374 books match the query 'Economic History' and 18 start with b

cover of Balance of Power: Central Banks and the Fate of Democracies

Balance of Power

Central Banks and the Fate of Democracies

Éric Monnet

University of Chicago Press, 2024

Central banks now stand between societies and collapse, but are they still democratic?

Two decades of financial crises have dramatically expanded central banks’ powers. In 2008, and then again in 2020, unelected banking officials found themselves suddenly responsible for the public welfare—not just because it was necessary but based on an idea that their independence from political systems would insulate them from the whims of populism. Now, as international crises continue and the scope of monetary interventions grows in response, these bankers have become increasingly powerful.

In Balance of Power, economist and historian Éric Monnet charts the rise of central banks as the nominally independent—but unavoidably political—superpowers of modern societies. This trajectory, Monnet argues, is neither inevitable nor unstoppable. By embracing the political natures of today’s central banks, we can construct systems of accountability for how they interact with states and societies. Monnet shows that this effort will do more than guard against unjust power; it will put the banks to work for greater, more democratic ends.

With existential challenges looming and the work of the Federal Reserve and European Central Bank more important than ever, Balance of Power offers a trenchant case for what this century’s central banks can—and must—become.
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cover of Balancing the Economic Controls: A Review of the Economic Studies of the Employment Stabilization Research Institute, University of Minnesota

Balancing the Economic Controls

A Review of the Economic Studies of the Employment Stabilization Research Institute, University of Minnesota

Russell Stevenson

University of Minnesota Press, 1935

Balancing the Economic Controls was first published in 1935. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions.This very readable little book summarizes the economic aspects of the five-year program of research recently concluded by the Employment Stabilization Research Institute. The recommendations made, which are specific and practical, are based on the findings assembled in the course of scores of intensive studies.The authors discuss the competitive position of Minnesota and the Northwest, the prospects for new industries, what they believe to be the probable future development of the region, where government control of business might be applied beneficially, and what other methods would help remedy present difficulties. The program they outline might be undertaken, they believe, without serious disruption of American economic institutions and with good prospect of bringing about a larger measure of economic stability than has been achieved thus far.
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cover of Bangkok Transformed: An Economic History, 1820–1950

Bangkok Transformed

An Economic History, 1820–1950

Porphant Ouyyanont

National University of Singapore Press, 2026

A history of the economic evolution of the city of Bangkok.

For much of its early history, Bangkok was little more than a riverside settlement, yet by the mid-twentieth century, it had become the commercial and political heart of Thailand. Bangkok Transformed deciphers this progress, outlining how the city’s economy and urban landscape were shaped by global trade and royal intervention. As the rice trade boomed, Chinese immigrants poured in, forming the backbone of Bangkok’s labor force and entrepreneurial class. Meanwhile, the Siamese monarchy, particularly under King Chulalongkorn, wielded economic power through state-run enterprises and control over key industries. These forces propelled Bangkok into modernity but also left behind a centralized governance structure that continues to influence the city today.

Written by Thailand’s foremost economic historian, Porphant Ouyyanont, and completed posthumously by historian Chris Baker, this meticulously researched study offers an innovative economic and social history of Bangkok. Spanning from the early nineteenth century to 1950, it displays how the foundations of contemporary Bangkok were laid in its first great transformation.
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cover of Bankers and Empire: How Wall Street Colonized the Caribbean

Bankers and Empire

How Wall Street Colonized the Caribbean

Peter James Hudson

University of Chicago Press, 2017

From the end of the nineteenth century until the onset of the Great Depression, Wall Street embarked on a stunning, unprecedented, and often bloody period of international expansion in the Caribbean. A host of financial entities sought to control banking, trade, and finance in the region. In the process, they not only trampled local sovereignty, grappled with domestic banking regulation, and backed US imperialism—but they also set the model for bad behavior by banks, visible still today. In Bankers and Empire, Peter James Hudson tells the provocative story of this period, taking a close look at both the institutions and individuals who defined this era of American capitalism in the West Indies. Whether in Wall Street minstrel shows or in dubious practices across the Caribbean, the behavior of the banks was deeply conditioned by bankers’ racial views and prejudices. Drawing deeply on a broad range of sources, Hudson reveals that the banks’ experimental practices and projects in the Caribbean often led to embarrassing failure, and, eventually, literal erasure from the archives.
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cover of Banking on Slavery: Financing Southern Expansion in the Antebellum United States

