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#economichistory

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IHC

✍️ We've opened a call for papers for the international workshop "Connected histories of economic planning in Southern Europe 1945-1989", which we will host on 17-18 June.

The purpose of this workshop is to expand the study of economic planning, focusing on the specific trajectories of Southern European countries.

ℹ️ ihc.fcsh.unl.pt/en/events/conn

@histodons
@histodon
@economics

Illustrative picture for the international workshop “Connected histories of economic planning in Southern Europe 1945-1989”. Lisbon, Nova FCSH, 17 and 18 June 2025. The background is drawing of a map of Europe made of small colourful dots.
#Histodons#EconomicHistory#Economics
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Miguel Afonso Caetano

"Hugo de Camps Mora: One of your main arguments is that, if this particular group has managed to reach our times given the existing disdain toward them, it is because they have been expected and sometimes even been forced to act in very particular ways. How have the rich been expected to behave in order to achieve some level of legitimacy?

Guido Alfani: So as I have just explained, this increase in the degree of disdain toward the rich happens very clearly by the end of the Middle Ages. The point is that these commoners continued to grow richer and richer, and nobody could stop them. Then society was forced to adapt to this reality: by the fifteenth century, it wasn’t possible anymore to simply say, “okay, all the rich are sinners.” They were there, and they were a part of society.

That’s when you start finding a reflection on how they can help society as a whole. And a very effective way of putting this is that used by Poggio Bracciolini, an Italian humanist who in the early fifteenth century writes a treatise on avarice. He basically says that the rich in a city are like a private barn of money. And they function in a way similar to the public granaries that are set up to face the threat of famine. His point is that, if you have a crisis and you need help — and in particular financial resources, because, for example, you need to pay for war and defense — you are not going to ask the poor for help, because they will not have anything to give you.

Instead, you can ask the rich, because their private resources can be used for public benefit. And you can ask them, kindly, “Can you please lend us some money?” And if they don’t, you can, less kindly, force them to lend money or tax them, or you can even expropriate them to some degree. Across the early modern period, we find that these forced loans were quite ubiquitous in pretty much all the states of Europe in times of need."

jacobin.com/2025/01/wealth-ari

jacobin.comHating the Rich Is a Western TraditionAs far back as Aristotle, Western thinkers have been deeply critical of the power that the wealthy hold over society. Historian Guido Alfani sat down with Jacobin to discuss the long history of opposition to elite power in Western politics and religion.
#EconomicHistory#Inequality#MiddleAges
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Miguel Afonso Caetano

"‘Liberal’ and ‘capitalist’ paired as a hyphenated compound word seems like an oxymoron, leaving one to wonder, what do civil liberties and democracy have to do with an economic system that often infringes on the aforementioned liberal defining characteristics? Well, A History of Capitalist Transformation: A Critique of Liberal-Capitalist Reforms by Giampaolo Conte analyzes the historical scope of capitalist reforms, particularly through the British economy, under the guise of liberalism from the nineteenth century and beyond. In just four chapters, while grazing the philosophy of Marxism through figures like Antonio Gramsci, Conte offers a clarifying historical perspective on the evolution of capitalist reforms. Conte’s engagement in this historical project reignites a conversation on the ability of capitalism, a system that thrives on exploitation and violence, to textually morph into an ostensibly paradoxical philosophy, that is, liberalism, to gain submission (domestically and internationally), expand dominance and accumulate capital. A History of Capitalist Transformation displays how domestic social classes and semi-peripheral states (developing nations) have both fallen prey to the expansion of internal and external capitalist reforms. According to Conte, the action of falling prey is caused by the presentation of liberal-capitalist reforms as they are presented through the cultural, moral and civic values of liberalism and not the violent and individualist values of capitalism (38)."

