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The cotton industry is fundamental to the development of global capitalism and broadly shaped the world we live in today. It is therefore important to realise the extent to which this depended on the militarisation of trade, massive land expropriation, genocide and slavery.
Tijl Vanneste has written an important book about the functioning of commercial networks during the mid 18th century. The author goes beyond national boundaries, as he carefully analyzes how a cross-cultural, cross-religious, and cross-gender diamond merchant network operated between the cities of Antwerp, London, Amsterdam and Lisbon.
Luxury in the Eighteenth Century is a welcome collection of essays on a very important topic.
The Economists are peculiar people. They all recognise the importance of consumption, but most seem loath to discuss the details.