Banking on Slavery

Financing Southern Expansion in the Antebellum United States

Sharon Ann Murphy

University of Chicago Press, 2023

A sobering excavation of how deeply nineteenth-century American banks were entwined with the institution of slavery.

It’s now widely understood that the fullest expression of nineteenth-century American capitalism was found in the structures of chattel slavery. It’s also understood that almost every other institution and aspect of life then was at least entangled with—and often profited from—slavery’s perpetuation. Yet as Sharon Ann Murphy shows in her powerful and unprecedented book, the centrality of enslaved labor to banking in the antebellum United States is far greater than previously thought.
 
Banking on Slavery sheds light on precisely how the financial relationships between banks and slaveholders worked across the nineteenth-century South. Murphy argues that the rapid spread of slavery in the South during the 1820s and ’30s depended significantly upon southern banks’ willingness to financialize enslaved lives, with the use of enslaved individuals as loan collateral proving central to these financial relationships. She makes clear how southern banks were ready—and, in some cases, even eager—to alter time-honored banking practices to meet the needs of slaveholders.  In the end, many of these banks sacrificed themselves in their efforts to stabilize the slave economy. Murphy also details how banks and slaveholders transformed enslaved lives from physical bodies into abstract capital assets. Her book provides an essential examination of how our nation’s financial history is more intimately intertwined with the dehumanizing institution of slavery than scholars have previously thought.

 
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cover of Banking on Slavery: Financing Southern Expansion in the Antebellum United States

Banking on Slavery

Financing Southern Expansion in the Antebellum United States

Sharon Ann Murphy

University of Chicago Press, 2023

This is an auto-narrated audiobook version of this book.

A sobering excavation of how deeply nineteenth-century American banks were entwined with the institution of slavery.


It’s now widely understood that the fullest expression of nineteenth-century American capitalism was found in the structures of chattel slavery. It’s also understood that almost every other institution and aspect of life then was at least entangled with—and often profited from—slavery’s perpetuation. Yet as Sharon Ann Murphy shows in her powerful and unprecedented book, the centrality of enslaved labor to banking in the antebellum United States is far greater than previously thought.
 
Banking on Slavery sheds light on precisely how the financial relationships between banks and slaveholders worked across the nineteenth-century South. Murphy argues that the rapid spread of slavery in the South during the 1820s and ’30s depended significantly upon southern banks’ willingness to financialize enslaved lives, with the use of enslaved individuals as loan collateral proving central to these financial relationships. She makes clear how southern banks were ready—and, in some cases, even eager—to alter time-honored banking practices to meet the needs of slaveholders.  In the end, many of these banks sacrificed themselves in their efforts to stabilize the slave economy. Murphy also details how banks and slaveholders transformed enslaved lives from physical bodies into abstract capital assets. Her book provides an essential examination of how our nation’s financial history is more intimately intertwined with the dehumanizing institution of slavery than scholars have previously thought.

