Economic Evolution and Revolution in Historical Time.
Title:
Economic Evolution and Revolution in Historical Time.
Author:
Rhode, Paul.
ISBN:
9780804777629
Personal Author:
Physical Description:
1 online resource (484 pages)
Contents:
Contents -- Contributors -- Editors' Introduction -- 1. The Stanford Tradition in Economic History -- Part One. Evolutionary Processes in Economics -- 2. Natural Resources and Economic Outcomes -- 3. The Institutionalization of Science in Europe, 1650- 1850 -- 4. The Fundamental Impact of the Slave Trade on African Economies -- 5. Similar Societies, Different Solutions: U.S. Indian Policy in Light of Australian Policy toward Aboriginal Peoples -- Part Two. Spatial Processes and Comparative Development -- 6. Financial Market and Industry Structure: A Comparison of the Banking and Textile Industries in Boston and Philadelphia in the Early Nineteenth Century -- 7. Railroads and the Rise of the Factory: Evidence for the United States, 1850- 1870 -- 8. Productivity Growth and the Regional Dynamics of Antebellum Southern Development -- 9. Banking on the Periphery: The Cotton South, Systemic Seasonality, and the Limits of National Banking Reform -- 10. Rural Credit and Mobility in India -- Part Three. Revolution in Labor Markets -- 11. Labor-Market Regimes in U.S. Economic History -- 12. The Political Economy of Progress: Lessons from the Causes and Consequences of the New Deal -- 13. Teachers and Tipping Points: Historical Origins of the Teacher Quality Crisis -- 14. Inequality and Institutions in Twentieth-Century America -- 15. The Unexpected Long-Run Impact of the Minimum Wage: An Educational Cascade -- 16. America's First Culinary Revolution, or How a Girl from Gopher Prairie Came to Dine on Eggs Fooyung -- Appendix: Selected Publications of Gavin Wright -- Index.
Abstract:
This book challenges the static, ahistorical models on which Economics continues to rely. These models presume that markets operate on a "frictionless" plane where abstract forces play out independent of their institutional and spatial contexts, and of the influences of the past. In reality, at any point in time exogenous factors are themselves outcomes of complex historical processes. They are shaped by institutional and spatial contexts, which are "carriers of history," including past economic dynamics and market outcomes. To examine the connections between gradual, evolutionary change and more dramatic, revolutionary shifts the text takes on a wide array of historically salient economic questions-ranging from how formative, European encounters reconfigured the political economies of indigenous populations in Africa, the Americas, and Australia to how the rise and fall of the New Deal order reconfigured labor market institutions and outcomes in the twentieth century United States. These explorations are joined by a common focus on formative institutions, spatial structures, and market processes. Through historically informed economic analyses, contributors recognize the myriad interdependencies among these three frames, as well as their distinct logics and temporal rhythms.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Electronic Access:
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