The Pattern of Austrian Industrial Growth from the Eighteenth to the Early Twentieth Century

1975 ◽  
Vol 11 ◽  
pp. 3-25 ◽  
Author(s):  
Richard L. Rudolph

The wealth of literature published in the last twenty-five years on economic growth, economic development, and comparative economic history contains little information about Austria-Hungary. Fortunately, this situation shows signs of improving as the few recent articles and monographs on the subject are beginning to be utilized in the more general literature. Although the general lack of attention to Austria-Hungary clearly indicates that serious analytical work on the economic history of the area is still in a very early stage, the relatively few studies published on the subject have already changed the views of scholars on economic developments in the Habsburg lands.

1951 ◽  
Vol 11 (4) ◽  
pp. 339-346 ◽  
Author(s):  
M. M. Postan

I was asked to illustrate the effects of the economic leadership of adAvanced nations by an example drawn from English economic history in the Middle Ages. I have accordingly chosen the subject of Italian contribution to the economic development of medieval England. What prompted this choice was not only the contribution that the Italians in fact made but also the contribution that they are reputed to have made. Indeed their reputation for economic leadership interests me as much as their achievement. For if their reputation and their achievement are collated, something more interesting than a mere illustration of economic leadership may emerge. The illustration may well turn into a cautionary example. I hope I shall not appear immodest or perverse if I suggest that the Italian example may help to circumscribe the historical and the logical validity of the entire concept of economic leadership. For the concept that appears to mean something in historical accounts of economic forms is apt to dissolve as soon as we reach out to the fundamental forces and processes of economic growth.


2020 ◽  
Vol 16 (3) ◽  
pp. 241-268
Author(s):  
Dmitry Yu. Karasev

Introduction. The scope of regional economic inequality, its causes and consequences are relevant issues in the economic history. High regional inequality impedes representative estimation of national economic development and international comparison. The end of 19th and beginning of 20th centuries was the time when industrialization, states’ economic and political integration led to their regional divergence/convergence. Methods. The main challenge of measuring and accounting for 19th century regional economic growth is a scarcity of regional historical and economic statistics. Thus, the paper concerns with historiographical analysis of successful attempts to face this challenge in economic history. Results. It can be distinguished three approaches to historical regional economies accounting depending of relevant statistics availability: 1) for countries with high regional-data integrity, GRP can be estimated as a sum of its residents’ incomes (R. Easterling’s method); 2) for countries with moderate regional statistics being saved, it is possible to estimate GRP through distributing known GDP totals across regions on the basis of indicators of regional sectors’ shares (Geary-Stark method); 3) for countries with poor regional historical statistics it fits only short-cut approach on the basis of indirect regional economic indicators (Crafts’ approach and Good–Ma method). Furthermore, the paper deals with following methods and models used in quantitative explorations of unequal regional economic development: shift-share analysis, β and σ-convergence. Discussion. It appears that historical statistics from the Governors reports makes possible to distribute known national values added in the first and secondary sectors across provinces of the late-nineteenth century Russian Empire in the line with Geary–Stark methodology. The contribution of tertiary sector to the provinces’ economic growth could be estimated on the basis of indirect indicators from the same historical source and the other sources, following Good–Ma methodology. Finally, the cross-checking of the GRP to be calculated is possible through comparison with A. Markevich estimates for 1897.


Author(s):  
Lendol Calder

Monetization, which describes the process whereby money became the dominant means of exchange in developing commercial societies, is an economic development whose profound social, political, and cultural consequences are not yet well understood. The monetization of household economic life elevated practices that once affected only the wealthy – Fan Li's ‘golden rules for business success’ – to core competencies of living, mandatory for everyone. Reflecting on the scholarship that has examined saving and spending, this article examines consumption and why historians of consumer culture have not given the financial affairs of consumers the attention the subject deserves. The historical work that has been done, though sparse, amply demonstrates the rich potential of the financial arts for generating significant problem areas for research. Few other subjects in the glittering universe of consumption lead more directly to the largest questions we can ask about desire, virtue, and the construction of the modern self. The article also considers the history of thrift, money management, and financialization.


2018 ◽  
pp. 55-89
Author(s):  
Şevket Pamuk

This chapter looks at the role of institutions in economic development and the evolution of Ottoman institutions before the nineteenth century. It argues that while institutions are not the only things that matter, it is essential to examine their role in order to understand Turkey's experience with economic growth and human development during the last two centuries. The economics and economic history literature has been making a related and important distinction between the proximate and deeper sources of economic growth. The proximate causes refer to the contributions made by the increases in inputs, land, labor, and capital and the productivity increases. The deeper causes refer to the social, political, and economic environment as well as the historical causes that influence the rate at which inputs and productivity grow.


