In this 1999 book, Karl Gunnar Persson surveys a broad sweep of economic history, examining one of the most crucial markets - grain. His analysis allows him to draw more general lessons, for example that liberalization of markets was linked to political authoritarianism. Grain Markets in Europe traces the markets' early regulation, their poor performance and the frequent market failures. Price volatility caused by harvest shocks was of major concern for central and local government because of the unrest it caused. Regulation became obsolete when markets became more integrated and performed better through trade triggered by falling transport costs. Persson, a specialist in economic history, uses insights from development economics, explores contemporary economic thought on the advantages of free trade, and measures the extent of market integration using the latest econometric methods. Grain Markets in Europe will be of value to scholars and students in economic history, social history and agricultural and institutional economics.

This is the first study to analyze a wide spread of price data to determine whether market development led to economic growth in the early modern period.

This exciting new volume examines the development of market performance from Antiquity until the dawn of the Industrial Revolution. Efficient market structures are agreed by most economists to serve as evidence of economic prosperity, and to be prerequisites for further economic growth. However, this is the first study to examine market performance as a whole, over such a large time period. Presenting a hitherto unknown and inaccessible corpus of data from ancient Babylonia, this international set of contributors are for the first time able to offer an in-depth study of market performance over a period of 2,500 years. The contributions focus on the market of staple crops, as they were crucial goods in these societies. Over this entire period, all papers provide a similar conceptual and methodological framework resting on a common definition of market performance combined with qualitative and quantitative analyses resting on new and improved price data. In this way, the book is able to combine analysis of the Babylonian period with similar work on the Roman, Early-and Late Medieval and Early Modern period. Bringing together input from assyriologists, ancient historians, economic historians and economists, this volume will be crucial reading for all those with an interest in ancient history, economic history and economics.

This book explores the economic, social and political forces that shaped the grain market in the Roman Empire. Examining studies on food supply and the grain market in pre-industrial Europe, it addresses questions of productivity, division of labour, market relations and market integration. The social and political aspects of the Roman grain market are also considered. Dr Erdkamp illustrates how entitlement to food in Roman society was dependent on relations with the emperor, his representatives and the landowning aristocracy, and local rulers controlling the towns and hinterlands. He assesses the response of the Roman authorities to weaknesses in the grain market and looks at the implications of the failure of local harvests. By examining the subject from a contemporary perspective, this book will appeal not only to historians of ancient economies, but to all concerned with the economy of grain markets, a subject which still resonates today.

The second edition of a leading textbook on European economic history, updated throughout and with new coverage of post-financial crisis Europe.

The book provides an overall reconstruction of the European economy, in the global context, from the High Middle Ages until the beginning of Modern Growth in the 19th century.

A survey of urbanization and the making of modern Europe from the mid-eighteenth century to the First World War.

The transition between the 2nd and the 1st millennium BC was an era of deep economic changes in the ancient Near East. An increasing monetization of transactions, a broader use of silver, the management of the resources of temples through “entrepreneurs”, the development of new trade circuits and an expanding private, small-scale economy, transformed the role previously played by institutions such as temples and royal palaces. The 17 essays collected here analyze the economic transformations which affected the old dominant powers of the Late Bronze Age, their adaptation to a new economic environment, the emergence of new economic actors and the impact of these changes on very different social sectors and geographic areas, from small communities in the oases of the Egyptian Western Desert to densely populated urban areas in Mesopotamia. Egypt was not an exception. Traditionally considered as a conservative and highly hierarchical and bureaucratic society, Egypt shared nevertheless many of these characteristics and tried to adapt its economic organization to the challenges of a new era. In the end, the emergence of imperial super-powers (Assyria, Babylonia, Persia and, to a lesser extent, Kushite and Saite Egypt) can be interpreted as the answer of former palatial organizations to the economic and geopolitical conditions of the early Iron Age. A new order where competition for the control of flows of wealth and of strategic trading areas appears crucial.

The Irish famine of the 1840s is the biggest humanitarian crisis in the United Kingdom's history. Within six years of the arrival of the potato blight in Ireland in 1845, more than a quarter of its residents had unexpectedly died or emigrated. Its population has not yet fully recovered since. Historians have struggled to explain why the British government decided to shut down its centrally organised relief efforts in 1847, long before the famine ended. Some have blamed the laissez-faire attitudes of the time for an inadequate response by the British government; others have alleged purposeful neglect and genocide. In contrast, this book uncovers a hidden narrative of the crisis, which links policy failure in Ireland to financial and political instability in Great Britain. More important than a laissez-faire ideology in hindering relief efforts for Ireland were the British government's lack of a Parliamentary majority from 1846, the financial crises of 1847, and a battle of ideas over monetary policy between proponents and opponents of financial orthodoxy. The high death toll in Ireland resulted from the British government's plans for intervention going awry, rather than being prematurely cancelled because of laissez-faire. This book is essential reading for scholars, students and anyone interested in Anglo-Irish relations, the history of financial crises, and why humanitarian-relief efforts can go wrong even with good intentions.