Böcker utgivna av Islet

The twelve articles collected in this volume describe how the most basic features of Western economic organization - money, markets, land tenure and enterprise - were created in the temples and palaces of the ancient Near East. The perspective on these topics originated in the five international colloquia organized by the Institute for the Study of Long-term Economic Trends (ISLET) with Harvard University's Peabody Museum from 1994 to 2015. When these meetings began, most assyriology, Egyptology and classical studies tended to accept the views of modern economic orthodoxy. Archaic social values were so different from today's views that there was resistance to recognizing the extent to which the Bronze Age economic takeoff, 3500-1200 BC, followed policies radically unlike our own.

This volume addresses the extent to witch accounting activly shaped economic life. The volume traces the aimes and functions of accounting practices from early Uruk down through the Neo-Babylonian period as well as Egyptian practice.

In this survey of international economic thought, Michael Hudson rewrites the history of trade, development and debt theorizing. He shows that mainstream free-trade surveys are censorial in excluding the protectionist logic that has guided the trade policy of Europe and the United States, especially by leaving out discussion of the transfer problem and payment of international debts. He points out that most economists throughout history have focused as much on war financing as on trade and development. Free-trade ideology and IMF-style financial austerity under today's rules, rather than benefiting all parties and maximizing welfare, leave "client" nations severely indebted. By excluding dynamics that used to be central to trade theory such as emigration and technology transfer, today's global production and financial policies tend to concentrate economic and political power in the hands of dominant nations. Prof. Michael Hudson (Economics Department, University of Missouri, Kansas City) is a frequent contributor to The Financial Times, Counterpunch, and Global Research.