Economic history in the context of Angus Maddison


Economic history in the context of Angus Maddison

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⭐ Core Definition: Economic history

Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions. The field can encompass a wide variety of topics, including equality, finance, technology, labour, and business. It emphasizes historicizing the economy itself, analyzing it as a dynamic entity and attempting to provide insights into the way it is structured and conceived.

Using both quantitative data and qualitative sources, economic historians emphasize understanding the historical context in which major economic events take place. They often focus on the institutional dynamics of systems of production, labor, and capital, as well as the economy's impact on society, culture, and language. Scholars of the discipline may approach their analysis from the perspective of different schools of economic thought, such as mainstream economics, Austrian economics, Marxian economics, the Chicago school of economics, and Keynesian economics.

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👉 Economic history in the context of Angus Maddison

Angus Maddison (6 December 1926 – 24 April 2010) was a British economist specialising in quantitative macro economic history, including the measurement and analysis of economic growth and development.

Maddison lectured at several universities over the course of his career, including the University of St. Andrews in Scotland and Harvard University. In 1978, Maddison was appointed Historical Professor in the Faculty of Economics at the University of Groningen (RUG). He retired in 1996 and became Emeritus Professor.

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Economic history in the context of Henri Hauser

Henri Hauser (19 July 1866 – 27 May 1946) was a French historian, geographer, and economist. A pioneer in the study of the economic history of the early modern period, he also wrote on contemporary economic issues and held the first chair in economic history to be established at a French university.

He was born in Oran into a middle-class Jewish family who had moved to French Algeria for health reasons but returned to France when Hauser was four years old. Hauser was educated at the Lycée Condorcet in Paris and then at the École Normale Supérieure where he came first in both the entrance and leaving examinations. He initially taught in provincial lycées before taking his doctorate in 1892 with a thesis on the 16th-century Huguenot leader, François de la Noue. Hauser went on to become a professor of ancient and medieval history at the University of Clermont-Ferrand, modern history and geography at the University of Dijon, and finally a professor of history and economic history at the Sorbonne from 1919 to 1936. His 1905 book L'impérialisme américain predicted the decline of Europe and the dominance of the United States, while his 1915 Méthodes allemandes d'expansion économique analyzed the role played by German industry in the outbreak of World War I. Hauser was awarded the Legion of Honor in 1919 and in 1945 the Académie française awarded him the Prix de l'Académie for his life's work.

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Economic history in the context of History of mentalities

The history of mentalities, from the French term histoire des mentalités (lit.'history of attitudes'), is an approach to cultural history which aims to describe and analyze the ways in which historical people thought about, interacted with, and classified the world around them, as opposed to the history of particular events or of economic trends. The history of mentalities has been used as a historical tool by several historians and scholars from various schools of history. Notably, the historians of the Annales School helped to develop the history of mentalities and construct a methodology from which to operate. In establishing this methodology, they sought to limit their analysis to a particular place and a particular time. This approach lends itself to the intensive study that characterizes microhistory, another field which adopted the history of mentalities as a tool of historical analysis.

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Economic history in the context of Matrimonial

Marriage, also called matrimony or wedlock, is a culturally and often legally recognised union between people called spouses. It establishes rights and obligations between them, as well as between them and their children (if any), and between them and their in-laws. It is nearly a cultural universal, but the definition of marriage varies between cultures and religions, and over time. Typically, it is an institution in which interpersonal relationships, usually sexual, are acknowledged or sanctioned. In some cultures, marriage is recommended or considered to be compulsory before pursuing sexual activity. A marriage ceremony is called a wedding, while a private marriage is sometimes called an elopement.

Around the world, there has been a general trend towards ensuring equal rights for women and ending discrimination and harassment against couples who are interethnic, interracial, interfaith, interdenominational, interclass, intercommunity, transnational, and same-sex as well as immigrant couples, couples with an immigrant spouse, and other minority couples. Debates persist regarding the legal status of married women, leniency towards violence within marriage, customs such as dowry and bride price, marriageable age, and criminalization of premarital and extramarital sex. Individuals may marry for several reasons, including legal, social, libidinal, emotional, financial, spiritual, cultural, economic, political, religious, sexual, and romantic purposes. In some areas of the world, arranged marriage, forced marriage, polygyny marriage, polyandry marriage, group marriage, coverture marriage, child marriage, cousin marriage, sibling marriage, teenage marriage, avunculate marriage, incestuous marriage, and bestiality marriage are practiced and legally permissible, while others areas outlaw them to protect human rights. Female age at marriage has proven to be a strong indicator for female autonomy and is continuously used by economic history research.

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Economic history in the context of Murray Rothbard

Murray Newton Rothbard (/ˈrɒθbɑːrd/; March 2, 1926 – January 7, 1995) was an American economist of the Austrian School, economic historian, political theorist, and activist. Rothbard was a central figure in the 20th-century American libertarian movement, particularly its right-wing strands, and was a founder and leading theoretician of anarcho-capitalism. He wrote over twenty books on political theory, history, economics, and other subjects.

Rothbard argued that all services provided by the "monopoly system of the corporate state" could be provided more efficiently by the private sector and wrote that the state is "the organization of robbery systematized and writ large". He called fractional-reserve banking a form of fraud and opposed central banking. He categorically opposed all military, political, and economic interventionism in the affairs of other nations.

