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Subject: Economics

A Plan of the English Commerce

New Edition

Daniel Defoe

July 2013 / ISBN: 978-1-62273-001-8
Availability: In stock
$28 £20 €25

A Plan of the English Commerce is a rare piece of economic history covering the crucial period at the outset of the first Industrial Revolution and the early wave of globalization. Unlike other chroniclers of British economic development, Defoe was contemporary to and often had first-hand experience of important events. His account therefore offers an extraordinary vantage point, free from the distorting lens of modern theoretical explanations. An account rich in anecdotes and penetrating observations, Defoe’s work emphasizes neglected aspects of the world economy at the time, such as the interplay between industrial policy and international trade. Defoe argues that, under the Tudors, British industry developed under a heavily protected regime. Contrary to widespread belief, export controls, infant-industry subsidies, government-sponsored industrial espionage and aggressive technology transfer were routine. A Plan of the English Commerce is principal among Daniel Defoe’s works dealing with economic matters and remains of interest not only to economic historians but also to scholars concerned with economic development, international trade and industrial policy. This New Edition has been typeset with modern techniques and contains a newly compiled Index of important topics. Aiming for visual clarity and the minimization of redundancy, the New Edition drops the largely arbitrary italicization of words and applies a modern formatting style to the rudimentary tables found in the original. It has been painstakingly proofread to ensure that it is free from errors and that the content is faithful to the original, down to the unusually long chapter headings.

Industrial Evolution

New Edition

Karl Bücher

July 2013 / ISBN: 978-1-62273-005-6
Availability: In stock
$28 £20 €25

Industrial Evolution is Karl Bucher's most important book, and the foundational study of non-market (exchange and gift) economics. The book deals with the historical evolution of economic and industrial organization, with the transition from handicrafts to manufacturing, the rise of trade unionism and urban migration. This new edition is based on the third German edition of Bucher's original Entstehung der Volkswirtschaft and draws on the acclaimed translation by S. Morley Wickett, PhD. This new edition has been professionally typeset from the 1901 English original and includes a comprehensive index.

Risk, Uncertainty and Profit

New Edition

Frank Knight

July 2013 / ISBN: 978-1-62273-004-9
Availability: In stock
$60 £45 €55

In Risk, Uncertainty and Profit, Frank Knight explored the riddle of profitability in a competitive market: profit should not be possible under competitive conditions, as the entry of new entrepreneurs would drive prices down and nullify margins, however evidence abounds of competitive yet profitable markets. To explain this seeming paradox, Knight uncovers the distinction between calculable risk and essentially unknowable uncertainty. Knight argued that risk stems from repeated events, which therefore allow probabilities to be calculated and factored into decisions, as for instance insurers do. Uncertainty however, stems from events that are unpredictable and as such cannot be prepared against. According to Knight, it is the interplay between risk and uncertainty on the one hand and competition between incumbent and new entrepreneurs that accounts for the enormous variation in profitability across firms and, for the same firms, over time. His insights on the sources of profit have been instrumental in shaping modern economic theory and to the development of a useful understanding of probability. This New Edition has been typeset with modern techniques and contains a newly compiled Index of important topics. It has been painstakingly proofread to ensure that it is free from errors and that the content is faithful to the original.

Industrial Organization in the Sixteenth and Seventeenth Centuries

New Edition

George Unwin

July 2013 / ISBN: 978-1-62273-002-5
Availability: Available 4 weeks
$22 £18 €20

Unwin charts and explains the course of industrial transformation that occurred in England during the 16th and 17th centuries. The volume treats topics such as business organization and the rise of the corporation, the accumulation of productive capital and its control by a small number of entrepreneurs as well as the rise of modern finance and trade unions. But Unwin goes beyond a mere history industrial organisation, tracing the evolution of modern industrial classes and demonstrating that the emergence of distinct social classes in their modern form was closely associated with the division of labor. The result is an all-time economic history classic and required reading for students of economic history. This New Edition has been typeset with modern techniques and contains a newly compiled Index of important topics. It has been painstakingly proofread to ensure that it is free from errors and that the content is faithful to the original.

Samuel Oldknow and the Arkwrights (New Edition)

The Industrial Revolution at Stockport and Marple

George Unwin

June 2013 / ISBN: 978-1-62273-003-2
Availability: In stock
$22 £18 €20

This is the story of the Industrial Revolution told from the perspective of Samuel Oldknow one of Britain’s most successful entrepreneurs. A fortuitous discovery in the ruins of a cotton mill in 1921 brought to light a mass of letters and account books, deep in dirt and soiled with rain. It is from this material that Unwin produced his now classic account of the Lancashire cotton industry, perhaps as close as one can get to a barometer of the wider economic transformation that rendered Britain the industrial powerhouse of the world. This New Edition has been typeset with modern techniques and contains a newly compiled Index of important topics. It has been painstakingly proofread to ensure that it is free from errors and that the content is faithful to the original.

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