The Geniza merchants of the eleventh-century Mediterranean - sometimes called the 'Maghribi traders' - are central to controversies about the origins of long-term economic growth and the institutional bases of trade. In this book, Jessica Goldberg reconstructs the business world of the Geniza merchants, maps the shifting geographic relationships of the medieval Islamic economy and sheds new light on debates about the institutional framework for later European dominance. Commercial letters, business accounts and courtroom testimony bring to life how these medieval traders used personal gossip and legal mechanisms to manage far-flung agents, switched business strategies to manage political risks and asserted different parts of their fluid identities to gain advantage in the multicultural medieval trading world. This book paints a vivid picture of the everyday life of Jewish merchants in Islamic societies and adds new depth to debates about medieval trading institutions with unique
This book was first published in 1960. Its author, W. G. Rimmer, here forms a case study of the Marshalls of Leeds, and their progress and prominence in the field of flax spinning since the outbreak of the French War in 1793. The founder of Marshall and Co., John Marshall, was made a millionaire by the company's success. In documenting the company's economic history, Rimmer draws upon private ledgers, stock books, score letters and notebooks, primarily spanning the years 1806–46. He aims to give a thorough and engaging narrative account of this family and their firm by drawing upon their relationships with the citizens of Leeds, politicians, customers and landowners, as well as looking at the internal development of their business. This engaging and thoroughly researched book will be of great interest to any scholars of nineteenth-century industry in general, or the industrial history of Leeds more specifically.
Now that services account for such a dominant part of economic activity, it has become apparent that achieving high levels of productivity in the economy requires high levels of productivity in services. This book offers a major reassessment of Britain's comparative productivity performance over the last 150 years. Whereas in the mid-nineteenth century Britain had higher productivity than the United States and Germany, by 1990 both countries had overtaken Britain. The key to achieving high productivity was the 'industrialisation' of market services, which involved both the serving of business and the provision of mass-market consumer services in a more business like fashion. Comparative productivity varied with the uneven spread of industrialised service sector provision across sectors. Stephen Broadberry provides a quantitative overview of these trends, together with a qualitative account of developments within individual sectors, including shipping, railways, road and air transport,
This is a unique account of working-class childhood during the British industrial revolution, first published in 2010. Using more than 600 autobiographies written by working men of the eighteenth and nineteenth centuries Jane Humphries illuminates working-class childhood in contexts untouched by conventional sources and facilitates estimates of age at starting work, social mobility, the extent of apprenticeship and the duration of schooling. The classic era of industrialisation, 1790–1850, apparently saw an upsurge in child labour. While the memoirs implicate mechanisation and the division of labour in this increase, they also show that fatherlessness and large subsets, common in these turbulent, high-mortality and high-fertility times, often cast children as partners and supports for mothers struggling to hold families together. The book offers unprecedented insights into child labour, family life, careers and schooling. Its images of suffering, stoicism and occasional childish
A study of the productivity of land in the bishopric of Winchester from 1208–1350. To a student of agrarian society and economy the knowledge of changes in the productivity of land is a crucial factor. For the Middle Ages, only England has the right type of documents - the manorial accounts - to allow cereal yields to be calculated with any degree of exactness. The accounts of the bishopric of Winchester occupy a very special position. This collection not only antedates all others by some 50 years, but is also by far the best series of account rolls in existence and the only one allowing for a study covering the whole of the 13th century. Dr Titow presents the whole range of the Winchester yield calculations and also examines the observable changes in productivity in the light of other relevant factors.
Russian rural history has long been based on a 'Peasant Myth', originating with nineteenth-century Romantics and still accepted by many historians today. In this book, Tracy Dennison shows how Russian society looked from below, and finds nothing like the collective, redistributive and market-averse behaviour often attributed to Russian peasants. On the contrary, the Russian rural population was as integrated into regional and even national markets as many of its west European counterparts. Serfdom was a loose garment that enabled different landlords to shape economic institutions, especially property rights, in widely diverse ways. Highly coercive and backward regimes on some landlords' estates existed side-by-side with surprisingly liberal approximations to a rule of law. This book paints a vivid and colourful picture of the everyday reality of rural Russia before the 1861 abolition of serfdom.
