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New sources of data, together with advances in theory, offer the opportunity for a fresh look at old and new questions.
This book asks such questions as: did mercantilism cause the American Revolution?; was slavery profitable?; and what were the causes of the Great Depression? Illustrated
- Sales Rank: #468593 in Books
- Brand: Atack, Jeremy/ Passell, Peter/ Lee, Susan
- Published on: 1994-05-17
- Original language: English
- Number of items: 1
- Dimensions: 9.30" h x 1.20" w x 6.20" l, 1.99 pounds
- Binding: Paperback
- 736 pages
From the Back Cover
Even though it's no longer very new, the "New Economic History" remains vital. Its hallmark is the application of economic theory and statistical methods to problems in history. New sources of data and advances in economic theory continually offer the opportunity for fresh looks at old and new questions. Since the initial publication of A New Economic View of American History in 1979, the field and its practitioners have matured considerably, and a torrent of new research has been performed. New chapters on long-run growth, the market for labor, population distribution and growth, financial markets, the changing structure of American industry, and the Great Depression have been added. Thus, Jeremy Atack and Peter Passell have filled the gaps that existed in the first edition, fashioning a true survey of America's economic history from colonial times through the New Deal. Did mercantilism cause the American Revolution? Was slavery profitable? What contribution did migration and immigration make to the economic growth of the nation? How effective has government intervention been in the redistribution of income? Do we know enough about the causes of the Great Depression to prevent another one? Did the New Deal save American capitalism or undermine it? What is the record on tariff policy? These are just a few of the centrally important questions in American history that are illuminated in this book.
About the Author
Peter Passell is a senior fellow at the Milken Institute (a non-partisan economic policy think tank in California) and the editor of the "Milken Institute Review". He has taught economics at the graduate school at Columbia University; consulted to firms including Microsoft, verizon Wireless and Visa; written about economics for "The New York Times "and served on its editorial board; and analyzed public policy for other publications ranging from "The Wall Street Journal "to "Le Monde. "
Most helpful customer reviews
30 of 31 people found the following review helpful.
If You're Choosing Only One ...
By Buce
Let me speak here in law teacher mode: if you wanted to read just one book as background for law school, I think perhaps this should be the one. It's a model in terms both of substance and of presentation. In substance, the authors have done an admirable job of summing up the best available knowledge about the economy and how it came to be. In presentation, what they've done is to take an array of technical or specialized studies and to make them accessible to the determined non-specialist.
I remember it in terms of so many wonderful anecdotes. There are the farm girls from Vermont who staffed the mills in Massachusetts until the great Irish immigration drove them back to the farm. There are the restless young men from the prairies who rode the rafts down river to New Orleans, and then set off to see the world. There are the canals that lost all their capital value with the coming of the railroads - but then kept operating anyway, because it was more worthwhile to use them than to tear them up.
This is not, of course, precisely a law book. But it is a book about issues for the law: about slavery, about public land policy, about the structure of industry and finance. The chapters on the Great Depression alone would make a sufficient background for any course in constitutional or administrative law. For the authors, only two words: new edition.
14 of 14 people found the following review helpful.
American History through an Economic Filter!
By The Intellectual
If you ever wanted to understand U.S. history on an economic basis, this is the book to read.
It's beautifully written with extensive economic analysis of various aspects and subjects covering U.S. history from the profitability of slavery to continous increasing of the standards of living.
The authors make some striking discoveries (for example, half of all farms in the south had no slaves at all, and yet managed to be as efficient as many which did have slaves) about productivity in the U.S. as new technologies and, in essence, a new economy evolved. The impact improvements in roads had on the economic development of the country is wonderfully detailed.
The author includes multiple tables and detailed explanations as to how they reached their conclusions.
All in all, an excellent book on U.S. history for economic professionals and/or buffs!
12 of 17 people found the following review helpful.
Exceptional!
By A Customer
This is an incredible introduction to economic history. It is clearly written, and it is easy for the non-economist to read and enjoy. If you have any interest in economic history, then this is a must read.
See all 8 customer reviews...
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