The invisible hand? : how market economies have emerged and declined since AD 500

Bas van Bavel offers a panoramic view of over 1000 years of history to understand why market economies are fundamentally incompatible with long-run prosperity, equity, and broad participation in decision-making. He also connects with current debates on the future of capitalism and the causes and eff...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Bavel, Bas J. P. van 1964- (VerfasserIn)
Format: E-Book
Sprache:English
Veröffentlicht: Oxford New York, NY : Oxford University Press, 2016
Ausgabe:First edition
Schlagworte:Capitalism--History Electronic books
Umfang:1 online resource (343 pages)
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520 |a Bas van Bavel offers a panoramic view of over 1000 years of history to understand why market economies are fundamentally incompatible with long-run prosperity, equity, and broad participation in decision-making. He also connects with current debates on the future of capitalism and the causes and effects of inequality. 
520 |a 1: Introduction: Markets in Economics and History -- 1.1. Markets, their historiography, and some major assumptions -- Some Assumptions and Received Wisdom -- 1.2. On the modernity of markets: the verdict of recent historical research -- Recent Studies on the Rise of Factor Markets -- Recent Historical Literature on the Relation between Markets, Wealth, and Freedom -- 1.3. A new approach to markets: this book -- Elements Investigated in the Book -- 1.4. Cases of market economies -- Possible Cases of Market Economies -- The Cases Investigated in this Book -- 2: Markets in an Early Medieval Empire Iraq, 500-1100 -- 2.1. The rough contours of economic development -- 2.2. Social revolts and the growth of factor markets from the fifth to the mid-eighth century -- Social Revolts and Societal Balance -- Land and Lease Markets -- Labourers and Labour Markets -- Credit and Financial Markets -- 2.3. Dynamic factor markets and growing social inequality from the late eighth to the tenth century -- Accumulation and Effects in Land and Lease Markets -- Free Labourers and Growing Number of Slaves -- 2.4. Long-run effects on economy, politics, and society from the ninth to the eleventh century -- The Chronology of Economic Decline -- Causes of the Economic Decline -- 3: Markets in Medieval City-States: The Centre and North of Italy, 1000-1500 -- 3.1. The emergence of factor markets in the eleventh to thirteenth century -- A Context of Relative Equity -- The Early Rise of Land and Lease Markets -- The Early Rise of Labour and Financial Markets -- 3.2. Organization, context, and effects of dynamic factor markets, early fourteenth to mid-fifteenth century -- The Mezzadria System. 
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