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The Invisible Hand? offers a radical departure from the conventional wisdom of economists and economic historians, by showing that 'factor markets' and the economies dominated by them — the market economies — are not modern, but have existed at various times in the past. They rise, stagnate, and decline; and consist of very different combinations of institutions embedded in very different societies. These market economies create flexibility and high mobility in the exchange of land, labour, and capital, and initially they generate economic growth, although they also build on existing social structures, as well as existing exchange and allocation systems. The dynamism that results from th...
The volume introduces a new analysis of interconnected labour and economic history of colonial India and Scandinavia. From a recently found archive of a railway contractor’s private and business papers, the studies revise both Indian labour history and Scandinavian modern history, and ties south Sweden into the British Empire. With deep insights into everyday work practices of Indian and European contractors and manual labourers, the book establishes a bridge across the globe, between two poor regions as sites of extraction and industrial transformation, resulting from global migration and capital flows. Drawing on rich archival sources such as the Joseph Stephens Archive, Maharashtra Stat...
How medieval Dutch society laid the foundations for modern capitalism The Netherlands was one of the pioneers of capitalism in the Middle Ages, giving rise to the spectacular Dutch Golden Age while ushering in an era of unprecedented, long-term economic growth. Pioneers of Capitalism examines the formal and informal institutions in the Netherlands that made this economic miracle possible, providing a groundbreaking new history of the emergence and early development of capitalism. Drawing on the latest quantitative theories in economic research, Maarten Prak and Jan Luiten van Zanden show how Dutch cities, corporations, guilds, commons, and other private and semipublic organizations provided ...
A groundbreaking study of how sustainability became a social and political problem, and how to think about it today.
Innovation. No other concept is so widely celebrated, yet so secretly dreaded. The reason: innovation requires managing through uncertainty. This is hard for any organization whether private or public, small or large. This book provides a roadmap for those who want to understand and manage innovation in all its aspects. It explains both the "how" and the "why" of innovation – its economic and policy context as well as the techniques by which it can be orchestrated, along with the management systems needed to govern it. Innovation is uniquely presented through both a private-sector (value-creating) and public-sector (mission-fulfilling) lens. Topics covered in context include modern innovat...
This edited collection explores the historical determinants of the rise of mass schooling and human capital accumulation based on a global, long-run perspective, focusing on a variety of countries in Europe, the Middle East, Asia, Africa and the Americas. The authors analyze the increasing importance attached to globalization as a factor in how social, institutional and economic change shapes national and regional educational trends. Although recent research in economic history has increasingly devoted more attention to global forces in shaping the institutions and fortunes of different world regions, the link and contrast between national education policies and the forces of globalization r...
This book exposes the inherent contradictions of neoliberalism. The myth of limitless growth ignores the reality of resource constraints and fuels a global upward transfer of wealth. Meanwhile, a fractured global economy and intensifying class warfare chip away at neoliberalism's foundation. As inequality spirals and social justice crumbles, the model increasingly serves a privileged few at the expense of the majority. This undermines the Enlightenment ideal of using liberal democracy to improve lives in the age of mass politics, threatening neoliberalism's very survival.
“An extraordinary achievement.” —David Edgerton, Literary Review “A remarkably researched, comprehensive, and indispensable book for everyone who wishes to understand how sugar and the sugar industry have shaped the world in which we live.” —Gary Taubes, author of The Case Against Sugar For most of history, humans did without refined sugar. Then, suddenly, it was everywhere. How did sugar find its way into almost all the food we eat, fostering illness and ecological crisis along the way? The World of Sugar begins with the earliest evidence of sugar production, tracing its origins in India around the sixth century BC and showing how its introduction to Europe in the Middle Ages sp...
Reveals the relationship between social spending and economic growth and which countries have got it right and wrong.
The Roman Empire has long held pride of place in the collective memory of scholars, politicians, and the general public in the western world. In Money, Culture, and Well-Being in Rome's Economic Development, 0-275 CE, Daniel Hoyer offers a new approach to explain Rome's remarkable development. Hoyer surveys a broad selection of material to see how this diverse body of evidence can be reconciled to produce a single, coherent picture of the Roman economy. Engaging with social scientific and economic theory, Hoyer highlights key issues in economic history, placing the Roman Empire in its rightful place as a special—but not wholly unique—example of a successful preindustrial state.