Explores the structural and political relations of the Atlantic trade in the 18th century

This collection of essays by Alexander Gerschenkron, who has been called “the doyen of economic history in the United States,” is a companion volume to the author’s highly acclaimed Economic Backwardness in Historical Perspective. The essays range over a wide variety of subjects, but the major theme, as in Gerschenkron’s previous book, is the conditions of industrial development, particularly in regard to nineteenth-century Europe. The book is divided into three parts. In Part I, Methodology, the essays are: “On the Concept of Continuity in History,” “Some Methodological Problems in Economic History,” and “Reflections on Ideology as a Methodological and Historical Problem.” Part II, Problems in Economic History, deals with “The Typology of Industrial Development as a Tool of Analysis,” “The Industrial Development of Italy: A Debate with Rosario Romeo,” “The Modernization of Entrepreneurship,” “Russia: Agrarian Policies and Industrialization, 1861–1914,” and “City Economies Then and Now.” In Part III, The Political Framework, the essays are: “Reflections on the Economic Aspects of Revolution,” “The Changeability of a Dictatorship,” and “The Stability of Dictatorships.” A series of appendices presents reviews and review articles by Gerschenkron.

With a new introduction by the author, this is an enduring analysis of British politics, stressing the lessons to be learnt from history. By the winner of the 1993 Wolfson History Prize awarded as 'tribute to a lifetime's contribution to the study of history.'

"Even the most superficial readers of the popular Press know today that Communism means the public ownership of the means of production. Fascism, on the other hand, Is still regarded principally as a political movement; The economic implications of the term are generally ignored. the meaning of the term ''corporate state' is unkown even to people whose general intelligence and special knowledge of foreign affairs and of economics is well above the average." -Paul Einzig

Bearing on fundamental issues of economic theory, history, and public policy, this volume elaborates and goes beyond themes enunciated in W. W. Rostow's previous works. The eight essays presented here are unified by the author's insistence that neo-Keynesian and neoclassical theory are an inadequate basis for economic analysis and policy prescription. Changes in technology and in the supply of energy, food, and raw materials, he contends, must be taken into account. The scale and character of the investments required to respond to these changes link his analysis back to conventional income analysis. Rostow outlines in several contexts the framework for a general, disaggregated theory of production and prices that meets this criterion. The theoretical and historical essays include a review and unification of various long-cycle theories; a formal mathematical model of the Kondratieff cycle; a review of theories relating technology and the price system, including Rostow's own formulation of the appropriate linkage; a lengthy analysis of the pre-1914 relation between money and prices, including a detailed critique of modern monetarist interpretations; and an analysis of the proposition that economic growth assumes an S-shaped path of acceleration and deceleration. The policy essays include an examination of the links between energy-related investment, full employment, and patterns of regional development in the United States; the discussion of an appropriate framework and procedure for North-South international economic negotiations; and the text of a 1965 talk on inflation that touches on the relations among economics, economists, and the performance of societies as a whole.

This book sets forth both a theory and a comparative empirical analysis of stagflation, that peculiar combination of high unemployment, slow growth, and spurts of high inflation bedeviling the advanced industrial nations during the past fifteen years. The authors first construct a small macroeconomic model that takes full account of aggregate demand and supply forces in the determination of output, employment, and the price level, in both a single-economy and a multi-economy setting. They then apply the model to provide an understanding of comparative performance of industrial countries in the areas of unemployment, inflation, productivity, and investment growth. They argue convincingly that the decay of the major economies during this period resulted from the supply shocks of the 1970s, such as the two major OPEC oil-price increases, and from the consequent policy-induced decrease in demand in response to inflationary pressures. Their analysis differs markedly from similar studies in that it takes specific account of institutional differences in the labor markets of the various economies. This helps to explain in particular the divergent adjustment profiles of the United States and Europe. Bruno and Sachs make several key recommendations for the mix of demand management and incomes policies necessary to combat stagflation in individual countries as well as for the coordination of macroeconomic policies among the major industrial nations.

LARGE PRINT EDITION! More at LargePrintLiberty.com Here is the last masterpiece by Murray N. Rothbard (1926-1995), the result of a lifetime of research and his crowning achievement.This volume is the first comprehensive treatment of classical economics from a modern Austrian perspective, an important history of nineteenth-century economic thought that discusses the key members of each school and reassesses their work.Professor Rothbard's approach offers new perspectives on both Ricardo and Say and their followers. He suggests that Ricardianism declined after 1820 and was only revived with the work of John Stuart Mill. The book also resurrects the important Anglo-Irish school of thought at Trinity College, Dublin under Archbishop Richard Whatley. Later chapters focus on the roots of Karl Marx and the nature of his doctrines, and laissez-faire thought in France including the work of Frederic Bastiat.Also included is a comprehensive treatment of the bullionist versus the anti-bullionist and the currency versus banking school controversies in the first half of the nineteenth century, and their influence outside Great Britain.

