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"In 1895 I put forward my views for the first time, laying down that the money of a State is not what is of compulsory general acceptance, but what is accepted at the public pay offices..." -Georg Friedrich Knapp, Preface The State Theory of Money (1905) The State Theory of Money (1924), a pioneering economic work by German economist Georg Friedrich Knapp, argues that money is created by the state and does not have any intrinsic value, directly contrast to the theory of the Gold Standard. Knapp's so-called chartalist school of monetary theory paved the way for the Modern Monetary Theory, which states that governments can print as much money as they need without having to borrow or tax to finance spending. The State Theory of Money, first published in 1905 in Germany, and abridged and translated into English in 1924, is essential reading for students of monetary theories and economic history.
"For some time to come, this book will guarantee that the knowledge of German industrialization and the latest information on German research will be much improved and up to date abroad." For some time to come, this book will guarantee that the knowledge of German industrialization and the latest information on German research will be much improved and up to date abroad." - Vierteljarschrift für Sozial und Wirtschaftsgeschichte "The data . . . collected is so impressive, and the economic history so difficult to master, that most [scholars] will need this book on theirshelves." - Eric Dorn Brose, Drexel University " . . . an outstanding primer on the 19th Century German economy . . . profess...
This work recounts an expedition sent by Tuskegee Institute to transform the German colony of Togo, West Africa, into a cotton economy like the American South. This book reveals a transnational politics of labour, sexuality, and race invisible to earlier national, imperial, and comparative historical perspectives.
The author suggests that governments use faulty methods for regulating credit and argues the use of credit multipliers. He argues for a rejection of the theory of the investment multiplier because investment can reduce employment, and will lower prices. The productive resources it releases require new credit creation to employ them.
Touts is a historical account of the troubled formation of a colonial labor market in the Gulf of Guinea and a major contribution to the historiography of indentured labor, which has relatively few reference points in Africa. The setting is West Africa’s largest island, Fernando Po or Bioko in today’s Equatorial Guinea, 100 kilometers off the coast of Nigeria. The Spanish ruled this often-ignored island from the mid-nineteenth century until 1968. A booming plantation economy led to the arrival of several hundred thousand West African, principally Nigerian, contract workers on steamships and canoes. In Touts, Enrique Martino traces the confusing transition from slavery to other labor regi...
When Istvn Hont died in 2013, the world lost a giant of intellectual history. A leader of the Cambridge School of Political Thought, Hont argued passionately for a global-historical approach to political ideas. To better understand the development of liberalism, he looked not only to the works of great thinkers but also to their reception and use amid revolution and interstate competition. His innovative program of study culminated in the landmark 2005 book Jealousy of Trade, which explores the birth of economic nationalism and other social effects of expanding eighteenth-century markets. Markets, Morals, Politics brings together a celebrated cast of HontÕs contemporaries to assess his in...
An authoritative reference work on the legal framework of European economic and monetary union, this book comprehensively analyses the legal foundations, institutions, and substantive legal issues in EU monetary integration.
Based on archival records of prosecutions of the three most important rural types of crime before the penal courts of Upper Bavaria in the late nineteenth century - arson, infanticide, and poaching - this study in historical anthropology reveals the fabric of the village society: its norms, conflicts, and hidden meanings.