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This volume documents the economic integration of the European national economies over the period 1850-1913. The authors concentrate on the macroeconomic aspects of this integration, focusing on measures of aggregate output and monetary aggregates as they relate to policy concerns, such as those surrounding the implementation of the gold standard, as well as the possible interaction of nominal and real factors in both growth and cycles. They also date the `European' cycle and show a close coincidence across nations.
A landmark comparative history of Europe and China that examines why the Industrial Revolution emerged in the West The Great Divergence sheds light on one of the great questions of history: Why did sustained industrial growth begin in Northwest Europe? Historian Kenneth Pomeranz shows that as recently as 1750, life expectancy, consumption, and product and factor markets were comparable in Europe and East Asia. Moreover, key regions in China and Japan were no worse off ecologically than those in Western Europe, with each region facing corresponding shortages of land-intensive products. Pomeranz’s comparative lens reveals the two critical factors resulting in Europe's nineteenth-century divergence—the fortunate location of coal and access to trade with the New World. As East Asia’s economy stagnated, Europe narrowly escaped the same fate largely due to favorable resource stocks from underground and overseas. This Princeton Classics edition includes a preface from the author and makes a powerful historical work available to new readers.
The first volume of The Cambridge History of Capitalism provides a comprehensive account of the evolution of capitalism from its earliest beginnings. Starting with its distant origins in ancient Babylon, successive chapters trace progression up to the 'Promised Land' of capitalism in America. Adopting a wide geographical coverage and comparative perspective, the international team of authors discuss the contributions of Greek, Roman, and Asian civilizations to the development of capitalism, as well as the Chinese, Indian and Arab empires. They determine what features of modern capitalism were present at each time and place, and why the various precursors of capitalism did not survive. Looking at the eventual success of medieval Europe and the examples of city-states in northern Italy and the Low Countries, the authors address how British mercantilism led to European imitations and American successes, and ultimately, how capitalism became global.
This major new text offers a clearly structured introduction to the economic and social development of Western Europe since the Second World War. A team of experts explore key aspects of postwar Europe's economy and society in a number of thematic chapters, with a regional and strongly comparative focus and these are followed by specific national studies.
This book is the product of Donald Akenson's decades of research and writing on Irish social history and its relationship to the Irish diaspora - it is also the product of a lifetime of trying to figure out where Swedish-America actually came from, and why. These two matters, Akenson shows, are intimately related. Ireland and Sweden each provide a tight case study of a larger phenomenon, one that, for better or worse, shaped the modern world: the Great European Diaspora of the "true" nineteenth century. Akenson's book parts company with the great bulk of recent emigration research by employing sharp transnational comparisons and by situating the two case studies in the larger context of the Great European Migration and of what determines the physics of a diaspora: no small matter, as the concept of diaspora has become central to twenty-first-century transnational studies. He argues (against the increasing refusal of mainstream historians to use empirical databases) that the history community still has a lot to learn from economic historians; and, simultaneously, that (despite the self-confidence of their proponents) narrow, economically based explanations of the Great European Migration leave out many of the most important aspects of the whole complex transaction. Akenson believes that culture and economic matters both count, and that leaving either one on the margins of explanation yields no valid explanation at all.
An Economic History of Europe provides students with a comprehensive introduction to European economic history from the fifteenth century to the present day. Individual chapters offer brief references to previous historical periods and events, with special attention given to core themes concerning economic development, and an analysis of their change through time and space. Core themes examined in each period include: the increasing prominence of industry international trade demand and supply dynamics agriculture. The unique structure of this text enables students not only to gain a firm grounding in the long-term evolution of the European economy, but also provides an historical overview of the economic development of individual countries. Individual contributors analyze the shift from the modern to the contemporary period and offer a broad explanation of the historical roots of the problems that face today's economic development. This key text is indispensable reading for students in economics, economic history, development economics and history.
This book compares the cross-border integration of infrastructures in Europe such as post, telecommunication and transportation in the 19th century and the period following the Second World War. In addition to providing a unique perspective on the development of cross-border infrastructures and the international regimes regulating them, it offers the first systematic comparison of a variety of infrastructure sectors, identifies general developmental trends and supplies theoretical explanations. In this regard, integration is defined as international standardization, network building and the establishment of international organizations to regulate cross-border infrastructures.
This book traces the roots of global financial integration in the first “modern” era of globalisation from 1880 to 1913 and can serve as a valuable tool to current-day policy dilemmas by using historical data to see which policies in the past led to enhanced international financing for development.
This open access book examines more than two centuries of societal development using novel historical and statistical approaches. It applies the well-being monitor developed by Statistics Netherlands that has been endorsed by a significant part of the international, statistical community. It features The Netherlands as a case study, which is an especially interesting example; although it was one of the world’s richest countries around 1850, extreme poverty and inequality were significant problems of well-being at the time. Monitors of 1850, 1910, 1970 and 2015 depict the changes in three dimensions of well-being: the quality of life 'here and now', 'later' and 'elsewhere'. The analysis of two centuries shows the solutions to the extreme poverty problem and the appearance of new sustainability problems, especially in domestic and foreign ecological systems. The study also reveals the importance of natural capital: soil, air, water and subsoil resources, showing their relation with the social structure of the ‘here and now ́. Treatment and trade of natural resources also impacted on the quality of life ‘later’ and ‘elsewhere.’ Further, the book illustrates the role of natural capital by dividing the capital into three types of raw materials and concomitant material flows: bio-raw materials, mineral and fossil subsoil resources. Additionally, the analysis of the institutional context identifies the key roles of social groups in well-being development. The book ends with an assessment of the solutions and barriers offered by the historical anchoring of the well-being and sustainability issues. This unique analysis of well-being and sustainability and its institutional analysis appeals to historians, statisticians and policy makers.
A transnational survey of the economic development of Europe, exploring why some regions advanced and some stayed behind.