In addition to producing much other literature, Marxist economist Perlo (1912-99) wrote more than 3,000 People vs. Profits columns over 39 years for the Communist Party paper People's Weekly World . Survivors and colleagues reprint a selection based on their portrayal of conditions at the time. Presumably a second volume will consider foreign matters. Annotation (c) Book News, Inc., Portland, OR (booknews.com)

LARGE PRINT EDITION! More at LargePrintLiberty.com Here is the last masterpiece by Murray N. Rothbard (1926-1995), the result of a lifetime of research and his crowning achievement.This volume is the most extensive treatment from a modern Austrian perspective of the history of economic thought up to Adam Smith and, as such, takes into account the profound influences of religious, social, and political thought upon economics.Murray Rothbard traces economic ideas from ancient sources and shows that laissez-faire liberalism and economic thought itself began with the scholastics and early Roman and canon law. The scholastics, he argues, established and developed the subjective utility and scarcity theory of value, as well as the theory that prices, or the value of money, depend on its supply and demand.The Continental, or "pre-Austrian" tradition, was destroyed, rather than developed, by Adam Smith whose strong Calvinist tendencies toward glorifying labor, toil, and thrift is contrasted with emphasis in scholastic economic thought towards labor in the service of consumption.Tracing economic thought from the Greeks to the Scottish enlightenment, this book is notable for its inclusion of all of the important figures in each school of thought with their theories assessed in historical context.

In this unconventionial and sharply written text, Hollander introduces the work of Smith, Ricardo, and Mill, and, on specific Malthus and Marx. He leads the student through the nuances of the arguments, making clear how he agrees with or challenges recieved ideas about their writings. Attention is given to the precursors of the classics, to their immediate successors, and to the Sraffian system.

Michael Polanyi's The Contempt of Freedom quite plausibly helped to steel Friedrich Hayek to write The Road to Serfdom. In a 1941 review of Polanyi's book, Hayek wrote: The four essays [of the present book] were...written during the five years between 1935 and I940 when the ideas of liberty "were left almost uncultivated" and "the progressive minds were so fascinated by the prospects of the revolution in Russia that they had little interest left for the fate of the traditional liberties." [Polanyi's] analysis...in the essay on the "Rights and Duties of Science " is perhaps the most illuminating discussion yet attempted of the psychological propensities which so frequently turn the man of science into an ardent advocate of central planning, and of the inconsistencies which this attitude involves. While Professor Polanyi has no doubt that "the major force behind this attitude is the passionate desire to put science into the consciously organised service of human welfare", he is convinced that a consistent policy of "organising" all scientific research..."would actually stop the development of science altogether". Discover here an early work of the man who coined the term "spontaneous order" and wrote Science, Faith and Society (1946), The Logic of Liberty (1951), Personal Knowledge (1958), The Study of Man (1959), and The Tacit Dimension (1959).

A collection of fourteen essays in which Professor Postan draws together for the first time his contributions to the debate on historical method, and discusses from a variety of different angles, the inter-relation of history and the social sciences. After making, in his first three essays, a direct statement of his point of view, the author deals with two main aspects of the subject: time sequences and theoretical relevance of facts. He then proceeds to exemplify his point of view more particularly with relation to macro-economics and to certain specific issues within economic history as well as to economic history in general. In the final two chapters, one is on Karl Marx, the other on Hugh Gaitskell, he seeks to describe the intellectual climate in which the debate on methodology was held and in which his opinions on the subject were formed. The essays contained in this book will be of interest to all those involved in the social sciences, economics and history, as well as to those specifically concerned with historical methodology.

