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  3. New Approaches to Economic and Social History

New Approaches to Economic and Social History is an important new textbook series which provides concise but authoritative surveys of major themes and issues in world economic and social history from the post-Roman recovery to the present day. Books in the series are by recognised authorities operating at the cutting edge of their field with an ability to write clearly and succinctly. The series consist principally of single-author works - academically rigorous and groundbreaking - which offer comprehensive, analytical guides at a length and level accessible to advanced school students and undergraduate historians and economists.

  • General Editors: Marguerite Dupree, University of Glasgow, Debin Ma, London School of Economics and Political Science, Larry Neal, University of Illinois at Urbana-Champaign

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13 results in New Approaches to Economic and Social History

The Rise and Fall of the Italian Economy
  • Carlo Bastasin, Gianni Toniolo
  • Published online:
    24 August 2023
    Print publication:
    07 September 2023
  • Carlo Bastasin and Gianni Toniolo provide a much-needed, up-to-date economic history of Italy from unification in 1861 to the present day. They show how, thirty years after unification, Italy began a long phase of convergence with more advanced economies so that by the late twentieth century Italy's per capita income reached the levels of Germany, France and the UK. From the mid-1990s, however, the Italian economy declined first in relative and then absolute terms. The authors describe the intertwined financial and institutional crises that eroded trust in the political system and in the economy at the exact juncture when new technologies and markets transformed the global economy. Longstanding problems of uneven levels of education and obsolete bureaucratic and judicial practices deepened the division between economically vibrant regions and the rest, causing polarization, political instability and rising public debt. Italy's contemporary malaise makes the country a test-case for understanding the implications of protracted declines in productivity and the flattening of GDP growth for the stability of western democracies, resulting in populism, mistrust and political instability.

Human Development and the Path to Freedom
  • 1870 to the Present
  • Leandro Prados de la Escosura
  • Published online:
    14 July 2022
    Print publication:
    28 July 2022
  • How has human development evolved during the last 150 years of globalization and economic growth? How has human development been distributed across countries? How do developing countries compare to developed countries? Do social systems matter for wellbeing? Are there differences in the performance of developing regions over time? Employing a capabilities approach, Human Development and the Path to Freedom addresses these key questions in the context of modern economic growth and globalization from c.1870 to the present. Leandro Prados de la Escosura shows that health, access to knowledge, standards of living, and civil and political freedom can substitute for GDP per head as more accurate measures of our wellbeing.

The Wealth and Poverty of African States
  • Economic Growth, Living Standards and Taxation since the Late Nineteenth Century
  • Morten Jerven
  • Published online:
    06 January 2022
    Print publication:
    13 January 2022
  • A wealth of new data have been unearthed in recent years on African economic growth, wages, living standards, and taxes. In The Wealth and Poverty of African States, Morten Jerven shows how these findings transform our understanding of African economic development. He focuses on the central themes and questions that these state records can answer, tracing how African states evolved over time and the historical footprint they have left behind. By connecting the history of the colonial and postcolonial periods, he reveals an aggregate pattern of long-run growth from the late nineteenth century into the 1970s, giving way to widespread failure and decline in the 1980s, and then followed by two decades of expansion since the late 1990s. The result is a new framework for understanding the causes of poverty and wealth and the trajectories of economic growth and state development in Africa across the twentieth century.

The Origins of Globalization
  • World Trade in the Making of the Global Economy, 1500–1800
  • Pim de Zwart, Jan Luiten van Zanden
  • Published online:
    29 September 2018
    Print publication:
    20 September 2018
  • For better or for worse, in recent times the rapid growth of international economic exchange has changed our lives. But when did this process of globalization begin, and what effects did it have on economies and societies? Pim de Zwart and Jan Luiten van Zanden argue that the networks of trade established after the voyages of Columbus and Da Gama of the late fifteenth century had transformative effects inaugurating the first era of globalization. The global flows of ships, people, money and commodities between 1500 and 1800 were substantial, and the re-alignment of production and distribution resulting from these connections had important consequences for demography, well-being, state formation and the long-term economic growth prospects of the societies involved in the newly created global economy. Whether early globalization had benign or malignant effects differed by region, but the world economy as we now know it originated in these changes in the early modern period.

