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Reveals how global trade shaped early modern economic, social and political development, and inaugurated the first era of globalization.
A major feat of research and synthesis, this book presents the first comprehensive history of the Dutch economy in the nineteenth century--an important but poorly understood piece of European economic history. Based on a detailed reconstruction of extensive economic data, the authors account for demise of the Dutch economy's golden age. After showing how institutional factors combined to make the Dutch economy a victim of its own success, the book traces its subsequent emergence as a modern industrial economy. Between 1780 and 1914, the Netherlands went through a double transition. Its economy--which, in the words of Adam Smith, was approaching a "stationary state" in the eighteenth century-...
Understanding oil is essential for understanding modern history. The 20th century has rightly been called the century of oil, and the importance of this most strategic of commodities shows now sign of abating in the 21st century. From its creation in 1907 Royal Dutch Shell has played a key role in the global oil industry. For most of the 20th century Royal Dutch Shell was either the largest, or after Standard Oil/Exxon, the second largest oil company. This authoritative and meticulously researched history three volume history provides an unparalleled account of the company's rich and diverse history. It shows how access to oil was both the cause of many a conflict, and a key to victory in wa...
Overview of the financial history of the Netherlands from the sixteenth century onwards.
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...
Why did the Industrial Revolution happen in Western Europe? Was it a sudden acceleration of the European economy, or should we look at specific institutions arising in Western Europe since the Middle Ages? This book puts these big questions of European economic history in a global perspective, deals with the institutions that developed in Europe, and measures their relative efficiency over time and compared with other parts of Eurasia. It traces the growth of human capital in the centuries between 1000 and 1800, in comparison with China, Japan and India. It also demonstrates how important the European Marriage Pattern was for understanding Europe’s past. The result is a new synthesis of the origins of the Industrial Revolution.
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 ...
The financial crisis of 2008 brought new urgency to the question how best to organise national economies. This volume gives a business history perspective on the Varieties of Capitalism debate and considers the respective merits of the liberal and coordinated market economies. It looks at individual firms and business people as well as institutions and takes a long-term perspective by covering the whole 20th century. The authors examine both continuity and change with a particular focus on the Netherlands, a nation with an open economy, situated between two countries that oppose each other in the way they organize their economies: Germany and Great Britain. The Netherlands also provides an i...
Shipping was the most dynamic sector of the economy of Europe from the fourteenth into the nineteenth century. Europeans who moved goods by sea dramatically improved their efficiency, laying the foundations for greater economic growth to come and for domination of the world’s oceans.