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2. An Enquiry Into the Nature and Effects of the Paper Credit of Great Britain
- Author
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Henry Thornton and Henry Thornton
- Subjects
- HG944
- Abstract
This book, first edited with an introduction by F. A. v. Hayek in 1939, explores some of the popular errors which related to the suspension of the cash payments of the Bank of England, and to the influence of our paper currency on the price of provisions. The introduction provides an interesting overview of the life, thoughts, and achievements of Henry Thornton. An Enquiry into the Nature and Effects of the Paper Credit of Great Britain will be of interest to students of the history of economic thought.
- Published
- 2017
3. Selected Papers on Economic Theory
- Author
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Knut Wicksell and Knut Wicksell
- Subjects
- Economics
- Abstract
This volume, originally published in 1958, contains a selection of the most important and interesting articles by Knut Wicksell, which had hitherto only been published in Swedish. They cover Wicksell's views on Economics and monetary theory, his theory of production and distribution, some review articles on the works of Pareto, Böhm-Bawerk, Carl Menger and Bowley and some papers on foreign trade problems, written after the First World War. Erik Lindahl's introductory essay gives a picture of Wicksell the social reformer, who radical opinions often brought him into conflict with the authorities and the general public.
- Published
- 2017
4. Papers on Capitalism, Development and Planning
- Author
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Maurice Dobb and Maurice Dobb
- Subjects
- HC335.2
- Abstract
This volume consists of lectures and articles by Maurice Dobb selected from among those delivered or written by him during the 1950s and 60s. It includes three lectures delivered at the University of Bologna on ‘Some Problems in the History of Capitalism', two lectures on economic development given at the Delhi School of Economics, articles on the theory of development, and a number of articles on various questions of soviet economic planning contributed to specialist journals. The collection ends with a note in retrospect on Marx's Das Kapital published in recognition of the centenary of the appearance of Volume One of that work in 1867.
- Published
- 2012
5. Real Business Cycle Models in Economics
- Author
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Warren Young and Warren Young
- Subjects
- Business cycles--Mathematical models
- Abstract
The purpose of this book is to describe the intellectual process by which Real Business Cycle models were developed. The approach taken focuses on the core elements in the development of RBC models: (i) building blocks, (ii) catalysts, and (iii) meta-syntheses. This is done by detailed examination of all available unpublished variorum drafts of the key papers in the RBC story, so as to determine the origins of the ideas. The analysis of the process their discovery is then set out followed by explanations of the evolution and dissemination of the models, from first generation papers through full blown research programs. This is supplemented by interviews and correspondence with the individuals who were at the center of the development of RBC models, such as Kydland, Prescott, Long, Plosser, King, Lucas and Barro, among others. This book gets stright to the heart of the debates surrounding RBC models and as such contributes to a real assessment of their impact on modern macroeconomics. The volume, therefore, will interest all scholars looking at macroeconomics as well as historians of economic thought more generally.
- Published
- 2014
6. The Continental Dollar : How the American Revolution Was Financed with Paper Money
- Author
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Farley Grubb and Farley Grubb
- Subjects
- Monetary policy--United States, Dollar--History
- Abstract
An illuminating history of America's original credit market. The Continental Dollar is a revelatory history of how the fledgling United States paid for its first war. Farley Grubb upends the common telling of this story, in which the United States printed cross-colony money, called Continentals, to serve as an early fiat currency—a currency that is not tied to a commodity like gold, but rather to a legal authority. As Grubb details, the Continental was not a fiat currency, but a “zero-coupon bond”—a wholly different species of money. As bond payoffs were pushed into the future, the money's value declined, killing the Continentals'viability years before the Revolutionary War would officially end. Drawing on decades of exhaustive mining of eighteenth-century records, The Continental Dollar is an essential origin story of the early American monetary system, promising to serve as the benchmark for critical work for decades to come.
- Published
- 2023
7. On Economic Theory & Socialism : Collected Papers
- Author
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Maurice Dobb and Maurice Dobb
- Subjects
- Economics, Socialism
- Abstract
This volume collects published papers and essays from widely scattered and inaccessible sources, some of which appeared for the first time when this book was originally published. In the first part of the book the subjects range from the theory of wages and recent trends in economic theory to economists'criticism of capitalism and socialism, investment-policy in under-developed countries, and economic growth under the Soviet Five Year Plans. The second part includes papers on Lenin and Marx, a study of the economic ideas of Bernard Shaw, and an essay on historical materialism.
- Published
- 2012
8. Essays on a Mature Economy: Britain After 1840 : Papers and Proceedings on the New Economic History of Britain 1840-1930
- Author
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Deirdre McCloskey and Deirdre McCloskey
- Subjects
- HC255
- Abstract
These unique papers were originally read at a conference on the new economic history of Britain at Harvard in 1970, and each is accompanied by a summary of the discussion that followed it. The participants of the conference represented a broad range of scholars from both sides of the Atlantic.The first eleven papers deal with a variety of topics covering a period from 1840 to the 1920s. They focus on the performance of the British economy, and especially its businessmen, during the time of Britain's industrial maturity and relative decline. The papers and discussions reached a novel conclusion tha, contrary to commonly held opinion, the British economy performed well and that British businessmen were not lacking in entrepreneurial vigour compared with their German or American counterparts. But even more important for British historiography than this finding was the demonstration that economic and statistical methods can be applied successfully to the study of economic history. The papers in the concluding section discuss the origins and development of the new economic history and show that, as a substantial supplement to work along more traditional lines, its methods and application are both desirable and possible.This collection serves as an interesting report of research into a key period in British history, and also as a useful introductory account of the new economic history in the United Kingdom.This book was first published in 1971.
- Published
- 2006
9. Milton Friedman on Economics : Selected Papers
- Author
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Milton Friedman and Milton Friedman
- Subjects
- Monetary policy, Economics
- Abstract
On his death in the autumn of 2006, Milton Friedman was lauded as “the grandmaster of free-market economic theory in the postwar era” by the New York Times and “the most influential economist of the second half of the 20th century” by the Economist. Winner of the Nobel Prize in Economics in 1976, Friedman was both a highly respected economist and a prominent public intellectual, the leader of a revolution in economic and political thought that argued robustly in favor of virtues of free markets and laissez-faire policies. Milton Friedman on Economics: Selected Papers collects a variety of Friedman's papers on topics in economics that were originally published in the Journal of Political Economy. Opening with Friedman's 1977 Nobel Lecture, the volume spans nearly the whole of his career, incorporating papers from as early as 1948 and as late as 1990. An excellent introduction to Friedman's economic thought, Milton Friedman will be essential for anyone tracing the course of twentieth-century economics and politics.