 
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cover of Bengal in Global Concept History: Culturalism in the Age of Capital

Bengal in Global Concept History

Culturalism in the Age of Capital

Andrew Sartori

University of Chicago Press, 2008

Today people all over the globe invoke the concept of culture to make sense of their world, their social interactions, and themselves. But how did the culture concept become so ubiquitous? In this ambitious study, Andrew Sartori closely examines the history of political and intellectual life in nineteenth- and twentieth-century Bengal to show how the concept can take on a life of its own in different contexts.
            Sartori weaves the narrative of Bengal’s embrace of culturalism into a worldwide history of the concept, from its origins in eighteenth-century Germany, through its adoption in England in the early 1800s, to its appearance in distinct local guises across the non-Western world. The impetus for the concept’s dissemination was capitalism, Sartori argues, as its spread across the globe initiated the need to celebrate the local and the communal. Therefore, Sartori concludes, the use of the culture concept in non-Western sites was driven not by slavish imitation of colonizing powers, but by the same problems that repeatedly followed the advance of modern capitalism. This remarkable interdisciplinary study will be of significant interest to historians and anthropologists, as well as scholars of South Asia and colonialism.
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cover of Bettering Humanomics: A New, and Old, Approach to Economic Science

Bettering Humanomics

A New, and Old, Approach to Economic Science

Deirdre Nansen McCloskey

University of Chicago Press, 2021

Deirdre Nansen McCloskey's latest meticulous work examines how economics can become a more "human" science.

Economic historian Deirdre Nansen McCloskey has distinguished herself through her writing on the Great Enrichment and the betterment of the poor—not just materially but spiritually. In Bettering Humanomics she continues her intellectually playful yet rigorous analysis with a focus on humans rather than the institutions. Going against the grain of contemporary neo-institutional and behavioral economics which privilege observation over understanding, she asserts her vision of “humanomics,” which draws on the work of Bart Wilson, Vernon Smith, and most prominently, Adam Smith. She argues for an economics that uses a comprehensive understanding of human action beyond behaviorism.
 
McCloskey clearly articulates her points of contention with believers in “imperfections,” from Samuelson to Stiglitz, claiming that they have neglected scientific analysis in their haste to diagnose the ills of the system. In an engaging and erudite manner, she reaffirms the global successes of market-tested betterment and calls for empirical investigation that advances from material incentives to an awareness of the human within historical and ethical frameworks. Bettering Humanomics offers a critique of contemporary economics and a proposal for an economics as a better human science.
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cover of Betting on Ideas: Wars, Invention, Inflation

Betting on Ideas

Wars, Invention, Inflation

Reuven Brenner

University of Chicago Press, 1986

In this book, Reuven Brenner argues that people bet on new ideas and are more willing to take risks when they have been outdone by their fellows on local, national, or international scales. Such bets mean that people deviate from the beaten path and either gamble, commit crimes, or come up with new ideas in art, business, or politics, and ideas concerning war and peace in particular. By using evidence on gambling, crime, and creativity now and during the Industrial Revolution, by examining innovations in English and French inheritance laws and the emergence of welfare legislation, and by looking at what has happened before and after wars, Brenner reaches the conclusion that hope and fear, envy and vanity, sentiments provoked when being leapfrogged, make humans race.
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cover of Beyond Positivism, Behaviorism, and Neoinstitutionalism in Economics

Beyond Positivism, Behaviorism, and Neoinstitutionalism in Economics

Deirdre Nansen McCloskey

University of Chicago Press, 2022

A penetrating analysis from one of the defining voices of contemporary economics.

In Beyond Positivism, Behaviorism, and Neoinstitutionalism in Economics, Deirdre Nansen McCloskey zeroes in on the authoritarian cast of recent economics, arguing for a re-focusing on the liberated human. The behaviorist positivism fashionable in the field since the 1930s treats people from the outside. It yielded in Williamson and North a manipulative neo-institutionalism. McCloskey argues that institutions as causes are mainly temporary and intermediate, not ultimate. They are human-made, depending on words, myth, ethics, ideology, history, identity, professionalism, gossip, movies, what your mother taught you.  Humans create conversations as they go, in the economy as in the rest of life.