marxandphilosophy.org.uk/revie

marxandphilosophy.org.uk‘History of Capitalist Transformation: A Critique of Liberal-Capitalist Reforms’ by Giampaolo Conte reviewed by Julia Bradley‘Liberal’ and ‘capitalist’ paired as a hyphenated compound word seems like an oxymoron, leaving one to wonder, what do civil liberties and democracy have to do with an economic system that often infringes on the aforementioned liberal defining characteristics? Well, A History of Capitalist Transformation: A Critique of Liberal-Capitalist Reforms by Giampaolo Conte analyzes the historical scope of capitalist reforms, particularly through the British economy, under the guise of liberalism from the nineteenth century and beyond. In just four chapters, while grazing the philosophy of Marxism through figures like Antonio Gramsci, Conte offers a clarifying historical perspective on the evolution…
#Capitalism#Liberalism#EconomicHistory
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Miguel Afonso Caetano

"Unlike Anderson, I don’t believe the history of the 19th and 20th centuries has already been completely written according to some intellectual canon be it Marxist or otherwise, so that we can simply learn from and extend that narrative into the present. I believe that the challenge of discovering the world at work around us is continuously renewed for us by the drama of modern history and protean change. I don’t start from the premise that I already know what the structure is, because I think that’s an open question—history is still unfolding in dramatic ways, continuously producing new realities and new forms of knowledge that subvert previous understandings. Far from being some kind of left-liberal sellout, I consider this a more self-reflexive, realistic and, to be honest, more radical position than the one Anderson inhabits.

Crucially, though it is of course a privilege to be read by Anderson and he was right to read the middle three of my books – Deluge, Wages and Crashed – as a trilogy, he didn't read the first book. So he doesn't really grasp what I am trying to do. Of the three books he did read, The Deluge is the toughest and least forgiving politically. It is a book that offers a nuanced but unorthodox reading of Lenin, a figure I find both fascinating and disturbing. Anderson, in his academic Marxism, pretends to have a deep affinity for Lenin and is correspondingly offended by my critical take.

On the other hand, Anderson simply does not seem to understand the argument about global political economy being made in Deluge and Wages. He takes too lightly an understanding of the balance of global power, which is not rooted in the superficial attachment to American power that he attributes to me ad hominem. He suggests I have some romantic infatuation with America whilst ignoring altogether the undergirdings of my analysis."

adamtooze.substack.com/p/chart

Chartbook · Chartbook 341 On thinking in medias res: An Interview with Ding Xiongfei from the Shanghai Review of Books (summer 2024)By Adam Tooze
#PoliticalEconomy#Marxism#GeoPolitics
Continued thread
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Early Modern Diplomacy

After his marriage in 1550, Anton Meuting worked as an independent merchant, especially in and with #Spain, where he established himself as a cultural broker between the #court in #Munich and the court in #Madrid and was active in various fields - the purchase and sale of goods, financial services. From 1560, he was regularly mentioned as a supplier of jewellery, devotional objects, silk, clothing and accessories to the Bavarian ducal court. (3/6)

#emdiplomacy #NewDiplomaticHistory #EconomicHistory #CourtStudies #Bavaria #history #histodons #adventCalendar #adventCalendar2024

@histodons @historikerinnen @earlymodern

Continued thread
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Early Modern Diplomacy

Anton Meuting was son of Lukas Meuting, a merchant from #Augsburg who worked for the famous House of #Fugger. His brother-in-law did not only establish the branch of the trading company of the House of #Welser, the second famous Augsburg based merchant and banking family, at the Spanish #court but also provided an excellent and exceptional education abroad for Anton, including the acquisition of language skills in Spanish, the practising of a ‘courtly’ habitus and building up a network of contacts. Thus, Anton Meuting was well connected to the two most important European merchant families of his time.

By the way, did you know that these competing merchant families are now united in their very own museum?

fugger-und-welser-museum.de

(2/6)

#earlymodern #emdiplomacy #NewDiplomaticHistory #Spain #courtStudies #history #histodons #HRE #trade #adventCalendar #EconomicHistory #AdventCalendar2024

@histodons @historikerinnen @earlymodern

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Miguel Afonso Caetano

SPOT ON!!! You really to have to understand political economy, monetary economics, and economic history to tackle the current historical macro-scenario -

👉 "The next question is whether the protectionist policies espoused by Mr. Trump can save the people who are asking for his help. Unfortunately, the trade wars of the 1930s suggest the answer is probably “No.”

