First published in 1998. Routledge is an imprint of Taylor & Francis, an informa company.
Between 1901 and 1914, Ernst Troeltsch wrote 150 reviews of new publications in theology, philosophy, the social sciences, and cultural history. Many of these critiques were published in obscure places, and their existence was hitherto unknown. Not only do they offer fasinating insights into Troeltsch’s train of thought, they also open up new perspectives on the debates that Heidelberg intellectual groups engaged in about the cultural meaning of religion and Christianity. Troeltsch reviewed texts by James, Simmel, and Rickert, wrote a major obituary note about his friend Georg Jellinek, avidly participated in the methodological debates of German historians, and developed in his reviews the integrative concept of theology as the cultural science of Christianity.
Working amidst the global economic turmoil of World War I and the blockade of his neutral homeland, Swedish economist and historian ELI FILIP HECKSCHER (1879-1952) produced this provocative and widely influential analysis of European commercial conflict from the late 17th century through the early 19th century: . What was the impact of the British blockade of France in the 1790s? . How did the national debt and credit system of Britain affect its monetary warfare? . What part did the British colonies in America and later the new United States play in the European economic conflict? . What was done with confiscated goods? . How did smuggling and corruption in the early 1800s change the balance of power? This interpretation of the centuries-long economic clash between Britain, France, and their allies, first published 1922, remains an intriguing work of history today.
In this classic work of economic history and social theory, Karl Polanyi analyzes the economic and social changes brought about by the "great transformation" of the Industrial Revolution. His analysis explains not only the deficiencies of the self-regulating market, but the potentially dire social consequences of untempered market capitalism. New introductory material reveals the renewed importance of Polanyi's seminal analysis in an era of globalization and free trade.
In this book, originally published in 1937, Jacob Viner traces, in a series of studies of contemporary source-material, the evolution of the modern orthodox theory of international trade from its beginnings in the revolt against English mercantilism in the 17th and 18th centuries, through the English currency and tariff controversies of the 19th century, to the late 20th century. The author offers a detailed examination of controversies in the technical literature centering on important propositions of the classical and neo-classical economists relating to the theory of the mechanism of international trade and the theory of gain from trade.
Ever since the Physiocrats and Adam Smith, mercantilism or 'the mercantile system' have been described as the opposite of classical political economy. This view is very much brought into question by the current book. It argues that the sharp distinction between mercantilism and 19th century laissez-faire economics has obscured the meaning, content and contribution of the former. This book presents a full-scale account of the development of mercantilism as a trend of economic thought during the 17th and 18th centuries. Instead of accepting existing interpretations, it begins with the most fundamental questions: What was mercantilism? Did it have a central message? Was it really a coherent school of thought? A central theme of the book is its critique of narrow definitions of its subject. Mercantilism must be understood as a series of written texts appearing in a particular political and economic context, rather than as an all-embracing system of economic thought. Within this context a language and vocabulary of economics was developed that was an essential precondition for the subsequent growth of economic thought and knowledge. In this sense mercantilism was much more modern than has been previously appreciated.
This is the first serious comparative study of two dynamic Asian city-states that are emerging as key regional?indeed global?cities. Providing both historical comparisons and analyses of contemporary issues, the authors consider the patterns, strategies, and consequences of industrial restructuring. They build their analysis around the interrelationships of four institutional spheres: the global economy, the state, the financial system, and the labor market. This leads to a unique emphasis on the distinctiveness of individual NICs, as opposed to much of the literature in the field, which tends to group these Asian dragons together as a single, undifferentiated case.The book addresses three basic sets of questions tied to industrial restructuring in Hong Kong and Singapore: First, what are the basic patterns of restructuring in the two economies? What corporate strategies have manufacturers used to restructure their operations? Are Hong Kong and Singapore diverging or utilizing the same restructuring strategies? Second, how should the process of restructuring in the two economies and the concomitant similarities or divergencies be explained? Third, what are the consequences of the restructuring process for the two economies? How are these processes shaped by the shared histories of Hong Kong and Singapore as colonial port cities, their current status as NICs ?squeezed? between industrialized western societies and the Third World, and their role as important regional cities in East and Southeast Asia?
First Published in 1995. Routledge is an imprint of Taylor & Francis, an informa company.
The present study is an attempt to place in historical perspective the relationship between early capitalism as exemplified by Great Britain, and the Negro slave trade, Negro slavery and the general colonial trade of the seventeenth and eighteenth centuries. It is strictly an economic study of the role of Negro slavery and the slave trade in providing the capital which financed the Industrial Revolution in England and of mature industrial capitalism in destroying the slave system.
