A History of Global Capitalism: Feuding Elites and Imperial Expansion (Frontiers in Economic History)

Name: A History of Global Capitalism: Feuding Elites and Imperial Expansion (Frontiers in Economic History)
Brand: SPRINGER-VERLAG GmbH
SKU: 880327
Price: 71.66 EUR
Availability: InStock

SAMBIT BHATTACHARYYA

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71,66 €

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ISBN

9783030587383

Mladinska knjiga ID

880327

Leto izida

2020

Datum izida

02.11.2021

Velikost (šxdxv)

155 × 235 × 25

Status dobavljivosti

Na zalogi pri dobavitelju

Jezik

ANG

Založnik

SPRINGER-VERLAG GmbH

Avtor

SAMBIT BHATTACHARYYA

Opis

The book sets out to explore the economic motivations of imperial expansion under capitalism. This undoubtedly is related to two fundamental research questions in economic sciences. First, what factors explain the divergence in living standards across countries under the capitalist economic system? Second, what ensures internal and external stability of the capitalist economic system? The book adopts a unified approach to address these questions. Using the standard growth model it shows that improvements in living standards are dependent on access to raw materials, labour, capital, technology, and perhaps most importantly 'economies of scale'. Empires ensure scale economy through guaranteed access to markets and raw materials. The stability of the system depends on growth and distribution and it is not possible to have one without the other. However, the quest for growth and imperial expansion implies that one empire invariably comes into conflict with another. This is perhaps the most unstable and potentially dangerous characteristic of the capitalist system. Using extensive historical accounts the book shows that this inherent tension can be best managed by acknowledging mutual spheres of influence within the international system along the lines of the 1815 Vienna Congress. This timely publication addresses not only students and scholars of economics, geography, political science, and history, but also general readers interested in a better understanding of economic development, international relations, and the history of global capitalism.