In engaging and erudite prose, McCloskey exhibits in detail the scientific failures of neo-institutionalism. She proposes a “humanomics,” an economics with the humans left in.  Humanomics keeps theory, quantification, experiment, mathematics, econometrics, though insisting on more true rigor than is usual. It adds what can be learned about the economy from history, philosophy, literature, and all the sciences of humans. McCloskey reaffirms the durability of “market-tested innovation” against the imagined imperfections to be corrected by a perfect government. With her trademark zeal and incisive wit, she rebuilds the foundations of economics.
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cover of Bleakonomics: A Heartwarming Introduction to Financial Catastrophe, the Jobs Crisis and Environmental Destruction

Bleakonomics

A Heartwarming Introduction to Financial Catastrophe, the Jobs Crisis and Environmental Destruction

Rob Larson

Pluto Press, 2012

Bleakonomics is a short and darkly humorous guide to the three great crises plaguing today's world: environmental degradation, social conflict in the age of austerity and financial instability.

Written for anyone who is wondering how we’ve come to this point, Rob Larson holds mainstream economic theory up against the grim reality of a planet in meltdown. He looks at scientists’ conclusions about climate change, the business world’s opinions about its own power, and reveals the fingerprints of finance on American elections.

With a unique and engaging approach to each crucial subject, students, academics and activists will find a lot to appreciate in this quiet call-to-arms for a saner and more stable world.
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cover of Bourgeois Dignity: Why Economics Can't Explain the Modern World

Bourgeois Dignity

Why Economics Can't Explain the Modern World

Deirdre Nansen McCloskey

University of Chicago Press, 2010

The big economic story of our times is not the Great Recession. It is how China and India began to embrace neoliberal ideas of economics and attributed a sense of dignity and liberty to the bourgeoisie they had denied for so long. The result was an explosion in economic growth and proof that economic change depends less on foreign trade, investment, or material causes, and a whole lot more on ideas and what people believe.

Or so says Deirdre N. McCloskey in Bourgeois Dignity, a fiercely contrarian history that wages a similar argument about economics in the West. Here she turns her attention to seventeenth- and eighteenth-century Europe to reconsider the birth of the industrial revolution and the rise of capitalism. According to McCloskey, our modern world was not the product of new markets and innovations, but rather the result of shifting opinions about them. During this time, talk of private property, commerce, and even the bourgeoisie itself radically altered, becoming far more approving and flying in the face of prejudices several millennia old. The wealth of nations, then, didn’t grow so dramatically because of economic factors: it grew because rhetoric about markets and free enterprise finally became enthusiastic and encouraging of their inherent dignity.

An utterly fascinating sequel to her critically acclaimed book The Bourgeois Virtues, Bourgeois Dignity is a feast of intellectual riches from one of our most spirited and ambitious historians—a work that will forever change our understanding of how the power of persuasion shapes our economic lives.

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cover of Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World

Bourgeois Equality

How Ideas, Not Capital or Institutions, Enriched the World

Deirdre Nansen McCloskey

University of Chicago Press, 2016

 There’s little doubt that most humans today are better off than their forebears. Stunningly so, the economist and historian Deirdre McCloskey argues in the concluding volume of her trilogy celebrating the oft-derided virtues of the bourgeoisie. The poorest of humanity, McCloskey shows, will soon be joining the comparative riches of Japan and Sweden and Botswana.
 
Why? Most economists—from Adam Smith and Karl Marx to Thomas Piketty—say the Great Enrichment since 1800 came from accumulated capital. McCloskey disagrees, fiercely. “Our riches,” she argues, “were made not by piling brick on brick, bank balance on bank balance, but by piling idea on idea.” Capital was necessary, but so was the presence of oxygen. It was ideas, not matter, that drove “trade-tested betterment.”  Nor were institutions the drivers. The World Bank orthodoxy of “add institutions and stir” doesn’t work, and didn’t. McCloskey builds a powerful case for the initiating role of ideas—ideas for electric motors and free elections, of course, but more deeply the bizarre and liberal ideas of equal liberty and dignity for ordinary folk. Liberalism arose from theological and political revolutions in northwest Europe, yielding a unique respect for betterment and its practitioners, and upending ancient hierarchies. Commoners were encouraged to have a go, and the bourgeoisie took up the Bourgeois Deal, and we were all enriched.
 