- Published
- 2007
10. The Irish Pound, 1797-1826 : A Reprint of the Report of the Committee of 1804 of the House of Commons on the Condition of the Irish Currency
- Author
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Frank W. Fetter and Frank W. Fetter
- Subjects
- Currency question--Great Britain, Currency question--Ireland
- Abstract
First Published in 2005. The Irish Report is a scarce document, known to comparatively few economists. This reprint of the Report and of portions of the Minutes of Evidence, set against the historical background, will not only be of interest to the student of monetary theory and of monetary history, but also help to give perspective on some present-day problems of monetary and exchange policy, particularly in the countries of the sterling area. The Irish Report was frequently cited in the pamphlet literature of the time, and in Parliamentary debate, and discussed in detail the exchange situation between Ireland and England.
- Published
- 2013
11. Copies in Seconds : How a Lone Inventor and an Unknown Company Created the Biggest Communication Breakthrough Since Gutenberg--Chester Carlson and the Birth of the Xerox Machine
- Author
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David Owen and David Owen
- Subjects
- Xerography--History, Inventors
- Abstract
The first plain-paper office copier -- which was introduced in 1960 and has been called the most successful product ever marketed in America -- is unusual among major high-technology inventions in that its central process was conceived by a single person. David Owen's fascinating narrative tells the story of the machine nobody thought we needed but now we can't live without.Chester Carlson grew up in unspeakable poverty, worked his way through junior college and the California Institute of Technology, and made his discovery in solitude in the depths of the Great Depression. He offered his big idea to two dozen major corporations -- among them IBM, RCA, and General Electric -- all of which turned him down. So persistent was this failure of capitalist vision that by the time the Xerox 914 was manufactured by an obscure photographic-supply company in Rochester, New York, Carlson's original patent had expired. Xerography was so unusual and nonintuitive that it conceivably could have been overlooked entirely. Scientists who visited the drafty warehouses where the first machines were built sometimes doubted that Carlson's invention was even theoretically feasible.Drawing on interviews, Xerox company archives, and the private papers of the Carlson family, David Owen has woven together a fascinating and instructive story about persistence, courage, and technological innovation -- a story that has never before been fully told.
- Published
- 2008
12. Kemmerer on Money
- Author
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Edwin Walter Kemmerer and Edwin Walter Kemmerer
- Subjects
- Silver question, Money--United States, Currency question--United States, Gold
- Abstract
This book, first published in 1934, provides a discussion of the important facts and underlying principles of the financial problems that the American people were facing after the Great Depression. The title includes discussions of gold and paper standards, Germany's inflation, the silver question and debtor and creditor relationships. This title will be of interest to students of monetary economics and the history of economic thought.
- Published
- 2017
13. Shock Values : Prices and Inflation in American Democracy
- Author
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Carola Binder and Carola Binder
- Subjects
- Prices--Government policy--United States, Price regulation--United States--History, Monetary policy--United States--History, Inflation (Finance)--United States--History, Anti-inflationary policies--United States--His, Democracy--United States, United States--Economic conditions
- Abstract
How inflation and deflation fears shape American democracy. Many foundational moments in American economic history—the establishment of paper money, wartime price controls, the rise of the modern Federal Reserve—occurred during financial panics as prices either inflated or deflated sharply. The government's decisions in these moments, intended to control price fluctuations, have produced both lasting effects and some of the most contentious debates in the nation's history. A sweeping history of the United States'economy and politics, Shock Values reveals how the American state has been shaped by a massive, ever-evolving effort to insulate its economy from the real and perceived dangers of price fluctuations. Carola Binder narrates how the pains of rising and falling prices have brought lasting changes for every generation of Americans. And with each brush with price instability, the United States has been reinvented—not as a more perfect union, but as a reflection of its most recent failures. Shock Values tells the untold story of prices and price stabilization in the United States. Expansive and enlightening, Binder recounts the interest-group politics, legal battles, and economic ideas that have shaped a nation from the dawn of the republic to the present.
- Published
- 2024
14. Advances in Monetary Economics
- Author
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David Currie and David Currie
- Subjects
- Monetary policy
- Abstract
First published in 1985, Advances in Monetary Economics draws together papers given at the 1984 Money Study Group Conference and additional papers presented in seminars of the same year. The book includes papers on theoretical, empirical and institutional aspects of monetary economics. Each chapter displays a concern with policy in the monetary sphere, both with regards to macroeconomic questions of monetary and fiscal management, and issues of policy at the microeconomic level towards financial institutions and markets. In doing so, the book highlights the importance of monetary economics in policy issues.Advances in Monetary Economics has enduring relevance for those with an interest in the history and development of monetary economics.
- Published
- 2021
15. English Public Finance : English Government Finance 1485-1558
- Author
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Frederick Charles Dietz and Frederick Charles Dietz
- Subjects
- Finance, Public--Great Britain--History--To 1688
- Abstract
First Published in 1964. The following pages are a reprint, with textual corrections, of three separate studies relating to Tudor and early Stuart public finance. In this paper there are some general observations covering the entire field under survey. This book was a reworking of a Ph.D. thesis submitted to Harvard University in 1916 together with three additional chapters covering the reigns Edward VI and Mary.
- Published
- 2013
16. Franco Modigliani and Keynesian Economics
- Author
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Antonella Rancan and Antonella Rancan
- Subjects
- HB109.M63
- Abstract
This book follows the intellectual path of Franco Modigliani, Nobel Prize winner and one of the most influential Keynesian economists of the twentieth century, tracing his development and examining the impact of his research. The book begins with Modigliani's early work as a young law student in 1930s Italy and traces his development through his emigration to the US, his introduction to Keynes'General Theory at the New School, and his seminal 1944 article on Keynesian and classical economics. The book also examines Modigliani's pioneering theory of savings: the life-cycle hypothesis (with Richard Brumberg), and the Modigliani–Miller theorem, a cornerstone of modern theory of finance. The book argues that although Modigliani is placed amongst the most prominent Keynesian economists, his connections with Keynesian theory are of secondary importance until the beginning of the 1960s when he joined MIT.This is the first book to place Modigliani's thought in its proper historical context, showing how it related to wider economic concerns and examining the social and political implications of his work. It will be of interest to scholars in the history of economic thought, and especially post-war American Keynesian economics.
