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Austria Supreme (if it so wishes) (1684) provides a translation of and a scholarly introduction to the Austrian-German Mercantilist classic Oesterreich über Alles Wann es Nur Will (1684) by Philipp Wilhelm von Hörnigk. Published a few months after the unsuccessful 1683 siege of Vienna by the Turks, a turning point in European history, the book stayed in print for more than 100 years. This was the most widely read German language economic textbook of the period, containing, in a nutshell, the essential ingredients of economic strategy that would make Austria and Europe grow rich and eventually overtake the rest of the world as the first world region that experienced an industrial revolution. In Oesterreich über Alles Wann es Nur Will Hörnigk updates and redefines the Mercantilist political economy – a strategy for achieving national wealth and political strength simultaneously by building up a competitive domestic manufacturing industry with the help of the state. Austria Supreme (if it so wishes) (1684) is the first-ever English translation of a work whose importance for European economic development and the ‘European Miracle’ cannot be overestimated.
Between its first date of publication in 1684 and 1784 classic 'Oesterreich über Alles Wann es Nur Will' went through more than twenty known editions which makes it, arguably, Europe's most successful 'economics textbook' prior to Adam Smith's 'Inquiry into the Nature and Causes of the Wealth of Nations' (1776). Philipp Wilhelm von Hörnigk laid in this book the foundations of what has become known as the 'mercantilist' political economy - a strategy for achieving national wealth and political strength simultaneously by building up a competitive domestic manufacturing industry with the help of the state. Hörnigk advocated standard recipes known from modern development economics, such as import substitution, protective tariffs on select goods as well as bounties and other financial as also logistic support by a proactive interventionist state in order to safeguard and nurture domestic industries that were in a state of infancy but which would be promising candidates for future growth and economies of scale. As new work by Erik Reinert and Lars Magnusson has shown, contrary to a sort of mainstream view in modern economics and economic history, it was such policies that tended to make European countries rich in the pre-industrial age, also laying the basic foundations for subsequent industrialization - even the 'Great Divergence' between Europe and Asia post 1800. Most European states were interventionist during the nineteenth century. They obviously drew upon a menu of recipes and political economy schedules that had circulated widely in seventeenth- and eighteenth-century Europe and which would subsequently also influence the major works by Friedrich List, Daniel Raymond and other nineteenth-century development theorists. Based on Hörnigk's popularity and the publication pattern for the book, the 'Hörnigk' strategy stood at the core of many a treatise and book written on economic matters in seventeenth- and eighteenth-century Europe; in fact Hörnigk may be called the forefather of modern development economics. He certainly was a towering figure in the 'Germanic' economic discourses of the early modern period. 'Austria Supreme, if It So Wishes (1684)' will be the first-ever English translation of a work the importance of which for European economic development and the 'European Miracle' cannot be overestimated.
This book hinges upon ideas and discourses variously known under labels such as “Mercantilism” and “Cameralism”. Often viewed as antithesis of capitalism, inclusive institutions and good economy in the “West”, this book re-assembles them and builds them into a coherent origin story of modern capitalism. It explores the field of intellectual and conceptual history, especially the history of Renaissance and Mercantilism in a longer history of capitalism. Rather than hindrances, the author argues that Mercantilist and Cameralist political economies presented essential stepping stones of modern capitalism, in Britain and beyond. This book will be of interest to academics and students in general economic history, the history of capitalism, economic development and the history of economic thought.
Between Brexit, efforts to ‘Make America great again’, and ongoing appeals for patriotic consumption to boost economies, the intersection between national identity, marketing campaigns, and consumer choices has been brought to the fore. This book maps out this terrain and provides a framework for how research on ‘Made in’ campaigns and programmes in individual countries can be placed into a broader historical context. The book argues that the history of ‘Made in’ can be used to shed light on society at large: the actors that have promoted it, the institutions that have regulated it, and the cultural environments that have attributed it meaning. At times ‘Made in’ has been a basic, descriptive trade mark, while, in other periods, it has been a key component of carefully developed commercial brands, and in yet other instances it has been used in attempts to forge and redefine national identities. The book opens with an introduction to the three key factors which have featured prominently in ‘Made in’ campaigns – commercial logic, national economic policy, and its use as an instrument in political discourse, and it provides an overview of the evolution of ‘Made in’ from a marketing perspective. This is followed by country-specific discussions of ‘Made in’ with case studies including countries in Western Europe, the US, Japan, and the antipodes. This book will be of significant interest to students and scholars of economic history, business history, and marketing. Chapter 7 of this book is available for free in PDF format as Open Access from the individual product page at www.routledge.com. It has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.