In Revolution or Renaissance, D. Paul Schafer subjects two of the most powerful forces in the world – economics and culture – to a detailed and historically sensitive analysis. He argues that the economic age has produced a great deal of wealth and unleashed tremendous productive power; however, it is not capable of coming to grips with the problems threatening human and non-human life on this planet. After tracing the evolution of the economic age from the publication of Adam Smith's The Wealth of Nations in 1776 to the present, he turns his attention to culture, examining it both as a concept and as a reality. What emerges is a portrait of the world system of the future where culture is the central focus of development. According to Schafer, making the transition from an economic age to a cultural age is imperative if global harmony, environmental sustainability, economic viability, and human well-being are to be achieved.
In the nineteenth century Adam Smith and others gradually invented a 'tradition' of free trade. This was a towering achievement and has proved to be influential to this day. This book examines this construction of the free trade tradition. Showing how historical contruction is a vital component in the writing of doctrinal history, Lars Magnusson argues that it is important for historians of economic thought to distance themselves from the practice of writing history backwards. Contrasting what occurred in Britain in the nineteenth century with what occurred in the United States and in Sweden, this book shows that perhaps the classical tradition meant something else entirely in different national contexts. This original and thought-provoking book is written such that it will be of great interest not only to historians specializing in economic thought, but also historians with other areas of interest.
Friedrich List was one of the most prominent economic philosophers of the 19th century, on a par with-but espousing quite different thinking than-Karl Marx and Adam Smith. In the three-volume National System of Political Economy, he explores a reasoned doctrine of national and pan-national management of trade, a global collaboration between government and business. Presented here in one combined volume, List examines the pronounced influence of freedom prudently balanced with regulation in the economic histories of the nations of Europe and North America, delineates his theory of supportive interconnectedness, and explores the economic and political systems that nurture ascendant nations in their global sovereignty. A close reading of this 1841 classic is an absolute necessity for anyone who hopes to understand world economic history of the last 150 years. German economist and journalist FRIEDRICH LIST (1789-1846) served as professor of administration and politics at the University of T bingen, but was jailed and later exiled to America for his political views. He is also the author of Outlines of American Political Economy (1827).
Two systems of governance, capitalism and democracy, prevail in the world today. Operating simultaneously in partially distinct domains, these systems rely on indirect governance through regulated competition to coordinate actors; inevitably, these systems influence and transform each other. This book rejects the simple equation of capitalism with markets in favor of a three-level system, a model which recognizes that markets are administered by regulators through institutions and governed by a political authority with the power to regulate behavior, punish transgressors, and redesign institutions. This system's emergence required the sovereign to relinquish some power in order to release the energies of economic actors. Rather than spreading through an unguided natural process like trade, capitalism emerged where competitive pressures forced political authorities to take risks in order to achieve increased revenues by permitting markets for land, labor, and capital.
One of the great classics of the 20th century, R. H. Tawney addresses the question of how religion has affected social and economic practices. Many of the earliest books, particularly those dating back to the 1900s and before, are now extremely scarce and increasingly expensive. We are republishing these classic works in affordable, high quality, modern editions, using the original text and artwork.
History comes alive in this fascinating story of opposing views that continue to play a fundamental role in today's politics and economics. "The Big Three in Economics" traces the turbulent lives and battle of ideas of the three most influential economists in world history: Adam Smith, representing laissez faire; Karl Marx, reflecting the radical socialist model; and John Maynard Keynes, symbolizing big government and the welfare state. Each view has had a significant influence on shaping the modern world, and the book traces the development of each philosophy through the eyes of its creator. In the twenty-first century, Adam Smith's "invisible hand" model has gained the upper hand, and capitalism appears to have won the battle of ideas over socialism and interventionism. But author Mark Skousen shows that, even in the era of globalization and privatization, Keynesian and Marxian ideas continue to play a significant role in economic policy.
This book examines the economics of the postal sector through three lenses: snapshot and trends, models, and opportunities. In the years to come, the Universal Postal Union plans to develop its role as a knowledge centre for the postal sector from these perspectives. At this time of radical transformation of the postal sector, it is important to understand how the sector has evolved historically, how it is connected with the economic system, and where it is heading. This book thus first presents a long-run view, focusing on incumbent operators over the last three decades, and then describes their development in the last five to ten years. It also offers a real-time picture based on daily “big postal data”, revealing one of the greatest opportunities for the sector in terms of forecasting and product design.
This collection of papers reflects the variety of interpretations and definitions connected with the concept of `mercantilism' which have evolved historically during the last two centuries. They range from interpretations of `mercantilistic' ideas to interpretations of policies. They stress the relationship between economic, social and political ideas and range from the 17th to the late 20th century. Lastly, they provide us with more knowledge of specific national cases as well as a discussion of mercantilism as a general phenomenon.
Selected by the Times Literary Supplement as one of the "hundred most influential books since the war" How can we benefit from the promise of government while avoiding the threat it poses to individual freedom? In this classic book, Milton Friedman provides the definitive statement of his immensely influential economic philosophy—one in which competitive capitalism serves as both a device for achieving economic freedom and a necessary condition for political freedom. The result is an accessible text that has sold well over half a million copies in English, has been translated into eighteen languages, and shows every sign of becoming more and more influential as time goes on.