- Published
- 2020
17. The Anti-Corn Law League : 1838-1846
- Author
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Norman McCord and Norman McCord
- Subjects
- HF2053
- Abstract
Although the Anti-Corn Law league played a most important part in the politics of the 1840's, there is no modern study of its activities and organization. Based on several years work on the original sources, as well as papers belonging to George Wilson, President of the League for most of its life, this book sheds light on the internal history and organization of the League.Written from a political perspective, Dr McCord describes the origin, organization and activities of the League, together with its effect on the contemporary political scene, and as such, fills an important gap in our knowledge of the political history of early Victorian England. At the same time, the book provides an analysis of an unusually well-documented political pressure group, making it a most welcome addition to literature for historians and economic historians, as well as students of political science.This book was first published in 1958.
- Published
- 2006
18. Research in Economic History
- Author
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Christopher Hanes, Susan Wolcott, Christopher Hanes, and Susan Wolcott
- Subjects
- Economic history
- Abstract
Volume 34 contains articles on the economic history of Europe, North America and South America and brings new analysis, and newly created datasets to address issues of interest. Two of the papers present newly constructed datasets. In'Prices, Wages and the Cost of Living in Old Republic São Paulo: 1891-1930', Ball presents a newly constructed real wage index. São Paulo was the main destination for immigrants to Brazil in this period, but there has never before been sufficient data to analyse why. In'Multiple Core Regions: Regional Inequality in Switzerland, 1860 to 2008', Stohr uses the wealth of available Swiss data on agriculture and employment to create GDP measures for subregions in Switzerland. He uses these data to argue that aggregate inequality in Switzerland was low in the initial push to industrialization because there were multiple, similar centers industrializing simultaneously, thus mitigating inequality across regions. Two of the papers gather together existing data so that it can be analysed for the first time in a consistent manner. In'The forgotten half of finance: working-class saving in late nineteenth-century New Jersey', Bodenhorn uses previously unexplored consumer surveys to characterize the savings behavior of the working class. And in'Heights across the last 2000 years in England', Galofré-Vilà, Hinde, and Guntupalli gather all existing skeletal data for England for 2000 years to create a consistent longitudinal height series. They compare the series to height series of other regions as well as other measures of well being in England. And finally, in'Monetary Policy and the Copper Price Bust: A Reassessment of the Causes of the 1907 Panic', Rogers and Payne dig into the details of copper prices to discover the link between the Bank of England's contractionary monetary policy and changes in real asset prices. Their findings have important implications for understanding the mechanisms of monetary policy.
- Published
- 2018
19. Specification Analysis in the Linear Model
- Author
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Maxwell L. King, David E. A. Giles, Maxwell L. King, and David E. A. Giles
- Subjects
- Linear models (Statistics), Econometrics, Econometric models
- Abstract
Originally published in 1987. This collection of original papers deals with various issues of specification in the context of the linear statistical model. The volume honours the early econometric work of Donald Cochrane, late Dean of Economics and Politics at Monash University in Australia. The chapters focus on problems associated with autocorrelation of the error term in the linear regression model and include appraisals of early work on this topic by Cochrane and Orcutt. The book includes an extensive survey of autocorrelation tests; some exact finite-sample tests; and some issues in preliminary test estimation. A wide range of other specification issues is discussed, including the implications of random regressors for Bayesian prediction; modelling with joint conditional probability functions; and results from duality theory. There is a major survey chapter dealing with specification tests for non-nested models, and some of the applications discussed by the contributors deal with the British National Accounts and with Australian financial and housing markets.
- Published
- 2018
20. Routledge Revivals: A Landmark in Accounting Theory (1996) : The Work of Gabriel A.D. Preinreich
- Author
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Richard P Brief and Richard P Brief
- Subjects
- Accounting--History
- Abstract
First published in 1996, this book seeks to establish Gabriel A.D. Preinreich as an important accounting theorist and redress the neglect that his work has suffered despite its foundational importance to prominent areas of modern research. Two criteria were used to select the papers included in this volume — papers related to dividends, yield, valuation, goodwill and depreciation were selected while those that were primarily concerned with mathematical economics were omitted. The collected articles and other items were written between 1931 and 1944 and grouped into three sections: accounting from the investor's viewpoint; valuation and goodwill; and depreciation.
- Published
- 2017
21. Reform of the Federal Reserve System in the Early 1930s : The Politics of Money and Banking
- Author
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Sue C. Patrick and Sue C. Patrick
- Subjects
- Banking law--United States--History, Monetary policy--United States--History, Banks and banking--United States--History
- Abstract
This book, first published in 1993, examines in detail the bureaucratic and political manoeuvring surrounding the enactment of banking and monetary reforms in the 1930s. Although banking reform influenced the politics of both the Hoover and Roosevelt presidencies, most surveys devote only a few pages to monetary disturbances and the reforms passed as a result.
- Published
- 2017
22. Industries and Global Competition : A History of Business Beyond Borders
- Author
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Bram Bouwens, Pierre-Yves Donzé, Takafumi Kurosawa, Bram Bouwens, Pierre-Yves Donzé, and Takafumi Kurosawa
- Subjects
- International trade, International business enterprises, Industries, Competition, International
- Abstract
Changes in the dynamics of economic activities since the last decades of the 20th century have yielded major changes in the composition of industries and the division of labor and production across different regions of the world. Despite these shifts in the global economy, some industries have remained competitive even without relocating their operations overseas.Industries and Global Competition examines how and why the specificities of certain industries and firms determined their choice of location and competitiveness. This volume identifies the major drivers of this process and explains why some firms and industries moved to other parts of world while others did not. Relocation was not the sole determinant of the success or failure of firms and industries. Indeed some were able to reinvent themselves at their original location and build new competitive advantages. The path that each industry or firm took varied. This book argues that the specific characteristics of each industry defined the conditions of competitiveness and provide a wide range of cases as illustrations. Aimed at scholars, researchers and acadmeics in the fields of business history, international business and related disciplines Industries and Global Competition exmaines the unique questions; How and why did the specificities of certain industries and firms determine their choice of location and competitiveness?Chapter 11 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.
