An Economic History of Malaysia, c. 1800–1900: The Transition to Modern Economic Growth. By John Drabble. New York: St. Martin's Press, 2000. x, 320 pp. $75.00.

2001 ◽  
Vol 60 (2) ◽  
pp. 607-608
Author(s):  
Craig A. Lockard

A new economic history of Italy since the country's political unification in 1861. New data and interpretations by leading international economic historians and brilliant young Italian economists to reconsider the relatively little-known story of a latecomer to "modern economic growth", who rapidly caught up with the advanced Western countries. Fresh research includes: a new set of national accounts covering the entire period 1861-2011, standard of living indicators (including income distribution from the late nineteenth century onward), productivity levels and growth rates, human and social capital, migrations, real exchange rates and changes in comparative advantages, firm size, patents, the evolution of public debt, measures and explanations of the regional divide, the allocation of credit, and data on the changing efficiency of the administrative system. The book takes a strong comparative stance to illuminate the traits of Italy's growth pattern that are common to the Western experience of "modern economic growth" and those that are idiosyncratic to the Peninsula, as well as to see how and when this medium-sized open economy successfully rode the expansionary waves of the world economy. In this vein, the book explains the rapid catch-up growth during both the pre-1914 first globalization and the second post-war "golden age" of Western capitalism, as well as the less satisfactory performances in the first decades after unification and during the recent "second globalization".


1964 ◽  
Vol 23 (3) ◽  
pp. 377-381 ◽  
Author(s):  
Sydney Crawcour

The fact that England, the home of the Industrial Revolution and modern economic growth, was also a leading shipping and trading nation, at one time prompted the notion that flourishing overseas trade and modern economic growth are somehow related. There are, of course, plenty of examples in European history of once flourishing trading nations which failed to industrialize. Spain, Portugal, the Hanseatic ports, and the Italian trading cities never became centres of industry. Moreover, such comparatively industrialized areas as Czechoslovakia and Prussia were not leading trading centres.


2011 ◽  
Vol 49 (4) ◽  
pp. 1234-1237

Stephen L. Parente of University of Illinois at Urbana-Champaign reviews “Bourgeois Dignity: Why Economics Can't Explain the Modern World” by Deirdre N. McCloskey. The EconLit abstract of the reviewed work begins, “Presents an alternate perspective on the story of modern economic growth focusing on the ideas and rhetoric surrounding markets and innovation. Provides critiques of commonly held beliefs and stories about economic history. McCloskey is Distinguished Professor of Economics, History, English, and Communication at the University of Illinois, Chicago. Index.”


Capitalisms ◽  
2020 ◽  
pp. 128-151
Author(s):  
David Washbrook

The concept of capitalism has always been subject to multiple meanings. The definition adopted in The Cambridge History of Capitalism is particularly broad. It makes ‘capitalism’ difficult to distinguish from sustained economic growth and/or progress towards modern economic growth. It also obscures the relationship of labour to capital and promotes the national economy as the natural arena in which discrete histories of capitalism should be written. However, in the case of India, there are other angles to consider. If labour were given a central role in the definition of ‘capitalism’, a very different set of issues becomes apparent. Moreover, if capitalism were understood, from the first, as a transnational set of forces, India’s supposed marginality in its genesis becomes illusory. India played a key strategic role in the evolution of the global capitalist system enmeshed in the British Empire. This essay explores these other sides of capitalism’s history in India.


2021 ◽  
Vol 59 (3) ◽  
pp. 1036-1038

Albrecht Ritschl of Economic History Department London School of Economics and Political Science reviews “From Old Regime to Industrial State: A History of German Industrialization from the Eighteenth Century to World War I” by Richard H. Tilly and Michael Kopsidis. The Econlit abstract of this book begins: “Analyzes Germany's transition to modern economic growth, tracing the institutional roots of German industrialization from the eighteenth century to 1914.”


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