I am a professor of history at Western University in London, Ontario, Canada. I have written about the history of international organizations, international trade, the British Commonwealth, and Canada in the world. Although these topics have taken me in different directions, I have always examined the political currents that run through them. Politics emerge in relation to ideology, policymaking, leadership, norms, values, interests, identity, international relations, and global governance. I have been especially interested in connecting economics and politics. Many scholars write about trade policies, organizations, and negotiations as though they are technical and narrowly economic when they are agents, instruments, and expressions of international politics.
This book shows how trade has long connected people and societies all over the world, from miners in Potosi, to coffee growers in Yemen, and traders and shippers from Fujian.
Topik and Pomeranz reject a Eurocentric approach to the history of international trade and they put real people back into the story. The engaging vignettes in this collection are not primarily about politics, but they make clear why trade is political and polarizing.
The workings of international trade powerfully affected people’s lives, for better and for worse, and so people reacted strongly to trade, as committed champions and tireless opponents.
The World That Trade Created brings to life the history of trade and its actors. In a series of brief, highly readable vignettes, filled with insights and amazing facts about things we tend to take for granted, the authors uncover the deep historical roots of economic globalization.
Covering over seven hundred years of history, this book, now in its fourth edition, takes the reader around the world from the history of the opium trade to pirates, to the building of corporations and migration to the New World. The chapters are grouped thematically, each featuring an introductory essay designed to synthesize…
I've always been fascinated with history. The study of economic history allows me to combine my passion for understanding the past with a rigorous and systematic set of analytical tools. In my own work I'm interested in understanding the economic, political, and institutional transformations that have created the modern world. The books I've selected here help us better understand quite how different the past and they have proven to be invaluable to me as inspirations.
Patricia Crone was an expert on the history of early Islam and attracted a lot of controversy for her views on Mecca and Mohamad.Pre-Industrial Societies is a brief, readable portrait of how preindustrial societies functioned. It isn't based on primary sources or archival evidence; there are no footnotes or endnotes, and the referencing is light; really it is a textbook.
What makes it valuable is that unlike many historians, Crone isn't afraid to generalize and to draw on the ideas of social scientists. She packs in an amazing amount of analyze into a very short book and roams across entirety of world history.
If I could only recommend one book to students interested in how societies functioned in the past, it might be this book!
Eminent historian Patricia Crone defines the common features of a wide range of pre-industrial societies, from locations as seemingly disparate as the Mongol Empire and pre-Columbian America, to cultures as diverse as the Ming Dynasty and seventeenth-century France. In a lucid exploration of the characteristics shared by these societies, the author examines such key elements as economic organization, politics, culture, and the role of religion. An essential introductory text for all students of history, Pre-Industrial Societies provides readers with all the necessary tools for gaining a substantial understanding of life in pre-modern times. In addition, as a perceptive insight into…
Peter Temin is an economist and economic historian, currently a professor at MIT and the former head of the Economics Department. His research interests include macroeconomic history, the Great Depression, industry studies in both the nineteenth and twentieth centuries, and ancient Rome.
I love this book for two reasons. It condenses a massive amount of economic history into a small book, and it shows how our unequal societies are backtracking to older models of the economy.
I have been studying, writing, and teaching economic history for nearly four decades. I was drawn to the field because it let me combine my passion for understanding how the past and present are connected with my fascination with the insights derived from the natural sciences. When I started studying economic history, the discipline was still relatively new, having grown out of pioneering research in the 1950s and 1960s by a small band of innovative scholars. During my career, I have met many of these intellectual giants personally, and I have watched the discipline of economic history mature and grow in both its methods and intellectual scope.
The British Industrial Revolution is the single most important event in shaping the modern world. Since 1800 the standard of living in Western Industrial nations has increased nearly 40-fold, and in the last half-century, this prosperity has spread more widely. Writing in an engaging style, Clark offers a unique and provocative account of these changes and their causes.