- Published
- 2017
23. Ricardo on Money : A Reappraisal
- Author
-
Ghislain Deleplace and Ghislain Deleplace
- Subjects
- Money, Monetary policy
- Abstract
Despite his achievements, David Ricardo's views on money have often been misunderstood and underappreciated. His advanced ideas had to wait until the twentieth century to be applied, and most historians of economic thought continue to consider him as an obsolete orthodox. The last book devoted in tribute to Ricardo as a monetary economist was published more than 25 years ago. Ricardo on Money encompasses the whole of Ricardo's writings on currency, whether in print, unpublished notes, correspondence, or reported parliamentary speeches and evidence. The aim of the book is at rehabilitating Ricardo as an unorthodox theorist on money and suggesting his relevance for modern analysis. It is divided into three parts: history, theory and policy. The first describes the factual and intellectual context of Ricardo's monetary writings. The second part puts the concept of standard centre stage and clarifies how, according to Ricardo, the standard regulated the quantity – and hence the value – of money. The final part shows that Ricardo relied on the active management of paper money rather than on flows of bullion and commodities to produce international adjustment and guarantee the security of the monetary system. Published to coincide with the 200th anniversary of the publication of On the Principles of Political Economy, and Taxation, this book will be of great interest to all historians of economic thought and scholars of monetary economics.
- Published
- 2017
24. Banking Modern America : Studies in Regulatory History
- Author
-
Jesse Stiller and Jesse Stiller
- Subjects
- HG2555
- Abstract
The passage of the National Currency Act of 1863 gave the United States its first uniform paper money, its first nationally chartered and supervised commercial banks, and its first modern regulatory agency: the Office of the Comptroller of the Currency. The law marked a milestone in the development of the U.S. financial system and the modern administrative state. Yet its importance has been largely overlooked. Banking Modern America aims to address that gap. With its unique multidisciplinary approach that brings together scholars from disciplines including history, economics, the law, and finance, this book lends a new dimension to studying the origins and development of a system that touched key aspects of modern America. Chapters examine key episodes in the history of Federal banking, looking at the Civil War origins of the national banking system and the practical challenges of setting up a new system of money and banking. The essays in this volume explore the tensions that arose between bankers and Federal regulators, between governmental jurisdictions, and even between regulators themselves. This book will be essential reading for academics of banking and finance, regulation, numismatics and history, as well as professional economists, historians and policy makers interested in the history of the US financial system.
- Published
- 2017
25. History of Monetary and Credit Theory : From John Law to the Present Day
- Author
-
Charles Rist and Charles Rist
- Subjects
- Economics--History, Money, Credit
- Abstract
Originally published in 1940, this book traces the development of theories concerning currency and credit from the beginning of the eighteenth century to the middle of the twentieth. It provides a comprehensive account of the political and economic conditions in which the theories and controversies arose, with the result that the work has become a classic in its field.
- Published
- 2017
26. A History of Australasian Economic Thought
- Author
-
Alex Millmow and Alex Millmow
- Subjects
- Economics--New Zealand--History, Economics--Australasia--History, Economics--Australia--History
- Abstract
This overview of Australasian economic thought presents the first analysis of the Australian economic contribution for 25 years, and is the first to offer a panoramic sweeping account of New Zealand economic thought. Those two countries, both at the start of the twentieth century and at its end, excelled at innovative economic practices and harbouring unique economic institutions.A History of Australasian Economic Thought explains how Australian and New Zealand economists exerted influence on economic thought and contributed to the economic life of their respective countries in the twentieth century. Besides surveying theorists and innovators, this book also considers some of the key expositors and builders of the academic economics profession in both countries. The book covers key economic events including the Great Depression, the Second World War, the post-war boom and the great inflation that overtook it and, lastly, the economic reform programmes that both Australia and New Zealand undertook in the 1980s. Through the interplay of economic events and economic thought, this book shows how Australasian economists influenced, to differing degrees, economic policy in their respective countries.This book is of great importance to those who are interested in and study the history of economic thought, economic theory and philosophy, and philosophy of social science, as well as Australasian economics.
- Published
- 2017
27. Peripheral Visions of Economic Development : New Frontiers in Development Economics and the History of Economic Thought
- Author
-
Mario Garcia-Molina, Hans-Michael Trautwein, Mario Garcia-Molina, and Hans-Michael Trautwein
- Subjects
- International cooperation, Economic development--Developing countries, Economic history
- Abstract
This book explores peripheral visions on economic development, both in the sense that it deals with specific issues of economic development and underdevelopment in countries at the periphery of the world economy, and in terms of its exploration of the economic thinking developed in those regions, particularly in Latin America. Bringing together an international group of historians of thought, economic historians and development economists from Latin America, Europe and other parts of the world, this volume is highly credited and is an excellent contribution to development economic studies. This book is divided into four parts. Following the introduction, the first set of papers describes the evolution of core-periphery perspectives in key contributions by Raúl Prebisch, Oskar Lange, Albert Hirschman, Celso Furtado and Homero Cuevas. The second set discusses the links between unbalanced productive structures and external trade in peripheral countries. The third set contains papers on critical episodes in the development of monetary and financial systems in Latin America during the 19th and 20th centuries. The fourth set deals with geographical and institutional aspects of path dependence in the governance of external trade and in the development of liberties, property rights and economic education in Europe, Latin America and Africa. Several chapters make use of hitherto unexplored archival material. Other chapters draw attention to important episodes or literatures that have largely gone unnoticed in the English-speaking world. Yet others combine conceptual innovations with work on new historical data and other sources hitherto not utilized in such contexts. This book is ideal for those who study and research development economics, history of economic thought and economic history, especially in Latin America.
