Böcker i Palgrave Studies in Economic History-serien

This book outlines the origins of Danish Capitalism and prosperity, from a poor and devastated minor state in the 19th century to a consolidated universal mixed economy welfare state at the end of the 20th century. The book argues that firm-based innovation drove Danish prosperity and redistributive capacity. It is a comprehensive but manageable examination of the institutions and choices that shaped a highly innovative and wealthy nation. The book relies on history and economic theory, presents commonly accepted narratives and theories, and contributes new explanations. Therefore, the book also traces both antecedents and the current state of 20th-century capitalism in Denmark and particular outcomes and critical institutions such as firm age, the labor market, and pension schemes. The book will be of interest to academics in business history and economic policy, as well as policymakers and all those interested in mixed economy studies.

This edited collection explores the pivotal role of the hotel industry in building Western Europe¿s tourism economy during the 20th century.The book brings together ten contributions focused on the same period, 1900-1970, to offer comparative perspectives from across the region including Italy, Switzerland, France, Spain and Britain. Drawing on historical case studies, chapters illuminate the different factors linking hotels and the broader tourism system including interventions of the public authorities and the State, the importance of private involvement, commercial strategies, the medium-term development of private hotels, hotel entrepreneurship, and the impact of economic crises and wars. By placing differing national approaches taken to the growth of the hotel industry in comparison, the book aims to fill a gap in the historiography of European hospitality and shed light on the wider impact of hotels and tourism on economic development at both a national and regional level. It will be of interest to a range of scholars, including in economic and business history, tourism studies, the history of tourism management, and social history.

This book exposes, for the first time in modern scholarship, the role that the rise of the Carry Trade played in British financial crises between 1825 and 1866, how in reaction the Bank of England improved its management of monetary policy after 1866 and how those lessons have been forgotten since the 1970s. Britain is one of the few major capitalist economies in the world to have avoided policy-induced systemic financial crises for more than 100 years of its history¿between 1866 and 1973. Beforehand, it suffered a series of serious banking panics, in 1825, 1837, 1847, 1857-58 and 1866. Since the 1970s banking instability has returned again, with the global financial crisis of 2007-09 hitting Britain hard. Economists and policymakers have asked what can be learnt from Britain¿s experience of the disappearance and reappearance of crises to help efforts to prevent future ones. This book answers that question with a major reassessment of Britain¿s financial history over the past two centuries. It does so by applying the long-neglected ideas of the British Banking School to explain how crises can occur because of the Carry Trade. This book is essential reading for economists and historians of modern Britain, practitioners and policymakers, as well as anyone who is affected by financial crises and their consequences.

This book comprehensively investigates the position of Chinäs working class between the 1980s and 2010s and considers the consequences of economic reforms in historical perspective. It argues the case that, far from the illusion during the Maoist period that a new society had been established where the working classes held greater political and economic autonomy, economic reforms in the post-Mao era have led to the return of traditional Marxist proletariats in China. The book demonstrates how the reforms of Deng Xiaoping have led to increased economic efficiency at the expense of economic equality through an extensive case study of an SOE (state-owned enterprise) in Sichuan Province as well as wider discussions of the emergence of state capitalism on both a micro and macroeconomic level. The book also discusses workers¿ protests during these periods of economic reform to reflect the reformation of class consciousness in post-Mao China, drawing on Marx¿s concept of a transition from äclass-in-itself' to a ¿class-for-itself¿. It will be valuable reading for students and scholars of Chinese economic and social history, as well as political economy, sociology, and politics.