This collection of essays draws on fresh readings of classic texts as well as rigorous research in the archives of Europe's greatest imperial power. Its contributors paint a powerful picture of the nature and implementation of political economy in the long eighteenth century, from the East to the West Indies.

Historians have traditionally used the discourses of free trade and laissez faire to explain the development of political economy during the Enlightenment. But from Sophus Reinert’s perspective, eighteenth-century political economy can be understood only in the context of the often brutal imperial rivalries then unfolding in Europe and its former colonies and the positive consequences of active economic policy. The idea of economic emulation was the prism through which philosophers, ministers, reformers, and even merchants thought about economics, as well as industrial policy and reform, in the early modern period. With the rise of the British Empire, European powers and others sought to selectively emulate the British model. In mapping the general history of economic translations between 1500 and 1849, and particularly tracing the successive translations of the Bristol merchant John Cary’s seminal 1695 Essay on the State of England, Reinert makes a compelling case for the way that England’s aggressively nationalist policies, especially extensive tariffs and other intrusive market interventions, were adopted in France, Italy, Germany, and Scandinavia before providing the blueprint for independence in the New World. Relatively forgotten today, Cary’s work served as the basis for an international move toward using political economy as the prime tool of policymaking and industrial expansion. Reinert’s work challenges previous narratives about the origins of political economy and invites the current generation of economists to reexamine the foundations, and future, of their discipline.

This book focuses on why Europe became the dominant economic force in global trade between 1450 and 1750.

Against the backdrop of England's emergence as a major economic power, the development of early modern capitalism in general and the transformation of the Mediterranean, Maria Fusaro presents a new perspective on the onset of Venetian decline. Examining the significant commercial relationship between these two European empires during the period 1450–1700, Fusaro demonstrates how Venice's social, political and economic circumstances shaped the English mercantile community in unique ways. By focusing on the commercial interaction between Venice and England, she also re-establishes the analysis of the maritime political economy as an essential constituent of the Venetian state political economy. This challenging interpretation of some classic issues of early modern history will be of profound interest to economic, social and legal historians, and provides a stimulating addition to current debates in imperial history, especially on the economic relationship between different empires and the socio-economic interaction between 'rulers and ruled'.

Focusing on the state of New York, home to the first American banks, utilities, canals, and transportation infrastructure projects, Building the Empire State examines the origins of American capitalism by tracing how and why business corporations were first introduced into the economy of the early republic.

Chocolate is one of the most visible examples of how a deeply exotic consumer product penetrating our daily lives fascinated Europeans during the Early Modern period. Today, over fifty percent of the four million tons of cocoa produced globally come from Sub-Saharan Africa. Ecuadorian cocoa, on the other hand, is considered premium quality. Yet the fact that Ecuadorian cocoa is preferred by today's artisanal chocolate makers is one of history's ironic turns. During the eighteenth century, production and exports of Ecuadorian cocoa dramatically expanded due to its fast growth rate, high yield and low price, though certainly not due to its qualities of taste. This book analyzes the transition of chocolate from an exotic curiosity to an Atlantic commodity. It shows how local, inter-regional, and Atlantic markets interacted with one another and with imperial political economies. It explains how these interactions, intertwined with the resilience of local artisanal production, promoted the partial democratization of chocolate consumption as well as economic growth.

This collection of essays draws on fresh readings of classic texts as well as rigorous research in the archives of Europe's greatest imperial power. Its contributors paint a powerful picture of the nature and implementation of political economy in the long eighteenth century, from the East to the West Indies.