"Gambling; or, Fortuna, her temple and shrine" by James Harold Romain explores the intricate relationship between chance and human behavior. The book delves into the psychology of gambling, examining how individuals are drawn to games of chance and the allure of risk. Romain presents a compelling narrative that intertwines historical perspectives on gambling with personal anecdotes, illustrating how fortune can shape lives in unexpected ways. The text serves as both a cautionary tale and a...

A traveler once sought to explore an unknown country. Compass he had not, and both chart and guide were wanting. In the distance a mountain loomed above the plain. To its summit our traveler made his way. From thence he beheld the region stretching away in all directions. The land he would traverse the eye could now sweep from center to circumference. It was not possible to know the landscape in detail, but the relative proportions, distances and boundaries were unfolded at his feet. So, w...

A leading economic historian presents a new history of financial crises, showing how some led to greater globalization while others kept nations apartThe eminent economic historian Harold James presents a new perspective on financial crises, dividing them into "good" crises, which ultimately expand markets and globalization, and "bad" crises, which result in a smaller, less prosperous world. Examining seven turning points in financial history—from the depression of the 1840s through...

A history of the steel and arms maker that came to symbolize the best and worst of modern German historyThe history of Krupp is the history of modern Germany. No company symbolized the best and worst of that history more than the famous steel and arms maker. In this book, Harold James tells the story of the Krupp family and its industrial empire between the early nineteenth century and the present, and analyzes its transition from a family business to one owned by a...

How philosophical differences between Eurozone nations led to the Euro crisis—and where to go from hereWhy is Europe's great monetary endeavor, the Euro, in trouble? A string of economic difficulties in Greece, Ireland, Spain, Italy, and other Eurozone nations has left observers wondering whether the currency union can survive. In this book, Markus Brunnermeier, Harold James, and Jean-Pierre Landau argue that the core problem with the Euro lies in the philosophical...

A timely call for recovering the true meanings of the nineteenth-century terms that are hobbling current political debatesNationalism, conservatism, liberalism, socialism, and capitalism are among the most fiercely debated ideas in contemporary politics. Since these concepts hark back to the nineteenth century, much of their nuanced meaning has been lost, and the words are most often used as epithets that short-circuit productive discussion. In this insightful book...

Making a Modern Central Bank examines a revolution in monetary and economic policy. This authoritative guide explores how the Bank of England shifted its traditional mechanisms to accommodate a newly internationalized financial and economic system. The Bank's transformation into a modern inflation-targeting independent central bank allowed it to focus on a precisely defined task of monetary management, ensuring price stability. The reframing of the task of central banks, however, left them...

Europe Contested analyses the failures and achievements of an astonishing era of economic advance and political chaos, from the First World War up to the present day.Beginning with the Great War, the book goes on to examine connections between the self-destruction of liberal democracy, market economics, and the international political and security framework in the interwar period. It then considers the mass politics that surrounded the glorification of new-style leaders Le...

World War I created a set of forces that affected the political arrangements and economies of all the countries involved. This period in global economic history between World War I and II offers rich material for studying international monetary and sovereign debt policies. Debt and Entanglements between the Wars focuses on the experiences of the United States, United Kingdom, four countries in the British Commonwealth (Australia, New Zealand, Canada, Newfoundland), France, Italy, Germany, ...

"Globalization" is here. Signified by an increasingly close economic interconnection that has led to profound political and social change around the world, the process seems irreversible. In this book, however, Harold James provides a sobering historical perspective, exploring the circumstances in which the globally integrated world of an earlier era broke down under the pressure of unexpected events.James examines one of the great historical nightmares of the twentieth century: th...

The essays in this volume consider the involvement of business corporations and of individual businessmen in the politics of the 1930s and 1940s: in the move away from the market and also from democracy, towards state control and authoritarianism, including the massive intervention of the state in property rights. How far did businesses attempt to guide this intervention for their own purposes, and to what extent did they succeed? This debate deals, centrally, with the role of German busin...

With contributions from world-renowned figures such as Niall Ferguson and Adair Turner, this volume investigates how financial institutions and markets have undergone or reacted to past pressures, and the regulatory responses that emerged as a result.