Economic History Commons^™

Horses And The Transition From Feudalism To Capitalism., Thomas E. Lambert

Faculty and Staff Scholarship

Many scholarly articles and books have been written about the transition from feudalism to capitalism over the decades. The various points of views on what is the “main driver” or “prime mover” of the transition have been debated in various forums by historians and economic historians with a different major factor being advocated by different proponents or schools of thought. This paper tries to offer another analysis of how the horse could have been an important “means to an end” in the development of capitalism, and this analysis possibly can lead to support for more than one view of what …

Universal Basic Income (Ubi): A Cure-All Or Band-Aid?, Madison Beckner

Electronic Theses and Dissertations

With the triple crisis of capitalism looming and, in the U.S., a poorly performing welfare state, Universal Basic Income (UBI) has returned to popular attention. To assess whether this is warranted and, more importantly, to provide answer on the extent to which a UBI can or should be considered a cure-all, this work, first, examines the historical development of UBI proposals including those stemming from European Social Democrats and Libertarians. Next, pilot programs at the local, state, and national level are critically examined for their methodologies and empirical results. Turning, then, to theory on de-commodification, unpaid labor, and the equality-jobs …

Free Market: The History Of An Idea. By Jacob Soll. Basic Books, 2022. 326 Pp, Index. $32., James K. Galbraith

Emancipations: A Journal of Critical Social Analysis

Review of Free Market: The History of an Idea. Jacob Soll. New York, Basic Books, 2022. 326 pp.

Courting American Capital: Public Relations And The Business Of Selling Ivorian Capitalism In The U.S., 1960-1980, Abou B. Bamba

History Faculty Publications

This chapter is an invitation to reimagine the roles assigned to players in the history of capitalism on the global stage. It challenges aspects of the historiography of capitalism in the twentieth century, which tend to center on historical actors and institutions of the Global North. Even when actors in the Global South are discussed, it is usually to portray them as passive victims of an intractable system. By focusing on the Ivory Coast and its economic diplomacy toward the United States, I seek to destabilize this general picture.

Disembedded Liberalism: The Global Pressure On Democracy, Hallie Spear

CMC Senior Theses

The international political order is at a crossroads with divergent paths. Liberal democracy is once again threatened on the international stage. What's more troubling is that the most stable and influential democracies, the United States, those in Europe and India, seem to be vulnerable to the autocratic wave sweeping through the world. This thesis completes a critical analysis to understand the root causes of the recent disruption to democracy the world has observed. Focusing on three established, diverse, and populous democracies, this thesis investigates the economic conditions at play that made each nation vulnerable to populism. Neoliberal economic policies implemented …

The Baran Ratio, Investment, And British Economic Growth And Development, Thomas E. Lambert

Faculty and Staff Scholarship

Investment in capital, new technology, and agricultural techniques has not been considered an endeavor worthwhile in a medieval economy because of a lack of strong property rights and no incentive on the part of lords and barons to lend money to or grant rights to peasant farmers. Therefore, the medieval economy and standards of living at that time often have been characterized as non-dynamic and static due to insufficient investment in innovative techniques and technology. Paul Baran’s concept of the economic surplus is applied to investment patterns during the late medieval, mercantile, and early capitalist stages of economic growth in …

الرساميل الأجنبية وتأثيرها على الاقتصاد المغربي, سهام علوي بلغيتي

Dirassat

Title : The impact of Foreign capital on the Moroccan economy

The Protection Treaty was a legal pretext for France to supervise Morocco. However, the reality of protection culminated in exclusive control and domination of the economic sector. Businessmen and settlers benefited largely from the wealth of the region without restrictions. Moroccans who were involved with the imperialist economic logic seized the opportunity regardless of the economic logic dictated by Islam. Thus, the socio-economic, political and cultural repercussions of French economic policy on the Moroccan economy were huge. The colonial order dismantled traditional economic patterns that existed long before, therefore, …

Red Sea, White Tides, And Blue Horizons, John P. Devine

Dissertations, Theses, and Capstone Projects

Eric Hobsbawm, in his effort to explain the fundamental divide which produced the Second World War, convincingly argues that “the crucial lines in this civil war were not drawn between capitalism as such and communist social revolution, but between ideological families: on the one hand the descendants of the eighteenth-century Enlightenment and the great revolutions including, obviously the Russian revolution’, on the other hand, its opponents.” This thesis argues that the American Civil War was a “great revolution” that represented a crucial transformative point in the formation of these two waring factions. The struggle was especially influential on the theory …