The panic of 1819 was America's first great economic crisis. And this is Murray Rothbard's masterful account, the first full scholarly book on the topic and still the most definitive. It was his dissertation, published in 1962 but nearly impossible to get until this new edition.The American Economic Review was wild for this book when it appeared: "Rothbard's work represents the only published, book-length, academic treatise on the remedies that were proposed, debated, and enacted in attempts to cope with the crisis of 1819," the reviewer wrote. "As such, the book should certainly find a place on the shelf of the study of U.S. business cycles and of the economic historian who is interested in the early economic development of the United States."And specialists have treasured the book for years. It is incredible to realize that some American historians think of M.N. Rothbard as the author of this book and nothing else!The panic of 1819 grew largely out of the changes wrought by the War of 1812, and by the postwar boom that followed. The war also brought a rash of paper money, as the government borrowed heavily to finance the conflict. This would inevitably lead to suspension of specie payments in some parts of the country in 1814.Freed from the shackles of hard money, the suspension of specie led to a boom. When peace came, the so did the bust.But in the end, there was no widespread confusion on what caused the downturn. Instead, it was widely known that false prosperity is a very dangerous thing. It always turns to bust. But unlike today, the government didn't intervene. And precisely because there was no intervention, the panic ended quickly and peacefully.What we have here, then, is not only a dazzling historical account — the research here is deep and thorough, and the prose a model of exposition; it also points the way to how all economic downturns can and should be handled. For that reason, the Panic of 1819 offers important lessons for us today.To search for Mises Institute titles, enter a keyword and LvMI (short for Ludwig von Mises Institute); e.g., Depression LvMI

The description for this book, Army, Industry, and Labor in Germany, 1914-1918, will be forthcoming.

Only by understanding Central and Eastern Europe's turbulent history during the first half of the twentieth century can we hope to make sense of the conflicts and crises that have followed World War II and, after that, the collapse of Soviet-controlled state socialism. Ivan Berend looks closely at the fateful decades preceding World War II and at twelve countries whose absence from the roster of major players was enough in itself, he says, to precipitate much of the turmoil. As waves of modernization swept over Europe, the less developed countries on the periphery tried with little or no success to imitate Western capitalism and liberalism. Instead they remained, as Berend shows, rural, agrarian societies notable for the tenacious survival of feudal and aristocratic institutions. In that context of frustration and disappointment, rebellion was inevitable. Berend leads the reader skillfully through the maze of social, cultural, economic, and political changes in Hungary, Czechoslovakia, Yugoslavia, Poland, Romania, Bulgaria, Albania, Austria, Latvia, Lithuania, Estonia, and the Soviet Union, showing how every path ended in dictatorship and despotism by the start of World War II.

This classic book is an ideal introduction to economic thought and the dominance of capitalism, ideal for students of economic theory and history. Now thoroughly revised and updated, this new edition includes a new preface and an additional chapter by the author. Analysing the relationship between economic thought and capitalism from 1750 to the present, Douglas Dowd examines the dynamic interaction of two processes: the historical realities of capitalism and the evolution of economic theory. He demonstrates that the study of economics celebrates capitalism in ways that make it necessary to classify economic science as pure ideology. A thoroughly modern history, this book shows how economics has become ideology. A radical critic of capitalism, Dowd surveys its detrimental impact across the globe and throughout history. The book includes biographical sketches and brief analyses of the major proponents and critics of capitalism throughout history, including Adam Smith, Thomas Malthus, Jeremy Bentham, John Stuart Mill, Karl Marx, Thorstein Veblen, Rosa Luxemburg, John Maynard Keynes, Paul Samuelson, Milton Friedman, and Eric Hobsbawm.

This is the third book of essays on the United States and the world economy produced by the fruitful collaboration of Monthly Review editors Paul M. Sweezy and Harry Magdoff. In these essays, written between 1977 and 1981, the authors assess the results of efforts taken to stabilize the economy after the epochal changes of the early 1970s, the end of capitalism's "golden age," by attempts to counteract the effects of inflation, debt dependence, speculation, and financial instability.

Claims unconscious desire plays a constitutive role in global political economy. This is the first book to examine global political economy from a psychoanalytic perspective. It claims that the libidinal-the site of unconscious desire-plays not a supplementary or trivial, but a constitutive role in global political economy. Consumption, for example, is not simply a way of satisfying a material or biological need but a doomed attempt at soothing our deeply held sense of loss; and capital is not just a means to material growth and prosperity but is invested with "drive" that seduces, beguiles, and manipulates in the service of unending accumulation. Thus, in contrast to political economy, which assumes a rational subject, libidinal economy is founded on the notion of a desiring subject, who obeys a logic not of good sense or self-interest but profligacy and irrationality. By applying a psychoanalytic lens, Global Libidinal Economy thereby seeks to uncover the unconscious excesses and antagonisms emergent in such key political economy categories as "production," "trade," and "ecology," while also bringing out significant contemporary themes relating to "gender" and "race."