Previous Newsletter Issues

Andersen, Esben Sloth
Diamond, Arthur M. Jr.
History of Economic Thought; Methodology
19th Century
20th Century: Pre WWII
20th Century: WWII and post-WWII
General, International, or Comparative
Aug 20, 2012

Published by EH.Net (August 2012)

Esben Sloth Andersen, Joseph A. Schumpeter: A Theory of Social and Economic Evolution. New York: Palgrave Macmillan, 2011. xiii + 272 pp. $105 (hardcover), ISBN: 978-1-4039-9627-5.

Reviewed for EH.Net by Arthur M. Diamond, Jr., Department of Economics, University of Nebraska at Omaha.

Samuelson (2003) in his final appraisal of his teacher and colleague Schumpeter, said that a chess player is only as a good as his worst move, but a scholar is as good as his best moves.  Samuelson implied that Schumpeter's best moves were very good ones.  Presumably these would include his ideas on innovation, entrepreneurship and creative destruction.  His worst moves,...

Rosen, William
Nuvolari, Alessandro
History of Technology, including Technological Change
18th Century
19th Century
Europe
Aug 14, 2012

Published by EH.Net (August 2012)

William Rosen, The Most Powerful Idea in the World: A Story of Steam, Industry and Invention. New York: Random House, 2010. xxv + 371 pp. $28 (hardcover), ISBN: 978-1-4000-6705-3.

Reviewed for EH.Net by Alessandro Nuvolari, Sant’Anna School of Advanced Studies.

This book is an account of the origins of the Industrial Revolution for lay readers. The thread of the narrative is represented by a detailed study of the breakthrough innovations of the period: the steam engine, iron production techniques, the mechanization of textile production, and the early development of machine tools. In particular, the main focus of attention is on the development of steam power technology...

Tomory, Leslie
Jones, Peter M.
Business History
History of Technology, including Technological Change
Transport and Distribution, Energy, and Other Services
18th Century
19th Century
Europe
Aug 13, 2012

Published by EH.Net (August 2012)

Leslie Tomory, Progressive Enlightenment: The Origins of the Gaslight Industry, 1780-1820. Cambridge, MA: MIT Press, 2012.  xi + 348 pp. $28 (hardcover), ISBN: 978-0-262-01675-9.

Reviewed for EH.Net by Peter M. Jones, Department of History, University of Birmingham.

This is a book designed at two levels. On the one hand Tomory, who is a Mellon Postdoctoral Fellow at McGill University, offers us a pioneer study of the development of gas lighting on the basis of the destructive distillation of coal. On the other he provides a substantial endorsement of the argument advanced by Joel Mokyr and a number of historians of science that the Industrial Revolution was both...

Smil, Vaclav
Sjostrom, William
International and Domestic Trade and Relations
Transport and Distribution, Energy, and Other Services
20th Century: Pre WWII
20th Century: WWII and post-WWII
General, International, or Comparative
Aug 6, 2012

Published by EH.Net (August 2012)

Vaclav Smil, Prime Movers of Globalization: The History and Impact of Diesel Engines and Gas Turbines.  Cambridge: MIT Press, 2010.  v + 261 pp.  $30 (hardcover), ISBN: 978-0-262-01443-4.

Reviewed for EH.Net by William Sjostrom, Centre for Policy Studies, National University of Ireland, Cork.

A book that begins with scornful dismissals of both Thomas "Flat Earth" Friedman and of the concept of "sustainable development" is a book that I admit I very much want to like.  And in many ways I did.  The core chapters tell the story of the development of the diesel engine and the gas turbine, discussing both the personalities and technology.  Smil's...

McGuire, Robert A.
Coelho, Philip R. P.
McGuire, Robert A.
Coelho, Philip R. P.
Economic Development, Growth, and Aggregate Productivity
Servitude and Slavery
Living Standards, Anthropometric History, Economic Anthropology
17th Century
18th Century
19th Century
North America
Aug 3, 2012

Published by EH.Net (August 2012)

Response to John Murray’s review of Parasites, Pathogens, and Progress: Diseases and Economic Development -- by Robert A. McGuire and Philip R. P. Coelho.

We feel obligated to comment on John E. Murray’s review (EH.Net, May 2012, http://eh.net/book_reviews/parasites-pathogens-and-progress-diseases-and-economic-development) of our book, Parasites, Pathogens, and Progress: Diseases and Economic Development (Cambridge, MA: MIT Press, 2011) because we are puzzled with what Murray wrote.  His review inaccurately portrays the book’s contents, evidence, and hypotheses.  The review was “bad” in the sense that it neither informed the reader what the book was about nor...

