Business history is littered with stories of missed opportunities, of geniuses that never cashed in on their brilliance, of great men who sold themselves short. Apple Computer with its user-friendly operating system, the McDonald brothers of San Bernardino with their fast-food restaurant are two prime examples. This book is about a similar tragedy, but of greater proportion, namely of the failure of a nation to take advantage of a homegrown technology, of a nation that saw its basic research usurped by a competitor. In short, it is the story of the United Kingdom in the latter part of the...
Business history is littered with stories of missed opportunities, of geniuses that never cashed in on their brilliance, of great men who sold themsel...
First studied by Swiss economist Jean-Charles Leonard Sismonde de Sismondi in 1819, "Making Markets and Making Money: Strategy and Monetary Exchange" examines the strategic aspects of monetary exchange--specifically, of making markets.
Economist Bernard C. Beaudreau, author of "Mass Production, the Stock Market Crash," and "The Great Depression: The Macroeconomics of Electrification," examines the strategic aspects of making markets using basic game theory. Drawing from the archaeological and historical records, Beaudreau documents the prevalence of coordination failures in trade in...
First studied by Swiss economist Jean-Charles Leonard Sismonde de Sismondi in 1819, "Making Markets and Making Money: Strategy and Monetary Exchange" ...
Money talks, goods and services don't. This fundamental distinction is what sets a monetary economy apart from a barter one. As a result, economic growth requires more than capital, labor and energy. Being able to signal one's willingness to purchase goods and services is also required, a "sine qua non" of an advanced industrial economy. Formally, the ability to generate wealth, it therefore follows, is no longer a sufficient condition for growth, but instead, one of two necessary conditions, the other being the ability to monetize (real or nominal) output-the ability to give a voice to what...
Money talks, goods and services don't. This fundamental distinction is what sets a monetary economy apart from a barter one. As a result, economic gro...
Identifying the exclusion of energy as a major oversight in political economy, this study uses basic mechanics and thermodynamics to reexamine the rise of political economy as the science of wealth in the 19th and 20th centuries.
Identifying the exclusion of energy as a major oversight in political economy, this study uses basic mechanics and thermodynamics to reexamine the ris...
The First and Second Industrial Revolutions were about energy: steam power revolutionized 19th-century Great Britain and electric power revolutionized 20th-century America. Yet political economy, the science of wealth born of the First Industrial Revolution, is devoid of energy, focusing instead on machinery or capital. According to basic mechanics, tools per se are not productive, as they are not source of energy. This book uses basic mechanics and thermodynamics to reexamine the rise of political economy as the science of wealth in the 19th and 20th centuries. The study shows that the...
The First and Second Industrial Revolutions were about energy: steam power revolutionized 19th-century Great Britain and electric power revolutioni...
