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The world in depression, 1929-1939

TL;DR: In this paper, the authors present an explanation of the 1929 Depression Bibliography Index and present a table-based approach to the analysis of the stock market crash and the subsequent depression.
Abstract: List of Text Figures List of Tables Foreword Preface 1. Introduction 2. Recovery from the First World War 3. The Boom 4. The Agricultural Depression 5. The 1929 Stock-Market Crash 6. The Slide to the Abyss 7. 1931 8. More Deflation 9. The World Economic Conference 10. The Beginnings of Recovery 11. The Gold Bloc Yields 12. The 1937 Recession 13. Rearmament in a Disintegrating World Economy 14. An Explanation of the 1929 Depression Bibliography Index
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01 Jan 1995
TL;DR: The World Trade Organization (WTO) was established by agreement of more than 120 economies, with almost all the rest eager to join as rapidly as possible as mentioned in this paper, and the agreement included a codification of basic principles governing trade in goods and services.
Abstract: WHEN T H E BROOKINGS Panel on Economic Activity began in 1970, the world economy roughly accorded with the idea of three distinct economic systems: a capitalist first world, a socialist second world, and a developing third world which aimed for a middle way between the first two. The third world was characterized not only by its low levels of per capita GDP, but also by a distinctive economic system that assigned the state sector the predominant role in industrialization, although not the monopoly on industrial ownership as in the socialist economies. The years between 1970 and 1995, and especially the last decade, have witnessed the most remarkable institutional harmonization and economic integration among nations in world history. While economic integration was increasing throughout the 1970s and 1980s, the extent of integration has come sharply into focus only since the collapse of communism in 1989. In 1995 one dominant global economic system is emerging. The common set of institutions is exemplified by the new World Trade Organization (WTO), which was established by agreement of more than 120 economies, with almost all the rest eager to join as rapidly as possible. Part of the new trade agreement involves a codification of basic principles governing trade in goods and services. Similarly, the International Monetary Fund (IMF) now boasts nearly universal membership, with member countries pledged to basic principles of currency convertibility. Most programs of economic reform now underway in the developing world and in the post-communist world have as their strategic aim the

4,840 citations

Book
01 Jan 1986
TL;DR: The sources of social power trace their interrelations throughout human history as discussed by the authors, from neolithic times, through ancient Near Eastern civilizations, the classical Mediterranean age and medieval Europe up to just before the Industrial Revolution in England.
Abstract: Distinguishing four sources of power in human societies – ideological, economic, military and political – The Sources of Social Power traces their interrelations throughout human history In this first volume, Michael Mann examines interrelations between these elements from neolithic times, through ancient Near Eastern civilizations, the classical Mediterranean age and medieval Europe, up to just before the Industrial Revolution in England It offers explanations of the emergence of the state and social stratification; of city-states, militaristic empires and the persistent interaction between them; of the world salvation religions; and of the particular dynamism of medieval and early modern Europe It ends by generalizing about the nature of overall social development, the varying forms of social cohesion and the role of classes and class struggle in history First published in 1986, this new edition of Volume 1 includes a new preface by the author examining the impact and legacy of the work

2,186 citations

Journal ArticleDOI
TL;DR: The authors argue that the tendency of students of international political order to emphasize efficient histories and consequential bases for action leads them to underestimate the significance of rule-and identity-based action and inefficient histories.
Abstract: The history of international political orders is written in terms of continuity and change in domestic and international political relations. As a step toward understanding such continuity and change, we explore some ideas drawn from an institutional perspective. An institutional perspective is characterized in terms of two grand issues that divide students of international relations and other organized systems. The first issue concerns the basic logic of action by which human behavior is shaped. On the one side are those who see action as driven by a logic of anticipated consequences and prior preferences. On the other side are those who see action as driven by a logic of appropriateness and a sense of identity. The second issue concerns the efficiency of history. On the one side are those who see history as efficient in the sense that it follows a course leading to a unique equilibrium dictated by exogenously determined interests, identities, and resources. On the other side are those who see history as inefficient in the sense that it follows a meandering, path-dependent course distinguished by multiple equilibria and endogenous transformations of interests, identities, and resources. We argue that the tendency of students of international political order to emphasize efficient histories and consequential bases for action leads them to underestimate the significance of rule- and identity-based action and inefficient histories. We illustrate such an institutional perspective by considering some features of the coevolution of politics and institutions, particularly the ways in which engagement in political activities affects the definition and elaboration of political identities and the development of competence in politics and the capabilities of political institutions.

2,078 citations

Journal ArticleDOI
TL;DR: Social constructivism addresses many of the same issues addressed by neo-utilitarianism, though from a different vantage and, therefore, with different effect as discussed by the authors. But it also concerns itself with issues that neo-UTilitarianism treats by assumption, discounts, ignores, or simply cannot apprehend within its characteristic ontology and/or epistemology.
Abstract: Social constructivism in international relations has come into its own during the past decade, not only as a metatheoretical critique of currently dominant neo-utilitarian approaches (neo-realism and neoliberal institutionalism) but increasingly in the form of detailed empirical findings and theoretical insights. Constructivism addresses many of the same issues addressed by neo-utilitarianism, though from a different vantage and, therefore, with different effect. It also concerns itself with issues that neo-utilitarianism treats by assumption, discounts, ignores, or simply cannot apprehend within its characteristic ontology and/or epistemology. The constructivist project has sought to open up the relatively narrow theoretical confines of conventional approaches—by pushing them back to problematize the interests and identities of actors; deeper to incorporate the intersubjective bases of social action and social order; and into the dimensions of space and time to establish international structure as contingent practice, constraining social action but also being (re)created and, therefore, potentially transformed by it.

1,233 citations

Journal ArticleDOI
TL;DR: In 1989, peaceful change, which a leading realist theorist had declared a very low-probability event in international politics less than a decade before, accommodated the most fundamental geopolitical shift of the postwar era and perhaps of the entire twentieth century as mentioned in this paper.
Abstract: In 1989, peaceful change, which a leading realist theorist had declared a very low-probability event in international politics less than a decade before, accommodated the most fundamental geopolitical shift of the postwar era and perhaps of the entire twentieth century: the collapse of the Soviet East European empire and the attendant end of the cold war. Many factors were responsible for that shift. But there seems little doubt that multilateral norms and institutions have helped stabilize their international consequences. Indeed, such norms and institutions appear to be playing a significant role in the management of a broad array of regional and global changes in the world system today.

919 citations