Economic Evolution and Revolution in Historical Time
Economic Evolution and Revolution in Historical Time
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Abstract
This book challenges the static, ahistorical models on which economics continues to rely. These models presume that markets operate on a “frictionless” plane where abstract forces play out independent of their institutional and spatial contexts, and of the influences of the past. In reality, at any point in time exogenous factors are themselves outcomes of complex historical processes, and are shaped by institutional and spatial contexts, which are “carriers of history,” including past economic dynamics and market outcomes. To examine the connections between gradual, evolutionary change and more dramatic, revolutionary shifts, the text takes on a wide array of historically salient economic questions—ranging from how formative, European encounters reconfigured the political economies of indigenous populations in Africa, the Americas, and Australia to how the rise and fall of the New Deal order reconfigured labor market institutions and outcomes in the twentieth-century United States. These explorations are joined by a common focus on formative institutions, spatial structures, and market processes. Through historically informed economic analyses, contributors recognize the myriad interdependencies among these three frames, as well as their distinct logics and temporal rhythms.
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Front Matter
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1
The Stanford Tradition in Economic History
Gavin Wright
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Part One Evolutionary Processes in Economics
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2
Natural Resources and Economic Outcomes
Karen Clay
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3
The Institutionalization of Science in Europe, 1650–1850
George Grantham
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4
The Fundamental Impact of the Slave Trade on African Economies
Warren C. Whatley andRob Gillezeau
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5
Similar Societies, Different Solutions: U.S. Indian Policy in Light of Australian Policy toward Aboriginal Peoples
Leonard A. Carlson
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2
Natural Resources and Economic Outcomes
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Part Two Spatial Processes and Comparative Development
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6
Financial Market and Industry Structure: A Comparison of the Banking and Textile Industries in Boston and Philadelphia in the Early Nineteenth Century
Ta-Chen Wang
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7
Railroads and the Rise of the Factory: Evidence for the United States, 1850–1870
Jeremy Atack and others
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8
Productivity Growth and the Regional Dynamics of Antebellum Southern Development
Alan L. Olmstead andPaul W. Rhode
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9
Banking on the Periphery: The Cotton South, Systemic Seasonality, and the Limits of National Banking Reform
Scott A. Redenius andDavid F. Weiman
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10
Rural Credit and Mobility in India
Susan Wolcott
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6
Financial Market and Industry Structure: A Comparison of the Banking and Textile Industries in Boston and Philadelphia in the Early Nineteenth Century
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Part Three Revolution in Labor Markets
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11
Labor-Market Regimes in U.S. Economic History
Joshua L. Rosenbloom andWilliam A. Sundstrom
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12
The Political Economy of Progress: Lessons from the Causes and Consequences of the New Deal
Robert K. Fleck
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13
Teachers and Tipping Points: Historical Origins of the Teacher Quality Crisis
Stacey M. Jones
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14
Inequality and Institutions in Twentieth-Century America
Frank Levy andPeter Temin
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15
The Unexpected Long-Run Impact of the Minimum Wage: An Educational Cascade
Richard Sutch
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16
America's First Culinary Revolution, or How a Girl from Gopher Prairie Came to Dine on Eggs Fooyung
Susan B. Carter
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11
Labor-Market Regimes in U.S. Economic History
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End Matter
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