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Could a community without a central government avoid descending into chaos and rampant criminality? Could its economy grow and thrive without the intervening regulatory hand of the state? Could disputes between citizens be settled if there existed no state monopoly on legal judgments? Apparently, the answers to these questions are yes, yes, and yes. Indeed, if the strange and little-known case of the condominium of Neutral Moresnet - a tiny wedge of disputed territory in northwestern Europe - acts as our guide, we must conclude that statelessness is not only possible but beneficial to progress, carrying profound advantages over coercive bureaucracies. The remarkable enterprise that was Mores...
This is the first major study of a neglected yet extremely significant subject: the London middle classes in the period between 1660 and 1730, a period in which they created a society and economy that can be seen with hindsight to have ushered in the modern world. Using a wealth of material from contemporary sources--including wills, business papers, inventories, marriage contracts, divorce hearings, and the writings of Daniel Defoe and Samuel Pepys--Peter Earle presents a fully rounded picture of the "middling sort of people," getting to the hearts of their lives as men and women struggling for success in the biggest, richest, and most middle-class city in contemporary Europe. He examines i...
A novel argument that shows how rules work better than discretion when implementing monetary policy.
Studies the economic order that governs virtual worlds and ways individuals work together to govern social relations in the digital space.
There is clear overlap in interests and influences for the fields of Atlantic, environmental, and southern history, but scholarship in them has often advanced on parallel tracks. This anthology places itself at the intersection, pushing for a new confluence. Editors Thomas Blake Earle and D. Andrew Johnson provide a lucid introduction to this collection of essays that brings these disciplines together. With this volume, historians explore crucial insights into a self-consciously Atlantic environmental history of the American South, touching on such topics as ideas about slavery, gender, climate, “colonial ecological revolution,” manipulation of the landscape, infrastructure, resources, a...
This fascinating history explores the dynamic relationship between overseas colonisation in Spanish America and the bodily experience of eating.
American Institute for Economic Research, founded in 1933, was the first independent voice for sound economics in the United States. Today it researches and educates on the value of personal freedom, free enterprise, property rights, limited government and sound money. AIER's ongoing scientific research demonstrates the importance of these principles in advancing peace, prosperity and human progress.
The first book-length work on market monetarism, written by its leading scholar. Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? It’s happened before. Just as Milton Friedman and Anna Schwartz led the economics community in the 1960s to reevaluate its view of what caused the Great Depression, the same may be happening now to our understanding of the first economic crisis of the 21st century. Foregoing the usual relitigating of problems such as housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet. The Money Illusion is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible text lays the groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish.
This volume of essays seeks to offer a radical re-evaluation of most of our preconceptions about the early-modern English social order. This book attempts to define the term "middle classes" and treat them as active participants of history, rather than as a simple by-product.