Kuznets, Simon
Lo, Stephanie
Weyl, E. Glen
Schiffman, Daniel A.
Development of the Economic History Discipline: Historiography; Sources and Methods
Education and Human Resource Development
Historical Demography, including Migration
Labor and Employment History
19th Century
20th Century: Pre WWII
20th Century: WWII and post-WWII
Europe
Middle East
North America
Aug 1, 2012

Published by EH.Net (August 2012)

Simon Kuznets, Jewish Economies: Development and Migration in America and Beyond – Volume I: The Economic Life of American Jewry (edited by Stephanie Lo and E. Glen Weyl). New Brunswick, NJ: Transaction Publishers, 2012. liv + 239 pp. $50 (hardcover), ISBN: 978-1-4128-4211-2.

Reviewed for EH.Net by Daniel A. Schiffman, Department of Economics and Business Administration, Ariel University Center.

Simon Kuznets (1901-1985), the 1971 Nobel Laureate in Economics, is renowned for his contributions to development economics and national income accounting. This book documents a less well known aspect of Kuznets' career – his pioneering contributions to Jewish economic history....

Rockoff, Hugh
Whaples, Robert
Military and War
20th Century: Pre WWII
20th Century: WWII and post-WWII
North America
Jul 17, 2012

Published by EH.NET (July 2011)

Hugh Rockoff, America’s Economic Way of War: War and the U.S. Economy from the Spanish-American War to the Persian Gulf War. New York: Cambridge University Press, 2012. xii + 357 pp. $27 (paperback), ISBN: 978-0-521-67673-1.

Reviewed for EH.Net by Robert Whaples, Department of Economics, Wake Forest University.

Although the general public and professional historians focus considerable attention on wars, economists tend to neglect them as deviations from the norm. Hugh Rockoff (Rutgers) sees this as especially ironic, because America was at war somewhere in the world during a significant portion of the twentieth century and because the basic tools of economics are...

Galambos, Louis
Rahman, Ahmed S.
Business History
Economywide Country Studies and Comparative History
20th Century: Pre WWII
20th Century: WWII and post-WWII
North America
Jul 16, 2012

Published by EH.Net (July 2012)

Louis Galambos, The Creative Society – and the Price Americans Paid for It. New York: Cambridge University Press, 2011. xiv + 322 pp. $28 (paperback), ISBN: 978-0-107-60099-7.

Reviewed for EH.Net by Ahmed S. Rahman, Department of Economics, United States Naval Academy.

Patterns in history suggest a cold truth – global hegemonic and economic dominance never lasts. When relative decline comes, it inevitably invites questions of what went wrong, and the answers typically are of two possible flavors. The country changed too much and failed to stay true to its core strengths, or the country did not change enough and failed to adequately adapt. These days we wonder if are...

Halteman, James
Noell, Edd
Hammond, J. Daniel
History of Economic Thought; Methodology
General or Comparative
General, International, or Comparative
Jul 13, 2012

Published by EH.Net (July 2012)

James Halteman and Edd Noell, Reckoning with Markets: Moral Reflection in Economics. New York: Oxford University Press, 2012. xvi + 218 pp. $35 (hardcover), ISBN: 978-0-19-976370-2.

Reviewed for EH.Net by J. Daniel Hammond, Department of Economics, Wake Forest University.

Reckoning with Markets provides an overview of moral reflection in the economics literature from classical Greece to the current time. At just under 200 pages the book would seem relatively compact for a survey that covers more than two millennia. But given the paucity of moral reflection since economics became a stand-alone discipline two centuries ago, the book’s length is sufficient to the task...

Colli, Andrea
Vasta, Michelangelo
Barbiellini Amidei, Federico
Business History
20th Century: Pre WWII
20th Century: WWII and post-WWII
Europe
Jul 12, 2012

Published by EH.Net (July 2012)

Andrea Colli and Michelangelo Vasta, editors, Forms of Enterprise in 20th Century Italy: Boundaries, Structures and Strategies. Cheltenham, UK: Edward Elgar, 2010. xii + 327 pp. $147 (hardcover), ISBN: 978-1-84720-383-0.

Reviewed for EH.Net by Federico Barbiellini Amidei, Banca d’Italia.

While it is well established in the economics literature that technological change is a key ingredient for fostering growth, there is no consensus among scholars concerning the different capability of countries in exploiting the successive waves of innovation that, since the first Industrial Revolution, have marked modern economies. Italy, in this respect, represents an ideal case study:...