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Economic history in the context of Stockholm School of Economics

The Stockholm School of Economics (SSE; Swedish: Handelshögskolan i Stockholm, HHS) is a private business school located in city district Vasastaden in the central part of Stockholm, Sweden. SSE offers BSc, MSc and MBA programs, along with PhD- and Executive education programs.

SSE is accredited by EQUIS and is a member of CEMS. SSE has founded sister organizations: SSE Riga in Riga, Latvia, and SSE Russia in St Petersburg and Moscow, Russia. It also operates the European Institute of Japanese Studies (Japanese, kanji: 欧州日本研究所, Japanese, romaji: Ōshū Nihon kenkyūjo), a research institute in Tokyo, Japan.

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Economic history in the context of Douglass C. North

Douglass Cecil North (November 5, 1920 – November 23, 2015) was an American economist known for his work in economic history. Along with Robert Fogel, he received the Nobel Memorial Prize in Economic Sciences in 1993. In the words of the Nobel Committee, North and Fogel "renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change."

North was an influential figure in New Institutional Economics, which emphasizes the impact of institutions on economic behaviors and outcomes. North argued, "Institutions provide the incentive structure of an economy; as that structure evolves, it shapes the direction of economic change towards growth, stagnation, or decline." Rational and wealth-maximizing individuals lack complete information and have difficulties monitoring and enforcing agreements. Institutions can provide information and reduce transaction costs, thus encouraging economic activity.

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Economic history in the context of Karl Polanyi

Karl Paul Polanyi (/pˈlænji/; Hungarian: Polányi Károly [ˈpolaːɲi ˈkaːroj]; 25 October 1886 – 23 April 1964) was an Austro-Hungarian economic historian, economic sociologist, and politician, best known for his book The Great Transformation, which questions the conceptual validity of self-regulating markets.

In his writings, Polanyi advances the concept of the Double Movement, which refers to the dialectical process of marketization and push for social protection against that marketization. He argues that market-based societies in modern Europe were not inevitable but historically contingent. Polanyi is remembered best as the originator of substantivism, a cultural version of economics, which emphasizes the way economies are embedded in society and culture. This opinion is counter to mainstream economics but is popular in anthropology, economic history, economic sociology and political science.

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Economic history in the context of Econometrics

Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference." An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships." Jan Tinbergen is one of the two founding fathers of econometrics. The other, Ragnar Frisch, also coined the term in the sense in which it is used today.

A basic tool for econometrics is the multiple linear regression model. Econometric theory uses statistical theory and mathematical statistics to evaluate and develop econometric methods. Econometricians try to find estimators that have desirable statistical properties including unbiasedness, efficiency, and consistency. Applied econometrics uses theoretical econometrics and real-world data for assessing economic theories, developing econometric models, analysing economic history, and forecasting.

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Economic history in the context of Economy of the Russian Empire

The economy of the Russian Empire covers the economic history of Russia from 1721 to the October Revolution of 1917 (which ushered in a period of civil war, culminating in the creation of the Soviet Union).

Russian national income per capita increased and moved to closer to the most developed economies of Northern and Western Europe from the late 17th century to the mid 18th century. After the mid 18th century, the Russian economy stagnated and declined. In the 18th century, Russian national income per capita was about 40–70% of British per capita income but higher than Poland's. By 1860, Russian GDP per capita was similar to that of Japan; one-third of GDP per capita in the United States or the United Kingdom; and twice that of China or India. Russia was a late industrializer. Over the course of the late 19th century and early 20th century, Russia's railroad system expanded considerably, enabling greater industrialization.

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Economic history in the context of A. G. Hopkins

Antony Gerald Hopkins, FBA (born 21 February 1938) is a British historian specialising in the economic history of Africa, European colonialism, and globalisation. He is Emeritus Smuts Professor of Commonwealth History at the University of Cambridge, an Emeritus Fellow of Pembroke College, Cambridge and a fellow of the British Academy.

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Economic history in the context of Niall Ferguson

Sir Niall Campbell Ferguson, HonFRSE (/nl/ NEEL; born 18 April 1964) is a British-American historian who is the Milbank Family Senior Fellow at the Hoover Institution and a senior fellow at the Belfer Center for Science and International Affairs at Harvard University. Previously, he was a professor at Harvard University, the London School of Economics, New York University, a visiting professor at the New College of the Humanities, and a senior research fellow at Jesus College, Oxford. He was a visiting lecturer at the London School of Economics for the 2023/2024 academic year and at Tsinghua University in China from 2019 to 2020. He is a co-founder of the University of Austin.

Ferguson writes and lectures on international history, economic history, financial history, and the history of the British Empire and American imperialism. He holds positive views concerning the British Empire. In 2004, he was one of Time magazine's 100 most influential people in the world. Ferguson has written and presented numerous television documentary series, including The Ascent of Money, which won an International Emmy Award for Best Documentary in 2009. In 2024, he was knighted by King Charles III for services to literature.

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Economic history in the context of Business history

Business history is a historiographical field which examines the history of firms, business methods, government regulation and the effects of business on society. It also includes biographies of individual firms, executives, and entrepreneurs. It is related to economic history. It is distinct from "company history" which refers to official histories, usually funded by the company itself.

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Economic history in the context of Eli Heckscher

Eli Filip Heckscher (24 November 1879 – 23 December 1952) was a Swedish political economist and economic historian who was a professor at the Stockholm School of Economics.

He is known for the Heckscher–Ohlin theorem, an influential model of international trade that predicts that capital-abundant countries export capital-intensive goods, while labor-abundant countries export the labor-intensive goods.

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