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The Rise of Planning in Industrial America, 1865-1914

2012-03-29 Business & Economics
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Release : 2012-03-29
Genre : Business & Economics
Kind : eBook
Book Rating : 703/5 ( reviews)

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Book Synopsis The Rise of Planning in Industrial America, 1865-1914 by : Richard Adelstein

Download or read book The Rise of Planning in Industrial America, 1865-1914 written by Richard Adelstein. This book was released on 2012-03-29. Available in PDF, EPUB and Kindle. Book excerpt: Central economic planning is often associated with failed state socialism, and modern capitalism celebrated as its antithesis. This book shows that central planning is not always, or even primarily, a state enterprise, and that the giant industrial corporations that dominated the American economy through the twentieth century were, first and foremost, unprecedented examples of successful, consensual central planning at a very large scale.

Natural Resources and Economic Growth

2015-05-22 Business & Economics
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Release : 2015-05-22
Genre : Business & Economics
Kind : eBook
Book Rating : 185/5 ( reviews)

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Book Synopsis Natural Resources and Economic Growth by : Marc Badia-Miró

Download or read book Natural Resources and Economic Growth written by Marc Badia-Miró. This book was released on 2015-05-22. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between natural capital and economic growth is an open debate in the field of economic development. Is an abundance of natural resources a blessing or a curse for economic performance? The field of Economic History offers an excellent vantage to explore the relevance of institutions, technical progress and supply-demand drivers. Natural Resources and Economic Growth contains theoretical and empirical articles by leading scholars who have studied this subject in different historical periods from the 19th century to the present day and in different parts of the world. Part I presents the theoretical issues and discusses the meaning of the "curse" and the relevance of the historical perspective. Part II captures the diversity of experiences, presenting thirteen independent case studies based on historical results from North and South America, Africa, Asia, Oceania and Europe. This book emphasizes that an abundance of natural resources is not a fixed situation. It is a process that reacts to changes in the structure of commodity prices and factor endowments, and progress requires capital, labour, technical change and appropriate institutional arrangements. This abundance is not a given, but is part of the evolution of the economic system. History shows that institutional quality is the key factor to deal with abundant natural resources and, especially, with the rents derived from their use and exploitation. This wide ranging volume will be of great relevance to all those with an interest in economic history, development, economic growth, natural resources, world history and institutional economics.

Labour-Intensive Industrialization in Global History

2013-09-13 Business & Economics
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Release : 2013-09-13
Genre : Business & Economics
Kind : eBook
Book Rating : 811/5 ( reviews)

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Book Synopsis Labour-Intensive Industrialization in Global History by : Gareth Austin

Download or read book Labour-Intensive Industrialization in Global History written by Gareth Austin. This book was released on 2013-09-13. Available in PDF, EPUB and Kindle. Book excerpt: The prevailing view of industrialization has focussed on technology, capital, entrepreneurship and the institutions that enabled them to be deployed. Labour was often equated with other factors of production, and assigned a relatively passive role. Yet it was labour absorption and the improvement of the quality of labour over the course of several centuries that underscored the timing, pace and quality of global industrialization. While science and technology developed in the West and whereas the use of fossil fuels, especially coal and oil, were vital to this process, the more recent history has been underpinned by the development of comparatively resource- and energy-saving technology, without which the diffusion of industrialization would not have been possible. The labour-intensive, resource-saving path, which emerged in East Asia under the influence of Western technology and institutions, and is diffusing across the world, suggests the most realistic route humans could take for a further diffusion of industrialization, which might respond to the rising expectations of living standards without catastrophic environmental degradation.

Innovation and Technological Diffusion

2015-10-23 Business & Economics
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Release : 2015-10-23
Genre : Business & Economics
Kind : eBook
Book Rating : 880/5 ( reviews)

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Book Synopsis Innovation and Technological Diffusion by : Harry Kitsikopoulos

Download or read book Innovation and Technological Diffusion written by Harry Kitsikopoulos. This book was released on 2015-10-23. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with two key aspects of the history of steam engines, a cornerstone of the Industrial Revolution, specifically the road that led to its discovery and the process of diffusion of the early steam engines. The first part of the volume outlines the technological and scientific developments which took place between the 16th and 18th centuries, proving critical for the invention of this strategic technology. The most important question addressed is why did England come up with this innovation first as opposed to other countries (e.g., France, Italy), which were more advanced in terms of knowledge pertinent to it. The second part of the volume traces the process of diffusion of the early steam engines, the Newcomen model, through to 1773, the year prior to the first commercial application of the second generation of steam engines (the Watt model). The process of diffusion is quantified on the basis of a novel method before proceeding with a discussion of the main determinants of this process. Kitsikopoulos pulls together a large amount of relevant evidence found in primary sources and more technically oriented literature which is often ignored by economic historians. This book will be of interest to economic historians and historians of technology.

Central Banking in a Democracy

2014-10-17 Business & Economics
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Release : 2014-10-17
Genre : Business & Economics
Kind : eBook
Book Rating : 312/5 ( reviews)

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Book Synopsis Central Banking in a Democracy by : John H. Wood

Download or read book Central Banking in a Democracy written by John H. Wood. This book was released on 2014-10-17. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Reserve System, which has been Congress’s agent for the control of money since 1913, has a mixed reputation. Its errors have been huge. It was the principal cause of the Great Depression of the 1930s and the inflation of the 1970s, and participated in the massive bailouts of financial institutions at taxpayers' expense during the recent Great Recession. This book is a study of the causes of the Fed’s errors, with lessons for an improved monetary authority, beginning with an examination of the history of central banks, in which it is found that their performance depended on their incentives, as is to be expected of economic agents. An implication of these findings is that the Fed’s failings must be traced to its institutional independence, particularly of the public welfare. Consequently, its policies have been dictated by special interests: financial institutions who desire public support without meaningful regulation, as well as presidents and those portions of Congress desiring growing government financed by inflation. Monetary stability (which used to be thought the primary purpose of central banks) requires responsibility, meaning punishment for failure, instead of a remote and irresponsible (to the public) agency such as the Fed. It requires either private money motivated by profit or Congress disciplined by the electoral system as before 1913. Change involving the least disturbance to the system suggests the latter.

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