Institutional and Organizational Analysis
  • Concepts and Applications
  • Eric Alston, Lee J. Alston, Bernardo Mueller, Tomas Nonnenmacher
  • Published online:
    04 August 2018
    Print publication:
    23 August 2018
  • What explains the great variability in economic growth and political development across countries? Institutional and organizational analysis has developed since the 1970s into a powerful toolkit, which argues that institutions and norms rather than geography, culture, or technology are the primary causes of sustainable development. Institutions are rules that recognized authorities create and enforce. Norms are rules created by long-standing patterns of behavior, shared by people in a society or organization. They combine to play a role in all organizations, including governments, firms, churches, universities, gangs, and even families. This introduction to the concepts and applications of institutional and organizational analysis uses economic history, economics, law, and political science to inform its theoretical framework. Institutional and organizational analysis becomes the basis to show why the economic and political performance of countries worldwide have not converged, and reveals the lessons to be learned from it for business, law, and public policy.

Global Trade and the Transformation of Consumer Cultures
  • The Material World Remade, c.1500–1820
  • Beverly Lemire
  • Published online:
    21 December 2017
    Print publication:
    11 January 2018
  • The oceanic explorations of the 1490s led to countless material innovations worldwide and caused profound ruptures. Beverly Lemire explores the rise of key commodities across the globe, and charts how cosmopolitan consumption emerged as the most distinctive feature of material life after 1500 as people and things became ever more entangled. She shows how wider populations gained access to more new goods than ever before and, through industrious labour and smuggling, acquired goods that heightened comfort, redefined leisure and widened access to fashion. Consumption systems shaped by race and occupation also emerged. Lemire reveals how material cosmopolitanism flourished not simply in great port cities like Lima, Istanbul or Canton, but increasingly in rural settlements and coastal enclaves. The book uncovers the social, economic and cultural forces shaping consumer behaviour, as well as the ways in which consumer goods shaped and defined empires and communities.

The Rise of the Global Company
  • Multinationals and the Making of the Modern World
  • Robert Fitzgerald
  • Published online:
    05 December 2015
    Print publication:
    07 January 2016
  • This is the first full account of how an influential form of commercial organization - the multinational enterprise - drove globalization and contributed to the making of the modern world. Robert Fitzgerald explores the major role of multinational enterprises in the events of world history, from the nineteenth century to the present, revealing how the growth of businesses that operated across borders contributed to an unprecedented worldwide transformation and deepening interdependence between countries. He demonstrates how international businesses shaped the economic development and competitiveness of nations, their politics and sovereignty, and the balance of power in international relations. The Rise of the Global Company uses the lessons of history to question prominent contemporary interpretations of multinationals and their consequences, and offers a truly wide-ranging survey of multinational enterprise, spanning two hundred years and five continents.

A Concise History of International Finance
  • From Babylon to Bernanke
  • Larry Neal
  • Published online:
    05 October 2015
    Print publication:
    22 October 2015
  • Ever since the financial crisis of 2008, doubts have been raised about the future of capitalism. In this broad-ranging survey of financial capitalism from antiquity to the present, Larry Neal reveals the ways in which the financial innovations throughout history have increased trade and prosperity as well as improving standards of living. These innovations have, however, all too often led to financial crises as a result of the failure of effective coordination among banks, capital markets and governments. The book examines this key interrelationship between financial innovation, government regulation and financial crises across three thousand years, showing through past successes and failures the key factors that underpin any successful recovery and sustain economic growth. The result is both an essential introduction to financial capitalism and also a series of workable solutions that will help both to preserve the gains we have already achieved and to mitigate the dangers of future crises.

