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In 2020, for the first time in history, the worlds debt as a percentage of its gross domestic product exceeded 100 per cent. Although it has come down slightly since then, there are concerns about where the next debt crisis will happen, given that Pakistan and Sri Lanka...
In 1945, Germany and Japan lay prostrate after total war and resounding defeat. By 1960, they had the second and fifth largest economies in the world respectively. This global leadership has been maintained ever since. How did these 'economic miracles' come to pass, and...
Just as the Industrial Revolution in Britain suggested a promise of abundance, David Ricardo, Robert Malthus, and their colleagues formalized classical political economy with its emphasis on scarcity, self-interest, and private accumulation of capital. At the same time,...
This book is the first English-language monograph about Bishop Joseph Butler (1692–1752) by Japanese scholars. It is an especially interesting and controversial message coming as it does from Japan, a well-developed secular economic state where less than 1% of the...
The world's largest market is that for foreign exchange with a turnover running into trillions per day.The mystery is why this market is dominated by trading in London when the US dollar is the main currency in use. What role is played by this market? To many it is a...
This is a comprehensive long-run history of economic and political change in the Iberian Peninsula. Beginning with the development of the old medieval kingdoms, it goes on to explore two countries, Portugal and Spain, which during the early modern period possessed vast...
The focus of this Element is on the idea that choice is hierarchical so that there exists an order of acquisition of durable goods and assets as real incomes increase. Two main approaches to deriving such an order are presented, the so-called Paroush approach and Item...
This book chronicles the ascension of the New York Stock Exchange, detailing its remarkable rise to preeminence and its lasting impact on financial history. In the 1830s, New York, Philadelphia, and Boston each had a stock exchange. These were the New York Stock...
Mainstream economics assumes economic agents act and make decisions to maximize their utility. This model of economic behavior, based on rational choice theory, has come under increasing attack in economics because it does not accurately reflect the way people behave...
The Economic Consequences of the Peace is one of the most famous books in the history of economic thought. It is also one of the most polemical. Published as a response to what Keynes saw as the grave errors of the Treaty of Versailles, the book predicted that war...
Copyright is everywhere. Your smartphone incorporates thousands of items of intellectual property. Someone owns the reproduction rights to photographs of your dining table. At this very moment, battles are raging over copyright in the output of artificial intelligence...
Power is a broad and complex concept that cuts across all fields in humanities and social sciences. Written by a leading historian of economic thought,Power and Inequality presents a wide-ranging and multi-disciplinary analysis of power as an economic and social issue....
Innovationen sind wichtige Triebkräfte des Wirtschaftswachstums und erklären den Anstieg des Lebensstandards. In diesem Buch untersuchen wir, welche institutionellen und ökonomischen FaktorenInnovationen und technologischen Wandel in den deutschen Staaten während der...
What are the institutions which govern border spaces and how do they impact long-term economic and social development? This book focuses on the Habsburg military frontier zone which originated in the sixteenth century as an instrument for protecting the empire's...
This book summarizes the financial development of China from 1949 to 2019.This book divides the process of financial development during the past 70 years into five stages, focusing on the development characteristics of different parts of the financial institution...
This book revisits the history of industry and industrial and economic policy in independent Ireland from the birth of the state to the eve of EEC accession. Though there were several manufacturing employers of significance, and smaller firms in operation in almost...
This book presents an original interpretation of the building history of London in terms of its evolving political economy. Each of the seven ages of the city from the Roman to the modern, are portrayed through their monumental buildings, concentrating in particular on...
One of the key features of modern economic growth is the process of structural transformation, which is the movement of workers from agriculture to manufacturing and services. In this study, the author identifies different routes to structural transformation that we see...
Virtue Capitalists explores the rise of the professional middle class across the Anglophone world from c. 1870 to 2008. With a focus on British settler colonies – Canada, Australia, New Zealand and the United States – Hannah Forsyth argues that the British middle class...
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