index

Read more less

Book SynopsisThe Austrian Theory of Value and Capital provides a meticulous account of Eugen von Bohm-Bawerk's life, his theory of value, capital and interest within the context of 19th century German economic thought and the development of neoclassical economic theory.This book provides an insight into Bohm-Bawerk's intellectual development, his political leanings and personal background, including a wealth of previously unknown facts. The study also considers the development of economic thought in the 19th century in Germany and Austria. It critically analyses the work and contribution of Bohm-Bawerk and concludes that his analysis belongs to traditional 19th century German economic thought. Closely related to this is the clarification made by the author of what is genuinely 'Austrian' in the 'Austrian theory of value and distribution'. To complement the study of Bohm-Bawerk, the book also contains the first English translation of his letters to Knut Wicksell.This book will be of interest to economic theorists, those interested in Austrian economics and the history of economic thought and economic historians.Trade Review'It will be applauded as a great discovery illuminating the essence of the School and its founder, by European ('modern'/Bohm-Bawerkian) Austrians.'Table of ContentsContents: Preface Heinz D. Kurz Preface Klaus H. Hennings 1. Introduction and Abstract 2. The Life and Career of a Public Servant: Eugen Ritter Böhm von Bawerk (1851–1914) 3. Economic Theory in Germany and Austria, ca 1860–80 4. The Genesis of a Theory 5. The Theory of Value: Consumer Behaviour 6. The Theory of Value: Producer Behaviour 7. The Theory of Interest 8. The Theory of Capital 9. The Theory of Value, Capital and Interest 10. Conclusion Bibliography Appendix Index

Read more less

Book SynopsisThis fascinating book brings together and examines all aspects of the life and work of one of the most influential thinkers of the last century, John Maynard Keynes, whose theses are still hotly debated. It combines, in an accessible, unique and cohesive manner, analytical, biographical and contextual elements from a variety of perspectives.Gilles Dostaler studies in detail the battles that Keynes led on various fronts - politics, philosophy, art, and of course economics - in the pursuit of a single and lifelong goal: to radically transform society to create a better world, a world pacified and freed from the neurotic pursuit of financial wealth and economic rentability, with art at its pinnacle. Containing detailed presentations of the Bloomsbury group and the political history of Great Britain, Keynes and his Battles is an essential reference to this most important of 20th century figures whose central message remains as topical today as it ever was. The study also contains a unique chronology of Keynes's life and historical events, portraits of Keynes by his friends and contemporaries, as well as a full bibliography of all his books, chapters contributed to books, journal articles and reviews.Scholars, students and researchers of economics, history of economic thought, political science, sociology, history, philosophy and the history of arts will find this an absorbing and revealing work. The book should also interest journalists, decision makers in society and all those who are preoccupied by the problems of our time.Trade Review'The book provides a fresh and interesting approach to the man and his thinking. . . serves as a useful, highly readable and thoroughly researched introduction to Keynes.'Table of ContentsContents: 1. Introduction 2. Ethics: The Sources of Keynes’s Vision First Interlude: Bloomsbury and the Apostles 3. Knowledge: Uncertainty, Probabilities and the Moral Sciences 4. Politics: Beyond Liberalism and Socialism Second Interlude: The Political History of Great Britain During the Time of Keynes 5. War and Peace: From the Boer War to Versailles 6. Money: Economic Motor and Social Pathology 7. Labour: The Battle Against Unemployment 8. Gold: An International Monetary System in the Service of Humanity 9. Art: Theoretician, Consumer and Patron of the Arts 10. Conclusion: From Keynes to Keynesianism Appendix 1. Keynes and his Time: Chronology Appendix 2. Maynard as Seen by his Friends and Contemporaries Bibliography Index

Read more less