An Economic History of Europe
  • Knowledge, Institutions and Growth, 600 to the Present
  • 2nd edition
  • Karl Gunnar Persson, Paul Sharp
  • Published online:
    28 May 2018
    Print publication:
    12 March 2015
  • This revised and extended edition of the leading textbook on European economic history has been updated to take account of contemporary economic developments and the latest research and debates. A concise and accessible introduction that covers the full sweep of the European history, the book focuses on the interplay between the development of institutions and the generation and diffusion of knowledge-based technologies. With simple explanations of key economic principles, the book is an ideal introduction for students in history and economics. Revised textboxes and figures, an extensive glossary, suggestions for further reading and a suite of online resources lead students to a comprehensive understanding of the subject. New material covers contemporary economic developments such as the financial crises of 2007/2008, the Eurozone crisis, new trends in inequality and the austerity debates. This remains the only textbook students need to understand Europe's unique economic development and its global context.

America's Economic Way of War
  • War and the US Economy from the Spanish-American War to the Persian Gulf War
  • Hugh Rockoff
  • Published online:
    05 June 2012
    Print publication:
    29 March 2012
  • How did economic and financial factors determine how America waged war in the twentieth century? This important new book exposes the influence of economics and finance on the questions of whether the nation should go to war, how wars would be fought, how resources would be mobilized, and the long-term consequences for the American economy. Ranging from the Spanish-American War to the Gulf War, Hugh Rockoff explores the ways in which war can provide unique opportunities for understanding the basic principles of economics as wars produce immense changes in monetary and fiscal policy and so provide a wealth of information about how these policies actually work. He shows that wars have been more costly to the United States than most Americans realize as a substantial reliance on borrowing from the public, money creation and other strategies to finance America's war efforts have hidden the true cost of war.

The Changing Body
  • Health, Nutrition, and Human Development in the Western World since 1700
  • Roderick Floud, Robert W. Fogel, Bernard Harris, Sok Chul Hong
  • Published online:
    05 June 2012
    Print publication:
    31 March 2011
  • Humans have become much taller and heavier, and experience healthier and longer lives than ever before in human history. However it is only recently that historians, economists, human biologists and demographers have linked the changing size, shape and capability of the human body to economic and demographic change. This fascinating and groundbreaking book presents an accessible introduction to the field of anthropometric history, surveying the causes and consequences of changes in health and mortality, diet and the disease environment in Europe and the United States since 1700. It examines how we define and measure health and nutrition as well as key issues such as whether increased longevity contributes to greater productivity or, instead, imposes burdens on society through the higher costs of healthcare and pensions. The result is a major contribution to economic and social history with important implications for today's developing world and the health trends of the future.

An Economic History of Europe
  • Knowledge, Institutions and Growth, 600 to the Present
  • Karl Gunnar Persson
  • Published online:
    05 June 2012
    Print publication:
    28 January 2010
  • This concise and accessible introduction to European economic history focusses on the interplay between the development of institutions and the generation and diffusion of knowledge-based technologies. The author challenges the view that European economic history before the Industrial Revolution was constrained by population growth outstripping available resources. He argues instead that the limiting factor was the knowledge needed for technological progress but also that Europe was unique in developing a scientific culture and institutions which were the basis for the unprecedented technological progress and economic growth of the nineteenth and twentieth centuries. Simple explanatory concepts are used to explain growth and stagnation as well as the convergence of income over time whilst text boxes, figures, an extensive glossary and online exercises enable students to develop a comprehensive understanding of the subject. This is the only textbook students will need to understand Europe's unique economic development and its global context.

The British Industrial Revolution in Global Perspective
  • Robert C. Allen
  • Published online:
    05 June 2014
    Print publication:
    09 April 2009
  • Why did the industrial revolution take place in eighteenth-century Britain and not elsewhere in Europe or Asia? In this convincing new account Robert Allen argues that the British industrial revolution was a successful response to the global economy of the seventeenth and eighteenth centuries. He shows that in Britain wages were high and capital and energy cheap in comparison to other countries in Europe and Asia. As a result, the breakthrough technologies of the industrial revolution - the steam engine, the cotton mill, and the substitution of coal for wood in metal production - were uniquely profitable to invent and use in Britain. The high wage economy of pre-industrial Britain also fostered industrial development since more people could afford schooling and apprenticeships. It was only when British engineers made these new technologies more cost-effective during the nineteenth century that the industrial revolution would spread around the world.