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Without economic history, economics runs the risk of being too abstract or parochial, of failing to notice precedents, trends and cycles, of overlooking the long-run and thus misunderstanding ‘how we got here’. Recent financial and economic crises illustrate spectacularly how the economics profession has not learnt from its past. This important and unique book addresses this problem by demonstrating the power of historical thinking in economic research. Concise chapters guide economics lecturers and their students through the field of economic history, demonstrating the use of historical thinking in economic research, and advising them on how they can actively engage with economic history in their teaching and learning. Blum and Colvin bring together important voices in the field to show readers how they can use their existing economics training to explore different facets of economic history. Each chapter introduces a question or topic, historical context or research method and explores how they can be used in economics scholarship and pedagogy. In a century characterised to date by economic uncertainty, bubbles and crashes, An Economist’s Guide to Economic History is essential reading. For further information visit http://www.blumandcolvin.org
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.
The relationship between natural capital and economic growth is an open debate in the field of economic development. Is an abundance of natural resources a blessing or a curse for economic performance? The field of Economic History offers an excellent vantage to explore the relevance of institutions, technical progress and supply-demand drivers. Natural Resources and Economic Growth contains theoretical and empirical articles by leading scholars who have studied this subject in different historical periods from the 19th century to the present day and in different parts of the world. Part I presents the theoretical issues and discusses the meaning of the "curse" and the relevance of the historical perspective. Part II captures the diversity of experiences, presenting thirteen independent case studies based on historical results from North and South America, Africa, Asia, Oceania and Europe. This book emphasizes that an abundance of natural resources is not a fixed situation. It is a process that reacts to changes in the structure of commodity prices and factor endowments, and progress requires capital, labour, technical change and appropriate institutional arrangements. This abundance is not a given, but is part of the evolution of the economic system. History shows that institutional quality is the key factor to deal with abundant natural resources and, especially, with the rents derived from their use and exploitation. This wide ranging volume will be of great relevance to all those with an interest in economic history, development, economic growth, natural resources, world history and institutional economics.
The study of economic phenomena over time is a well-established and flourishing area of research and study, and this new four-volume collection in the Routledge Major Works series, Critical Concepts in Economics, meets the need for an authoritative, up-to-date, and comprehensive reference work synthesizing the voluminous literature from twentieth-century economic historians. Indeed, the sheer scale of the research outputâe"and the breadth of the fieldâe"makes this collection especially welcome. It answers the need for a comprehensive collection of classic and contemporary contributions to facilitate ready access to the most influential and important scholarship from a wide range of theoretical and practical perspectives. The collection is organized into ten principal parts. Part 1 explores theory and methodology and the role of economic history as either an alternative to mainstream economics, or as a âe~help disciplineâe(tm). Part 2 gathers the key research on growth in economic history. The third and fourth parts cover the causes and social consequences of the Industrial Revolution, while Part 5 brings together the best and most influential work on the feudal and early modern economy. Part 6 deals with free trade, mercantilism, and imperialism. Part 7 focuses on the Great Depression, while Part 8 collects research on world economic history and the slave economy. The final part collects a fascinating miscellany of crucial issues, including taxation and gender. Twentieth-Century Economic History is edited by Lars Magnusson, a leading scholar in the field. The collection is fully indexed and has a comprehensive introduction, newly written by the editor, which places the material in its intellectual context. It is an essential work of reference and is destined to be valued by scholars and students as a vital one-stop research resource.
The longevity of the Byzantine state was due largely to the existence of variegated and articulated economic systems. This three-volume study examines the structures and dynamics of the economy and the factors that contributed to its development over time. The first volume addresses the environment, resources, communications, and production techniques. The second volume examines the urban economy; presents case studies of a number of places, including Sardis, Pergamon, Thebes, Athens, and Corinth; and discusses exchange, trade, and market forces. The third volume treats the themes of economic institutions and the state and general traits of the Byzantine economy. This global study of one of the most successful medieval economies will interest historians, economic historians, archaeologists, and art historians, as well as those interested in the Byzantine Empire and the medieval Mediterranean world.