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Full-Text Articles in Economic History

Antitrust Energy, D. Daniel Sokol, Barak Orbach Nov 2014

Antitrust Energy, D. Daniel Sokol, Barak Orbach

D. Daniel Sokol

Marking the centennial anniversary of Standard Oil Co. v. United States, we argue that much of the critique of antitrust enforcement and the skepticism about its social significance suffer from “Nirvana fallacy” — comparing existing and feasible policies to ideal normative policies, and concluding that the existing and feasible ones are inherently inefficient because of their imperfections. Antitrust law and policy have always been and will always be imperfect. However, they are alive and kicking. The antitrust discipline is vibrant, evolving, and global. This essay introduces a number of important innovations in scholarship related to Standard Oil and its modern applications ...


An Academic Parable: Robert W. Fogel's Raft, Heitor Moura Filho Apr 2014

An Academic Parable: Robert W. Fogel's Raft, Heitor Moura Filho

Heitor Moura Filho

The book Time on the Cross: The Economics of American Negro Slavery, by Robert W. Fogel and Stanley L. Engerman achieved great fame as a revolutionary interpretation of North American slavery, even though at the time it was criticized in detail by specialists in quantitative economic history. We believe that to quote it as a pioneering quantitative study of slavery has become an academic “meme”, which does not adequately reflect the severe criticism suffered by the book during the years following its publication. This text looks back to the book’s release and the subsequent debates in the ideological and ...


Finanzkapital And Consumers: How Financialization Shaped Twentieth Century Marketing, Nikhilesh Dholakia Feb 2013

Finanzkapital And Consumers: How Financialization Shaped Twentieth Century Marketing, Nikhilesh Dholakia

Nikhilesh Dholakia

Purpose – By tracing the history of the links of financialization to consumer behaviors and marketer actions in the twentieth century, this paper aims to show that consumer market phenomena are often shaped by the imperatives of finance. Design/methodology/approach – The paper employs selective historical overviews, mainly focusing on the USA, of four tranches of the past century: the run up to the Great Depression; from post-Depression to the Second World War; the post-Second World War Bretton Woods system and its collapse in the 1970s; and the increasingly risk-charged last three post-Bretton Woods decades of the twentieth century. Findings – The ...


Comments On Geraghty, Márquez, And Vizcarra, George R. Boyer Jan 2012

Comments On Geraghty, Márquez, And Vizcarra, George R. Boyer

George R. Boyer

Professor Boyer reviews and comments upon the three dissertations that were finalists for the Alexander Gerschenkron Prize in 2002.


The Economic Role Of The English Poor Law, 1780-1834, George R. Boyer Jan 2012

The Economic Role Of The English Poor Law, 1780-1834, George R. Boyer

George R. Boyer

[Excerpt] Over the 85-year period from 1748/50 to 1832/34, real per capita expenditures on poor relief increased at an average rate of approximately 1 percent per year. There were also important changes in the administration of relief with respect to able-bodied laborers during the period. Policies providing relief outside of workhouses to unemployed and under-employed able-bodied laborers became widespread during the 1770s and 1780s in the grain-producing South and East of England. The so-called Speenhamland system of outdoor relief flourished until 1834, when it was abolished by the Poor Law Amendment Act. The aim of the thesis is ...


From National Monopoly To Multinational Corporation: How Regulation Shaped The Road Towards Telecommunications Internationalisation, Judith Clifton, Daniel Díaz-Fuentes, Francisco Comín Aug 2011

From National Monopoly To Multinational Corporation: How Regulation Shaped The Road Towards Telecommunications Internationalisation, Judith Clifton, Daniel Díaz-Fuentes, Francisco Comín

Judith Clifton

One of the consequences of major regulatory reform of the telecommunications sector from the end of the 1970s – particularly, privatisation, liberalisation and deregulation – was the establishment of a new business environment which permitted former national telecommunications monopolies to expand abroad. From the 1990s, a number of these firms, particularly those based in Europe, joined the rankings of the world's leading multinational corporations. Their internationalisation was uneven, however: while some firms internationalised strongly, others ventured abroad much slower. This article explores how the regulatory framework within which telecommunications incumbents evolved over the long-term shaped their subsequent, uneven, paths to internationalisation ...


Câmbio De Longo Prazo Do Mil-Réis. Uma Abordagem Empírica Referente Às Taxas Contra A Libra Esterlina E O Dólar (1795-1913), Heitor Moura Filho Jan 2009

Câmbio De Longo Prazo Do Mil-Réis. Uma Abordagem Empírica Referente Às Taxas Contra A Libra Esterlina E O Dólar (1795-1913), Heitor Moura Filho

Heitor Moura Filho

Short-term and long-term exchange rates of the Brazilian imperial Mil-Reis to the US Dollar are estimated from 1795 to 1913