Article in Journal ()
Dow A & Dow S (2014) Economic History and Economic Theory: The Staples Approach to Economic Development, Cambridge Journal of Economics, 38 (6), pp. 1339-1353.
The ideas and institutions within which the current global crisis is being addressed reflect the power structures of the past and are under pressure to evolve. But mainstream economics tenaciously retains its long-standing power over academe and policy, while denying a theoretical role for power. Here we consider the contribution of economic history to theorising. In particular we present a case study in the form of an economic history approach which emphasises the role of the state in relation to markets: the staples approach of Harold Innis. We apply this approach to the modern financial sector.
Economic history; Staples approach; Financial crisis
|Authors||Dow Alexander, Dow Sheila|
|Publication date online||05/06/2013|
|Date accepted by journal||14/01/2013|
|Publisher||Oxford University Press|
Cambridge Journal of Economics: Volume 38, Issue 6