Larry Neal (del Departmento de Economía, University of Illinois y autor del reconocido manualA Concise History of International Finance: From Babylon to Bernanke (Cambridge University Press, 2015)) realizó para EH.Net la reseña de la obra de William N. Goetzmann:Money Changes Everything: How Finance Made Civilization Possible.Princeton: Princeton University Press, 2016.
Ran Abramitzky;Leah Platt Boustan y Katherine Eriksson han publicado To the New World andBack Again: Return Migrants in the Age of Mass Migration. En el resumen exponen: "We
compile large datasets from Norwegian and US historical censuses to study
return migration during the Age of Mass Migration (1850-1913). Return migrants
were somewhat negatively selected from the migrant pool: Norwegian immigrants
who returned to Norway held slightly lower-paid occupations than Norwegian
immigrants who stayed in the US, both before and after moving to the US. Upon
returning to Norway, return migrants held higher-paid occupations than
Norwegians who never moved, despite hailing from poorer backgrounds. They were
also more likely to get married after return. These patterns suggest that
despite being negatively selected, return migrants were able to accumulate
savings and improve their economic circumstances once they returned home"
Daniyal Khan(Department of Economics, Seeta Majeed
School of Liberal Arts and Social Sciences, Beaconhouse National University) publicó Reading the General Theory as Economic Sociology: A broader interpretation of an economics classic. En su abstract leemos: "This
paper argues that given certain self-definitions and key defining features of
economic sociology, The General Theory of Employment, Interest, and Money can
be read and interpreted as a text in economic sociology. Around this core
argument, a case is built for a more open interaction and mutual appreciation
between economic sociology and heterodox approaches to economics. The paper
suggests how broader interpretations of classics of social science (such as the
General Theory) may help us better appreciate the shared intellectual lineages
and legacies of economics and sociology. It concludes with reflections on the
historical development of the relationship between economics and sociology, and
some speculation about their future".
George S. Tavlas(Bank of Greece) publicó New perspectives on the Great Depression: a review essay, y en su resumen se describe "The
Great Depression was the most devastating and destructive economic event to
afflict the global economy since the beginning of the twentieth century. What,
then, were the origins of the Great Depression and what have we learned about
the appropriate policy responses to economic depressions from that episode?
This essay reviews two recently published books on the Great Depression. Eric
Rauchway’s The Money Makers: How Roosevelt and Keynes Ended the Depression,
Defeated Fascism, and Secured a Prosperous Peace (Basic Books, 2015) tells the
story of the ways Franklin D. Roosevelt drew on the ideas of John Maynard
Keynes to place monetary policy front-and-center to underpin the recovery from
the Great Depression and to underwrite the blueprint of the Bretton-Woods
System. Barry Eichengreen’s Hall of Mirrors: The Great Depression, the Great
Recession, and the Uses — and Misuses — of History (Oxford University Press,
2015) shows the way the lessons learned from analysis of the Great Depression
helped shape policy makers’ response to the 2007-08 financial crisis, thus
helping to avoid many of the mistakes made by policy makers in the 1930s"
Leandro Prados de la Escosura publicó Spain’s HistoricalNational Accounts: Expenditure and Output, 1850-2015, una actualización de sus estadísticas históricas de cuentas nacionales españolas. Leemos en el abstract "This
essay offers a new set of historical GDP estimates from the demand and supply
sides that revises and expands those in Prados de la Escosura (2003) and
provides the basis to investigate Spain’s long run economic growth. It presents
a reconstruction of production and expenditure series for the century prior to
the introduction of modern national accounts. Then, it splices available
national accounts sets over the period 1958-2015 through interpolation, as an
alternative to conventional retropolation. The resulting national accounts
series are linked to the ‘pre-statistical era’ estimates providing yearly
series for GDP and its components since 1850. On the basis of new population
estimates, GDP per head is derived. Trends in GDP per head are, then, drawn
and, using new employment estimates, decomposed into labour productivity and
the amount of work per person, and placed into international perspective"
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Shipping in dire straits: New evidence on trends and cycles in coal freights from Britain, 1919-1939 es el título del artículo publicado por Jan ToreKlovland (Norwegian School of Economics and Business Administration). Su resumen nos anuncia: "New monthly freight rate indices for 13 coal trade routes from Britain 1919-1939 are presented. The new indices form the basis of a review of the interwar freight markets and their relationship to the timing and severity of general business cycles. New time series of laid-up tonnage provide the background for this discussion. The Great Depression starting in the autumn of 1929 created a shipping cycle of unusual length and severity. Real freight rate indices used as a cross-check on productivity gains in shipping raise some doubt on previous estimates of productivity growth in British shipping in the interwar years."