Why are some parts of the world so rich and others so poor? Why did the Industrial Revolution - and the unprecedented economic growth that came with it - occur in eighteenth-century England, and not at some other time, or in some other place? Why didn't industrialization make the whole world rich - and why did it make large parts of the world even poorer? In "A Farewell to Alms", Gregory Clark tackles these profound questions and suggests a new and provocative way in which culture - not exploitation, geography, or resources - explains the wealth, and the poverty, of…
Did you know a song by Eddie Cantor triggered the Great
Depression?
I was taking Coursera’s free online course on narrative economics with
Yale professor Robert Shiller, who was dishing insights like the above when my
thirst for even more on the topic was triggered.
I had loved Daniel Kahneman’s Thinking,
Fast and Slow concerning behavioral economics and was getting the sense
that Shiller’s narrative economics work might be just as Nobel Prize-worthy. If
Shiller does get a Nobel nomination or win, this book will let you nod your
head knowingly when it happens.
Not only is Shiller’s premise of narratives
driving the economy compelling, but he also gives super-engaging evidence in the
form of stories and research. Jaw-dropping examples (like the Cantor story)
await you in this book.
From Nobel Prize-winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events-and why financial panics can spread like epidemic viruses
Stories people tell-about financial confidence or panic, housing booms, or Bitcoin-can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril-and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular…
We teamed up about fifteen years ago around a common interest in the political economy of North Korea; Haggard is a political scientist, Noland an economist. Both of us had spent our careers focused on Asia but looking largely at the capitalist successes: Japan and the newly industrializing countries of Korea, Taiwan, and Southeast Asia. But what about the anomalous cases in the region that did not get on the growth train? The “Asian miracle” was hardly ubiquitous…what had gone wrong? North Korea was clearly the biggest puzzle, and we ended up researching and writing on the famine, refugees, and the complexities of international sanctions.
For those with some economics background and willing to do their homework, Kim’s book is the state of the art. He has sorted through all the shards of data out there—on prices, output, and trade--and pulled them together into a compelling mosaic. Of particular interest is his discussion of possible transition paths--were the regime to change course--as well as the possibility that the system might come crashing down altogether.
North Korea is one of the most closed and secretive societies in the world. Despite a high level of interest from the outside world, we have very little detailed information about how the country functions economically. In this valuable book for both the academic and policy-making circles, Byung-Yeon Kim offers the most comprehensive and systematic analysis of the present day North Korean economy in the context of economic systems and transition economics. It addresses what is really happening in the North Korean economy, why it has previously failed, and how the country can make the transition to a market economy.…
The events/developments that unsettle international politics of the Gulf are two kinds: internal and external to the region. Yet, no matter whether it is internal or external, its consequences concern us all, no matter where we live in. What happens in the Gulf does not stay in the Gulf. It unleashes ripple effects that reach directly or indirectly into our pockets and hence our lives. I am one of them and a non-resident scholar in the Middle East Institute, broadly speaking, writing on Turkey, the Persian/Arab Gulf, and the Middle East.
Security is the prime issue in the international politics of the Gulf. Not just in the narrow military sense. In the broadest sense too. This book takes a comprehensive and in-depth look at the multitude of risks the Arab Gulf states faces, not only military kind (read Iran), but also food and water, environment and climate, sustaining standards of living in the face of a multitude of economic challenges and potential regional state failures. This book is unquestionably a must-read to have a deeper understanding of the complexity of problems the Arab Gulf states have to resolve, some of which are unique to the Gulf, some are not. It will be epic to survive them.
Increasingly long-term, nonmilitary challenges have remade security concerns in the Persian Gulf. The protection of food, water, and energy, the management and mitigation of environmental degradation and climate change, demographic pressures and the youth boom, the reformulation of structural deficiencies, and the fallout from progressive state failure in Yemen all require a broad, global, and multidimensional approach to achieving security in the Gulf. While traditional threats from Iraq and Iran, nuclear proliferation, and transnational terrorism remain robust, new challenges could potentially destabilize the redistributive mechanisms of state and society in the Arab oil monarchies. Insecure Gulf explores this new reality,…
After college, I studied economics and law. Working in antitrust lets me use what I’ve learned about both fields. I’ve been a professor at a law school and a business school and worked on competition issues while serving in senior government positions in multiple federal agencies, including both antitrust agencies. I also like working in antitrust because fostering competition is important to our economy. Competition encourages firms to pursue success by developing and selling better and cheaper products and services, not by coordinating with their rivals or trying to exclude them. And I like antitrust because the cases can involve any industry—I might learn about baby food one day and digital platforms the next.