Until the widespread harnessing of machine energy, food was the energy which fuelled the economy. In this groundbreaking 2011 study of agricultural labourers' diet and material standard of living, Craig Muldrew uses empirical research to present a much fuller account of the interrelationship between consumption, living standards and work in the early modern English economy than has previously existed. The book integrates labourers into a study of the wider economy and engages with the history of food as an energy source and its importance to working life, the social complexity of family earnings, and the concept of the 'industrious revolution'. It argues that 'industriousness' was as much the result of ideology and labour markets as labourers' household consumption. Linking this with ideas about the social order of early modern England, the author demonstrates that bread, beer and meat were the petrol of this world, and a springboard for economic change.
What was the role of merchant guilds in the medieval and early modern economy? Does their wide prevalence and long survival mean they were efficient institutions that benefited the whole economy? Or did merchant guilds simply offer an effective way for the rich and powerful to increase their wealth, at the expense of outsiders, customers and society as a whole? These privileged associations of businessmen were key institutions in the European economy from 1000 to 1800. Historians debate merchant guilds' role in the Commercial Revolution, economists use them to support theories about institutions and development, and policymakers view them as prime examples of social capital, with important lessons for modern economies. Sheilagh Ogilvie's magisterial new history of commercial institutions shows how scrutinizing merchant guilds can help us understand which types of institution made trade grow, why institutions exist, and how corporate privileges affect economic efficiency and human well-
Privilege has long been understood as the constitutional basis of Ancien Régime France, legalizing the provision of a variety of rights, powers and exemptions to some, whilst denying them to others. In this fascinating new study however, Jeff Horn reveals that Bourbon officials utilized privilege as an instrument of economic development, freeing some sectors of the economy from pre-existing privileges and regulations, while protecting others. He explores both government policies and the innovations of entrepreneurs, workers, inventors and customers to uncover the lived experience of economic development from the Fronde to the Restoration. He shows how, influenced by Enlightenment thought, the regime increasingly resorted to concepts of liberty to defend privilege as a policy tool. The book offers important new insights into debates about the impact of privilege on early industrialization, comparative economic development and the outbreak of the French Revolution.
The 'German Question' dominated much of modern European history. In 1945, Germany was defeated and conquered. Yet, the Second World War did not destroy the foundations of her economic power. Dr Tamás Vonyó revisits Germany's remarkable post-war revival, tracing its roots not to liberal economic reforms and the Marshall Plan, but to the legacies of the war that endowed Germany with an enhanced industrial base and an enlarged labour force. He also shows that Germany's liberal market economy was in reality an economy of regulated markets, controlled prices and extensive state intervention. Using quantitative analysis and drawing on a rich historiography that has remained, in large part, unknown outside of Germany, this book reassesses the role of economic policy and the importance of wartime legacies to explain the German growth miracle after 1945 and the sharply contrasting experiences of East and West Germany.
This major study analyses the economic policies of the Attlee government, both international and domestic, in the light of Labour's issues and doctrines about the economy. Jim Tomlinson highlights the concern of the government with issues of industrial efficiency, and how this concern pervaded all areas of economic policy. He focuses on the economic aspects of the creation of the welfare state, and how efficiency concerns led to a great deal of austerity in the design of welfare provision. In addition, Tomlinson offers detailed discussion of the labour market in this period, both the attempts to 'plan' that market and the tensions in the policies created by attempts to attract more women into paid work. Students, professional historians and even politicians will greatly benefit from this broad-based reappraisal of a crucial era.
This book explores the long-term forces shaping business attitudes in the British and American cotton industries from the eighteenth to the twentieth century. Mary Rose traces social, political and developmental differences from the early stages of industrialization. She demonstrates how firms become embedded in networks, and evolve according to business values and strategies. The book examines local and regional networks, the changing competitive environment, community characteristics and national differences. Rose's findings challenge traditional views with new evidence that the character and achievements of each industry uniquely reflect local circumstances and historical experience. This is a critical synthesis of the multidisciplinary literature on the cotton textile industries of two major industrial nations and a study of the changing forces influencing decision making. An important contribution to comparative business history, this book will be of interest to graduates and
This is a unique account of working-class childhood during the British industrial revolution, first published in 2010. Using more than 600 autobiographies written by working men of the eighteenth and nineteenth centuries Jane Humphries illuminates working-class childhood in contexts untouched by conventional sources and facilitates estimates of age at starting work, social mobility, the extent of apprenticeship and the duration of schooling. The classic era of industrialisation, 1790–1850, apparently saw an upsurge in child labour. While the memoirs implicate mechanisation and the division of labour in this increase, they also show that fatherlessness and large subsets, common in these turbulent, high-mortality and high-fertility times, often cast children as partners and supports for mothers struggling to hold families together. The book offers unprecedented insights into child labour, family life, careers and schooling. Its images of suffering, stoicism and occasional childish
This pioneering 1997 study examines the economic development of the British paper industry between 1860 and 1914 - an era in which it is often claimed that the origins of Britain's relative economic decline are first witnessed. For paper-making, this was also a period in which an array of important new forces, including inter alia the development of new raw materials and the move to ever larger scales of production, came on the scene. Gary Bryan Magee looks at the effect of these changes and assesses how effectively the industry coped with the new pressures, drawing upon an extensive range of quantitative and archival sources from Britain, America, and other countries. Along the way, Dr Magee addresses issues central to the understanding of industrial competitiveness, such as technological change, entrepreneurship, productivity, trade policy, and industrial relations.
