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Law and Markets in United States History

Law and Markets in United States History
Author: James Willard Hurst
Publisher: The Lawbook Exchange, Ltd.
Total Pages: 242
Release: 2001
Genre: Law
ISBN: 1584771364

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The eminent legal scholar James Willard Hurst's sociological analysis of the relation between law and private business in relation to society at large Hurst argues that law and business support the same goals of efficiency and humanity, and examines their interrelationship toward that end in terms of ethical issues related to public policy, money supply, the impact of incremental change, inflation and deflation, monopoly and competition, and other economic factors. Based on Hurst's lectures at The University of Wisconsin in April, 1981. James Willard Hurst [1910-1997] is widely recognized as the father of modern American legal history. He taught at University of Wisconsin Law School. A prolific scholar and writer, Hurst's major works include The Growth of American Law: The Law Makers (1950), Law and The Conditions of Freedom in The Nineteenth-century United States (1956), Law and Economic Growth: The Legal History of the Wisconsin Lumber Industry 1835-1916 (1964), Law and Social Process in U.S. History (1960) and Law and Social Order in the United States (1977). CONTENTS Introduction: The Market, the Law, and Challenges of Scarcity Chapter 1 Law and the Constitution of the Market Chapter 2 The Market in Social Context Chapter 3 Bargaining through Law and through Markets Notes Sources Cited Index


A Legal History of Money in the United States, 1774-1970

A Legal History of Money in the United States, 1774-1970
Author: James Willard Hurst
Publisher: Beard Books
Total Pages: 392
Release: 2001
Genre: Business & Economics
ISBN: 9781587980985

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Fascinating reading for those interested in the cause and effect relations between legal processes and economic processes and those concerned with separation of powers and public administration.


Law Enforcement and the History of Financial Market Manipulation

Law Enforcement and the History of Financial Market Manipulation
Author: Jerry Markham
Publisher: Routledge
Total Pages: 456
Release: 2015-01-28
Genre: Business & Economics
ISBN: 1317466373

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First Published in 2014. This book maps the issues and traces the U.S. government's efforts to properly regulate, monitor, and prevent financial speculation and price manipulation in various markets. It begins with the period from the late nineteenth century to the first congressional efforts at regulation in the 1930s and continues on to the present, with a full chapter on the legal and financial aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The book also discusses the difficulty of initiating successful prosecutions of financial fraud and price manipulation and proposes a new approach to preventing manipulative practices.


Immigrants, Markets, and States

Immigrants, Markets, and States
Author: James Frank Hollifield
Publisher: Harvard University Press
Total Pages: 332
Release: 1992
Genre: Business & Economics
ISBN: 9780674444232

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A study of migration tides which explores political and economic factors that have influenced immigration in post-war Europe and the USA. It seeks to explain immigration in terms of the globalization of labour markets and the expansion of civil rights for marginal groups in liberal democracies.


The Illusion of Free Markets

The Illusion of Free Markets
Author: Bernard E. Harcourt
Publisher: Harvard University Press
Total Pages: 337
Release: 2011-05-01
Genre: Business & Economics
ISBN: 0674059360

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It is widely believed today that the free market is the best mechanism ever invented to efficiently allocate resources in society. Just as fundamental as faith in the free market is the belief that government has a legitimate and competent role in policing and the punishment arena. This curious incendiary combination of free market efficiency and the Big Brother state has become seemingly obvious, but it hinges on the illusion of a supposedly natural order in the economic realm. The Illusion of Free Markets argues that our faith in “free markets” has severely distorted American politics and punishment practices. Bernard Harcourt traces the birth of the idea of natural order to eighteenth-century economic thought and reveals its gradual evolution through the Chicago School of economics and ultimately into today’s myth of the free market. The modern category of “liberty” emerged in reaction to an earlier, integrated vision of punishment and public economy, known in the eighteenth century as “police.” This development shaped the dominant belief today that competitive markets are inherently efficient and should be sharply demarcated from a government-run penal sphere. This modern vision rests on a simple but devastating illusion. Superimposing the political categories of “freedom” or “discipline” on forms of market organization has the unfortunate effect of obscuring rather than enlightening. It obscures by making both the free market and the prison system seem natural and necessary. In the process, it facilitated the birth of the penitentiary system in the nineteenth century and its ultimate culmination into mass incarceration today.


