The book discusses how culture simultaneously shapes and is shaped by the economy. Over the past few years, as the world has staggered from one financial crisis to another, the neat separation of economics and culture has been consistently challenged. To understand the current state of affairs, it has become increasingly necessary to understand the conjuncture that rules the production of value…
One of the biggest debates in economic history deals with the Great Divergence. How can we explain that at a certain moment in time (the eighteenth and nineteenth centuries) a certain part of the world (the West) escaped from general poverty and became much richer than it had ever been before and than the rest of the world? Many prominent scholars discussed this question and came up with many d…
Cities are gaining importance and influence worldwide. They sustain the global economy, set cultural trends, produce greenhouse gas emissions and consume energy; they attract migration flows and foster new political waves. While cities were supposed to be declining back in the 1980s, the globalised economy has established them as crucial world hubs leading billions of people on every continent,…
Who are the dominant owners of US public debt? Is it widely held, or concentrated in the hands of a few? Does ownership of public debt give these bondholders power over our government? What do we make of the fact that foreign-owned debt has ballooned to nearly 50 percent today? Until now, we have not had any satisfactory answers to these questions. Public Debt, Inequality, and Power is the firs…
A classic text long out of print, Slavery in the Circuit of Sugar traces the historical development of slave labor and plantation agriculture in Martinique during the period immediately preceding slave emancipation in 1848. Interpreting these events against the broader background of the world-economy, Dale W. Tomich analyzes the importance of topics such as British hegemony in the nineteenth ce…
One of the most original and prolific economists of the twentieth century, Joan Robinson (1903–83) is widely regarded as the most important woman in the history of economic thought. Robinson studied economics at Cambridge University, where she made a career that lasted some fifty years. She was an unlikely candidate for success at Cambridge. A young woman in 1930 in a university dominated by …
Cloth has always been the most global of all traded commodities. It is an illuminating example of the circulation of goods, skills, knowledge and capital across wide geographic spaces. South Asia has been central to the making of these global exchanges over time. This volume presents innovative research that explores the dynamic ways in which diverse textile production and trade regions generat…
Most, if not all of the global biogeochemical cycles on the earth have been broken or are at dangerous tipping points. These broken cycles have expressed themselves in various forms as soil degradation and depletion, ocean acidification, global warming and climate change. The best proposal for an organic solution to fixing the myriad broken cycles is a deliberate investment in solutions that fi…
Is science a 'market of ideas'? Not according to the economics of science. Science is competitive, but scientific competition is not market competition. Nor is scientific competition the same as competition between universities. Scientific competition is, first of all, competition between individual scientists. Current science policies shift the boundary between scientific competition, where sc…
The decline in birth rates in advanced economies is not a new phenomenon. Between 1880 and 1900 birth rates dropped from 5.5 children per woman to 2.5 children per woman. A further decline from 2.5 to 1.5 or even 1.3 children took much longer – about 80 years. One of the most apparent causes is, however, widely ignored. Beatrice Scheubel tries to fill this gap. According to the so-called…