This is a wide-ranging, thought-provoking, accessible, informed, lively, and convincing economic history of the “long” 20th century (1870 to 2010).
Among its many narratives, the book shows how “thirty glorious years of social democracy” ended around 1975 when the U.S. and other economies in the global north took “the neoliberal turn” in favor of relying more on the market to organize society.
That history is essential context for understanding why the U.S. Supreme Court, beginning in the late 1970s and 1980s, relaxed the “structural era” antitrust rules in place since the 1940s, which had emphasized skepticism about growing concentration and the conduct of large firms in concentrated markets.
The book also emphasizes the importance of technology-driven economic growth for human well-being. That perspective helps make the case today for economic policies that promote competition among firms, which fosters productivity and growth.
From one of the world's leading economists, a grand narrative of the century that made us richer than ever, yet left us unsatisfied. Before 1870, humanity lived in dire poverty, with a slow crawl of invention offset by a growing population. Then came a great shift: invention sprinted forward, doubling our technological capabilities each generation and utterly transforming the economy again and again. Our ancestors would have presumed we would use such powers to build utopia, but it was not so. When 1870-2010 ended, the world instead saw global warming, economic depression, uncertainty, inequality, and broad rejection of the status…
I began this veil as a mathematics major and a first generation college student. It was not easy and I had no great plans or ambitions. I was good at math. But as I read books like these, and many others, I changed my horizons altogether, saw a place for myself and a purpose previously lacking. Economic History resembles my first love of math, but with persons and human behavior included. The latter is endlessly fascinating, as is the tendency of “experts” to misread and make broad assumptions that I, ever skeptical, wish to test where I can. I like being engaged intellectually for its own sake, and, from books like Tristram Shandy, have always endeavored to take my work seriously, but not myself as a human being.
The book is, like the others I have recommended, decidedly distinctive and untraditional. It traces the convoluted history of capitalist thought prior to its advent (which is itself the subject of ceaseless debate). Reducing forces to “passion” and “order” made me look at a complicated subject in a new way.
In this volume, Albert Hirschman reconstructs the intellectual climate of the seventeenth and eighteenth centuries to illuminate the intricate ideological transformation that occurred, wherein the pursuit of material interests--so long condemned as the deadly sin of avarice--was assigned the role of containing the unruly and destructive passions of man. Hirschman here offers a new interpretation for the rise of capitalism, one that emphasizes the continuities between old and new, in contrast to the assumption of a sharp break that is a common feature of both Marxian and Weberian thinking. Among the insights presented here is the ironical finding that capitalism…
I am an English professor, and for the past decade I’ve focused my attention on the fiction that is money. I’ve also been a magazine writer for many years and came to money by a circuitous route – through writing about food, which led to writing about global hunger, which in turn led to writing about how food gets its price, which finally and lastly led me to the strange ways of Wall Street – options, futures, and the idea that money can be manipulated into a story, a narrative, or as we say in English departments, a plot.
This is an academic book, but don’t let it scare you. As for me – it blew my mind! I had no idea of the level of economic sophistication and advance of Medieval Europe. Lopez explains in extraordinary detail the time period when our modern conception of money—as debt, as mortgage, as loans, and as an international object of commerce—was born.
Professor Robert Lopez provides an incisive analysis of the economic structure of the Middle Ages. He makes use of modern economic concepts to explain how an underdeveloped economic system gave birth to the commercial revolution through which Europe succeeded in developing itself. The book goes far beyond the familiar picture of medieval European society, with its magnificent cathedrals and imposing castles, to concentrate instead on the walled cities and open countryside, for it was here that the revolution was born. Deftly and concisely, Professor Lopez traces the history of this remarkable economic upheaval which saw the rise of merchants and…