How Socialism Failed Venezuela, Ben Abrahamson

Political Science Theses and Capstones

In the 1970s, Venezuela was considered one of the wealthiest nations in the world. They enjoyed high oil prices after the discovery of OPEC, they were a democratized country in a continent where most of it was still undeveloped. Unfortunately, in the 1980s a major cut in oil prices caused economic turmoil, and leading into the 90s there were bloody riots, political disparity, attempted coups and building poverty. In 1998 came Hugo Chavez, a newly elected president to rid their economic issues and end corruption. However, that all turned out to be the opposite of what he did. The country …

Epochs Of Ecology: The Transition From Feudalism To Capitalism, Jacob Alexander Tucker

Electronic Theses and Dissertations

The transition from feudalism to capitalism has undoubtedly been one of the most fruitful and complicated debates amongst economic historians in the 20th and 21st centuries. With the advent of global ecological collapse, there is a necessity to examine and theorize the movement from feudalism to capitalism through the lens of ecology. While in mainstream economics the environment is either entirely dismissed or nature’s role in economics remains subsidiary to the human economy, in the field of Marxian economics, human’s interacting through nature is at the core of the entire theory. For that reason, this thesis takes earnestly Marx’s contributions …

Runaway: A History Of Postwar New York In Four Factories, Andy Battle

Dissertations, Theses, and Capstone Projects

At midcentury, New York City was among the preeminent manufacturing centers in the United States. Within a generation, this manufacturing economy suffered an extraordinary collapse. Beginning in the 1950s, workers and their unions began to use the term “runaway” to describe factories that pulled up stakes in New York and set them back down in other climes. This dissertation explores the deindustrialization of New York City through case studies of “runaway” plants, or factories that left New York for the American South or abroad between the years 1945 and 1975.

In general, the manufacturers that remained in New York at …

The New American Slavery: Capitalism And The Ghettoization Of American Prisons As A Profitable Corporate Business, David A. Liburd

Dissertations, Theses, and Capstone Projects

The labor of enslaved Africans and Black Americans played a large part in the history of colonial America, with the American plantation being the epicenter for all that was to be produced. While the two have never been completely tied together, capitalism and modern day slavery have been linked with one another. Some analysis sees slavery as a remote form of capitalism, a substitute, to an antiquated form of labor in the modern world.

Slave plantations adopted a new concentration in size and management, referred to by W.E. DuBois as a change "from a family institution to an industrial system."1 …

From The Classical School To Today: The Evolution Of Stagnation Theories, Francis J. Lukacovic Ii

Applied Economics Theses

The purpose of this thesis is to study the theory of secular stagnation, which was made famous by the American Keynesian economist Alvin Hansen in his book Full Recovery or Stagnation. The theory of secular stagnation has reappeared in economic circles today due to recent economic conditions since the financial crisis of 2007-2008. The thesis will analyze the history of the stagnation theory dating back to Classical economists in the 19^th century. The concept of a stagnating economy has been talked about for centuries with many economists adding important thoughts. Furthermore, the thesis will address the current questions and …

Critique And Transformation: On The Hypothetical Nature Of Ecosystem Service Value And Its Neo-Marxist, Liberal And Pragmatist Criticisms, Andony P. Melathopoulos, Alex Stoner

Journal Articles

Ecosystem service valuation (ESV) attempts to transform the opposition of human economic necessity and ecological conservation by valuing the latter in terms of the services rendered by the former. However, despite a number of ESV-inspired sustainability initiatives since the 1990s, global ecological degradation continues to accelerate. This suggests that ESV has fallen far short of its goals of sustainable social transformation—a failure which has generated considerable criticism. This paper reviews three prominent lines of ESV criticism: 1) the neo-Marxist criticism, which emphasizes the “fictitious” character of ecosystem commodities; 2) the liberal criticism through Friedrich Hayek's concept “scientistic objectivism”; and 3) …

Synthesizing The Vertical And The Horizontal: A World-Ecological Analysis Of 'The Industrial Revolution', Part I, Christopher R. Cox

