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In Pursuit of Leviathan
In Pursuit of Leviathan traces the American whaling industry from its rise in the 1840s to its precipitous fall at the end of the nineteenth century. Using detailed and comprehensive data that describe more than four thousand whaling voyages from New Bedford, Massachusetts, the leading nineteenth-century whaling port, the authors explore the market for whale products, crew quality and labor contracts, and whale biology and distribution, and assess the productivity of the American fleet. They then examine new whaling techniques developed at the end of the nineteenth century, such as modified clippers and harpoons, and the introduction of darting guns. Despite the common belief that the whaling industry declined due to a fall in whale stocks, the authors argue that the industry's collapse was related to changes in technology and market conditions. Providing a wealth of historical information, In Pursuit of Leviathan is a classic industry study that will provide intriguing reading for anyone interested in the history of whaling.
Enterprise
An economic history of the United States.
Mammon and the Pursuit of Empire Abridged Edition
Historians have so far made few attempts to assess directly the costs and benefits of Britain's investment in empire. This book presents answers to some of the key questions about the economics of imperialism: how large was the flow of finance to the empire? How great were the profits on empire investment? What were the social costs of maintaining the empire? Who received the profits, and who bore the costs? The authors show that colonial finance did not dominate British capital markets; returns from empire investment were not high in comparison to earnings in the domestic and foreign sectors; there is no evidence of continued exploitative profits; and empire profits were earned at a substantial cost to the taxpayer. They depict British imperialism as a mechanism to effect an income transfer from the tax-paying middle class to the elites in which the ownership of imperial enterprise was heavily concentrated, with some slight net transfer to the colonies in the process.
Naval Blockades in Peace and War
A number of major blockades, including the Continental System in the Napoleonic Wars, the War of 1812, the American Civil War, and World Wars I and II, in addition to the increased use of peacetime blockades and sanctions with the hope of avoiding war, are examined in this book. The impact of new technology and organizational changes on the nature of blockades and their effectiveness as military measures are discussed. Legal, economic, and political questions are explored to understand the various constraints upon belligerent behavior. The analysis draw upon the extensive amount of quantitative material available from military publications.
Elite Families
This book maps the development of a regional elite and its persistence as an economic upper class through the nineteenth century. FarrellÂ’s study traces the kinship networks and overlapping business ties of the most economically prominent Brahmin families from the beginning of industrialization in the 1820s to the early twentieth century. Archival sources such as genealogies, family papers, and business records are used to address two issues of concern to those who study social stratification and the structure of power in industrializing societies: in what ways have traditional forms of social organization, such as kinship, been responsive to the social and economic changes brought by industrialization; and how active a role did an early economic elite play in shaping the direction of social change and in preserving its own group power and privilege over time.
Whaling Will Never Do For Me
"I just begin to find out that whaling will never do for me and have determined to leave the ship here if possible." That sentiment, expressed by a foremast hand aboard the ship Caroline in 1843, is one shared by many of the whalemen in this fascinating book. Interest in Herman Melville's Moby Dick has contributed to a substantial literature on the history and lore of the industry. But not until now has the vast body of surviving whaleship logs and journals been used to paint an encompassing picture of the difficult but colorful life aboard nineteenth-century American whaling vessels. Briton Cooper Busch, author of a definitive history of the American sealing industry, in this book only inci...
A Bibliography of Historical Economics to 1980
Historians and economists will find here what their fields have in common - the movement since the 1950s known variously as 'cliometrics', 'economic history', or 'historical economics'. A leading figure in the movement, Donald McCloskey, has compiled, with the help of George Hersh and a panel of distinguished advisors, a highly comprehensive bibliography of historical economics covering the period up until 1980. The book will be useful to all economic historians, as well as quantitative historians, applied economists, historical demographers, business historians, national income accountants, and social historians.
Reflections on the Cliometrics Revolution
This book presents memoirs of intellectual lives. In conversation with cliometricians of the next generation, twenty-five pioneering scholars reflect on changes in the practice of economic history they have observed and have helped to bring about.
Institutional Change and American Economic Growth
This book presents a model for examining problems of institutional change and applies it to American economic development in the nineteenth and twentieth centuries. The authors develop their model of institutional change. They argue that if external economic factors make an increase in income possible but not attainable within the existing institutional structure, new organizations must be developed to achieve the potential in income. Their model is designed to explain the type and timing of these necessary changes in institutional organization. Individual, voluntary cooperative, and governmental arrangements are included in the discussion, although the latter differs considerably from the first two.
Global Capital Markets
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