Libro: The Information Nexus: Global Capitalism from the Renaissance to the Present

Transcribimos una reseña del reciente libro de Steven G. Marks, The Information Nexus: Global Capitalism from the Renaissance to the Present. New York: Cambridge University Press, 2016.  xiv + 250 pp. $28 (paperback), ISBN: 978-1-107-51963-3. Steven Marks es profesor de historia en Clemson University, South Carolina, y escribió sobre historia económica y cultural de Rusia, incluyendo How Russia Shaped the Modern World (2003), y Road to Power (1991).

The Information Nexus: Global Capitalism from the Renaissance to the Present fue reseñado para EH.Net por Leonard Dudley (Université de Montréal), quien es autor de Mothers of Innovation: How Expanding Social Networks Gave Birth to the Industrial Revolution (Cambridge Scholars, 2012) y “Language Standardization and the Industrial Revolution,” Oxford Economic Papers (forthcoming).

En la reseña que realizó Dudley de la obra de Marks leemos "In this disruptive study, Clemson University historian Steven Marks redefines capitalism by breathing new life into concepts recycled from nineteenth-century German sociology. In 1877 a young German philosopher, Ferdinand Tönnies, published Community and Civil Society, a book based on his habilitation thesis. Tönnies contrasted two types of social structure, each of which he had come to know during the preceding years of dramatic and often violent change in German society.  The Gemeinschaft, or community, was an “organic” society like that of the small town in an agricultural region of northern Germany where he had grown up. Here relationships were “natural,” governed by the proximity of family, neighbors and friends. In contrast, the Gesellschaft, or civil society, was the “mechanical” industrial society like that of the cities he had come to know as a student living in different regions of Germany. Whereas relationships in theGemeinschaft were governed by familiarity and custom, those in the capitalist Gesellschaft were determined by markets and prices.

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Artículo: How Rome enabled impersonal markets

El paper How Rome enabled impersonal markets fue publicado por Benito Arruñada, quien consigna en el abstract: "Impersonal exchange increases trade and specialization opportunities, encouraging economic growth. However it requires the support of sophisticated public institutions. This paper explains how Classical Rome provided such support in the main areas of economic activity by relying on public possession as a titling device, enacting rules to protect innocent acquirers in agency contexts, enabling the extended family to act as a contractual entity, and diluting the enforcement of personal obligations which might collide with impersonal exchange. Focusing on the institutions of impersonal exchange, it reaches a clear positive conclusion on the market-facilitating role of the Roman state because such institutions have unambiguously positive effects on markets. Moreover, being impersonal, these beneficial effects are also widely distributed across society instead of accruing disproportionately to better-connected individuals."

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Artículo: Clans, Guilds, and Markets: Apprenticeship Institutions and Growth in the Pre-Industrial Economy

David de la Croix, Matthias Doepke y Joel Mokyr han publicado Clans, Guilds, and Markets: Apprenticeship Institutions and Growth in the Pre-Industrial Economy. Su resumen destaca "In the centuries leading up to the Industrial Revolution, Western Europe gradually pulled ahead of other world regions in terms of technological creativity, population growth, and income per capita. We argue that superior institutions for the creation and dissemination of productive knowledge help explain the European advantage. We build a model of technological progress in a pre-industrial economy that emphasizes the person-to-person transmission of tacit knowledge. The young learn as apprentices from the old. Institutions such as the family, the clan, the guild, and the market organize who learns from whom. We argue that medieval European institutions such as guilds, and specific features such as journeymanship, can explain the rise of Europe relative to regions that relied on the transmission of knowledge within extended families or clans."

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Blogs: The exchange: Libros!

Nuevamente en The Exchange nos ofrecen una nutrida lista de libros publicados en papel que vale la pena revisar, incluyen entre otros:

Emily Erikson, Between Monopoly and Free Trade: The English East India Company, 1600–1757 (Princeton University Press, August 2016 [2014]) [BHC Gomory Prize Winner]

Peter Burroughs and A. J. Stockwell, eds., Managing the Business of Empire: Essays in Honour of David Fieldhouse (Routledge, July 2016 [1998])

Adam Clulow, The Company and the Shogun: The Dutch Encounter with Tokugawa Japan (Columbia University Press, June 2016 [2013])

Béatrice Craig, Backwoods Consumers and Homespun Capitalists: The Rise of a Market Culture in Eastern Canada (University of Toronto Press, May 2016 [2009])

Richard Edwards and Trevor Boyns, A History of Management Accounting: The British Experience (Routledge, August 2016 [2012])

Dennis O. Flynn, A. J. H. Latham, and Sally M. Miller, eds., Studies in the Economic History of the Pacific Rim (Routledge, July 2016 [1997])

Jeffry A. Frieden, Currency Politics: The Political Economy of Exchange Rate Policy (Princeton University Press, August 2016 [2014])

