Capital in the Nineteenth Century

Capital in the Nineteenth Century PDF Author: Robert E. Gallman
Publisher: University of Chicago Press
ISBN: 022663311X
Category : Business & Economics
Languages : en
Pages : 401

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Book Description
When we think about history, we often think about people, events, ideas, and revolutions, but what about the numbers? What do the data tell us about what was, what is, and how things changed over time? Economist Robert E. Gallman (1926–98) gathered extensive data on US capital stock and created a legacy that has, until now, been difficult for researchers to access and appraise in its entirety. Gallman measured American capital stock from a range of perspectives, viewing it as the accumulation of income saved and invested, and as an input into the production process. He used the level and change in the capital stock as proxy measures for long-run economic performance. Analyzing data in this way from the end of the US colonial period to the turn of the twentieth century, Gallman placed our knowledge of the long nineteenth century—the period during which the United States began to experience per capita income growth and became a global economic leader—on a strong empirical foundation. Gallman’s research was painstaking and his analysis meticulous, but he did not publish the material backing to his findings in his lifetime. Here Paul W. Rhode completes this project, giving permanence to a great economist’s insights and craftsmanship. Gallman’s data speak to the role of capital in the economy, which lies at the heart of many of the most pressing issues today.

Capital in the Nineteenth Century

Capital in the Nineteenth Century PDF Author: Robert E. Gallman
Publisher: University of Chicago Press
ISBN: 022663311X
Category : Business & Economics
Languages : en
Pages : 401

Get Book Here

Book Description
When we think about history, we often think about people, events, ideas, and revolutions, but what about the numbers? What do the data tell us about what was, what is, and how things changed over time? Economist Robert E. Gallman (1926–98) gathered extensive data on US capital stock and created a legacy that has, until now, been difficult for researchers to access and appraise in its entirety. Gallman measured American capital stock from a range of perspectives, viewing it as the accumulation of income saved and invested, and as an input into the production process. He used the level and change in the capital stock as proxy measures for long-run economic performance. Analyzing data in this way from the end of the US colonial period to the turn of the twentieth century, Gallman placed our knowledge of the long nineteenth century—the period during which the United States began to experience per capita income growth and became a global economic leader—on a strong empirical foundation. Gallman’s research was painstaking and his analysis meticulous, but he did not publish the material backing to his findings in his lifetime. Here Paul W. Rhode completes this project, giving permanence to a great economist’s insights and craftsmanship. Gallman’s data speak to the role of capital in the economy, which lies at the heart of many of the most pressing issues today.

Capital in the Twenty-First Century

Capital in the Twenty-First Century PDF Author: Thomas Piketty
Publisher: Harvard University Press
ISBN: 0674979850
Category : Business & Economics
Languages : en
Pages : 817

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Book Description
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.

Paris and the Nineteenth Century

Paris and the Nineteenth Century PDF Author: Christopher Prendergast
Publisher: Blackwell Publishing
ISBN: 9780631196945
Category : Literary Criticism
Languages : en
Pages : 283

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Book Description
Paris and the Nineteenth Century moves between social and cultural history, literature, painting and photography. At its heart lies a series of readings of major nineteenth century texts - by Balzac, Hugo, Baudelaire, Michelet, Flaubert, Zola, Valles, Laforgue and others. In each of these texts the city becomes a matter for and problem of representation. Prendergast concludes by sketching some perspectives which join the pre-modern Paris of the nineteenth century to the postmodern city of the late twentieth century.

Paris, Capital of Modernity

Paris, Capital of Modernity PDF Author: David Harvey
Publisher: Routledge
ISBN: 1135945861
Category : History
Languages : en
Pages : 385

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Book Description
Collecting David Harvey's finest work on Paris during the second empire, Paris, Capital of Modernity offers brilliant insights ranging from the birth of consumerist spectacle on the Parisian boulevards, the creative visions of Balzac, Baudelaire and Zola, and the reactionary cultural politics of the bombastic Sacre Couer. The book is heavily illustrated and includes a number drawings, portraits and cartoons by Daumier, one of the greatest political caricaturists of the nineteenth century.

Capitalism Takes Command

Capitalism Takes Command PDF Author: Michael Zakim
Publisher: University of Chicago Press
ISBN: 0226451097
Category : Business & Economics
Languages : en
Pages : 368

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Book Description
Most scholarship on nineteenth-century America’s transformation into a market society has focused on consumption, romanticized visions of workers, and analysis of firms and factories. Building on but moving past these studies, Capitalism Takes Command presents a history of family farming, general incorporation laws, mortgage payments, inheritance practices, office systems, and risk management—an inventory of the means by which capitalism became America’s new revolutionary tradition. This multidisciplinary collection of essays argues not only that capitalism reached far beyond the purview of the economy, but also that the revolution was not confined to the destruction of an agrarian past. As business ceaselessly revised its own practices, a new demographic of private bankers, insurance brokers, investors in securities, and start-up manufacturers, among many others, assumed center stage, displacing older elites and forms of property. Explaining how capital became an “ism” and how business became a political philosophy, Capitalism Takes Command brings the economy back into American social and cultural history.

