Vera Zamagni provides a new economic history of Europe from the birth of industrialization through to the financial crisis of 2007/08 and its aftermath. The remarkable story of European economic growth is set within the wider context of world economic progress and alongside developments in Asia, Eastern Europe and the United States to provide an up-to-date survey suitable for course use. The book begins by outlining the economic landscape of the late middle ages before exploring the process of European industrialization that began with Europe's first industrial nation, Britain. How the British model (particularly the role of the State within it) was replicated throughout Europe is examined. The reasons for the relative decline of the UK and the rise of the US and Japanese economies towards the end of the nineteenth century and the birth of global finance are explored. The economic impact of world war and revolution is assessed and the first global economic crisis investigated before Europe was plunged into war again. European reconstruction and integration is analyzed alongside the decline of Russia and the rise of the Asian economies. The book ends with an assessment of the impact of the global crash of 2007/08 and the subsequent crisis of the Eurozone. Throughout, the book reveals how the peculiarities of European civilization - its social and economic institutions and its values - triggered economic progress. That these same structures are now under threat makes Zamagni's history particularly pertinent.
An Economic History of Europe
Author: Karl Gunnar Persson, Paul Sharp
Publisher: Cambridge University Press
Second edition of leading textbook on European economic history, updated throughout and with new coverage of post-financial crisis Europe.
Covering territory from Russia in the east to Germany and Austria in the west, The Routledge History of East Central Europe since 1700 explores the origins and evolution of modernity in this turbulent region. This book applies fresh critical approaches to major historical controversies and debates, expanding the study of a region that has experienced persistent and profound change and yet has long been dominated by narrowly nationalist interpretations. Written by an international team of contributors that reflects the increasing globalization and pluralism of East Central European studies, chapters discuss key themes such as economic development, the relationship between religion and ethnicity, the intersection between culture and imperial, national, wartime, and revolutionary political agendas, migration, women’s and gender history, ideologies and political movements, the legacy of communism, and the ways in which various states in East Central Europe deployed and were formed by the politics of memory and commemoration. This book uses new methodologies in order to fundamentally reshape perspectives on the development of East Central Europe over the past three centuries. Transnational and comparative in approach, this volume presents the latest research on the social, cultural, political and economic history of modern East Central Europe, providing an analytical and comprehensive overview for all students of this region.
"Setting European economic development within a unified, comparative and genuinely pan-European framework, this textbook surveys the transition to modern economic growth since 1700. Leading authors cover the major themes of modern economic history and compare economic development across countries in a clear and comprehensible way"--Provided by publisher.
First published in 1993. Routledge is an imprint of Taylor & Francis, an informa company.
War, Power and the Economy contains a comparative history of Great Britain, France and Spain, the three rival empires of the 1700s. It explores how the states prepared for war, what kind of economic means they had, what institutional changes they implemented, and how efficient this was. As such, the book presents the first comparative synthesis aiming to understand the outcome of the global confrontation in the eighteenth century. Faced with the challenge of paying for new and more costly wars, some countries found flexible ways to get more money and better supplies, whereas others did not. The development of freer colonial markets, the increase of consumption and its taxation, the problems of venal administration or the different systems of patronage with contractors, are some of the factors explaining the divergences that were made clear by 1815. This book explores political and economic dimensions of the eighteenth-century European state in order to explain why and how changes in power as an outcome of war depended upon the available means and the way they were obtained and used. The book takes the idea that making war or preparing for it obliged governments to make important changes in their institutions, so that during the eighteenth century the state in many ways formed itself through war efforts. Ultimately, this study aims to show how closely political and military success was entwined with economic interests. This volume is of great interest to those who study economic history, political economy and European history.
A Culture of Growth
Author: Joel Mokyr
Publisher: Princeton University Press
During the late eighteenth century, innovations in Europe triggered the Industrial Revolution and the sustained economic progress that spread across the globe. While much has been made of the details of the Industrial Revolution, what remains a mystery is why it took place at all. Why did this revolution begin in the West and not elsewhere, and why did it continue, leading to today's unprecedented prosperity? In this groundbreaking book, celebrated economic historian Joel Mokyr argues that a culture of growth specific to early modern Europe and the European Enlightenment laid the foundations for the scientific advances and pioneering inventions that would instigate explosive technological and economic development. Bringing together economics, the history of science and technology, and models of cultural evolution, Mokyr demonstrates that culture—the beliefs, values, and preferences in society that are capable of changing behavior—was a deciding factor in societal transformations. Mokyr looks at the period 1500–1700 to show that a politically fragmented Europe fostered a competitive "market for ideas" and a willingness to investigate the secrets of nature. At the same time, a transnational community of brilliant thinkers known as the “Republic of Letters” freely circulated and distributed ideas and writings. This political fragmentation and the supportive intellectual environment explain how the Industrial Revolution happened in Europe but not China, despite similar levels of technology and intellectual activity. In Europe, heterodox and creative thinkers could find sanctuary in other countries and spread their thinking across borders. In contrast, China’s version of the Enlightenment remained controlled by the ruling elite. Combining ideas from economics and cultural evolution, A Culture of Growth provides startling reasons for why the foundations of our modern economy were laid in the mere two centuries between Columbus and Newton.
For a long time guilds have been condemned as a major obstacle to economic progress in the pre-industrial era. This re-examination of the role of guilds in the early modern European economy challenges that view by taking into account fresh research on innovation, technological change and entrepreneurship. Leading economic historians argue that industry before the Industrial Revolution was much more innovative than previous studies have allowed for and explore the different products and production techniques that were launched and developed in this period. Much of this innovation was fostered by the craft guilds that formed the backbone of industrial production before the rise of the steam engine. The book traces the manifold ways in which guilds in a variety of industries in Italy, Austria, Germany, Switzerland, France, Belgium, the Netherlands, and Britain helped to create an institutional environment conducive to technological and marketing innovations.
An Economic History of Europe provides students with a comprehensive introduction to European economic history from the fifteenth century to the present day. Individual chapters offer brief references to previous historical periods and events, with special attention given to core themes concerning economic development, and an analysis of their change through time and space. Core themes examined in each period include: the increasing prominence of industry international trade demand and supply dynamics agriculture. The unique structure of this text enables students not only to gain a firm grounding in the long-term evolution of the European economy, but also provides an historical overview of the economic development of individual countries. Individual contributors analyze the shift from the modern to the contemporary period and offer a broad explanation of the historical roots of the problems that face today's economic development. This key text is indispensable reading for students in economics, economic history, development economics and history.
The gap between the rich and the poor can be vast. Robert C. Allen considers the main factors that contribute to this gap, looking at the interconnections between economic growth, culture, technology, and income distribution. Exploring the historical processes that have created the unequal world of today, he takes a global look at wealth worldwide.
The first comprehensive study of China's economic development across 3,000 years of history to be published in English.