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New Perspectives on the Late Victorian Economy : Essays in Quantitative Economic History, 1860-1914 - James Foreman-Peck

New Perspectives on the Late Victorian Economy

Essays in Quantitative Economic History, 1860-1914

By: James Foreman-Peck (Editor)

Hardcover Published: 26th April 1991
ISBN: 9780521391078
Number Of Pages: 372

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Through channels both open and concealed, the Victorian economy continues to influence us powerfully. Much economic thinking today gains support from perceptions of how the nineteenth-century British economy worked and how well it satisfied wants. Contemporary oligopolistic industrial structure is contrasted with Victorian self-regulating competition; the gross inequalities of Victorian laissez-faire are compared with support for the needy provided by the modern welfare state; and some regard Victorian values as vital principles of social organisation which should be regained. By examining the behaviour of the British economy between 1865 and 1914, the present work casts light upon some of these views. It does so in a variety of ways. New methods or evidence are deployed to establish accepted conclusions more firmly; unwarrantedly neglected aspects of the economy are analysed with present day concerns in mind; and traditional conclusions are reassessed. The book focuses upon three central themes: industrial organisation and technology, wages and living standards, and the monetary system. These are at the heart of discussions of productivity growth, the standard of living, well-being and poverty; the criteria by which the Victorian economic system should ultimately be judged.

Industry Reviews

"Quantitative economic history, or cliometrics, remains one of the most vibrant and productive fields of economics, and British cliometricians have been particularly prolific in recent years. These scholars have addressed issues vital to the understanding of British economic developments...and the work generally has been of first rate quality. The papers in this edited volume continue the tradition." William J. Hausman, The Southern Economic Journal "Overall, the book will probably be useful and memorable for its seminal essays. It is just in the natural way of things that the methodological treats cannot act as manuals for those of us who wish to try them out ourselves." Callum G. Brown, Victorian Studies

List of contributors
List of figures
List of tables
Quantitative analysis of the Victorian economy
Technology and Industrial Organisation
Historical trends in international patterns of technological innovation
Railways and late Victorian economic growth
Emergence of gas and water monopolies in nineteenth-century Britain: contested markets and public control
The expansion of British multinational companies: testing for managerial failure
A new look at the cost of living 1870-1914
Poor law statistics and the geography of economic distress
Perfect equilibrium down the pit
The Monetary System and Monetary Policy
Money, interest rates and the Great Depression: Britain from 1870 to 1913
The UK demand for money, commercial bills and quasi-money assets, 1871-1913
An analysis of Bank of England discount and advance behaviour 1870-1914
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521391078
ISBN-10: 0521391075
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 372
Published: 26th April 1991
Country of Publication: GB
Dimensions (cm): 22.86 x 15.24  x 2.54
Weight (kg): 0.71

Earn 503 Qantas Points
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