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Institutional Change and American Economic Growth

Lance E. Davis and Douglass C. North (with the assistance of Calla Smorodin), Institutional Change and American Economic Growth. Cambridge: Cambridge University Press, 1971. viii + 282 pp. Review Essay by Cynthia Taft Morris, Department of Economics, Smith College and American University. Davis and North Launch Neoclassical Institutional Theory This book is an early major […]

The Corporation and the Twentieth Century: The History of American Business Enterprise

Published by EH.Net (March 2024). Richard Langlois. The Corporation and the Twentieth Century: The History of American Business Enterprise. Princeton: Princeton University Press, 2023. xii + 799 pp. $50 (hardcover), ISBN 978-0691246987. Reviewed for EH.Net by Amanda G. Gregg, Middlebury College.   In Alfred Chandler’s The Visible Hand, the American managerial corporation emerged to take […]

Inventing Ideas: Patents, Prizes, and the Knowledge Economy

Published by EH.Net (December 2023). B. Zorina Khan. Inventing Ideas: Patents, Prizes, and the Knowledge Economy. New York: Oxford University Press, 2020. xiii + 462 pp. $35.99 (paperback), ISBN 978-0190936082. Reviewed for EH.Net by Mike Andrews, University of Maryland Baltimore County.   At a time when there are calls to create an entrepreneurial state (Mazzucato, […]

Adam Smith’s America: How a Scottish Philosopher Became an Icon of American Capitalism

Published by EH.Net (September 2023). Glory M. Liu. Adam Smith’s America: How a Scottish Philosopher Became an Icon of American Capitalism. Princeton: Princeton University Press, 2022. xxxii + 346 pp. $35 (hardback), ISBN 978-0691203812. Reviewed for EH.Net by Lanny Ebenstein, University of California, Santa Barbara.   Glory Liu’s Adam Smith’s America has been decidedly praised, […]

The Postwar Economic Order: National Reconstruction and International Cooperation

Published by EH.Net (August 2023). Albert O. Hirschman. The Postwar Economic Order: National Reconstruction and International Cooperation. Edited by Michele Alacevich and Pier Francesco Asso. New York: Columbia University Press, 2023. viii + 342 pp. $30.00 (paperback), ISBN 978-0231200592. Reviewed for EH.Net by Richard Pomfret, Adjunct Professor of International Economics at Johns Hopkins University SAIS […]

The Journey of Humanity: The Origins of Wealth and Inequality

Published by EH.Net (June 2023). Oded Galor. The Journey of Humanity: The Origins of Wealth and Inequality. New York: Dutton, 2022. 301 pp. $28 (hardcover), ISBN 978-0593185995. Reviewed for EH.Net by Nicolas L. Ziebarth, Auburn University and NBER.   Oded Galor is not one for understatement. In the introduction he states that the goal of […]

Insurance Era: Risk, Governance, and the Privatization of Security in Postwar America

Published by EH.Net (December 2022). Caley Horan. Insurance Era: Risk, Governance, and the Privatization of Security in Postwar America. Chicago: The University of Chicago Press, 2021. 251 pp. $40 (cloth), ISBN 978-0226784380. Reviewed for EH.Net by Melissa Thomasson, Department of Economics, Miami University. In this book Caley Horan explores the marketing, investment, and underwriting practices […]

Boom and Bust: A Global History of Financial Bubbles

Published by EH.Net (June 2022). William Quinn and John D. Turner. Boom and Bust: A Global History of Financial Bubbles. Cambridge UK: Cambridge University Press, 2020. viii +288 pp. $24.95 (hardcover), ISBN 978-1-108-42125-6. Reviewed for EH.Net by Mary Tone Rodgers, Professor of Finance, State University of New York at Oswego.   In this easily read […]

A New Balance of Payments for the United States, 1790–1919: International Movement of Free and Enslaved People, Funds, Goods and Services

Published by EH.Net (May 2022). Lawrence H. Officer. A New Balance of Payments for the United States, 1790–1919: International Movement of Free and Enslaved People, Funds, Goods and Services. New York: Palgrave Studies in American Economic History, Palgrave Macmillan, 2021. xxxiii + 415 pp. $150 (hardcover or paper), ISBN 978-3-030-66098-7. Reviewed for EH.Net by John […]

Promoting Global Monetary and Financial Stability: The Bank for International Settlements after Bretton Woods, 1973–2020

Published by EH.Net (March 2022). Claudio Borio, Stijn Claessens, Piet Clement, Robert N. McCauley, and Hyun Song Shin, eds. Promoting Global Monetary and Financial Stability: The Bank for International Settlements after Bretton Woods, 1973–2020. Cambridge: Cambridge University Press, 2020. xviii + 268 pp. $110 (hardback), ISBN 9781108495981. Reviewed for EH.Net by Hugh Rockoff, Department of Economics, Rutgers […]