In the wake of Douglass North’s theories on institutions and economic growth, the last two decades have seen various kinds of medieval and early modern institutions increasingly regarded as factors aiding in, rather than obstructing, the transformative processes that eventually led to modern industrial capitalism in the 19th century.
Every day humans must do three things: convert energy into goods and services, adapt to the natural environment, and accept and manage risk.(1) With rare exceptions this agenda has been addressed through group affiliation whether a simple family unit or institutions that have arisen in step with the development of large-scale social complexity, industrialization and ca
During the long 18th century imported foodstuffs came to play a central role in the everyday experiences of British people. Women sipped tea in parlours and drawing rooms, while men walked out to coffee houses, taking snuff as they strode, before returning home later to enjoy a dinner of savoury dishes and sweet delicacies laced with sugar and spice.
What a great idea! The only wonder is why no publishing house thought of commissioning a book on the topic before. The reader’s delight starts straight from looking at the cover illustration – a ‘translation’ of Harry Beck’s celebrated London Tube Map, in which Waterloo Station becomes Gare de Napoléon.
For the majority of ordinary people in early modern England, the moral and the economic were closely aligned. Alongside material changes and a growing market ideology, traditional ideas about religion, duty, and community continued to influence economic relationships and practices well into the 18th century.
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.
I knew David Hey for 30 years, and it is with great sadness that I offer this review of his last and posthumous book. I recall well how I first met him. It was Easter 1985 and I was on my way to the British Agricultural History Society conference to give a paper. I hadn’t been to that conference before, nor had I ever given a paper to a conference (as opposed to a seminar).
This book was commissioned by the Bank of England, when Mervyn (now Lord) King was Governor. The aim was to produce a popular history of the Bank, an institution important in Britain since its inception. If it was intended to be a popular volume, the kind that flies off the shelves in bookshops, I hope that I’m right when I say it will not.
Many years ago, J. H. Overton drew a fine line between Non-Jurors on the one hand and Jacobites on the other. The former, according to Overton, were ‘in no active sense of the term Jacobites’ because they were ‘content to live peacefully and quietly without a thought of disturbing the present government’.
Jonathan Scott, Professor of History at the University of Auckland, in his recent book, How the Old World Ended (2019), has provided an intellectual bridge between the early modern period and the modern world, which was born out of the Industrial Revolution.