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How did the dynamic economic system we know as capitalism develop among the peasants and lords of feudal Europe? In The Origin of Capitalism, a now-classic work of history, Ellen Meiksins Wood offers readers a clear and accessible introduction to the theories and debates concerning the birth of capitalism, imperialism, and the modern nation state. Capitalism is not a natural and inevitable consequence of human nature, nor simply an extension of age-old practices of trade and commerce. Rather, it is a late and localized product of very specific historical conditions, which required great transformations in social relations and in the relationship between humans and nature.
This fascinating study follows the fortunes of the Höchstetter family, merchant-manufacturers and financiers of Augsburg, Germany, in the late-fifteenth and early-sixteenth centuries, and sheds light on the economic and social history of failure and resilience in early modern Europe. Carefully tracing the chronology of the family’s rise, fall and transformation, it moves from the micro- to the macro-level, making comparisons with other mercantile families of the time to draw conclusions and suggest insights into such issues as social mobility, capitalist organization, business techniques, market practices and economic institutions. The result is a microhistory that offers macro-conclusions about the lived experience of early capitalism and capitalistic practices. This book will be valuable reading for advanced students and researchers of economic, financial and business history, legal history and early modern European history.
Between the end of the Middle Ages and the Industrial Revolution, the long-established structures and practices of European agriculture and industry were slowly, disparately, but profoundly transformed. Transitions to Capitalism in Early Modern Europe, first published in 1997, narrates and analyzes the diverse patterns of economic change that permanently modified rural and urban production, altered Europe's economy and geography, and gave birth to new social classes. Broad in chronological and geographical scope and explicitly comparative, the book introduces readers to a wealth of information drawn from thoughout Mediterranean, east-central, and western Europe, as well as to the classic interpretations and current debates and revisions. The study incorporates scholarship on topics such as the world economy and women's work, and it discusses at length the impact of the emergent capitalist order on Europe's working people.
In this Very Short Introduction James Fulcher considers what capitalism is, the forms it can take around the world, and its history of crises and long-term development. In this new edition he discusses the fundamental impact of the global financial crises of 2007-8 and what it has meant for capitalism worldwide.
Silver, Trade, and War is about men and markets, national rivalries, diplomacy and conflict, and the advancement or stagnation of states. Chosen by Choice Magazine as an Outstanding Academic Title The 250 years covered by Silver, Trade, and War marked the era of commercial capitalism, that bridge between late medieval and modern times. Spain, peripheral to western Europe in 1500, produced American treasure in silver, which Spanish convoys bore from Portobelo and Veracruz on the Carribbean coast across the Atlantic to Spain in exchange for European goods shipped from Sevilla (later, Cadiz). Spanish colonialism, the authors suggest, was the cutting edge of the early global economy. America's silver permitted Spain to graft early capitalistic elements onto its late medieval structures, reinforcing its patrimonialism and dynasticism. However, the authors argue, silver gave Spain an illusion of wealth, security, and hegemony, while its system of "managed" transatlantic trade failed to monitor silver flows that were beyond the control of government officials. While Spain's intervention buttressed Hapsburg efforts at hegemony in Europe, it induced the formation of protonationalist state formations, notably in England and France. The treaty of Utrecht (1714) emphasized the lag between developing England and France, and stagnating Spain, and the persistence of Spain's late medieval structures. These were basic elements of what the authors term Spain's Hapsburg "legacy." Over the first half of the eighteenth century, Spain under the Bourbons tried to contain expansionist France and England in the Caribbean and to formulate and implement policies competitors seemed to apply successfully to their overseas possessions, namely, a colonial compact. Spain's policy planners (proyectistas) scanned abroad for models of modernization adaptable to Spain and its American colonies without risking institutional change. The second part of the book, "Toward a Spanish-Bourbon Paradigm," analyzes the projectors' works and their minimal impact in the context of the changing Atlantic scene until 1759. By then, despite its efforts, Spain could no longer compete successfully with England and France in the international economy. Throughout the book a colonial rather than metropolitan prism informs the authors' interpretation of the major themes examined.
In the early-modern period, the Dutch called the grain trade on the Baltic the 'mother of all trades', as they considered it to be the basis of most of their trade and shipping and indeed the cornerstone of the Dutch economy. For a very long time the mass grain exports from the Baltic were dominated by the Dutch, and Amsterdam was the central entrepôt from which the grain was distributed over the Dutch hinterland and the rest of Europe. This book aims to present a general history of the 'mother of all trades' and particularly shows the fundamental importance for transaction costs, including the costs for transport, insurance and protection, the quality of the local services sector in Amsterdam, the influence of monetary and mercantile policies, and the efficiency of trade organization.
Pursuing this objective, Alex Callinicos critically confronts a number of leading attempts to reconceptualize the meaning of history, including Francis Fukuyama's rehabilitation of Hegel's philosophy of history and the postmodernist efforts of Hayden White and others to deny the existence of a past independent of our representations of it. In these cases philosophical arguments are pursued in tandem with discussions of historical interpretations of, respectively, Stalinism and the Holocaust.
In this carefully crafted work, Jeffrey Young illuminates southern slaveholders' strange and tragic path toward a defiantly sectional mentality. Drawing on a wealth of archival evidence and integrating political, religious, economic, and literary sources, he chronicles the growth of a slaveowning culture that cast the southern planter in the role of benevolent Christian steward--even as slaveholders were brutally exploiting their slaves for maximum fiscal gain. Domesticating Slavery offers a surprising answer to the long-standing question about slaveholders' relationship with the proliferating capitalistic markets of early-nineteenth-century America. Whereas previous scholars have depicted southern planters either as efficient businessmen who embraced market economics or as paternalists whose ideals placed them at odds with the industrializing capitalist society in the North, Young instead demonstrates how capitalism and paternalism acted together in unexpected ways to shape slaveholders' identity as a ruling elite. Beginning with slaveowners' responses to British imperialism in the colonial period and ending with the sectional crises of the 1830s, he traces the rise of a self-consciously southern master class in the Deep South and the attendant growth of political tensions that would eventually shatter the union.