- Published
- 2016
28. Social Ontology and Modern Economics
- Author
-
Stephen Pratten and Stephen Pratten
- Subjects
- HM548
- Abstract
Economists increasingly recognise that engagement with social ontology – the study of the basic subject matter and constitution of social reality - can facilitate more relevant analysis. This growing recognition amongst economists of the importance of social ontology is due very considerably to the work of members of the Cambridge Social Ontology Group. This volume brings together important papers by members of this group, some previously unpublished, in a collection that reveals the breadth and vitality of this Cambridge project. It provides a brilliant introduction to the central themes explored, perspectives sustained, insights achieved and how the project is moving forward.An initial set of papers examine how ontology is understood and justified within this Cambridge project and consider how it compares with prominent historical and contemporary alternatives. The majority of the included papers involve social ontological analysis being put to work directly in underlabouring for specific types of development in economics. The papers are grouped according to their contribution to clarifying and developing (i) various competing traditions and projects of modern economics, (ii) history of thought contributions, (iii) methodological concerns, (iv) ethics and (v) conceptions of particular aspects of social reality, including money, gender, technology and institutions. Background to and a brief history of the Cambridge group is provided in the Introduction. Social Ontology and Modern Economics will be of interest not only to economists but also philosophers of social science, social theorists and those eager to explore the nature of gender, social institutions and technology.
- Published
- 2015
29. The History of Ancient Chinese Economic Thought
- Author
-
Cheng Lin, Terry Peach, Wang Fang, Cheng Lin, Terry Peach, and Wang Fang
- Subjects
- Economics--China--History
- Abstract
This volume comprises twelve papers written by Chinese scholars on various aspects of the history of ancient Chinese economic thought. The contributions are preceded by an introduction which gives an overview of the development of the subject of history of economic thought in China, and which also provides an historical context to the individuals who constitute the major'schools'of ancient Chinese economic thought. The authors of the papers are leading scholars who have dominated this research area since the founding of New China in 1949, while the broad range of topics covered by the contributions includes questions of methodology, detailed and sometimes controversial interpretations of texts and'schools', and the international influence and modern relevance of ancient Chinese thought. A recurrent theme is that ancient Chinese thought has at least as much to offer to the historian as ancient Western thought. As the first such volume of papers to be translated into English, this collection provides a unique opportunity for non-Chinese readers to sample the way in which Chinese historians of economics have attempted to understand their own intellectual heritage. This book will be relevant to scholars interested in the history of economic thought, economic history and Chinese studies.
- Published
- 2014
30. Studies in Scottish Business History
- Author
-
Peter L. Payne and Peter L. Payne
- Subjects
- Industries--Scotland--History, Investments, Scottish--History
- Abstract
This book was first published in 1967. This volume contains a number of essays looking at Scottish business history, its sources and archives. Section two explores domestic and enterprise organsation with examples of lead-mining, joint stock and he law, the Glasglow savings bank and the east coast herring fishing. Section three expands Scottish Enterprise overseas from 1707 to the nineteeth century.
- Published
- 2013
31. The Monetarists : The Making of the Chicago Monetary Tradition, 1927–1960
- Author
-
George S. Tavlas and George S. Tavlas
- Subjects
- Quantity theory of money, Monetary policy--United States--History--20th century, Chicago school of economics--History
- Abstract
An essential origin story of modern society's most influential economic doctrine. The Chicago School of economic thought has been subject to endless generalizations—and mischaracterizations—in contemporary debate. What is often portrayed as a monolithic obsession with markets is, in fact, a nuanced set of economic theories born from decades of research and debate. The Monetarists is a deeply researched history of the monetary policies—and personalities—that codified the Chicago School of monetary thought from the 1930s through the 1960s. These policies can be characterized broadly as monetarism: the belief that prices and interest rates can be kept stable by controlling the amount of money in circulation. As economist George S. Tavlas makes clear, these ideas were more than just the legacy of Milton Friedman; they were a tradition in theory brought forth by a crucible of minds and debates throughout campus. Through unprecedented mining of archival material, The Monetarists offers the first complete history of one of the twentieth century's most formative intellectual periods and places. It promises to elevate our understanding of this doctrine and its origins for generations to come.
- Published
- 2023
32. Easy Money : American Puritans and the Invention of Modern Currency
- Author
-
Dror Goldberg and Dror Goldberg
- Subjects
- Monetary policy--Massachusetts--History--17th century, Monetary policy--England--History--16th century, Money--United States--History--17th century, Legal tender--United States--History--17th century
- Abstract
A sweeping history of the American invention of modern money. Economists endlessly debate the nature of legal tender monetary systems—coins and bills issued by a government or other authority. Yet the origins of these currencies have received little attention. Dror Goldberg tells the story of modern money in North America through the Massachusetts colony during the seventeenth century. As the young settlement transitioned to self-governance and its economy grew, the need to formalize a smooth exchange emerged. Printing local money followed. Easy Money illustrates how colonists invented contemporary currency by shifting its foundation from intrinsically valuable goods—such as silver—to the taxation of the state. Goldberg traces how this structure grew into a worldwide system in which, monetarily, we are all Massachusetts. Weaving economics, law, and American history, Easy Money is a new touchstone in the story of monetary systems.
- Published
- 2023
33. The Economics of Creative Destruction : New Research on Themes From Aghion and Howitt
- Author
-
Ufuk Akcigit, John Van Reenen, Ufuk Akcigit, and John Van Reenen
- Subjects
- Economic development, Creative destruction
- Abstract
A stellar cast of economists examines the roles of creative destruction in addressing today's most important political and social questions.Inequality is rising, growth is stagnant while rents accumulate, the environment is suffering, and the COVID-19 pandemic exposed every crack in the systems of global capitalism. How can we restart growth? Can our societies be made fairer? Editors Ufuk Akcigit and John Van Reenen assemble a world-leading group of social scientists and theorists to consider these questions and, in particular, how ideas about the economics of creative destruction may help solve the problems we face.Most closely associated with Joseph Schumpeter, formalized by Philippe Aghion and Peter Howitt in the 1990s, the idea of innovation as creative destruction has become foundational in economics, reaching into almost every corner of the discipline—both theoretically and empirically. Now, at a time of rapid and disorienting change, is an opportune moment to pull the disparate strands of research together to assess what has been learned and continue an intellectual project that can aid economic decision-making in the decades to come.The cutting-edge work in The Economics of Creative Destruction focuses on innovation and growth. Contributors offer illuminating insights into monopoly and inequality, the nature of the social safety net, climate change, and the ups and downs of regulation. Collectively, they suggest that governance has a role to play in capitalism, maximizing its benefits and minimizing its risks.
