Corn and Capitalism


Book Description

Exploring the history and importance of corn worldwide, Arturo Warman traces its development from a New World food of poor and despised peoples into a commodity that plays a major role in the modern global economy. The book, first published in Mexico in 1988, combines approaches from anthropology, social history, and political economy to tell the story of corn, a "botanical bastard" of unclear origins that cannot reseed itself and is instead dependent on agriculture for propagation. Beginning in the Americas, Warman depicts corn as colonizer. Disparaged by the conquistadors, this Native American staple was embraced by the destitute of the Old World. In time, corn spread across the globe as a prodigious food source for both humans and livestock. Warman also reveals corn's role in nourishing the African slave trade. Through the history of one plant with enormous economic importance, Warman investigates large-scale social and economic processes, looking at the role of foodstuffs in the competition between nations and the perpetuation of inequalities between rich and poor states in the world market. Praising corn's almost unlimited potential for future use as an intensified source of starch, sugar, and alcohol, Warman also comments on some of the problems he foresees for large-scale, technology-dependent monocrop agriculture.




Corn and Capitalism


Book Description

Corn, a plant pivotal to the lives of countless people the world over, has alternately suffered, thrived under, and resisted the pressures of modernization, development, and the world marketplace. Corn's place in the world today is the result of a number of complex historical interactions. This study covers such topics as: American Plants, World Treasures; Botanical Economy of a Marvelous Plant; Corn in China; Corn and Slavery in Africa; Corn and Colonialism; Corn in Europe; Corn and Society before the Era of Bourgeois Revolution; Corn in the U.S.: Blessing and Bane; The Road to Food Power; The Syndrome of Inequality: The World Market; Inventing the Future; Brief Reflections on Utopia and the New Millennium. Translated from the Spanish ed.




The Political Economy of the Family Farm


Book Description

Agriculture played an important role in the transition to capitalism in the United States in the mid-nineteenth century. In her study, Sue Headlee argues that the family farm system, with its progressive nature and egalitarian class structure, revolutionized this transition to capitalism. The family farm is examined in light of its economic and political implications, showing the relationship between the family farm and fledgling industrial capitalism, a relationship that fostered the simultaneous industrial and agricultural revolutions and the creation of an agro-industrial complex. Headlee focuses on the adoption of the horse-drawn mechanical reaper (to harvest wheat) by family farmers in the 1850s. The neoclassical economic explanation, with its emphasis on the farm as a profit-maximizing firm, is criticized for its lack of recognition of the role of the family farm's egalitarian class structure. This look at the economic history of the United States has lessons for the Third World today: agricultural development is vital to the transition to capitalism; the agrarian class structures of Third World countries may be holding back that transition; and a family farm/land reform approach would lead to increases in productivity and in the material well-being of society. Headlee's analysis supports three important debates in political economy, thus providing the historical and theoretical context for understanding the role of agriculture in the transition to capitalism in general and in the particular case of the United States. Her findings conclude that agrarian class structures can explain the differential patterns of development in pre-industrial Europe. Further evidence is presented that the internal class structure of agrarian society is the crucial causal factor in the transition to capitalism and that market developments alone are not sufficient. Lastly and most controversially, Headlee acknowledges the importance of the Civil War in propelling the triumph of American capitalism, allowing the Republican Party (an alliance of family farmers and industrial capitalists) to take control of the state from the Democratic Party of the southern plantation owners. This book will be of interest to scholars in political economy, economic history, agrarian economics, and development economics.




Experimental Capitalism


Book Description

How American industries rose to dominate the economic landscape in the twentieth century For much of the twentieth century, American corporations led the world in terms of technological progress. Why did certain industries have such great success? Experimental Capitalism examines six key industries—automobiles, pneumatic tires, television receivers, semiconductors, lasers, and penicillin—and tracks the highs and lows of American high-tech capitalism and the resulting innovation landscape. Employing "nanoeconomics"—a deep dive into the formation and functioning of companies—Steven Klepper determines how specific companies emerged to become the undisputed leaders that altered the course of their industry's evolution. Klepper delves into why a small number of firms came to dominate their industries for many years after an initial period of tumult, including General Motors, Firestone, and Intel. Even though capitalism is built on the idea of competition among many, he shows how the innovation process naturally led to such dominance. Klepper explores how this domination influenced the search for further innovations. He also considers why industries cluster in specific geographical areas, such as semiconductors in northern California, cars in Detroit, and tires in Akron. He finds that early leading firms serve as involuntary training grounds for the next generation of entrepreneurs who spin off new firms into the surrounding region. Klepper concludes his study with a discussion of the impact of government and the potential for policy to enhance a nation’s high-tech industrial base. A culmination of a lifetime of research and thought, Experimental Capitalism takes a dynamic look at how new ideas and innovations led to America’s economic primacy.










From the Corn Laws to Free Trade


Book Description

The repeal of Britain's Corn Laws in 1846, one of the most important economic policy decisions of the 19th century, has long intrigued and puzzled political scientists, historians, and economists. This book examines the interacting forces that brought about the abrupt beginning of Britain's free-trade empire.










The Invention of Capitalism


Book Description

The originators of classical political economy—Adam Smith, David Ricardo, James Steuart, and others—created a discourse that explained the logic, the origin, and, in many respects, the essential rightness of capitalism. But, in the great texts of that discourse, these writers downplayed a crucial requirement for capitalism’s creation: For it to succeed, peasants would have to abandon their self-sufficient lifestyle and go to work for wages in a factory. Why would they willingly do this? Clearly, they did not go willingly. As Michael Perelman shows, they were forced into the factories with the active support of the same economists who were making theoretical claims for capitalism as a self-correcting mechanism that thrived without needing government intervention. Directly contradicting the laissez-faire principles they claimed to espouse, these men advocated government policies that deprived the peasantry of the means for self-provision in order to coerce these small farmers into wage labor. To show how Adam Smith and the other classical economists appear to have deliberately obscured the nature of the control of labor and how policies attacking the economic independence of the rural peasantry were essentially conceived to foster primitive accumulation, Perelman examines diaries, letters, and the more practical writings of the classical economists. He argues that these private and practical writings reveal the real intentions and goals of classical political economy—to separate a rural peasantry from their access to land. This rereading of the history of classical political economy sheds important light on the rise of capitalism to its present state of world dominance. Historians of political economy and Marxist thought will find that this book broadens their understanding of how capitalism took hold in the industrial age.