Economic evolution and revolution in historical time
Author(s)
Bibliographic Information
Economic evolution and revolution in historical time
Stanford Economics and Finance, an imprint of Stanford University Press, c2011
- : cloth
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Note
Papers originally presented at a conference sponsored by Stanford University's Institute for Economic Policy Research (SIEPR) and held Sept. 26-27, 2008
Includes bibliographical references and index
Description and Table of Contents
Description
This book challenges the static, ahistorical models on which Economics continues to rely. These models presume that markets operate on a "frictionless" plane where abstract forces play out independent of their institutional and spatial contexts, and of the influences of the past. In reality, at any point in time exogenous factors are themselves outcomes of complex historical processes. They are shaped by institutional and spatial contexts, which are "carriers of history," including past economic dynamics and market outcomes.
To examine the connections between gradual, evolutionary change and more dramatic, revolutionary shifts the text takes on a wide array of historically salient economic questions-ranging from how formative, European encounters reconfigured the political economies of indigenous populations in Africa, the Americas, and Australia to how the rise and fall of the New Deal order reconfigured labor market institutions and outcomes in the twentieth century United States. These explorations are joined by a common focus on formative institutions, spatial structures, and market processes. Through historically informed economic analyses, contributors recognize the myriad interdependencies among these three frames, as well as their distinct logics and temporal rhythms.
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