- Published
- 2023
34. Trevor Winchester Swan, Volume II : Contributions to Economic Theory and Policy
- Author
-
Peter L. Swan and Peter L. Swan
- Subjects
- Economics--History
- Abstract
This book, the second of two volumes, explores the legacy of Trevor Winchester Swan, often described as Australia's greatest ever economist. Some of Swan's most prominent articles are presented alongside analysis of his work from leading historians of economic thought to provide a broad and insightful view of his work. Particular attention is given to Swan's work on the balance of payments, economic development, capital accumulation, and the neoclassical growth model. This book aims to shed light on the enigmatic and influential life of Trevor Winchester Swan. It will be relevant to students and researchers interested in the history of economic thought and those that want to understand the foundations of modern macro, trade, and neoclassical economics.
- Published
- 2023
35. Calming the Storms : The Carry Trade, the Banking School and British Financial Crises Since 1825
- Author
-
Charles Read and Charles Read
- Subjects
- Financial crises--Great Britain--History, Carry trades (Foreign exchange)
- Abstract
This book exposes, for the first time in modern scholarship, the role that the rise of the Carry Trade played in British financial crises between 1825 and 1866, how in reaction the Bank of England improved its management of monetary policy after 1866 and how those lessons have been forgotten since the 1970s. Britain is one of the few major capitalist economies in the world to have avoided policy-induced systemic financial crises for more than 100 years of its history—between 1866 and 1973. Beforehand, it suffered a series of serious banking panics, in 1825, 1837, 1847, 1857-58 and 1866. Since the 1970s banking instability has returned again, with the global financial crisis of 2007-09 hitting Britain hard. Economists and policymakers have asked what can be learnt from Britain's experience of the disappearance and reappearance of crises to help efforts to prevent future ones. This book answers that question with a major reassessment of Britain's financial history over the past two centuries. It does so by applying the long-neglected ideas of the British Banking School to explain how crises can occur because of the Carry Trade. This book is essential reading for economists and historians of modern Britain, practitioners and policymakers, as well as anyone who is affected by financial crises and their consequences.
- Published
- 2022
36. The Palgrave Companion to Chicago Economics
- Author
-
Robert A. Cord and Robert A. Cord
- Subjects
- Economics--Illinois--Chicago--History
- Abstract
The University of Chicago has been and continues to be one of the most important global centres for economics. With six chapters on themes in Chicago economics and 33 chapters on the lives and work of Chicago economists, this volume shows how economics became established at the University, how it produced some of the world's best-known economists, including Frank Knight, Milton Friedman and Robert Lucas, and how it remains a global force for the very best in teaching and research in economics. With original contributions from a stellar cast, this volume provides economists – especially those interested in macroeconomics and the history of economic thought – with an in-depth analysis of Chicago economics.
- Published
- 2022
37. The Political Economy of Populism : An Introduction
- Author
-
Petar Stankov and Petar Stankov
- Subjects
- Income distribution--Political aspects, Economic policy--Social aspects, Populism--Economic aspects, Polarization (Social sciences)--Political aspects, World politics--20th century
- Abstract
The Political Economy of Populism explores the interplay between identity, the economy and inequality to explain the dynamics of populist votes since the beginning of the 20th century. The book discusses the political and economic implications of populist governance using data on populist incumbencies and linking it to historical data on the macro economy and democracy. Chapters draw from the most recent political science, economics and other social science literature, as well as historical data, to explain the long-term causes and consequences of populism. Populism emerges and gains traction when political entrepreneurs exploit underlying identity conflicts for political gains. As the distributional consequences of both economic distress and economic growth typically favor the elite over the poor and the lower middle class, economic shocks usually sharpen the underlying identity conflicts between the groups. The book provides evidence of significant differences in the ways fiscal and monetary policies are conducted by incumbent populists in Latin America, Europe and the OECD. The work concludes by suggesting avenues through which a 21st century social consensus can be built, so that our society can avoid repeating the mistakes that led to wars and failed economic experiments in the 20th century. The Political Economy of Populism marks a significant contribution to the study of populism and is suited to students and scholars across the social sciences, including economics, political science and sociology.
- Published
- 2021
38. Britain's Economic Prospects Reconsidered
- Author
-
Alec Cairncross and Alec Cairncross
- Subjects
- HC256.6
- Abstract
This book is a sequal to Britain's Economic Prospects, the report issued in 1968 by the Brookings Institution and universally accepted as the most thorough and comprehensive study of the British Economy to have ever appeared. Two years later, just after the British General election, six fo the American economists who prepared the Brookings Report met with a number of other leading economists from Britain and the United States, at a weekend conference at Ditchley Park, to review the findings of the report. Papers submitted to the conference by four of the British Economists (R.C.C. Matthews, G.D.N. Worswick, E.H. Phelps Brown and M.V. Posner) covered the same ground as the Brookings Report - the role of demand management, trade and balance-of-payments problems, labour policies, and industrial policies. The conference also had before it a fifth paper, on fiscal policy and stabilization, which took issue with some of the views expressed in the Brookings report.These papers form the core of this book, which also contains an account of the conference discussions and concluding reflections by its Chairman, Sir Alec Cairncross, formerly Chief Economic Adviser to H.M. Government.Britain's Economic Prospects Reconsidered is neither a detailed critique of the Brookings Report nor a rejoinder to it, but rather an attempt to reassess British performance and policies in the light of experience since devaluation. Its central concern is the question of why economic growth in Britain since the war has been slower than in other countries. This book was first published in 1971.