In this 1999 book, Karl Gunnar Persson surveys a broad sweep of economic history, examining one of the most crucial markets - grain. His analysis allows him to draw more general lessons, for example that liberalization of markets was linked to political authoritarianism. Grain Markets in Europe traces the markets' early regulation, their poor performance and the frequent market failures. Price volatility caused by harvest shocks was of major concern for central and local government because of the unrest it caused. Regulation became obsolete when markets became more integrated and performed better through trade triggered by falling transport costs. Persson, a specialist in economic history, uses insights from development economics, explores contemporary economic thought on the advantages of free trade, and measures the extent of market integration using the latest econometric methods. Grain Markets in Europe will be of value to scholars and students in economic history, social history
Tooze provides an interpretation of the dramatic period of statistical innovation between 1900 and the end of World War II. At the turn of the century, virtually none of the economic statistics that we take for granted today were available. By 1944, the entire repertoire of modern economic statistics was being put to work in wartime economic management. As this book reveals, the Weimar Republic and the Third Reich were in the forefront of statistical innovation in the interwar decades. New ways of measuring the economy were inspired both by contemporary developments in macroeconomic theory and the needs of government. The Weimar Republic invested heavily in macroeconomic research. Under the Nazi regime, these statistical tools were to provide the basis for a radical experiment in economic planning. Based on the German example, this book presents the case for a more wide-ranging reconsideration of the history of modern economic knowledge.
Corporate capitalism was invented in nineteenth-century Britain; most of the market institutions that we take for granted today - limited companies, shares, stock markets, accountants, financial newspapers - were Victorian creations. So were the moral codes, the behavioural assumptions, the rules of thumb and the unspoken agreements that made this market structure work. This innovative study provides the first integrated analysis of the origin of these formative capitalist institutions, and reveals why they were conceived and how they were constructed. It explores the moral, economic and legal assumptions that supported this formal institutional structure, and which continue to shape the corporate economy of today. Tracing the institutional growth of the corporate economy in Victorian Britain and demonstrating that many of the perceived problems of modern capitalism - financial fraud, reckless speculation, excessive remuneration - have clear historical precedents, this is a major
What was the role of merchant guilds in the medieval and early modern economy? Does their wide prevalence and long survival mean they were efficient institutions that benefited the whole economy? Or did merchant guilds simply offer an effective way for the rich and powerful to increase their wealth, at the expense of outsiders, customers and society as a whole? These privileged associations of businessmen were key institutions in the European economy from 1000 to 1800. Historians debate merchant guilds' role in the Commercial Revolution, economists use them to support theories about institutions and development, and policymakers view them as prime examples of social capital, with important lessons for modern economies. Sheilagh Ogilvie's magisterial new history of commercial institutions shows how scrutinizing merchant guilds can help us understand which types of institution made trade grow, why institutions exist, and how corporate privileges affect economic efficiency and human well-
Can the lessons of the past help us to prevent another banking collapse in the future? This is the first book to tell the story of the rise and fall of British banking stability over the past two centuries, shedding new light on why banking systems crash and on the factors underpinning banking stability. John Turner shows that there have only been two major banking crises in Britain during this time - the crises of 1825–6 and 2007–8. Although there were episodic bouts of instability in the interim, the banking system was crisis free. Why was the British banking system stable for such a long time? And, why did the British banking system implode in 2008? In answering these questions, the book explores the long-run evolution of bank regulation, the role of the Bank of England, bank rescues and the need to hold shareholders to account.