Dissertations and Theses

'The Industrial Revolution' is simultaneously one of the most under-examined and overly-simplified concepts in all of social science. One of the ways it is highly under-examined is in the arena of the ecological, particularly through the lens of critical world-history. This paper attempts to analyze the phenomenon through the lens of the world-ecology synthesis, in three distinct phases: First, the history of the conceptualization of the Industrial Revolution is examined at length, paying special attention to the knowledge foundations that determine these conceptualizations. Secondly, I sift out what I believe is the dominant model throughout most of modern …

Alienation In Capitalism: Rediscovering Fulfillment, Gregory Lee Carter

Honors Theses and Capstones

Many Americans are pessimistic about their country's medium or long-term economic outlook. A century ago, Big Business was born as an economic force, but it has powerfully infiltrated the realm of politics now. The corporate scramble for natural resources has caused global disharmony and domestic economic conflict in the U.S. The capitalist system, which many have come to realize is unsustainable and oppressive, has thus come to fulfill some of the predictions made by earlier critics from Kierkegaard, Rousseau, to Marx. Each believed that a society which is forced to accommodate an oppressive system will inherently display alienation. That …

Radical Student Activism In The 1930s And Its Comparison To Student Activism During Occupy Wall Street, Andrew J. Pierce

Senior Honors Projects

In order to understand the present we must first understand the past. The United States may be a country founded on principles of democracy and republicanism, but students in universities across the nation have aligned themselves, historically, with some heterodox philosophies over the years. Whether it was Communism or Socialism in the 1930’s, or left libertarianism and direct democracy during the recent Occupy protests, students have long considered whether the policies of the United States government were really working in their best interests.

On campus in Depression-era America, Leftist student groups began to rise up and attempted to change the …

Capitalism And The Science Of History: Appleby, Marx, And Postmodernism, Patrick D. Anderson

Grand Valley Journal of History

Joyce Appleby has written an extensive amount on the origins and development of capitalism, but her work is influenced by her belief that history is a science with at least some objectivity. She rejects Marxism as a relic of past historians with naïve beliefs about finding the laws of nature, but she also rejects postmodern criticisms of history because they undermine any chance for objectivity. Appleby believes the historian can be objective even if politics necessarily colors his or her work. For Appleby, her support of capitalism leads her to make policy recommendations with her historiography, recommendations that change with …

An Attempt To Reshape Capitalism’S Image, Ross A. Nichols

Gettysburg Economic Review

John Stuart Mill claimed to be a disciple of both Jeremy Bentham and David Ricardo. This was a strange proclamation because each man advocated a competing theory of value; Bentham’s utilitarianism laid the foundation for the utility theory of value and Ricardo developed the labor theory of value. Mill’s goal in attempting to unify these theories of value was to provide a solution for the growing class conflict that plagued capitalism. Class conflict arose as feudalism was phased out and industrial capitalism replaced merchant capitalism as the dominant economic system. The Corn Laws symbolized this competition between classes. Capitalists were …

An Attempt To Reshape Capitalism’S Image, Ross A. Nichols

Student Publications

John Stuart Mill is an extremely interesting figure in the history of economics. He was known for his eclecticism and his views on economic theory can best be described as self-contradictory. In this vein was his attempt to formulate a theory of value. Claiming to be a disciple of both Bentham (utility theory of value) and Ricardo (labor theory of value), he sought to combine two rivalry theories of value. While Mill’s attempt ultimately proved futile, it was not because he could not make up his mind. Mill wanted to reshape capitalism’s image. He wanted to reform capitalism, to show …

"Introduction" To "Symposium: The Fate Of Anglo-American Capitalism", Sandra J. Peart

Jepson School of Leadership Studies articles, book chapters and other publications

The call for papers in this special issue asked whether there is a future for the robust sort of capitalism favoured by Adam Smith or whether we have reached a limit to Anglo-American capitalism as the engine of human betterment. Contemporary events loomed large late in 2008 and it seemed appropriate to consider whether Anglo-American capitalism was passing away. We were particularly interested in contributions that viewed current economic events through a lens informed by Smith's teaching on institutions, money and economic growth.

