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This book addresses the divide that exists between the reality of finance and the image it projects. A functioning financial system is an essential feature of a modern economy, providing it with money, credit, capital, and investments. Conversely, those who provide this essential service are neither respected nor trusted. The causes and consequences of this divide is explored using the British experience from 1800 to the present, drawing upon a mixture of factual evidence and contemporary fiction. Nothing of this scale has been attempted before and this is the product of 50 years of research.
The rise of agrarian capitalism in Britain is usually told as a story about markets, land and wages. The Enclosure of Knowledge reveals that it was also about books, knowledge and expertise. It argues that during the early modern period, farming books were a key tool in the appropriation of the traditional art of husbandry possessed by farm workers of all kinds. It challenges the dominant narrative of an agricultural 'enlightenment', in which books merely spread useful knowledge, by showing how codified knowledge was used to assert greater managerial control over land and labour. The proliferation of printed books helped divide mental and manual labour to facilitate emerging social divisions between labourers, managers and landowners. The cumulative effect was the slow enclosure of customary knowledge. By synthesising diverse theoretical insights, this study opens up a new social history of agricultural knowledge and reinvigorates long-term histories of knowledge under capitalism.
Financial fraud is a serious and seemingly intractable problem. Financial scandals regularly punctuate newspaper headlines and regulators and auditors appear bereft of effective responses. But has this always been the case?This book quantifies financial crime in the UK using three centuries of data. It demonstrates how financial fraud and scandal vary according to systematic economic and institutional arrangements. In doing so, it retells the history of British capitalism, from the mercantilism of the eighteenth century to the financial capitalism of the twenty-first century, illustrating the often negative consequences of economic ideology, policy and structure. It identifies periods when fraud has been less problematic and contrasts these with times when it has surged. The variation of outcomes reflects the balance of power between the state, industrial and financial sectors, the provision of credit through risky lending, and the effectiveness of audits. 'Rogue traders' and other flawed individuals are frequently the focus of blame narratives constructed with the intention of deflecting comprehensive systematic reforms.
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A provocative new theory of “the economy,” its history, and its politics that better unites history and economics What is the economy, really? Is it a “market sector,” a “general equilibrium,” or the “gross domestic product”? Economics today has become so preoccupied with methods that economists risk losing sight of the economy itself. Meanwhile, other disciplines, although often intent on criticizing the methods of economics, have failed to articulate an alternative vision of the economy. Before the ascent of postwar neoclassical economics, fierce debates raged, as many different visions of the economy circulated and competed with one another. In The Real Economy, Jonathan L...
This book argues that modern Western civilization is synonymous with business, and you cannot have one without the other—or, at least, not for very long. Without Western civilization, with its emphasis on inquiry, questioning, experimentation, reasoning, freedom of expression, a free press, equality of opportunity before the law—then the innovation and vitality that lies at the heart of Western business success, evaporates. Without business endeavor, all the ideas and inquiry are materially meaningless. The author postulates that only through business opportunity is the wealth created that allows a continuation of our society’s intellectual endeavors. Further, the world of modern busin...
The political arithmetic of price -- Seeing like a capitalist -- The spirit of non-capitalism -- The age of moral statistics -- The hunt for growth -- The coronation of King Capital -- State of statistical war -- The pricing of progressivism -- Epilogue: Toward GDP
Lorena Walsh offers an enlightening history of plantation management in the Chesapeake colonies of Virginia and Maryland, ranging from the founding of Jamestown to the close of the Seven Years' War and the end of the "Golden Age" of colonial Chesapeake agriculture. Walsh focuses on the operation of more than thirty individual plantations and on the decisions that large planters made about how they would run their farms. She argues that, in the mid-seventeenth century, Chesapeake planter elites deliberately chose to embrace slavery. Prior to 1763 the primary reason for large planters' debt was their purchase of capital assets--especially slaves--early in their careers. In the later stages of their careers, chronic indebtedness was rare. Walsh's narrative incorporates stories about the planters themselves, including family dynamics and relationships with enslaved workers. Accounts of personal and family fortunes among the privileged minority and the less well documented accounts of the suffering, resistance, and occasional minor victories of the enslaved workers add a personal dimension to more concrete measures of planter success or failure.
18 - includes "The British or imperial almanac", "A Companion to the British imperial calendar", and "An Alphabetical index to the Imperial calendar" with special t.p.