Few economists or historians write like McCloskey—her ability to invest the facts of economic history with the urgency of a novel, or of a leading case at law, is unmatched. She summarizes modern economics and modern economic history with verve and lucidity, yet sees through to the really big scientific conclusion. Not matter, but ideas. Big books don’t come any more ambitious, or captivating, than Bourgeois Equality.
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cover of Britain and the Greek Economic Crisis, 1944-1947: From Liberation to the Truman Doctrine

Britain and the Greek Economic Crisis, 1944-1947

From Liberation to the Truman Doctrine

Athanasios Lykogiannis

University of Missouri Press, 2002

Britainand the Greek Economic Crisis, 1944–1947 concentrates on Anglo-Greek interactions in economic matters during the political and economic turmoil between the Axis occupation of Greece and the Greek civil war. By analyzing the Greek crisis primarily in economic terms, Athanasios Lykogiannis avoids the political partisanship that has colored much previous writing on the subject and throws light on many issues neglected by earlier authors. Drawing on a range of untapped British, American, and Greek archival sources, as well as extensive secondary sources, the author examines the interplay of political and economic factors, such as the ingrained polarization of Greek society and the weakness and timidity of the country’s governments, that aggravated and prolonged the crisis.
Lykogiannis critically examines Greece’s policies, and the actors behind them, and assesses the British involvement in the episode: the quality of the measures recommended to the Greeks, the constraints facing British advisers in the country, and the reasons for the ultimate failure of British intervention. He also compares the two periods of western tutelage of Greece: the British and the American, from the announcement of the Truman Doctrine to the inauguration of the European Recovery Program.
Britain and the Greek Economic Crisis, 1944–1947 argues that even if the Germans were to blame for the conditions that led to hyperinflation, the mediocre results of successive attempts to stabilize the economy were caused by internal factors such as the fiscal ineptitude of the postwar Greek governments and their ignorance of, and hostility toward, any form of economic management. Whereas many have blamed foreign intervention for prolonging the crisis, Lykogiannis makes clear that the decisions of successive Greek governments were far more significant. His book demonstrates how firmly the crisis of post-liberation Greece was rooted in the country’s political, economic, and social past.
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cover of British-Owned Railways in Argentina: Their Effect on the Growth of Economic Nationalism, 1854-1948

British-Owned Railways in Argentina

Their Effect on the Growth of Economic Nationalism, 1854-1948

By Winthrop R. Wright

University of Texas Press, 1974

During the nineteenth century, British-owned railways grew under the protection of an Argentine ruling elite that considered railways both instruments and symbols of progress. Under this program of support for foreign enterprise, Argentina had by 1914 built the largest railway network in Latin America.

During the first decades of the twentieth century, the railways were successful in following a policy of calculated disregard for Argentine interests in general. However, following the end of World War I, the British economic empire began to decline and Argentine economic nationalism grew. A number of popularistic political movements incorporated economic nationalism into their platforms, and even among the ruling elite there were signs of increasing nationalistic sentiment.

Although most studies of economic nationalism have emphasized the importance of the middle-class Radical party in the rise of xenophobia, Winthrop R. Wright's study shows that antiforeign economic nationalism was not entirely a reaction to the conservative elite. Between 1932 and 1938 the nationalistic programs of General Agustin Justo's government—basically a conservative regime—led the British interests to decide to sell their holdings. The British govemment had arrived at a position of supporting the economic withdrawal of the large British-owned firms long before Juan D. Perón appeared on the political scene.

Perón combined traditional Argentine economic nationalism with his own scheme to gain power over all elements in Argentina. His solution to the railway problem, although more dramatically executed, did not differ greatly from that of the conservative Justo. Perón purchased the railways outright in 1947–1948, but his use of nationalism was in reality covering his own inability to outbargain Britain and the United States following the conclusion of World War II.

