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This book presents the first systematic evidence on long-term trends in global well-being since 1820 for 25 major countries and 8 regions in the world covering more than 80% of the world’s population.
"[A] magnificent history of money and finance."—New York Times Book Review "Convincingly makes the case that finance is a change-maker of change-makers."—Financial Times In the aftermath of recent financial crises, it's easy to see finance as a wrecking ball: something that destroys fortunes and jobs, and undermines governments and banks. In Money Changes Everything, leading financial historian William Goetzmann argues the exact opposite—that the development of finance has made the growth of civilizations possible. Goetzmann explains that finance is a time machine, a technology that allows us to move value forward and backward through time; and that this innovation has changed the very...
"In The Open Sea, J. G. Manning offers a major new history of economic life in the Mediterranean world in the Iron Age, from Phoenician trading down to the Hellenistic era and the beginning of Rome's imperial supremacy. Drawing on a wide range of ancient sources and the latest social theory, Manning suggests that a search for an illusory single "ancient economy" has obscured the diversity of lived experience in the Mediterranean world, including both changes in political economies over time and differences in cultural conceptions of property and money. At the same time, he shows how the region's economies became increasingly interconnected during this period." -- Publisher's description
This exciting new volume examines the development of market performance from Antiquity until the dawn of the Industrial Revolution. Efficient market structures are agreed by most economists to serve as evidence of economic prosperity, and to be prerequisites for further economic growth. However, this is the first study to examine market performance as a whole, over such a large time period. Presenting a hitherto unknown and inaccessible corpus of data from ancient Babylonia, this international set of contributors are for the first time able to offer an in-depth study of market performance over a period of 2,500 years. The contributions focus on the market of staple crops, as they were crucia...
This book offers a comprehensive study of regional industrialization in Europe and Asia from the early nineteenth century to the present. Using case studies on regional industrialization, the book provides insights into similarities and differences in industrialization processes between European, Eurasian and Asian countries. Important factors include the transition from traditional to modern industrial production, industrial policy, agglomeration forces, market integration, and the determinants of industrial location over time. The book is an invaluable reference that attempts to bridge the fields of economic history, political history, economic geography, and economics while contributing to the debates on economic divergence between Europe and Asia as well as on the role of economic integration and globalization.
Markets emerge in recent historical research as important spheres of economic interaction in ancient societies. In the case of ancient Egypt, traditional models imagined an all-encompassing centralized, bureaucratic economy that left practically no place for market transactions, as many surviving documents only described the activities of the royal palace and of huge institutions?mainly temples. Yet scattered references in the sources reveal that markets and traders were crucial actors in the economic life of ancient Egypt. In this perspective, this volume aims to discuss the role of markets, traders and economic interaction (not necessarily organized through markets) and the use of “money...
This book is the first Western-language monograph on the study of the Qingshui River manuscripts. By examining over 3,000 contracts and other manuscripts, this book offers constructive insights into the long-standing question of how and why a society in late imperial China could maintain a well-functioning social system with few laws but many contracts, i.e., Hobbesian “words without sword.” Three interrelated questions, what contracts were, how and why they worked, are explained successively. Thus, this book presents a non-stereotypical “contract society” in southwest China, arguing that the social order which provides predictability and regularity for economic prosperity could be f...
Historiographically this book rests on the fact that European transitions to modern economic growth were obstructed and promoted by the Revolution in France and 15 years of geopolitical conflict sustained by Napoleon in order to establish French Hegemony over the states and economies of Britain, France, Germany, the Netherlands, Italy, Spain, Portugal and overseas commerce. The chapters reveal that their authors concerns to analyse both the nature and significance of connections between geopolitical and economic forces lend coherence to a collaborative endeavour utilising comparative methods to address a mega question. What might be plausibly concluded about the economic costs and the benefits of this protracted conjuncture of Revolutionary and Napoleonic Warfare? Contributors are: Patrick Karl O’Brien, Loïc Charles, Guillaume Daudin, Silvia Marzagalli, Marjolein ’t Hart, Johan Joor, Mark Dincecco, Giovanni Federico, Leandro Prados de la Escosura, Carlos Santiago-Caballero, Cristina Moreira, Jaime Reis, Rita Martins de Sousa, and Peter M.Solar.
"This handbook brings together essays by leading contributors to development sociology by addressing intellectual challenges: internal and international migration, transformation of political regimes, globalization, changes in household and family formations, gender dynamics, technological change, population and economic growth, environmental sustainability, peace and war, and the production and reproduction of social and economic inequality. The Sociology of Development Handbook includes essays that reflect the range of debates in development sociology and in the interdisciplinary study and practice of development"--Provided by publisher.
World history suffers from a paucity of clearly articulated, convincing explanations. While the rise of postmodernism and challenges to Eurocentrism did lead to some important correctives, the pendulum has swung too far the other direction, with a corresponding danger of ‘throwing the baby out with the bathwater’. We need careful, theoretically informed debates about ways of organizing world history. What constitutes a good historical explanation? What should guide historians to choose relevant facts? Which theoretical schools could be made useful, and to what ends? These questions are especially relevant to the main topic of this book: the ‘great divergence’ between the west and the...