Strategic Factors in Nineteenth Century American Economic History: A Volume to Honor Robert W. Fogel
ISBN: 0226301125
EAN13: 9780226301129
Language: English
Pages: 502
Dimensions: 1.00" H x 9.00" L x 6.00" W
Weight: 2.00 lbs.
Format: Hardcover

Strategic Factors in Nineteenth Century American Economic History: A Volume to Honor Robert W. Fogel

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Book Overview
Offering new research on strategic factors in the development of the nineteenth century American economy labor, capital, and political structure the contributors to this volume employ a methodology innovated by Robert W. Fogel, one of the leading pioneers of the new economic history. Fogel's work is distinguished by the application of economic theory and large-scale quantitative evidence to long-standing historical questions. These sixteen essays reveal, by example, the continuing vitality of Fogel's approach. The authors use an astonishing variety of data, including genealogies, the U.S. federal population census manuscripts, manumission and probate records, firm accounts, farmers' account books, and slave narratives, to address collectively market integration and its impact on the lives of Americans. The evolution of markets in agricultural and manufacturing labor is considered first; that concerning capital and credit follows. The demography of free and slave populations is the subject of the third section, and the final group of papers examines the extra-market institutions of governments and unions.
Editor Reviews
From the Back Cover Offering new research on strategic factors in the development of the nineteenth century American economy--labor, capital, and political structure--the contributors to this volume employ a methodology innovated by Robert W. Fogel, one of the leading pioneers of the new economic history. Fogel's work is distinguished by the application of economic theory and large-scale quantitative evidence to long-standing historical questions. These sixteen essays reveal, by example, the continuing vitality of Fogel's approach. The authors use an astonishing variety of data, including genealogies, the U.S. federal population census manuscripts, manumission and probate records, firm accounts, farmers' account books, and slave narratives, to address collectively market integration and its impact on the lives of Americans. Students of labor history will find essays that reveal which laborers gained from early industrialization, how labor markets of the period responded to macroeconomic disturbances, and what role was played by contract labor in northern agriculture. For those with interests in monetary and financial history, there are essays that examine antebellum financial market integration, the effects of disturbances in financial markets on the real economy, and the accumulation and distribution of wealth. Demographers will benefit from five innovative studies: one setting forth new period and cohort mortality estimates, another on nutrition and health among free African-Americans, a revealing portrait of the slave family, and, lastly, two explaining the fertility decline. Finally, three essays are devoted to political economy, one to railroad financing in Canada and two to the economicconsequences of urban politics in the United States. The volume also includes two appreciations of Fogel written by Stanley L. Engerman and Donald N. McCloskey, and a bibliography of Fogel's writings. Economic historians will find the volume indispensable because of its wealth of new findings and conjectures about the nature of economic development in the nineteenth century; it also provides a basis for appreciating the contribution of the new economic history and Fogel's central role within it.