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cover of Bureaucrats, Planters, and Workers: The Making of the Tobacco Monopoly in Bourbon Mexico

Bureaucrats, Planters, and Workers

The Making of the Tobacco Monopoly in Bourbon Mexico

By Susan Deans-Smith

University of Texas Press, 1992

Honorable Mention, Bolton Memorial Prize, Conference on Latin American History

A government monopoly provides an excellent case study of state-society relationships. This is especially true of the tobacco monopoly in colonial Mexico, whose revenues in the later half of the eighteenth century were second only to the silver tithe as the most valuable source of government income. This comprehensive study of the tobacco monopoly illuminates many of the most important themes of eighteenth-century Mexican social and economic history, from issues of economic growth and the supply of agricultural credit to rural relations, labor markets, urban protest and urban workers, class formation, work discipline, and late colonial political culture.

Drawing on exhaustive research of previously unused archival sources, Susan Deans-Smith examines a wide range of new questions. Who were the bureaucrats who managed this colonial state enterprise and what policies did they adopt to develop it? How profitable were the tobacco manufactories, and how rational was their organization? What impact did the reorganization of the tobacco trade have upon those people it affected most—the tobacco planters and tobacco workers?

This research uncovers much that was not previously known about the Bourbon government's management of the tobacco monopoly and the problems and limitations it faced. Deans-Smith finds that there was as much continuity as change after the monopoly's establishment, and that the popular response was characterized by accommodation, as well as defiance and resistance. She argues that the problems experienced by the monopoly at the beginning of the nineteenth century did not originate from any simmering, entrenched opposition. Rather, an emphasis upon political stability and short-term profits prevented any innovative reforms that might have improved the monopoly's long-term performance and productivity.

With detailed quantitative data and rare material on the urban working poor of colonial Mexico, Bureaucrats, Planters, and Workers will be important reading for all students of social, economic, and labor history, especially of Mexico and Latin America.

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cover of Business Of Jews In Louisiana, 1840–1875

Business Of Jews In Louisiana, 1840–1875

Elliot Ashkenazi

University of Alabama Press, 1988

Goes beyond institutional history to concentrate on commercial and social matters

The author’s findings imply that Jewish immigrants to the South in the first half of the 19th century came from particular locales with similar social, economic, and religious backgrounds, and they chose to live in the South because of those traditions. The experience of Jews with commercial capitalism, rather than landowning, in agricultural societies, gave the Jews of Louisiana a comparable niche in America, and they participated in the commercial aspects of a regional economy based on agricultural production. Commercial and family connections with other Jewish groups facilitated their development into a settled community. In growth and decline, Jewish communities in Louisiana and elsewhere became permanent features of the landscape and influenced, and were influenced, by the areas in which they lived.

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cover of Business as Usual: How Sponsored Media Sold American Capitalism in the Twentieth Century

Business as Usual

How Sponsored Media Sold American Capitalism in the Twentieth Century

Caroline Jack

University of Chicago Press, 2024

How corporations used mass media to teach Americans that capitalism was natural and patriotic, exposing the porous line between propaganda and public service.
 
Business as Usual reveals how American capitalism has been promoted in the most ephemeral of materials: public service announcements, pamphlets, educational films, and games—what Caroline Jack calls “sponsored economic education media.” These items, which were funded by corporations and trade groups who aimed to “sell America to Americans,” found their way into communities, classrooms, and workplaces, and onto the airwaves, where they promoted ideals of “free enterprise” under the cloaks of public service and civic education. They offered an idealized vision of US industrial development as a source of patriotic optimism, framed business management imperatives as economic principles, and conflated the privileges granted to corporations by the law with foundational political rights held by individuals. This rhetoric remains dominant—a harbinger of the power of disinformation that so besets us today. Jack reveals the funding, production, and distribution that together entrenched a particular vision of corporate responsibility—and, in the process, shut out other hierarchies of value and common care.
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