La dinamica dei prezzi è uno degli argomenti classici della storia economica. L'attenzione per questo tema fu particolarmente viva a partire dagli anni trenta del novecento, in tutti i paesi europei. I materiali raccolti e pubblicati a quell'epoca continuano a costituire una base documentaria importante per ogni ricerca sull'andamento economico delle economie pre-industriali. L'interesse per i prezzi si ridusse dagli anni settanta agli anni novanta. È ripreso, tuttavia, negli ultimi quindici-venti anni come conseguenza della rinnovata attenzione per il tema della crescita e per i cambiamenti di lungo periodo nelle economie del passato. Il confronto fra i livelli di sviluppo di economie diverse, come quella europea e quella asiatica, insieme con l'uso di strumenti statistici più avanzati nel campo della storia economica, ha rafforzato l'interesse per i prezzi. I contributi presenti in questo volume si articolano intorno a due macro-temi: La formazione dei prezzi nelle economie e società pre-industriali durante i secoli dal XII all'inizio del XIX e il movimento dei prezzi nel lungo periodo, nonché il rapporto esistente con quello di altre variabili economiche e non-economiche, quali la popolazione, la massa monetaria, il prodotto, la produttività, la velocità di circolazione della moneta, i cambiamenti nelle istituzioni.
‘Commerce and manufactures gradually introduced order and good government,’ wrote Adam Smith in his Wealth of Nations, ‘and with them, the liberty and security of individuals.’ However, Philipp Robinson Rössner shows how, when looked at in the face of history, it has usually been the other way around. This book follows the development of capitalism from the Middle Ages through the industrial revolution to the modern day, casting new light on the areas where premodern political economies of growth and development made a difference. It shows how order and governance provided the foundation for prosperity, growth and the wealth of nations. Written for scholars and students of economic history, this is a pioneering new study that debunks the neoliberal origin myth of how capitalism came into the world.
This ambitious collection follows the evolution of capitalism from its origins in 13th-century European towns to its 16th-century expansion into Asia, Africa and South America and on to the global capitalism of modern day. Written by distinguished historians and social scientists, the chapters examine capitalism and its critics and the level of variation and convergence in its operation across locations. The authors illuminate the aspects of capitalism that have encouraged, but also limited, social responsibility and environmental sustainability. Covering times, places and topics that have often been overlooked in the existing literature, this important contribution to the field of economic history charts the most comprehensive chronology of capitalism to date.
In contrast to neo-classical mainstream approaches to economics, this innovative Modern Guide addresses the complex reality of economic development as an inherently uneven process, exploring the ways of theorizing and empirically exploring the mechanisms with which the unevenness manifests itself. It covers a wide array of issues influencing wealth and poverty, technological innovation, ecology and sustainability, financialization, population, gender, and geography, considering the dynamics of cumulative causations created by the interplay between these factors.
Other Canon Economics: Essays in the Theory and History of Uneven Economic Development brings together key essays on development economics from one of the most prolific and important development economists and historians of economic policy today. Erik S. Reinert argues through essays ranging from 1994 to 2020 that neo-classical economics damages developing countries, mostly via adherence to the theory of comparative advantage. Based on a long intellectual tradition, started by the Italian economists Giovanni Botero (1589) and Antonio Serra (1613), Reinert shows that the country which trades increasing returns goods – e.g. high-end manufacture – has advantages over the country which trades diminishing returns goods – e.g. commodities. This has important implications for today’s development strategies that, Reinert argues, should be seen as industrial strategies.
History and Economic Life offers students a wide-ranging introduction to both quantitative and qualitative approaches to interpreting economic history sources from the Middle Ages to the Twentieth Century. Having identified an ever-widening gap between the use of qualitative sources by cultural historians and quantitative sources by economic historians, the book aims to bridge the divide by making economic history sources more accessible to students and the wider public, and highlighting the need for a complementary rather than exclusive approach. Divided into two parts, the book begins by equipping students with a toolbox to approach economic history sources, considering the range of sources that might be of use and introducing different ways of approaching them. The second part consists of case studies that examine how economic historians use such sources, helping readers to gain a sense of context and understanding of how these sources can be used. The book thereby sheds light on important debates both within and beyond the field, and highlights the benefits gained when combining qualitative and quantitative approaches to source analysis. Introducing sources often avoided in culturally-minded history or statistically-minded economic history courses respectively, and advocating a combined quantitative and qualitative approach, it is an essential resource for students undertaking source analysis within the field.