The American Political Economy

The American Political Economy
Author: Jacob S. Hacker
Publisher: Cambridge University Press
Total Pages: 487
Release: 2021-11-11
Genre: History
ISBN: 1316516369

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Drawing together leading scholars, the book provides a revealing new map of the US political economy in cross-national perspective.


Credit Nation

Credit Nation
Author: Claire Priest
Publisher: Princeton University Press
Total Pages: 248
Release: 2021-02-02
Genre: History
ISBN: 0691185654

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How American colonists laid the foundations of American capitalism with an economy built on credit Even before the United States became a country, laws prioritizing access to credit set colonial America apart from the rest of the world. Credit Nation examines how the drive to expand credit shaped property laws and legal institutions in the colonial and founding eras of the republic. In this major new history of early America, Claire Priest describes how the British Parliament departed from the customary ways that English law protected land and inheritance, enacting laws for the colonies that privileged creditors by defining land and slaves as commodities available to satisfy debts. Colonial governments, in turn, created local legal institutions that enabled people to further leverage their assets to obtain credit. Priest shows how loans backed with slaves as property fueled slavery from the colonial era through the Civil War, and that increased access to credit was key to the explosive growth of capitalism in nineteenth-century America. Credit Nation presents a new vision of American economic history, one where credit markets and liquidity were prioritized from the outset, where property rights and slaves became commodities for creditors' claims, and where legal institutions played a critical role in the Stamp Act crisis and other political episodes of the founding period.


The People’s Welfare

The People’s Welfare
Author: William J. Novak
Publisher: Univ of North Carolina Press
Total Pages: 409
Release: 2000-11-09
Genre: History
ISBN: 0807863653

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Much of today's political rhetoric decries the welfare state and our maze of government regulations. Critics hark back to a time before the state intervened so directly in citizens' lives. In The People's Welfare, William Novak refutes this vision of a stateless past by documenting America's long history of government regulation in the areas of public safety, political economy, public property, morality, and public health. Challenging the myth of American individualism, Novak recovers a distinctive nineteenth-century commitment to shared obligations and public duties in a well-regulated society. Novak explores the by-laws, ordinances, statutes, and common law restrictions that regulated almost every aspect of America's society and economy, including fire regulations, inspection and licensing rules, fair marketplace laws, the moral policing of prostitution and drunkenness, and health and sanitary codes. Based on a reading of more than one thousand court cases in addition to the leading legal and political texts of the nineteenth century, The People's Welfare demonstrates the deep roots of regulation in America and offers a startling reinterpretation of the history of American governance.


The Political Economy of the Sherman Act

The Political Economy of the Sherman Act
Author: E. Thomas Sullivan
Publisher: Oxford University Press
Total Pages: 345
Release: 1991-04-18
Genre: Law
ISBN: 0195362063

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This book examines the legislative history and the political economy of the Sherman Antitrust Act--the main federal statute that regulates economic activity in the United States. Tracing the evolution of the antitrust movement in the United States since 1890, this collection of essays examines the role of government in regulating markets, and the balance it and its critics seek between the goal of limited government and the protection of free, open and competitive markets, With markets today being more international in nature and the world economy being globalized, Americans need to rethink how laws have defined markets and the implications for international transactions. Given the recent changes in Europe, this book has a significant contribution to make to the intellectual understanding of antitrust laws impact on American business here and abroad, on the European Economic Community (EEC) as it creates a single market by 1992, and on Eastern Europe as it moves to a market economy.