Essays in economics and business history
Many small business owners complained that Republican tax policies favoured larger firms, which took advantage of loopholes and provisions for writing off the depreciation of large assets. Also, the more coercive and comprehensive were the measures required to reduce domestic consumption and allow national saving.
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Small business owners are frequently described as virtuous, self-reliant, and independent — the same characteristics Thomas Jefferson ascribed to free farmers in pre-industrial society, or that Max Weber used to explain the Protestant work ethic which, he argued, undergirded industrial capitalism in the late 19th century. Why does all this matter? From the breakdown of party authority to tribalist politics and hyper-partisanship, residential and educational re-segregation to media segmentation, fracture dominates. The dissolution of the classical corporation emerged alongside a new business focus on portfolio management and short-term valuation. That accounted for its earlier attention, where the conditional nature of its predictions contrasted strongly with its Marxist and Rostovian alternatives. The work presented seems immense, as for each historiographic question there is a list of authors who provide an answer and the answer itself. He provided no topic, no suggestion of sources, no regular guidance, no timetable for conclusion. Just as important, small business, by virtue of its limited scale and scope, avoids the moral baggage often attributed to Big Business — bureaucracy, market manipulation, and good-old-boy networking, for example. Find out more Small business is the hero of modern capitalism.
The rapid pace of development in East Asia, for example, has inspired a whole set of major works over the last fifteen years, seeking to ascertain how a region, apparently condemned to continuing stagnation by religion, language and tradition, could spurt ahead in the s and subsequent periods.
That book attacked the Junkers for their exploitation of the rest of the German population, and earned him promotion to the rank of Instructor with the opportunity to teach courses.
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Cliometrics was the new terminology. There ideas for dissertations were discussed and quantitative techniques evaluated. Reagan — whose pre-political private sector experiences lay in Hollywood and at General Electric, two exemplars of midth century Big Businesses — positioned himself as a populist defender of the people even while promoting an economic vision rooted in the interests of concentrated wealth. Also, the more coercive and comprehensive were the measures required to reduce domestic consumption and allow national saving. Rare is the sophisticated course in political economy that does not assign his model of relative backwardness as a required reading. It was not his direct dissertation supervision that was responsible. Not surprisingly, upon reaching the mandatory retirement age of 65 in , he was offered a further five years. Dealing with recency may reduce the risks of a history written by the survivors or by the winners. Backwardness was at the root of his model of late-comer economic development.
A British government official made the unverifiable claim that firms with fewer than five employees made 95 per cent of radical innovations. Published by EH.
This was a period when relationships with the Soviet Union became central to the United States, and when there were few others with his knowledge, interest and immense capacity to immerse himself in any and all information.
Given the amount of information presented, it seems like an electronic version of this chapter, with the option of electronically searching it, would be useful as a working tool for a scholar interested in this kind of research.
But the important novelty, and a decisive point in his career, was the invitation from Charles Gulick, a Berkeley professor whom he had earlier helped in his research in Austria, to come to the United States. President Franklin Roosevelt worried that the law would hamper economic recovery, but signed it anyway in a gesture toward the popularity of the cause.
Should one renationalize after the extraordinary privatization that has occurred over the last decade or so? Success was indicated by proportionally more rapid growth in later developers, signaled by a decisive spurt in industrial expansion. While he did explicitly treat Austria as a failed case, it was not a central part of his theoretical structure.
For the small crop of students who wrote with him over more than a decade went on to leadership as the field of economic history was just changing back from an historical emphasis to an economic one.
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