Boldizzoni again

Gracias por el reblog, Sebas!

economichistorybar

Hola, aprovecho a repostear un comentario de Manuel Bautista sobre un paper de Boldizzoni. Como se comentó por acá el libro de él, subo este comentario para fomentar el debate!

http://nephist.wordpress.com/2013/11/16/the-otherness-of-the-past-economic-history-and-policy-in-the-age-of-disenchantment/

 

abrazo grande, 

seba 

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“Empire State of Mind”: The Land Value of Manhattan, 1950-2013

IT’S BOTH CURVES IN THE REAL ESTATE MARKET DIAGRAM, STUPID: HISTORY, SUPPLY- AND DEMAND-SIDE HOUSING POLICIES IN MANHATTAN. MY BLOG POST FOR NEP-HIS THIS WEEK. In an island worth $825 billion dollars, a mixture of technical expertise and political willingness to act both in favor of people’s right to a decent home on the demand-side and against created interests on the supply-side are rather necessary to solve the urgent housing problems of New York City, which have only aggravated since the beginning of the Great Recession.

“Empire State of Mind”: The Land Value of Manhattan, 1950-2013

Piketty and Marx: Or, why no one needs to read anything

The Charnel-House

Less than a week ago, Jacobin magazine enumerated a list of nine canned responses criticizing the French neo-Keynesian economist Thomas Piketty’s book Capital in the Twenty-First Century. Zachary Levenson gave us the guide for “How to Write a Marxist Critique of Thomas Piketty without Actually Reading the Book.” It ranges between Marx and Piketty’s radically different conceptions of capital to the latter’s conflation of derivatives stemming from finance and industry. “Capital in the Twenty-First Century is a long book,” Levenson writes, sympathizing with his readers, “and you just don’t have time in your busy schedule to finish it and formulate a materialist critique.” Don’t worry, he urges, “we’ve got you covered.”

No doubt: there’s plenty of truth to such a list, conceived as it is in parody. Many self-proclaimed Marxists are quite eager to dismiss the latest fad in social liberal economic thought, and counterpose the trenchant historical critique…

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Learning Statistics Through Dance

Learning Statistics Through Dance

Four short films demonstrating statistical concepts through dance. The concepts are: correlation, variance, frequency distributions, sampling and standard error. Project title: ‘Communicating Psychology to the Public through Dance’ (AKA ‘Dancing Statistics’) 

Book Presentation: The Economic Development of Latin America Since Independence (New York, January 31st, 2013)

Photography by Manuel A. Bautista Gonzalez.

It has been well over a year of the presentation of “The Economic Development of Latin America Since Independence,” held at Columbia University in the City of New York, with the participation of José Antonio Ocampo (co-author, SIPA/Columbia), Alan Dye (Barnard College) and John H. Coatsworth (Columbia University), moderated by Pablo Piccato in Columbia University in the City of New York, on January 31, 2013.

I am biased to believe the contents of the book presentation are still relevant. I post this transcript to pay a debt to my Uruguayan friend and colleague Sebastián Fleitas (University of Arizona), who aided Luis Bértola and José Antonio Ocampo as a research assistant for this book. The transcript would certainly benefit from (even) more editing. But as it happens most frequently in grad school, I lack the time to do that. Without further ado, here’s the baby whose birth took 15 months (!).

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“As in the modern world.” Foreign and Domestic Equities in the London Stock Exchange, 1869-1928

Comment on foreign and domestic equities in the London Stock Exchange, 1869-1928 for NEP-HIS

The NEP-HIS Blog

Interior of the London Exchange, The Illustrated London News, March 25, 1854. Interior of the London Exchange, The Illustrated London News, March 25, 1854.

Bloody Foreigners! Overseas Equity on the London Stock Exchange, 1869-1928.

by Richard S. Grossman, Wesleyan University (rgrossman@wesleyan.edu)
Abstract: This paper presents data on quantity, capital gains, dividend, and total returns for domestic and overseas equities listed on the London Stock Exchange during 1869-1928. Indices are presented for Africa, Asia, Europe, Latin America, North America, Australia/New Zealand and for the finance, transportation, raw materials, and utilities sectors in each region. Returns and volatility were typically highest in emerging regions and the raw materials sector. Dividend yields were similar across regions and differences in total returns were due largely to disparities in capital gains. Returns of firms in more industrial markets were relatively highly correlated with each other and with developing regions with which they had substantial colonial or trade connections. Contingent liability was most extensively employed where leverage…

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A panel proposal that never was

The Virtues and Vices of Making Money in America

The functioning of a capitalist economy necessitates means of payment and vehicles for credit with which business can be conducted and expanded. The seasonality of agriculture, industrial production, and the nature itself of trade require money and credit to lubricate market exchange.

When talking about money in a historical perspective, instances of virtue follow very closely moments of vice. In the American case, for example, when the thirteen colonies became independent virtue was to be delivered in the promise of sovereign money issued directly in the continent. Nevertheless, the monetary experiments handled by the states in the period of Confederation led to a rather vicious situation, similar to countries enacting beggar-thy-neighbor trade policies. Virtue came again with institutional reforms adopted under the guidance of Alexander Hamilton and the rise of the First Bank of the United States, but soon concerned actors voiced the potential vice carried by the monopoly of issue. After the War of 1812-1815 the Second Bank of the United States emerged to guide the financial development of an industrializing nation, but this came with the cost of limiting the availability of money and credit for the ever-emerging peripheral regions of the country.

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