Rethinking Mercantilism brings together a group of young early modern British and European historians to investigate what use the concept "mercantilism" might still hold for both scholars and teachers of the period. While scholars often find the term unsatisfactory, mercantilism has stubbornly survived both in our classrooms and in the general scholarly discourse. These essays propose that it is largely impossible to rethink "mercantilism," given its unique status as a non-entity, by looking for "mercantilism" itself. Economics as a discipline had not emerged by the seventeenth century, yet economic considerations were part of most intellectual pursuits, whether scientific, political, cultural, or social. Thus, the search for "mercantilism" is best undertaken through an investigation of how economic considerations were embedded in debates throughout the early modern intellectual landscape. With this in mind, this book seeks to rethink "mercantilism" inductively rather than deductively. Such an approach not only frees the debate from the strictures and assumptions of historiography reaching back to the Scottish Enlightenment, but also avoids viewing the period through the lens of modern economics. Exploring the period in its own terms makes it possible to revisit fruitfully and more holistically some of the traditional component parts of "mercantilism" such as the relationship between wealth and money, the modern state and commerce, economic and political thought, and power and prosperity only now informed and inflected by the questions raised in new approaches and trends to the intellectual, political, social, and cultural histories that populated the early modern world. The goal of this volume is not to abandon mercantilism as a concept but to rethink its intellectual and political content. First, rather than an ideology driven primarily by self-evident and narrow economic self-interest, "mercantilism" was inseparable from the rich transformations emerging out of the rapidly changing early modern intellectual landscape; as such, the study of mercantilism no longer appears solely as a subject of the history of economic thought, but part and parcel of early modern intellectual history more generally. Second, the book argues that the common vision of a "mercantile system" premised upon a coherent, strong, and expansive nation-state is unsustainable. The cornerstone of "mercantilism" has long been the assumption of a strong and coherent state apparatus with the authority to manage and manipulate the sphere of commerce for its own ends. This volume explores the implications on our understanding of early modern economic thought of the recent recognition among historians that the early modern state was rather weak, decentralized, and amorphous. Moreover, the fact that recent research has continually re-emphasized the role of a variety of political communities (not just the state, but also church, corporations, and communities of pirates and smugglers) in shaping public life recommends questioning which polities mercantilism sought to serve, and vice versa, at any given time. These and other questions will primarily be pursued in the English context, with occasional comparisons to the continental experience.
State, Economy and the Great Divergence provides a new analysis of what has become the central debate in global economic history: the 'great divergence' between European and Asian growth. Focusing on early modern China and Western Europe, in particular Great Britain, this book offers a new level of detail on comparative state formation that has wide-reaching implications for European, Eurasian and global history. Beginning with an overview of the historiography, Peer Vries goes on to extend and develop the debate, critically engaging with the huge volume of literature published on the topic to date. Incorporating recent insights, he offers a compelling alternative to the claims to East-West equivalence, or Asian superiority, which have come to dominate discourse surrounding this issue. This is a vital update to a key issue in global economic history and, as such, is essential reading for students and scholars interested in keeping up to speed with the on-going debates.
This is Mises's classic statement in defense of a free society, one of the last statements of the old liberal school and a text from which we can continue to learn. It has been the conscience of a global movement for liberty for 80 years. This edition, from the Mises Institute, features a new foreword by Thomas Woods. It first appeared in 1927, as a followup to both his devastating 1922 book showing that socialism would fail, and his 1926 book on interventionism. It was written to address the burning question: if not socialism, and if not fascism or interventionism, what form of social arrangements are most conducive to human flourishing? Mises's answer is summed up in the title, by which he meant classical liberalism. Mises did more than restate classical doctrine. He gave a thoroughly modern defense of freedom, one that corrected the errors of the old liberal school by rooting the idea of liberty in the institution of private property (a subject on which the classical school was sometimes unclear). Here is the grand contribution of this volume. "The program of liberalism, therefore, if condensed into a single word, would have to read: property, that is, private ownership of the means of production... All the other demands of liberalism result from this fundamental demand." But there are other insights too. He shows that political decentralization and secession are the best means to peace and political liberty. As for religion, he recommends the complete separation of church and state. On immigration, he favors the freedom of movement. On culture, he praised the political virtue of tolerance. On education: state involvement must end, and completely. He deals frankly with the nationalities problem, and provides a stirring defense of rationalism as the essential foundation of liberal political order. He discusses political strategy, and the relationship of liberalism to special-interest politics. In some ways, this is the most political of Mises's treatises, and also one of the most inspiring books ever written on the idea of liberty. It remains the book that can set the world on fire for freedom, which is probably why it has been translated into more than a dozen languages.