In the 1930s, the global economy was thrown into turmoil by the sharp increases in US import duties implemented in 1930 under the Smoot-Hawley Tariff Act and the retaliatory tariffs by other nations that followed. The value of global trade plunged 66% from the peak, and economies around the world suffered heavily.

The resulting economic turmoil eventually led to World War II. The US, which got through the greatest tragedy in human history by mobilizing its military capabilities, decided the world must never repeat this mistake. To that end, it introduced the system of free trade symbolized by the 1947 GATT (General Agreement on Tariffs and Trade).

This US-led free trade system produced unprecedented prosperity for humanity, but cracks began to appear when the nature of the currency market changed after the developed nations began liberalizing capital flows in 1980.

Today, just as in the 1930s, free trade is facing a potential crisis in the form of a sharp increase in US tariffs. If the authorities seriously wish to avoid this outcome, I think the nations of the world must come together and carry out an exchange rate adjustment similar to the Plaza Accord." 👈

ineteconomics.org/perspectives

#USA #Trump #Protectionism #FreeTrade #USTariffs #TradeWar #PoliticalEconomy #MonetaryPolicy #EconomicHistory
ineteconomics.org/perspectives

Institute for New Economic ThinkingTrump, Tariffs, and Exchange Rates: The Message of Elections in the US and JapanWhat Japan, the US, and Europe have in common is growing popular anger over the economy despite high stock prices and low unemployment.
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Damián

A lagoa de Antela, desecada pola ditadura franquista, foi un área moi relevante no comercio internacional de sambesugas. Este artigo científico publicado na revista Medical History amosa como era o comercio das sambesugas, a lexislación vinculada, as solucións tecnolóxicas e a importancia económica do mercado hispano-francés desde a década de 1820 ate ben avanzado o século XIX. + info: doi.org/10.1017/mdh.2024.5
#sambesugas #lagoadeantela #leeches #historiaeconomica #economichistory #ruralhistory

Mapa do século XIX que mostra a localización xeográfica da Lagoa de Antela, situada na zona da Limia, na provincia de Ourense
Esta é unha entrada do Diccionario de Madoz, de mediados do século XIX, que amosa como as sambesugas de Antela eran moi apreciadas a nivel internacional, con exportación ata Francia
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Emeritus Prof Christopher May

#RIPNickCrafts

For anyone interested in #economics, at one time or another you will have come across #economichistory written by Nick Crafts who has passed aged 74 last week.

For those interested in the debates about the #industrialrevolution his work was indispensable.

Sadly, in the last decades economics seems to have been marginalising work like Crafts, with the exception of some cliometrics, and is the worse for this absence of #history from its central concerns.

A great scholar!

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Ryan C. Smith

Episode 2 of A History of Capitalism is now live! In this week's episode, we talk about pre-modern trade. Trade across three continents was not an easy task. In this episode we meet the merchants and markets who made goods move through the eyes of Marco Polo and Ibn Battuta.

Listen here, on Spotify, iHeart, and wherever you get your podcasts!
spreaker.com/user/17170422/mer

#podcast
#History
#economics
#economichistory
#capitalism
#Trade
#merchants
@histodons
@econhist

SpreakerMerchants, Markets, and TradeTrade across three continents was not an easy task. In this episode we meet the merchants and markets who made goods move through the eyes of Marco Polo and Ibn Battuta. Episode Bibliography: Oxford History of Medieval Europe by George Holmes Re-Orient: Global Economy in the Asian Age by Andre Gunder-Frank A History of Islamic Civilizations by Ira M. Lapidus The Rihla by Ibn Battuta The Travels of Marco Polo by Marco Polo
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IHC

🆕 Congratulations to Ricardo Noronha, one of three researchers selected by the panel of the NOVA School of Social Sciences and Humanities to receive Exploratory Funding , in order to support an application to a European project. 👏👏👏

👉 Find out more on our website: ihc.fcsh.unl.pt/en/ricardo-nor

@histodons

Instituto de História ContemporâneaRicardo Noronha receives exploratory funding from FCSH | News | IHCRicardo Noronha was one of three researchers selected to receive Exploratory Funding from the NOVA School of Social Sciences and Humanities
#histodons#EconomicHistory#SouthernEurope
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