As the director of the MIT AgeLab, Joseph Coughlin has studied trends in demographics and technology and spearheaded research and innovation to improve the quality of life for older people and those w
In 1823 and 1824, the newly independent government of Mexico entered the international capital market, raising two loans in London totaling £6.4 million. Intended to cover a variety of expenses, the loans fell into default by 1827 and remained in default until 1887. This case study explores how the loan process worked in Mexico in the early nineteenth century, when foreign lending was still a novelty, and the unexpected ways in which international debt could influence politics and policy. The history of the loans, the efforts of successive governments in Mexico to resume repayment, and the efforts of the foreign lenders to recover their investment became one of the most significant, persistent, and contentious, if largely misunderstood, issues in the political and financial history of nineteenth-century Mexico. The loans themselves became entangled in partisan politics in Mexico and abroad, especially in Great Britain and France, and were a fertile source of speculation for a wide rang
This book examines the tendency in market economies to reduce the time workers spend at their place of employment and considers the role scientific management has played in this development. The author contends that the changing nature of worktime can be explained by changes in both the capitalistic production process and the demands that this process places on the psycho-physiological capacities of human beings. Between 1870 and 1980, the total annual worktime in major industrialized nations decreased by approximately 40 percent. This accelerated rate of worktime change is discussed in the context of the economic revival of capitalism that began in the first half of the twentieth century and culminated in the 'long boom' of 1945–1970. Professor Nyland argues that this revival is primarily explained by the rapid development and application of the process associated with scientific management. He further asserts that this science has been seriously misunderstood by most modern scholars
This book examines the tendency in market economies to reduce the time workers spend at their place of employment and considers the role scientific management has played in this development. The author contends that the changing nature of worktime can be explained by changes in both the capitalistic production process and the demands that this process places on the psycho-physiological capacities of human beings. Between 1870 and 1980, the total annual worktime in major industrialized nations decreased by approximately 40 percent. This accelerated rate of worktime change is discussed in the context of the economic revival of capitalism that began in the first half of the twentieth century and culminated in the 'long boom' of 1945–1970. Professor Nyland argues that this revival is primarily explained by the rapid development and application of the process associated with scientific management. He further asserts that this science has been seriously misunderstood by most modern scholars
In 1823 and 1824, the newly independent government of Mexico entered the international capital market, raising two loans in London totaling £6.4 million. Intended to cover a variety of expenses, the loans fell into default by 1827 and remained in default until 1887. This case study explores how the loan process worked in Mexico in the early nineteenth century, when foreign lending was still a novelty, and the unexpected ways in which international debt could influence politics and policy. The history of the loans, the efforts of successive governments in Mexico to resume repayment, and the efforts of the foreign lenders to recover their investment became one of the most significant, persistent, and contentious, if largely misunderstood, issues in the political and financial history of nineteenth-century Mexico. The loans themselves became entangled in partisan politics in Mexico and abroad, especially in Great Britain and France, and were a fertile source of speculation for a wide rang