Globalization and History

Globalization and History PDF Author: Kevin H. O'Rourke
Publisher: MIT Press
ISBN: 9780262650595
Category : Business & Economics
Languages : en
Pages : 364

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Book Description
Kevin O'Rourke and Jeffrey Williamson present a coherent picture of trade, migration, and international capital flows in the Atlantic economy in the century prior to 1914—the first great globalization boom, which anticipated the experience of the last fifty years. Globalization is not a new phenomenon, nor is it irreversible. In Gobalization and History, Kevin O'Rourke and Jeffrey Williamson present a coherent picture of trade, migration, and international capital flows in the Atlantic economy in the century prior to 1914—the first great globalization boom, which anticipated the experience of the last fifty years. The authors estimate the extent of globalization and its impact on the participating countries, and discuss the political reactions that it provoked. The book's originality lies in its application of the tools of open-economy economics to this critical historical period—differentiating it from most previous work, which has been based on closed-economy or single-sector models. The authors also keep a close eye on globalization debates of the 1990s, using history to inform the present and vice versa. The book brings together research conducted by the authors over the past decade—work that has profoundly influenced how economic history is now written and that has found audiences in economics and history, as well as in the popular press.

Planning Europe's Capital Cities

Planning Europe's Capital Cities PDF Author: Thomas Hall
Publisher: Routledge
ISBN: 1135829020
Category : Architecture
Languages : en
Pages : 568

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Book Description
During the nineteenth century many of Europe's capital cities were subject to major expansion and improvement schemes. From Vienna's Ringstrasse to the boulevards of Paris, the townscapes which emerged still shape today's cities and are an inalienable part of European cultural heritage. In Planning Europe's Capital Cities, Thomas Hall examines the planning process in fifteen of those cities and addresses the following questions: when and why did planning begin, and what problems was it meant to solve? who developed the projects, and how, and who made the decisions? what urban ideas are expressed in the projects? what were the legal consequences of the plans, and how did they actually affect subsequent urban development in the individual cities? what similarities or differences can be identified between the various schemes? how have such schemes affected the development of urban planning in general? His detailed analysis shows us that the capital city projects of the nineteenth century were central to the evolution of modern planning and of far greater impact and importance than the urban theories and experiments of the Utopians.

Capital in the Nineteenth Century

Capital in the Nineteenth Century PDF Author: Robert E. Gallman
Publisher: University of Chicago Press
ISBN: 022682103X
Category : Business & Economics
Languages : en
Pages : 400

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Book Description
Gives permanence and context to Gallman’s influential economic research on growth theory. When we think about history, we often think about people, events, ideas, and revolutions, but what about the numbers? What do the data tell us about what was, what is, and how things changed over time? Economist Robert E. Gallman (1926–98) gathered extensive data on US capital stock and created a legacy that has, until now, been difficult for researchers to access and appraise in its entirety. Gallman measured American capital stock from a range of perspectives, viewing it as the accumulation of income saved and invested, and as an input into the production process. He used the level and change in the capital stock as proxy measures for long-run economic performance. Analyzing data in this way from the end of the US colonial period to the turn of the twentieth century, Gallman placed our knowledge of the long nineteenth century—the period during which the United States began to experience per capita income growth and became a global economic leader—on a strong empirical foundation. Gallman’s research was painstaking and his analysis meticulous, but he did not publish the material backing to his findings in his lifetime. Here Paul W. Rhode completes this project, giving permanence to a great economist’s insights and craftsmanship. Gallman’s data speak to the role of capital in the economy, which lies at the heart of many of the most pressing issues today.

Strategic Factors in Nineteenth Century American Economic History

Strategic Factors in Nineteenth Century American Economic History PDF Author: Claudia Goldin
Publisher: University of Chicago Press
ISBN: 9780226301129
Category : Business & Economics
Languages : en
Pages : 502

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Book Description
Offering new research on strategic factors in the development of the nineteenth century American economy—labor, capital, and political structure—the contributors to this volume employ a methodology innovated by Robert W. Fogel, one of the leading pioneers of the "new economic history." Fogel's work is distinguished by the application of economic theory and large-scale quantitative evidence to long-standing historical questions. These sixteen essays reveal, by example, the continuing vitality of Fogel's approach. The authors use an astonishing variety of data, including genealogies, the U.S. federal population census manuscripts, manumission and probate records, firm accounts, farmers' account books, and slave narratives, to address collectively market integration and its impact on the lives of Americans. The evolution of markets in agricultural and manufacturing labor is considered first; that concerning capital and credit follows. The demography of free and slave populations is the subject of the third section, and the final group of papers examines the extra-market institutions of governments and unions.

The Merchants' Capital

The Merchants' Capital PDF Author: Scott P. Marler
Publisher: Cambridge University Press
ISBN: 1107354722
Category : History
Languages : en
Pages : 335

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Book Description
As cotton production shifted toward the southwestern states during the first half of the nineteenth century, New Orleans became increasingly important to the South's plantation economy. Handling the city's wide-ranging commerce was a globally oriented business community that represented a qualitatively unique form of wealth accumulation - merchant capital - that was based on the extraction of profit from exchange processes. However, like the slave-based mode of production with which they were allied, New Orleans merchants faced growing pressures during the antebellum era. Their complacent failure to improve the port's infrastructure or invest in manufacturing left them vulnerable to competition from the fast-developing industrial economy of the North, weaknesses that were fatally exposed during the Civil War and Reconstruction. Changes to regional and national economic structures after the Union victory prevented New Orleans from recovering its commercial dominance, and the former first-rank American city quickly devolved into a notorious site of political corruption and endemic poverty.