William Guanglin Liu, The Chinese Market Economy, 1000-1500 (SUNY Press, July 2016 [2015])

Christina Lubinski, Jeffrey Fear, and Paloma Fernández Pérez, eds. Family Multinationals: Entrepreneurship, Governance, and Pathways to Internationalization (Routledge, August 2016 [2013])

Pamela H. Smith, The Business of Alchemy: Science and Culture in the Holy Roman Empire (Princeton University Press, August 2016 [1994])

Anoush Fraser Terjanian, Commerce and Its Discontents in Eighteenth-Century French Political Thought (Cambridge University Press, August 2016 [2012])

Kazuo Usui, Marketing and Consumption in Modern Japan (Routledge, August 2016 [2014])

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Artículo: Three-generation Mobility in the United States, 1850-1940: The Role of Maternal and Paternal Grandparents

Claudia Olivetti, M. Daniele Paserman y Laura Salisbury publicaron Three-generation Mobility in the United States, 1850-1940: The Role of Maternal and Paternal Grandparents. Ellos lo resumen "This paper estimates intergenerational elasticities across three generations in the United States in the late 19th and early 20th centuries. We extend the methodology in Olivetti and Paserman (2015) to explore the role of maternal and paternal grandfathers for the transmission of economic status to grandsons and granddaughters. We document three main findings. First, grandfathers matter for income transmission, above and beyond their effect on fathers' income. Second, the socio-economic status of grandsons is influenced more strongly by paternal grandfathers than by maternal grandfathers. Third, maternal grandfathers are more important for granddaughters than for grandsons, while the opposite is true for paternal grandfathers. We present a model of multi-trait matching and inheritance that can rationalize these findings."

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Artículo: Has Globalization Really Increased Business Cycle Synchronization?

Eric Monnet y Damien Puy publicaron Has Globalization Really Increased Business Cycle Synchronization?, en cuyo abstract se lee: "This paper assesses the strength of business cycle synchronization between 1950 and 2014 in a sample of 21 countries using a new quarterly dataset based on IMF archival data. Contrary to the common wisdom, we find that the globalization period is not associated with more output synchronization at the global level. The world business cycle was as strong during Bretton Woods (1950-1971) than during the Globalization period (1984-2006). Although globalization did not affect the average level of co-movement, trade and financial integration strongly affect the way countries co-move with the rest of the world. We find that financial integration de-synchronizes national outputs from the world cycle, although the magnitude of this effect depends crucially on the type of shocks hitting the world economy. This de-synchronizing effect has offset the synchronizing impact of other forces, such as increased trade integration."

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Artículos: Calls for papers: Scandinavian Economic History Review

El blog The Exchange recoge dos convocatorias a números especiales del Scandinavian Economic History Review:
  • "The History of Business and War." Su editor será  Erik Lakomaa de la Stockholm School of Economics y la fecha límite es el 1 de noviembre de 2016. (Ver detalles en el sitio del Journal).
  • "Retail Trade, Consumption, and the Construction of Markets from the 19th to the 21st Century." Los co-editores serán Fredrik Sandgren (Uppsala University) y Tristan Jacques (University of Paris I Panthéon-Sorbonne/IDHES), y la fecha límite es el 28 de febrero de 2017). (Ver detalles en el sitio del Journal
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Artículo: Market Integration in the Prewar Japanese Rice Markets

Ito MikioKiyotaka Maeda y Akihiko Noda publicaron Market Integration in the Prewar Japanese Rice Markets Su abstract resume: "This paper examines the integration process of the Japanese major rice markets (Tokyo and Osaka) from 1881 to 1932. Using a non-Bayesian time-varying vector error correction (VEC) model, we argued that the process strongly depended on the government's policy on the network system of telegram and telephone; rice traders with an intention in using the modern communication tools were usually affected by the changes of the policy. We find that (i) the Japanese rice markets had been integrated in the 1910s; (ii) the increasing use of telegraphs had accelerated the rice market integration since the Meiji period in Japan; (iii) the local phone, which reduced the urban users' time for sending and receiving telegrams, promoted the market integration."

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Artículo: The Growth Effects of EU Membership for the UK: a Review of the Evidence

De interés en los tiempos que corren, The Growth Effects of EU Membership for the UK: a Review of the Evidence fue publicado por Crafts, Nicholas (University of Warwick). En su resumen se lee "This paper reviews the literature on the implications of EU membership for the UK. It concludes that membership has raised UK income levels appreciably and by much more than 1970s’ proponents of EU entry predicted. These positive effects stem from the EU’s success in increasing trade and the impact of stronger competition on UK productivity. The economic benefits of EU membership for the UK have far exceeded the costs of budgetary transfers and regulation. Brexit is risky and its impact would depend heavily on the terms negotiated and the use made of the policy space that it freed up."

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