The Cambridge History of Capitalism: Volume 1

The first volume of The Cambridge History of Capitalism provides a comprehensive account of the evolution of capitalism from its earliest beginnings. Starting with its distant origins in ancient Babylon, successive chapters trace progression up to the 'Promised Land' of capitalism in America. Adopting a wide geographical coverage and comparative perspective, the international team of authors discuss the contributions of Greek, Roman and Asian civilizations to the development of capitalism, as well as the Chinese, Indian and Arab empires. They determine what features of modern capitalism were present at each time and place, and why the various precursors of capitalism did not survive. Looking at the eventual success of medieval Europe and the examples of city-states in northern Italy and the Low Countries, the authors address how British mercantilism led to European imitations and American successes, and ultimately, how capitalism became global. 'In many respects the history of capitalism is the history most relevant to our times. It's a huge story and is well told in this very important book.' Lawrence H. Summers, Charles W. Eliot University Professor, Harvard University The two editors of The Cambridge History of Capitalism have done an excellent job in assembling an all-star group of scholars in presenting first-rate essays dealing with the development and accomplishments of capitalism and the important impacts of national and international markets for labor, capital, and goods throughout the world. These studies range in time from ancient Babylonia to today. All essays are superbly researched and highly informative in detailing the contributions of markets and of capitalism to global political and economic development.' Stanley Engerman, University of Rochester, New York 'This is a book we have been waiting for: an authoritative analysis of the rise and development of global capitalism, inspired by the great classical economists and written by a team of excellent experts in the field. A fine update of our knowledge about one of the big questions in the social sciences.' Jan Luiten van Zanden, Universiteit Utrecht, The Netherlands1. Introduction Larry Neal; 2. Babylonia in the first millennium BCE - economic growth in times of empire Michael Jursa; 3. Capitalism and the ancient Greek economy Alain Bresson; 4. Re-constructing the Roman economy Willem M. Jongman; 5. Trans-Asian trade, or the Silk Road deconstructed (antiquity, middle ages) Etienne de la Vaissiere; 6. China before capitalism R. B. Wong; 7. Capitalism in India in the very long run Tirthankar Roy; 8. Institutional change and economic development in the Middle East, 700-1800 Sevket Pamuk; 9. Markets and coercion in medieval Europe Karl Gunnar Persson; 10. The via italiana to capitalism Luciano Pezzolo; 11. The Low Countries Oscar Gelderblom and Joost Jonker; 12. The formation of states and transitions to modern economies: England, Europe, and Asia compared Patrick Karl O'Brien; 13. Capitalism and dependency in Latin America Richard Salvucci; 14. The emergence of African capitalism Morten Jerven; 15. Native Americans and exchange: strategies and interactions before 1800 Ann M. Carlos and Frank D. Lewis; 16. British and European industrialization C. Knick Harley; 17. America: capitalism's promised land Jeremy Atack; 18. The political economy of rising capitalism Jose Luis Cardoso; Index.