In this collection of 10 essays, Donald McCloskey refutes the widespread notion that Britain's present economic difficulties date from the failure of Victorian businessmen. As one of the pioneers of the "cliometric" movement, he uses economics to analyse the British economy's effectiveness in the last century and argues lucidly that economic rationality is not a product of recent times. He also dispels the twin myths that there was never enough information to apply modern economic analysis to the past or that economics itself can survive without historical perspective. Enterprise and Trade in Victorian Britain is a major work of historical economics and should be valuable reading for students of the "cliometric" economic history of Britain, microeconomics and international trade, and historical method.
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The essays in this book focus on the controversies concerning Britain's economic performance between the mid-nineteenth century and the First World War. The overriding theme is that Britain's own resources were consistently more productive, more resilient and more successful than is normally assumed. And if the economy's achievement was considerable, the influence on it of external factors (trade, international competition, policy) were much less significant than is normally supposed.
The book is structured as follows: Part One: The Method of Historical Economics Part Two: Enterprise in Late Victorian Britain Part Three: Britain in the World Economy, 1846-1913.
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Book Description George Allen & Unwin, 1981. Paperback. Book Condition: New. Bookseller Inventory # DADAX0049421719