How did Britain emerge as a world power and later as the world's first industrial society? What policies, cultural practices, and institutions were responsible for this outcome? How were the inevitable disruptions to social and political life coped with? This innovative volume illustrates the contribution of economic thinking (scientific, official and popular) to the public understanding of British economic experience over the period 1688-1914. Political economy has frequently served as the favourite mode of public discourse when analysing or justifying British economic policies, performance and institutions. These sixteen essays, centering on the peculiarities of the British experience, are grouped under five main themes: foreign assessments of that experience; land tenure; empire and free trade; fiscal and monetary regimes; and the poor law and welfare. This is a collaborative endeavour by historians with established reputations in their field, which will appeal to all those interested in the current development of these branches of historical scholarship.

A new edition of the leading textbook on the economic history of Britain since industrialization. Combining the expertise of more than thirty leading historians and economists, Volume 1 tracks Britain's economic history in the period ranging from 1700 to 1870 from industrialisation to global trade and empire. Each chapter provides a clear guide to the major controversies in the field and students are shown how to connect historical evidence with economic theory and apply quantitative methods. New approaches are proposed to classic issues such as the causes and consequences of industrialisation, the role of institutions and the state, and the transition from an organic to an inorganic economy, as well as introducing new issues such as globalisation, convergence and divergence, the role of science, technology and invention, and the growth of consumerism. Throughout the volume, British experience is set within an international context and its performance benchmarked against its global competitors.

A new edition of the leading textbook on the economic history of Britain since industrialization. Combining the expertise of more than thirty leading historians and economists, Volume 1 tracks Britain's economic history in the period ranging from 1700 to 1870 from industrialisation to global trade and empire. Each chapter provides a clear guide to the major controversies in the field and students are shown how to connect historical evidence with economic theory and apply quantitative methods. New approaches are proposed to classic issues such as the causes and consequences of industrialisation, the role of institutions and the state, and the transition from an organic to an inorganic economy, as well as introducing new issues such as globalisation, convergence and divergence, the role of science, technology and invention, and the growth of consumerism. Throughout the volume, British experience is set within an international context and its performance benchmarked against its global competitors.

In Riches and Poverty, Donald Winch explores the implications of a fundamental and influential idea in political economy. Adam Smith's science of the legislator provided a key to studying the rich and poor in commercial societies, transformed an ancient debate on luxury and inequality, and furnished a basis for assessing the American and French revolutions. Against this background, Britain embarked on its career as the first manufacturing nation, and Malthus made his first contributions to a debate which concluded with the Poor Law Amendment Act of 1834. Malthus provoked fierce opposition from the Lake poets, opening an intellectual rift that persisted throughout the nineteenth century and continues to influence our perceptions of cultural history. Donald Winch has written a compelling and consistently-argued narrative of these developments, which emphasises throughout the moral and political bearings of economic ideas.

The Oxford Handbook of the Political Economy of International Trade surveys the literature on the politics of international trade and highlights the most exciting recent scholarly developments. The Handbook is focused on work by political scientists that draws extensively on work in economics, but is distinctive in its applications and attention to political features; that is, it takes politics seriously. The Handbook's framework is organized in part along the traditional lines of domestic society-domestic institutions - international interaction, but elaborates this basic framework to showcase the most important new developments in our understanding of the political economy of trade. Within the field of international political economy, international trade has long been and continues to be one of the most vibrant areas of study. Drawing on models of economic interests and integrating them with political models of institutions and society, political scientists have made great strides in understanding the sources of trade policy preferences and outcomes. The 27 chapters in the Handbook include contributions from prominent scholars around the globe, and from multiple theoretical and methodological traditions. The Handbook considers the development of concepts and policies about international trade; the influence of individuals, firms, and societies; the role of domestic and international institutions; and the interaction of trade and other issues, such as monetary policy, environmental challenges, and human rights. Showcasing both established theories and findings and cutting-edge new research, the Handbook is a valuable reference for scholars of political economy.

Globalization and Global History argues that globalization is not an exotic and new phenomenon. Instead it emphasizes that globalization is something that has been with us as long as there have been people who are both interdependent and aware of that fact. Studying globalization from the vantage point of long-term global history permits theoretical and empirical investigation, allowing the authors collected to assess the extent of ongoing transformations and to compare them to earlier iterations. With this historical advantage, the extent of ongoing changes - which previously appeared unprecedented - can be contrasted to similar episodes in the past. The book is divided into three sections. The first focuses on how globalization has been written about from a historical perspective. The second part advances three different takes on how best to view globalization from a very long-term stance. The final section continues this interpretative thread by examining more narrow aspects of globalization processes, ranging from incorporation processes to systemic disruptions.

This volume of collected essays takes a new approach to this problematic subject by rethinking its broad foundations. From a variety of perspectives, its authors situate mercantilism against the backdrop of wider transformations in seventeenth-century Britain, Europe, and the Atlantic, from the scientific revolution to the expansion of empire.--

Focusing on England, this study reconstructs the centuries-long process of commercialization that gave birth to the modern market society. It shows how certain types of markets (e.g. those for real estate, labor, capital, and culture) came into being, and how the social relations mediated by markets were formed. The book deals with the creation of institutions like the Bank of England, the Stock Exchange, and Lloyd’s of London, as well as the way the English dealt with the uncertainty and the risks involved in market transactions. Christiane Eisenberg shows that the creation of a market society and modern capitalism in England occurred under circumstances that were utterly different from those on the European continent. In addition, she demonstrates that as a process, the commercialization of business, society, and culture in England did not lead directly to an industrial society, as has previously been suggested, but rather to a service economy.

A transnational survey of the economic development of Europe, exploring why some regions advanced and some stayed behind.

This collection of chapters focuses on the regulation of the British economy in the long eighteenth century as a means to understand the synergies between political, social and economic change as Britain was transformed into a global power. Inspired by recent research on consumerism and credit, an international team of leading academics examine the ways in which state and society both advanced and responded to fundamental economic changes. The studies embrace all aspects of the regulatory process, from developing ideas on the economy, to the passage of legislation, and to the negotiation of economic policy and change in practice. They range broadly over Britain and its empire and also consider Britain's exceptionality through comparative studies. Together, the book challenges the general characterization of the period as a shift from a regulated economy to a more laissez-faire system, highlighting the uncertain relationship between the state and economic interests across the long eighteenth century.