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The essays in this book use the analytical tools and theoretical framework of economics to interpret quantitative historical evidence, offering new ways to approach historical issues and suggesting entirely new types of evidence outside conventional archives. Rosenbloom has gathered together seven essays from leading quantitative economic historian
The dynamic character of American industrialization produced imbalances between the supply of and demand for labor across cities and regions. This book describes how employers and job-seekers responded to these imbalances to create networks of labor market communication and assistance capable of mobilizing the massive redistribution of population that was essential to maintain the rapid pace of the nation's economic growth between the Civil War and World War I. It combines a detailed description of the emerging labor market institutions with a careful analysis of a variety of quantitative evidence to assess the broader economic implications for geographic wage convergence and for American economic growth. Despite an expansion in the geographic scope of labor markets at this time, the evidence suggests that labor market institutions reinforced regional divisions within the United States and left a lasting impact on the evolution of many other aspects of the employment relationship.
This book challenges the static, ahistorical models on which Economics continues to rely. These models presume that markets operate on a "frictionless" plane where abstract forces play out independent of their institutional and spatial contexts, and of the influences of the past. In reality, at any point in time exogenous factors are themselves outcomes of complex historical processes. They are shaped by institutional and spatial contexts, which are "carriers of history," including past economic dynamics and market outcomes. To examine the connections between gradual, evolutionary change and more dramatic, revolutionary shifts the text takes on a wide array of historically salient economic q...
A book that rewrites the history of American prosperity and inequality Unequal Gains offers a radically new understanding of the economic evolution of the United States, providing a complete picture of the uneven progress of America from colonial times to today. While other economic historians base their accounts on American wealth, Peter Lindert and Jeffrey Williamson focus instead on income—and the result is a bold reassessment of the American economic experience. America has been exceptional in its rising inequality after an egalitarian start, but not in its long-run growth. America had already achieved world income leadership by 1700, not just in the twentieth century as is commonly th...
How American colonists laid the foundations of American capitalism with an economy built on credit Even before the United States became a country, laws prioritizing access to credit set colonial America apart from the rest of the world. Credit Nation examines how the drive to expand credit shaped property laws and legal institutions in the colonial and founding eras of the republic. In this major new history of early America, Claire Priest describes how the British Parliament departed from the customary ways that English law protected land and inheritance, enacting laws for the colonies that privileged creditors by defining land and slaves as commodities available to satisfy debts. Colonial ...
The 1998 Annual World Bank Conference on Development Economics, the tenth anniversary, was held at the Bank on April 20-21, 1998. The discussions focused on four areas of inquiry:1) the role of geography in countries'success, 2) the role of effective competition and regulatory policies, 3) the causes of financial crises and ways to prevent them, and 4) the effects of ethnic diversity on democracy and growth. The welcoming address by World Bank President James D. Wolfensohn, the opening remarks by chief Economist Joseph Stiglitz, and the tenth anniversary address by the International Monetary Fund Deputy Managing Director Stanley Fischer all focused both on the role of the conference and on the changing perspectives for development.
Relative to the other habited places on our planet, Hawai‘i has a very short history. The Hawaiian archipelago was the last major land area on the planet to be settled, with Polynesians making the long voyage just under a millennium ago. Our understanding of the social, political, and economic changes that have unfolded since has been limited until recently by how little we knew about the first five centuries of settlement. Building on new archaeological and historical research, Sumner La Croix assembles here the economic history of Hawai‘i from the first Polynesian settlements in 1200 through US colonization, the formation of statehood, and to the present day. He shows how the political...
The years between 1450 and 1550 marked the end of one era in world history and the beginning of another. Most importantly, the focus of global commerce and power shifted from the Mediterranean Sea to the Atlantic Ocean, largely because of the discovery ofthe New World. The New World was more than a geographic novelty. It opened the way for new human possibilities, possibilities that were first fulfilled by the British colonies of North America, nearly 100 years after Columbus landed in the Bahamas. TheHistorical Dictionary of Colonial America covers America's history from the first settlements to the end and immediate aftermath of the French and Indian War. This is done through a chronology,...
People have gathered in public drinking places to drink, relax, socialize, and do business for hundreds of years. For just as long, critics have described taverns and similar drinking establishments as sources of individual ruin and public disorder. Examining these dynamics as Americans surged westward in the early nineteenth century, Kirsten E. Wood argues that entrepreneurial, improvement-minded men integrated many village and town taverns into the nation's rapidly developing transportation network and used tavern spaces and networks to raise capital, promote innovative businesses, practice genteel sociability, and rally support for favored causes—often while drinking the staggering amou...
Focusing on the political culture forged by Rocky Mountain workers from the 1870s through the 1920s, this book shows how the unique working-class politics of the region led to remarkable successes in securing progressive labor legislation. These successes--especially in improving workers' hours, wages, and safety--in turn played a central role in transforming the nation's attitudes toward workers' rights. Examining political culture in the everyday lives of workers (from shop floors to union halls to recreation), the author uncovers a labor movement based as much on pragmatism as on ideology, and he traces how its members productively focused their efforts on political action at the local and state levels. In the process, they developed a genuinely social-democratic political culture.