The Cambridge history of capitalism. Volume 2: The spread of capitalism from 1848 to the present. 2

The second volume of The Cambridge History of Capitalism provides an authoritative reference on the spread and impact of capitalism across the world, and the varieties of responses to it. Employing a wide geographical coverage and strong comparative outlook, a team of leading scholars explore the global consequences that capitalism has had for industry, agriculture, and trade, along with the reactions by governments, firms, and markets. The authors consider how World War I halted the initial spread of capitalism, but global capitalism arose again by the close of the twentieth century. They explore how the responses of labor movements, compounded by the reactions by political regimes, whether defensive or proactive, led to diverse military and welfare consequences. Beneficial results eventually emerged, but the rise and spread of capitalism has not been easy or smooth. This definitive volume will have widespread appeal amongst historians, economists, and political scientists. 1. Introduction: the spread of and resistance to global capitalism Kevin H. O'Rourke and Jeffrey G. Williamson 2. The spread of manufacturing Robert C. Allen 3. Growth, specialization and organization of world agriculture Giovanni Federico 4. Technology and the spread of capitalism Kristine Bruland and David C. Mowery 5. Spread of legal innovations defining private and public domains Ron Harris 6. Firms and global capitalism Geoffrey Jones 7. Enterprise models: freestanding firms versus family pyramids Randall Morck and Bernard Yeung 8. Financial capitalism Ranald Michie 9. International capital movements and the global order Harold James 10. Capitalism and the colonies Gareth Austin 11. Capitalism at war Mark Harrison 12. Modern capitalism: enthusiasts, opponents, and reformers Jeffry Frieden and Ronald Rogowski 13. Labor movements Michael Huberman 14. 'Private welfare and the welfare state' Peter H. Lindert 15. Capitalism and human welfare Leandro Prados de la Escosura 16. The future of capitalism Larry Neal and Jeffrey G. Williamson Index. "Modern economic growth, defined as a sustained rise in per capita income (Kuznets 1966C001-025), has created higher levels of prosperity for many more people on earth than was ever thought possible before it began. Moreover, it began not so very long ago, perhaps as late as the middle of the nineteenth century and certainly not before the end of the seventeenth century." Provides a comprehensive account of the evolution of capitalism from its earliest beginnings to the early 21st century