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. They 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.
Publisher: Stanford University Press
Number of pages: 488
Weight: 748 g
Dimensions: 229 x 152 x 33 mm
"A wonderfully diverse collection of first-rate articles by some of the best economic historians around." -- Joel Mokyr * Northwestern University *
"Paul Rhode, Joshua Rosenbloom, and David Weiman . . . start with a tremendous advantage in that the scholar they honor, Gavin Wright, is one of the true greats in [economics]. Wright's research is remarkable for both its scope and its diversity of method, and the editors have put together a volume that shares these qualities." -- Carolyn M. Moehling * EH.Net *
"This volume constitutes a bold and refreshing contribution to the field of economic history. The high quality essays included are as exciting as they are important." -- Peter A. Coclanis * University of North Carolina at Chapel Hill *
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