2021 ◽  
pp. 46-65
Author(s):  
Bill Freund ◽  
Vishnu Padayachee

This chapter addresses the unfolding economic history of South Africa in the apartheid era (1948–94). The chapter is organized according to a periodization with 1971–73 as a marker of the break, and along specific thematic lines. These include a discussion of the way in which this history has been studied and through what theoretical lenses, before engaging with the main issues, including the impact of Afrikaner nationalism on economic growth, the way in which the minerals energy sector, which dominated early perspectives of South African economic history and perspectives, is impacted in this era of National Party rule. An analysis of the role of one major corporation (Anglo American Corporation) in shaping this economic history is followed by an assessment of the impact of the global and local crisis after c.1970 on the South African economy. An abiding theme is that of race and economic development and the way in which the impact of this key relationship of apartheid South Africa on economic growth has been studied.


Author(s):  
Christopher J. Berry

Examines Hume’s account of economic development as a subset of the history of civilisation, which is presented by him as a history of customs and manners. Since Hume believes that the subject matter of ‘economics’ is amenable to scientific analysis, the focus is on his employment of causal analysis and how he elaborates an analysis of customs as causes to account for social change. This is executed chiefly via an examination Hume’s Essays, though the History of England (as a test case) and the Treatise of Human Nature for its expression of Hume’s seminal analysis of causation are also incorporated.


Naukratis ◽  
2000 ◽  
Author(s):  
Astrid Moller

In accordance with the hermeneutical principles laid down in the introduction, this chapter will be devoted to an account of the theoretical models underlying the analysis and interpretation of the source material. Karl Polanyi’s empirical observations resulted in a series of ideal-types such as can be employed for the evaluation of the evidence from Naukratis in the following chapters. Polanyi’s works do not form one single, complete theory of economy; rather, they should be seen—as Sally Humphreys has put it so aptly—as sketches of areas within largely unexplored territory. It is of course true that George Dalton went to great lengths to develop Polanyi’s ideas further; the fact nevertheless remains that they continue to be far from accepted as paradigms for all further research in the field of economic anthropology or economic history. Indeed, such continuations of Polanyi’s approach have served only to limit unduly the openness that is the very advantage of his ideal-types. It is for this reason that one should return to Polanyi himself and employ his original ideas. His work has been taken up by only a few within the realm of the economic history of classical antiquity, something due partly to his own—problematic—statements on the subject of Greek history, and partly to lack of interest shown for anthropological approaches within ancient history. Polanyi disagreed with the view that markets were the ubiquitous form of economic organization—an attitude regarding the notion of the market as essential to the description of every economy—and also with the belief that it is the economic organization of any given society which determines its social, political, and cultural structures. For his part, Polanyi contended that an economy organized around the market first came into being with the Industrial Revolution, and that it was not until then that the two root meanings of the word ‘economic’—on the one hand, in the sense of provision with goods; on the other, in the sense of a thrifty use of resources, as in the words ‘economical’ and ‘economizing’—merged.


1983 ◽  
Vol 11 (3) ◽  
pp. 17-19
Author(s):  
D. Broadbent

The 1980 National Aboriginal Education Conference went on record as saying it saw that as an ‘area of concern’ history textbooks on Aborigines are racist.Australians’ economic history is racist in that standard economic texts do not discuss Aborigines at all, or mention them only peripherally.The economic history of Australia is usually written from one or two perspectives, both European. The first involves the flow of external capital, labour and entrepreneurship into what was essentially an empty land awaiting exploitation. This has led to emotive pictures of Australia’s economic development in terms of hardy pioneers driving sheep and cattle into remote parts, and hard-working men clearing land for crops, both groups subject to the usual environmental hazards of droughts, floods and natives.The second view has led to the picture of the country riding on the sheep’s back. In economic terms this meant that the profits earned by wool exports (and later gold) generated capital within the country for economic expansion. This is the Staple theory of economic growth. Neither viewpoint takes into account the Aboriginal people. Nor could they, because they are theories of Capitalism, and nineteenth century Capitalism did not have a human face. The profit motive was supreme. Aborigines were not seen as being at all useful to the process of economic growth once it had got under way.Up to a point, however, the Aborigine was useful. He could guide settlers and explorers across inhospitable landscapes and lead them to water. Having done this, he had outlived his usefulness and was hounded to the edges of the new economic landscape – to extinction in many places.


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