Book Description

As the global economic crisis that developed in the year 2008 makes clear, it is essential for educated individuals to understand the history that underlies contemporary economic developments. This encyclopedia will offer students and scholars access to information about the concepts, institutions/organizations, events, and individuals that have shaped the history of economics, business, and labor from the origins of what later became the United States in an earlier age of globalization and the expansion of capitalism to the present. It will include entries that explore the changing character of capitalism from the seventeenth century to the present; that cover the evolution of business practices and organizations over the same time period; that describe changes in the labor force as legally free workers replaced a labor force dominated by slaves and indentures; that treat the means by which workers sought to better their lives; and that deal with government policies and practices that affected economic activities, business developments, and the lives of working people. Readers will be able to find readily at hand information about key economic concepts and theories, major economists, diverse sectors of the economy, the history of economic and financial crises, major business organizations and their founders, labor organizations and their leaders, and specific government policies and judicial rulings that have shaped US economic and labor history. Readers will also be guided to the best and most recent scholarly works related to the subject covered by the entry. Because of the broad chronological span covered by the encyclopedia and the breadth of its subjects, it should prove useful to history students, economics majors, school of business entrants as well as to those studying public policy and administration.