- Published
- 2010
39. Economic Theory and Economic Thought : Essays in Honour of Ian Steedman
- Author
-
John Vint, J. Stanley Metcalfe, Heinz D. Kurz, Neri Salvadori, Paul Samuelson, John Vint, J. Stanley Metcalfe, Heinz D. Kurz, Neri Salvadori, and Paul Samuelson
- Subjects
- HB241
- Abstract
Ian Steedman is recognised internationally as one of the leading economic theorists of his time and has made major contributions to the development of economic theory and economic thought, as substantiated by his work on Marx, Sraffa, Marshall, Jevons and Wicksteed. His contributions to economic theory include his work on time, international trade, capital theory and growth and distribution. This collection reflects the wide ranging interests of Ian Steedman and is a tribute to his outstanding contributions.This edited collection brings together twenty two new essays by distinguished economists from around the world. The papers cover a wide range of topics including; international trade – an area in which Steedman has made significant contributions; Sraffa, the history of economic thought and theoretical papers – including Faustian Agents and market failure in waste production.The essays in this book will be an invaluable source for economists interested in economic theory or in the evolution of economic thought. It will also be of interest to postgraduate and research students in economic theory and the history of economic thought.John Vint is Professor of Economics at Manchester Metropolitan University, UK. J. Stanley Metcalfe is Professor of Economics at the University of Manchester, UK. Heinz D. Kurz is Professor of Economics at the University of Graz, Austria. Neri Salvadori is Professor of Economics at the University of Pisa, Italy. Paul Samuelson is Professor of Economics at the Massachusetts Institute of Technology, USA.
- Published
- 2010
40. Milton Friedman and Economic Debate in the United States, 1932–1972, Volume 2
- Author
-
Edward Nelson and Edward Nelson
- Subjects
- Economics--United States--History--20th century, Economists--United States--Biography, Chicago school of economics
- Abstract
Milton Friedman is widely recognized as one of the most influential economists of the twentieth century. Yet no previous study has distilled Friedman's vast body of writings into an authoritative account of his research, his policy views, and his interventions in public debate. With this ambitious new work, Edward Nelson closes the gap: Milton Friedman and Economic Debate in the United States is the defining narrative on the famed economist, the first to grapple comprehensively with Friedman's research output, economic framework, and legacy. This two-volume account provides a foundational introduction to Friedman's role in several major economic debates that took place in the United States between 1932 and 1972. The first volume, which takes the story through 1960, covers the period in which Friedman began and developed his research on monetary policy. It traces Friedman's thinking from his professional beginnings in the 1930s as a combative young microeconomist, to his wartime years on the staff of the US Treasury, and his emergence in the postwar period as a leading proponent of monetary policy. The second volume covers the years between 1960 and 1972— years that saw the publication of Friedman and Anna Schwartz's Monetary History of the United States. The book also covers Friedman's involvement in a number of debates in the 1960s and 1970s, on topics such as unemployment, inflation, consumer protection, and the environment. As a fellow monetary economist, Nelson writes from a unique vantage point, drawing on both his own expertise in monetary analysis and his deep familiarity with Friedman's writings. Using extensive documentation, the book weaves together Friedman's research contributions and his engagement in public debate, providing an unparalleled analysis of Friedman's views on the economic developments of his day.
- Published
- 2020
41. Management and Organizational History : A Research Overview
- Author
-
Albert J. Mills, Milorad M. Novicevic, Albert J. Mills, and Milorad M. Novicevic
- Subjects
- Management--History--Periodicals, Organizational behavior--History--Periodicals
- Abstract
Management and organizational history has grown into an established field of research with competing and contrasting approaches and methods that are relevant for management and organization studies.This short-form book provides readers with expert insights on intellectual interventions in management and organization history. The authors illuminate the central ideas, works, and theorists involved in forming the link between history, management, and organization studies, particularly focusing on the debates addressing the need for a'historic turn'in management and organizational studies.With coverage of nascent schools of thought in management historiography, such as ANTi-History, revisionist history, counter-history, rhetorical history, the Copenhagen School, microhistory, critical realist histories, alongside existing modernist and post-modernist approaches, as well as postcolonial, decolonial, and feminist critiques, the book is essential reading for scholars and students learning or exploring the role of history in management and organization studies.
- Published
- 2020
42. A Contemporary Historiography of Economics
- Author
-
Till Düppe, E. Roy Weintraub, Till Düppe, and E. Roy Weintraub
- Subjects
- Economics--History
- Abstract
In recent years, the focus of historians of economic thought has changed to also include the ideas and practices of contemporary economists. This has opened up new questions regarding the utilization of sources, choice of method, narrative styles, and ethical issues, as well as a new awareness of the historian's place, role, and task. This book brings together leading contributors to provide, for the first time, a methodological overview of the historiography of economics. Emphasising the quality of the scholarship of recent decades, the book seeks to provide research tools for future historians of economic thought, as well as to any historians of social science with an interest in historiographic issues.
- Published
- 2019
43. Share Trading, Fraud and the Crash of 1929 : A Biography of Clarence Hatry
- Author
-
Chris Swinson and Chris Swinson
- Subjects
- Stock exchanges--England--London, Fraud--England--London--Biography, Stock Market Crash, 1929
- Abstract
This is a comprehensive biography of Clarence Charles Hatry, 1888-1965, an enigmatic and charismatic public figure. Hatry was the son of Jewish immigrant parents who became a company promoter and whose companies collapsed in 1929, leading to a crash on the London stock exchange. He was brought down by a desperate fraud. At his trial three months later, the judge said that he could not imagine a worse crime.Analysing transactions in detail, the book reveals Hatry's brilliance as a manipulator and a world-class networker and persuader. It also demonstrates his vain belief in his ability to overcome any risks and his insecurity which led him to surround himself with sycophants who would not challenge his ideas. It shows how others used Hatry to make money, and, as he destroyed himself, as a scapegoat who distracted from the City's failings. Despite his deepest ambitions, he remained an outsider. Until now there has been no full biography of Clarence Hatry, which may be attributable to the lack of records, as his business papers are believed all to have been destroyed. This comprehensive biography is based on examination of the memoirs of Hatry's contemporaries, the archives and records which they and their companies preserved, and press reports of Hatry's activities. Marking the 90th anniversary of Hatry's collapse, this book will be important reading for academics and researchers looking to gain a greater understanding of the context of the 1929 crash, or of financial crises generally.
- Published
- 2019
44. Pluralistic Economics and Its History
- Author
-
Ajit Sinha, Alex M. Thomas, Ajit Sinha, and Alex M. Thomas
- Subjects
- Economics--Philosophy, Economics--History--20th century
- Abstract
This volume is a history of economics – as it was interpreted, discussed and established as a discipline – in the 20th century. It highlights the pluralism of the discipline and brings together leading voices in the field who reflect on their lifelong work. The chapters draw on a host of traditions of economic thought, including pre-classical, classical, Marxian, neoclassical, Sraffian, post-Keynesian, Cantabrigian and institutionalist traditions in economics. Further, the volume also looks at the history of economics in India and its evolution as a discipline since the country's independence. This book will appeal to students, researchers and teachers of economics and intellectual history, as well as to the interested general reader.
