The central role of the housing market in the recent recession raised a series of questions about similar episodes throughout economic history. Were the underlying causes of housing and mortgage crises the same in earlier episodes? Has the onset and spread of crises changed over time? How have...

For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A...

There is no universally accepted definition of a currency crisis, but most would agree that they all involve one key element: investors fleeing a currency en masse out of fear that it might be devalued, in turn fueling the very devaluation they anticipated. Although such crises—the Latin...

As awareness of the process of globalization grows and the study of its effects becomes increasingly important to governments and businesses (as well as to a sizable opposition), the need for historical understanding also increases. Despite the importance of the topic, few attempts have been...

"When visited by the British trade mission led by Lord George Macartney, who aimed to show off the best of Western trade and technology, the Qianlong emperor of Qing China was known to have famously replied in 1792 that "Our Celestial Empire possesses all things in prolific abundance and lacks...

Frontmatter -- Contents -- Preface -- 1. Lessons from History -- 2. The Risk of Breakdown in the International Trade System -- 3. Modem Trade Agreements: The GATT Regime -- 4. Negotiating Trade Agreements: The Uruguay Round -- 5. The International Trade System of the 1990s -- Bibliography -- Index

In Illiberal Reformers, Thomas Leonard reexamines the economic progressives whose ideas and reform agenda underwrote the Progressive Era dismantling of laissez-faire and the creation of the regulatory welfare state, which, they believed, would humanize and rationalize industrial capitalism. But...

Die Relevanz der Mikroökonomischen Theorie kann am besten dadurch gezeigt werden, dass man zu den ursprünglichen Problemen zurückgeht und die Lösungsansätze aus der Zeit heraus von den Originalautoren darstellen lässt. Die heutige Gesellschaft und auch die heutige Gesellschaftstheorie ist...