Charles Kindleberger, an international economic specialist, seeks in this book to show how economic history and economic analysis can interact, giving particular attention to the question of how history can be used in a comparative setting to test economic models for generality. His history and examples span the seventeenth to the twentieth century. The important and unexpected result is to show how the applicable economic model in given instances is strongly conditioned by social, socio-psychological, and political settings in which a given stimulus elicits a particular response. As a by-product, Kindleberger throws light on the political economy of Western European states, especially in international economic dimensions, but also in technological change, scientific education, and economic growth.

In these spirited and lucid essays, Kindleberger discusses related and abiding economic questions: whether the creation of a world financial center is inevitable; what the possible bases for free trade are; how insights can be gained into present day multinational corporations; and how information networks can maximize benefits in trade, and can affect the quality of output, costs, and economies of scale.

Part of the author's interest is methodological. He believes that the comparative method—studying the same rather restricted problem in comparable economies in a fixed regional and temporal setting—yields richer insights than those available from the history of the single economy. While his own studies are limited to merchants, tariffs, free trade, capital markets, and ports, a methodological introductory chapter discusses a wider range of applications.

“A landmark book…[a] bold reframing of the history of the British Empire.”
—Caroline Elkins, Foreign Affairs

An award-winning historian places the corporation—more than the Crown—at the heart of British colonialism, arguing that companies built and governed global empire, raising questions about public and private power that were just as troubling four hundred years ago as they are today.

Across four centuries, from Ireland to India, the Americas to Africa and Australia, British colonialism was above all the business of corporations. Corporations conceived, promoted, financed, and governed overseas expansion, making claims over territory and peoples while ensuring that British and colonial society were invested, quite literally, in their ventures. Colonial companies were also relentlessly controversial, frequently in debt, and prone to failure. The corporation was well-suited to overseas expansion not because it was an inevitable juggernaut but because, like empire itself, it was an elusive contradiction: public and private; person and society; subordinate and autonomous; centralized and diffuse; immortal and precarious; national and cosmopolitan—a legal fiction with very real power.

Breaking from traditional histories in which corporations take a supporting role by doing the dirty work of sovereign states in exchange for commercial monopolies, Philip Stern argues that corporations took the lead in global expansion and administration. Whether in sixteenth-century Ireland and North America or the Falklands in the early 1980s, corporations were key players. And, as Empire, Incorporated makes clear, venture colonialism did not cease with the end of empire. Its legacies continue to raise questions about corporate power that are just as relevant today as they were 400 years ago.

Challenging conventional wisdom about where power is held on a global scale, Stern complicates the supposedly firm distinction between private enterprise and the state, offering a new history of the British Empire, as well as a new history of the corporation.

Between 1350 and 1750—a time of empires, exploration, and exposure to radically different lands and cultures—the world reached a tipping point of global connectedness. In this volume of the acclaimed series A History of the World, noted international scholars examine five critical geographical areas during this pivotal period: Eurasia between Russia and Japan; the Muslim world of the Ottoman and Persian empires; Mughal India and the Indian Ocean trading world; maritime Southeast Asia and Oceania; and a newly configured transatlantic rim. While people in many places remained unaware of anything beyond their own village, an intense period of empire building led to expanding political, economic, and cultural interaction on every continent—early signals of a shrinking globe.

By the early fourteenth century Eurasia’s Mongol empires were disintegrating. Concurrently, followers of both Islam and Christianity increased exponentially, with Islam exerting a powerful cultural influence in the spreading Ottoman and Safavid empires. India came under Mughal rule, experiencing a significant growth in trade along the Indian Ocean and East African coastlines. In Southeast Asia, Muslims engaged in expansion on the Malay Peninsula, Sumatra, Java, and the Philippines. And both sides of the Atlantic responded to the pressure of European commerce, which sowed the seeds of a world economy based on the resources of the Americas but made possible by the subjugation of Native Americans and the enslavement of Africans.

Empires on the Waterfront offers a new spatial framework for understanding Japan’s extended transition into the modern world of nation-states. This study examines a largely unacknowledged system of “special trading ports” that operated under full Japanese jurisdiction in the shadow of the better-known treaty ports. By allowing Japan to circumvent conditions imposed on treaty ports, the special trading ports were key to achieving autonomy and regional power.

Catherine L. Phipps uses an overtly geographic approach to demonstrate that the establishment of Japan’s maritime networks depended on initiatives made and carried out on multiple geographical scales—global, national, and local. The story of the special trading ports unfolds in these three dimensions. Through an in-depth assessment of the port of Moji in northern Kyushu, Empires on the Waterfront recasts the rise of Japan’s own empire as a process deeply embedded in the complicated system of maritime relations in East Asia during the pivotal second half of the nineteenth century.