The Myth Of Endless Accumulation: A Feminist Inquiry Into Globalization, Growth, And Social Change, Martha Freymann Miser

Antioch University Dissertations & Theses

This theoretical dissertation examines the concept of growth and its core assumption—that the continual accumulation of wealth is both socially wise and ecologically sustainable. The study challenges and offers alternatives to the myth of endless accumulation, suggesting new directions for leadership and social change. The central question posed in this inquiry: Can we craft a more ethical form of capitalism? To answer this question, the study examines conventional and critical globalization studies; feminist scholarship on standpoint, political economy, and power; and the Enlightenment notions of progress and modernism, drawing on a number of works, including Aristotle on the three intelligences, …

The State‐Led Transition To Liberal Capitalism: Neoliberal, Organizational, World‐Systems, And Social Structural Explanations Of Poland’S Economic Success, Lawrence P. King, Aleksandra Sznajder Lee

Political Science Faculty Publications

Neoliberals argue that rapid liberalization and privatization can transform postcommunist economies into Western-style capitalist systems. Organizational sociologists argue that these policies produce a unique variety of capitalism, while world-systems theorists argue that they lead to underdevelopment. This article advances a social structural alternative in a crucial case. Poland’s relative economic success resulted from prolonged state ownership and an interventionist state employing various industrial policy tools that facilitated efficiency-enhancing market-oriented restructuring before ushering in beneficial foreign direct investment. The resulting capitalist system closely resembles the typical pattern found in most late industrializers.

Book Review: When Corporations Rule The World (Second Edition), The Post Corporate World: Life After Capitalism, Glen Kuecker

History Faculty publications

No abstract provided.

The Great Transition: The Dynamics Of Market Transitions And The Case Of Russia, 1991-1995, Jeffrey K. Hass

Sociology and Anthropology Faculty Publications

The market transition in Eastern Europe and the former Soviet Union brings us back to essential issues that Marx and Weber addressed: the genesis of capitalism and the process of economic change. What is the transition and what does it involve - restructuring incentives, creating new laws, learning new culture, or creating new power structures? The answer partially depends on the particular transition (initial conditions, targets, actors' perceptions); but necessary general frameworks remain elusive, and current economic policies and analyses reveal that we understand little more about economic change than a century ago. Recent works on market transitions have furthered …

Economic Interdependence Along A Colonial Frontier: Capitalism And The New River Valley, 1745-1789, B. Scott Crawford

History Theses & Dissertations

Historians have generally placed the beginning of capitalism in the United States in the early- to mid-nineteenth century. This assumes that the industrialization of the New England states fostered in a modern economic environment for the country as a whole. However, evidence of modern economic principles existed on the Virginia frontier as early as the mid-eighteenth century. As frontier settlers aspired to emulate eastern society, they not only sought to recreate a lifestyle similar to the one they left behind, but also set up similar governing practices, which in turn created social stratification similar to that which existed in the …

Can The World Industrialization Project Be Sustained?, Isidor Wallimann

Program for the Advancement of Research on Conflict and Collaboration

No abstract provided.

Kay Saunders, Ed., Indentured Labour In The British Empire, 1834-1920 & Shula Marks And Peter Richardson, Eds., International Labour Migration: Historical Perspectives (Book Reviews), Ralph Shlomowitz

Pacific Studies

No abstract provided.

The Fruits Of Merchant Capital: Slavery And Bourgeois Property In The Rise And Expansion Of Capitalism (Book Review), Edward L. Ayers

History Faculty Publications

Review of the book,The Fruits of Merchant Capital: Slavery and Bourgeois Property in the Rise and Expansion of Capitalism by Elizabeth Fox-Genovese and Eugene D. Genovese. New York: Oxford University Press, 1983.

4. The Rise Of Capitalism, Robert L. Bloom, Basil L. Crapster, Harold A. Dunkelberger, Charles H. Glatfelter, Richard T. Mara, Norman E. Richardson, W. Richard Schubart

Section V: The Rise of Capitalism and the National State to 1500

It will be seen from the foregoing that some of the spirit and practices of modern capitalism were already apparent as early as the eleventh and twelfth centuries. European thought was becoming more secular with the development of a mercantile culture which stressed the production of goods for profit in contrast with the former emphasis on production for use. Medieval man began exploiting opportunities for more effective production and is distribution of the products of farm, mine, and shop. From this search evolved the economic system we call capitalism. In its rudimentary form this institution was not unknown during the …