- Published
- 2019
45. 21st Century Economics : Economic Ideas You Should Read and Remember
- Author
-
Bruno S. Frey, Christoph A. Schaltegger, Bruno S. Frey, and Christoph A. Schaltegger
- Subjects
- Economics--History--21st century, Economics
- Abstract
Economics is a science that can contribute substantial powerful and fresh insights! This book collects essays by leading academics that evaluate the scholarly importance of contemporary economic ideas and concepts, thus providing valuable knowledge about the present state of economics and its progress. This compilation of short essays helps readers interested in economics to identify 21st century economic ideas that should be read and remembered. The authors state their personal opinion on what matters most in contemporary economics and reveal its fascinating and creative sides.
- Published
- 2019
46. The Economic Theory of Costs : Foundations and New Directions
- Author
-
Matthew McCaffrey and Matthew McCaffrey
- Subjects
- Value, Transaction costs, Cost
- Abstract
The theory of costs is a cornerstone of economic thinking, and figures crucially in the study of human action and society. From the first day of a principles-level course to the most advanced academic literature, costs play a vital role in virtually all behaviors and economic outcomes. How we make choices, why we trade, and how we build institutions and social orders are all problems that can be explained in light of the costs we face.This volume explores, develops, and critiques the rich literature on costs, examining some of the many ways cost remains relevant in economic theory and practice. The book especially studies costs from the perspective of the Austrian or “causal-realist” approach to economics. The chapters integrate the history of economic thought with contemporary research, finding valuable crossroads between numerous traditions in economics. They examine the role of costs in theories of choice and opportunity costs; demand and income effects; production and distribution; risk and interest rates; uncertainty and production; monopsony; Post-Keynesianism; transaction costs; socialism and management; and social entrepreneurship.Together, these papers represent an update and restatement of a central element in the economic way of thinking. Each chapter reveals how the Austrian, causalrealist approach to costs can be used to solve an important problem or debate in economics. These chapters are not only useful for students learning these concepts for the first time: they are also valuable for researchers seeking to understand the unique Austrian perspective and those who want to apply it to new problems.
- Published
- 2018
47. Money, Currency and Crisis : In Search of Trust, 2000 BC to AD 2000
- Author
-
R.J. van der Spek, Bas van Leeuwen, R.J. van der Spek, and Bas van Leeuwen
- Subjects
- Financial crises--History, Money--History, Economic history
- Abstract
Money is a core feature in all discussions of economic crisis, as is clear from the debates about the responses of the European Central Bank and the Federal Reserve Bank of the United States to the 2008 economic crisis.This volume explores the role of money in economic performance, and focuses on how monetary systems have affected economic crises for the last 4,000 years. Recent events have confirmed that money is only a useful tool in economic exchange if it is trusted, and this is a concept that this text explores in depth. The international panel of experts assembled here offers a long-range perspective, from ancient Assyria to modern societies in Europe, China and the US.This book will be of interest to students and researchers of economic history, and to anyone who seeks to understand the economic crises of recent decades, and place them in a wider historical context.
- Published
- 2018
48. Input-Output in the United Kingdom : Proceedings of the 1968 Manchester Conference
- Author
-
W. F. Dr. Gossling and W. F. Dr. Gossling
- Subjects
- Input-output analysis--Great Britain--Congresses
- Abstract
Originally published in 1970. Input-output analysis has been described as the'lynch-pin of modern economic planning'. Its purpose is to trace the consequences of any economic change through each sector of the economy; to measure, for example, the effects of an increase in fuel tax on the price of food, or of an expansion in car production on the country's import bill. This kind of knowledge is clearly essential for making economic predictions. This book presents the proceedings of the 1968 Manchester Conference including six outline papers, each followed by discussion, and several summaries of ongoing and proposed research which were added afterwards. The speakers and participants constituted a representative sample of persons from Industry and Commerce, as well as the Universities and the Civil Service.
- Published
- 2018
49. The Battle for Britain's Gold Standard in 1931
- Author
-
Diane B Kunz and Diane B Kunz
- Subjects
- International finance--History, Monetary policy--Great Britain--History, Gold standard--Great Britain--History
- Abstract
This book, originally published in 1987 sets the British political and financial crisis of 1931 in an international context by concentrating on the bankers who were primarily responsible for leading the fight to protect sterling in a world context. 1931 marks the point at which the near-autonomy which bankers had achieved during the 1920s began to decline and 1931 was thus the last attempt of important groups to return Britain to the Edwardian era. The reasons for their failure to do this are still pertinent in today's international financial climate and this study provides a definitive account of an eciting episode in British politics.
- Published
- 2018
50. Hyperinflation : A World History
- Author
-
He Liping and He Liping
- Subjects
- Inflation (Finance)--History
- Abstract
Since 1970s when the world was experiencing an'age of inflation', a great volume of academic research about hyperinflation has been conducted. However, it is also true that parrot-like superficial talks abound, without questioning the economic, political and social foundations existing underneath the economic phenomenon. Based on research results of contemporary economists, media reports and historical works, this book will be the most comprehensive narrative of all major events of hyperinflation worldwide from the turn of the first millennium to the mid-2010s. Firstly, it gives a brief illustration of the basic concepts of hyperinflation, starting with the definitions and price measurement. Then it traces and analyzes all major episodes of hyperinflation that occurred over the past two thousand years or so, from the earliest incidence to the four tidal waves in the 20th century, and to the three latest episodes in the 21st century. Using basic concepts in modern finance such as indexation and dollarization, this book explains why hyperinflation in some countries could explode into astronomical levels, while rhythms of hyperinflation in the 20th century world are in resonance of megatrends in world economy and politics. Finally, this book underscores the importance of policy making, institutional building and international relations in the process of hyperinflation and stabilization. Scholars and students studying money and finance, economic history, international finance and economics will be attracted by this book.
- Published
- 2018
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