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The emergence of a national economy : the United States from independence to the Civil War /
series editors, edited by Warren J. Samuels ... [et al.].
London ; Brookfield, Vt. : Pickering & Chatto, 2004.
6 v. ; 24 cm.
1851967508 (set : hardcover : alk. paper)
More Details
London ; Brookfield, Vt. : Pickering & Chatto, 2004.
1851967508 (set : hardcover : alk. paper)
contents note
v. 1. Organization of the national economy / edited by Malcolm Rutherford -- v. 2. Creating a national system of taxation / edited by Marianne Johnson -- v. 3. The national bank, money, credit, and debt, 1776-1820 (pt. 1) / edited by Marianne Johnson -- v. 4. The national bank, money, credit, and debt, 1776-1820 (pt. 2) / edited by Malcolm Rutherford -- v. 5. Nationalism and applied issues : 1820 to the Civil War / edited by William J. Barber -- v. 6. Sectionalism : 1820 to the Civil War / edited by William J. Barber.
general note
"This second part of the Early American economic thought collection consists of six volumes"--V. 1, introd.
Facsimiles reprinted from various sources.
catalogue key
Includes bibliographical references and index.
A Look Inside
Full Text Reviews
Appeared in Choice on 2005-03-01:
Early American economic thought has been largely ignored, especially relative to the British (Smith, Ricardo, Malthus), although it used to be taught in every economics program. British writers tended to situate their work within the earlier literature, creating a body of British economic thinking. In contrast, much of the American literature was more practical, relating to specific economic problems. American writers tended to relate their work to that of British and occasionally French authors, and a few did manage to make theoretical breakthroughs--most notably, Henry Carey and John Rae. This set reproduces in facsimile the texts of early American economic writers, and the editors did an excellent job in their selection of materials to include. Some works, such as Hamilton's "Report on Manufacturers," are readily available, but most are not. Individual volumes are organized topically: organization of the national economy; creating a national system of taxation; the national bank, money, credit, and debt, 1776 to the Civil War (2 v.); and sectionalism, 1820 to the Civil War. The editors offer a brief 11-page overview of the collection as well as a useful index. In addition, they provide short, generally single-page introductions to the individual works. Giving the reader a fuller understanding of the material would make the collection far more valuable, especially because an author such as Carey wrote a great deal about the economy over an extended period of time. As a result, readers are unlikely to study these volumes in their entirety unless they have a preexisting interest in, or at least a moderate familiarity with, the context of each individual work. This defect is all the more disappointing because of the expertise of the editors, who are all distinguished historians of economic thought. A companion volume filling out the careers and social context of these works would add considerable value to this collection. Nevertheless, this set is an important resource for well-endowed libraries that can afford the price. See also part 1 in this series, Foundations of the American Economy (CH, Nov'03, 41-1664), and part 3 The Development of the National Economy (2004). ^BSumming Up: Highly recommended. Upper-division undergraduate through research collections. M. Perelman California State University, Chico
Review Quotes
'This set reproduces in facsimile the texts of early American economic writers, and the editors did an excellent job in their selection of materials to include ... Highly recommended.'
This item was reviewed in:
Reference & Research Book News, November 2004
Choice, March 2005
To find out how to look for other reviews, please see our guides to finding book reviews in the Sciences or Social Sciences and Humanities.
Bowker Data Service Summary
This collection brings together a comprehensive selection of documents from the history of US and Canadian economic thought from the 17th century through to 1900.
Description for Reader
American Studies, Economic History
Main Description
Of primary importance here are writings concerning the construction of a national economy and what economic interests the federal government should promote and protect, including discussions of agriculture versus manufacturing, and protectionism versus free trade. Also included are discussions of slavery, texts addressing taxation and national infrastructure investment and the expansion of the frontiers of the United States.
Main Description
This edition covers the period between the American Revolution and the American Civil War. This era is characterized, on one hand, by important policy debates on nation building, and on the other, by a tendency within American economics towards greater sophistication and independence from European thinking.In the immediate post-colonial period, one of the first issues of contention that arose concerned that of industrialization, or the respective roles of agriculture and manufacturing, and the parallel debate over the division of economic powers between states and the federal government. These disagreements expressed themselves in the political division between Republicans and Federalists. The individuals representing the extremes of this argument were Thomas Jefferson and George Logan on the side of agriculture and republicanism, and Alexander Hamilton on the side of industrialization and federalism. Writers such as William Barton and Tench Coxe occupied a middle ground by advocating a 'balanced economy'.During the 1820s and up to the Civil War, a specific American and nationalist perspective on political economy developed. Models from the Old World were regarded to be out of touch with the realities of America's resource endowment and territorial expanse that would guarantee economic growth. Optimism prevailed culminating in the view that America, unlike Europe, was a classless society, a society that would provide for wider income distribution and greater access to education than its European counterparts.While the aboriginal population hardly figured in American writings on political economy in the first half of the nineteenth century, the slave population in the southern states received considerable attention. Views on slavery varied widely. Some argued that slavery was justified because the soil and climate of the deep South incapacitated white labour in the summer months. In contrast, lone voices stood out from the pack when predicting the natural death of slavery within a century, because real wages would ultimately fall to the point that slave masters would find it unprofitable to feed slaves.

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