From Market-Places to a Market Economy

The Transformation of Rural Massachusetts, 1750-1850

By: Winifred Barr Rothenberg

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Hardcover | 15 November 1992 | Edition Number 1

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In this highly original empirical study, Winifred Barr Rothenberg documents the emergence of a market economy in rural Massachusetts between 1785 and 1800--decades before America's first industrial revolution. Drawing the data from exhaustive research in farm account books, probate documents, and town tax valuations the author makes a significant contribution to the long-standing and vigorous debate about the pace, pattern, and genesis of growth in the early American economy.
Rothenberg forcefully disputes recent historical interpretations of the preindustrial New England village as a so-called moral economy, insulated from the exigencies of the market. She discovers the simultaneous emergence of markets for farm produce, farm labor, and rural capital. Then, linking market integration to labor productivity growth and agricultural improvement, she confirms that market-led growth in Massachusetts agriculture lay at the origins of the American industrial revolution.

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Non-Fiction History Regional & National History History of the Americas Business & Management Sales & Marketing Earth Sciences, Geography, Environment, Planning Geography Human Geography Economic Geography Local & Family History, Nostalgia Local History

Economics Economic History Miscellaneous Items

Acknowledgments
Introduction
From Market-Places to a Market Economy
The Moral Economy Model and the New England Debate
Sources for the Study of Rural Economic History
The Development of Commodity Markets
The Development of a Capital Market
The Development of Labor Markets and the Growth of Labor Productivity
Contract Labor in Massachusetts Agriculture
Productivity Growth in Massachusetts Agriculture: The Testimony of the Tax Variations of 1771-1801
Conclusion
Bibliography
Author
Index
Subject Index
Table of Contents provided by Publisher. All Rights Reserved.

From Market-Places to a Market Economy

The Transformation of Rural Massachusetts, 1750-1850

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