Pub Date : 2023-05-10DOI: 10.1017/S0007680522000745
A. Bergquist, M. Lindmark, N. Petrusenko
This article examines the growth of the waste and recycling sector in Sweden since the 1970s and seeks to identify the conditions for market growth and underlying business dynamics. The article identifies a slow growth pattern at aggregate level in the 1970s, while a major shift toward higher growth rates took place only in the mid-1990s. Resembling the findings of existing studies of German and US industry counterparts, Swedish recycling companies grew larger in the 1970s and more knowledge-intensive from the 1980s. Our study concludes that the growth of the Swedish recycling industry has been driven not only by government policies addressing household waste but even more so by large manufacturing firms that have increasingly demanded more complex recycling services over time.
{"title":"Creating Value Out of Waste: The Transformation of the Swedish Waste and Recycling Sector, 1970s–2010s","authors":"A. Bergquist, M. Lindmark, N. Petrusenko","doi":"10.1017/S0007680522000745","DOIUrl":"https://doi.org/10.1017/S0007680522000745","url":null,"abstract":"This article examines the growth of the waste and recycling sector in Sweden since the 1970s and seeks to identify the conditions for market growth and underlying business dynamics. The article identifies a slow growth pattern at aggregate level in the 1970s, while a major shift toward higher growth rates took place only in the mid-1990s. Resembling the findings of existing studies of German and US industry counterparts, Swedish recycling companies grew larger in the 1970s and more knowledge-intensive from the 1980s. Our study concludes that the growth of the Swedish recycling industry has been driven not only by government policies addressing household waste but even more so by large manufacturing firms that have increasingly demanded more complex recycling services over time.","PeriodicalId":9503,"journal":{"name":"Business History Review","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45331807","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-10DOI: 10.1017/S0007680523000090
M. Levinson
“Capitalism,” etymologists say, is rooted neither in Adam Smith nor in Karl Marx but in The Newcomes, a long-forgotten novel by William Makepeace Thackeray, in which a fallen French nobleman regains his dignity when the rising price of railway shares restores his “sense of capitalism” (Project Gutenberg ebook edition, p. 1016). It's one of those you-know-it-when-you-see-it kinds of words, meaningful mainly when set against “socialism,” a word first used in the 1820s to describe collective ownership of property. Capitalism has taken on all sorts of meanings since Thackeray coined the term in 1854, describing everything from the repression of miners by late-nineteenth-century robber barons to the venture-capital-fertilized blossoming of Silicon Valley. The three histories discussed in this essay all address its meaning in the modern world economy. None believes that future capitalism will be like capitalisms past.
{"title":"Political Capitalism","authors":"M. Levinson","doi":"10.1017/S0007680523000090","DOIUrl":"https://doi.org/10.1017/S0007680523000090","url":null,"abstract":"“Capitalism,” etymologists say, is rooted neither in Adam Smith nor in Karl Marx but in The Newcomes, a long-forgotten novel by William Makepeace Thackeray, in which a fallen French nobleman regains his dignity when the rising price of railway shares restores his “sense of capitalism” (Project Gutenberg ebook edition, p. 1016). It's one of those you-know-it-when-you-see-it kinds of words, meaningful mainly when set against “socialism,” a word first used in the 1820s to describe collective ownership of property. Capitalism has taken on all sorts of meanings since Thackeray coined the term in 1854, describing everything from the repression of miners by late-nineteenth-century robber barons to the venture-capital-fertilized blossoming of Silicon Valley. The three histories discussed in this essay all address its meaning in the modern world economy. None believes that future capitalism will be like capitalisms past.","PeriodicalId":9503,"journal":{"name":"Business History Review","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46719813","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-10DOI: 10.1017/S0007680523000260
Emilie Y. Takayama
A Medicated Empire is a delightful book about medicine and its relationship with busi-ness and politics as examined through the largest pharmaceutical company in prewar Japan, Hoshi Pharmaceuticals, and its colorful founder, Hoshi Hajime. The book adds a welcome new dimension to a recent corpus of scholarship on addictive drugs in Japan. Behind the “moral economy” (Miriam Kingsberg) and grotesque necropo litics (Mark Driscoll) of the Japanese empire and stimulant-addicted affluent Japan (Jeffrey Alexander) the pharmaceutical industry was there selling healing medicines and addictive drugs. 1 The modern pharmaceutical industry developed alongside new imperialism, market capitalism, mass media, and world wars. Timothy M. Yang does an outstanding job of placing Hoshi Pharmaceuticals in this larger, global context while detailing Japan-specific information about nation-state/empire building and competition over raw materials overseas. Importantly, he raises a fundamental issue concerning the Janus-faced nature of the pharmaceutical industry in a capitalist economy as the public good and profits alike.
{"title":"A Medicated Empire: The Pharmaceutical Industry and Modern Japan. By Timothy M. Yang. Ithaca: Cornell University Press, 2021. Notes, references, index. Cloth, $54.95. 354 pp. ISBN: 978-1-5017-5624-5.","authors":"Emilie Y. Takayama","doi":"10.1017/S0007680523000260","DOIUrl":"https://doi.org/10.1017/S0007680523000260","url":null,"abstract":"A Medicated Empire is a delightful book about medicine and its relationship with busi-ness and politics as examined through the largest pharmaceutical company in prewar Japan, Hoshi Pharmaceuticals, and its colorful founder, Hoshi Hajime. The book adds a welcome new dimension to a recent corpus of scholarship on addictive drugs in Japan. Behind the “moral economy” (Miriam Kingsberg) and grotesque necropo litics (Mark Driscoll) of the Japanese empire and stimulant-addicted affluent Japan (Jeffrey Alexander) the pharmaceutical industry was there selling healing medicines and addictive drugs. 1 The modern pharmaceutical industry developed alongside new imperialism, market capitalism, mass media, and world wars. Timothy M. Yang does an outstanding job of placing Hoshi Pharmaceuticals in this larger, global context while detailing Japan-specific information about nation-state/empire building and competition over raw materials overseas. Importantly, he raises a fundamental issue concerning the Janus-faced nature of the pharmaceutical industry in a capitalist economy as the public good and profits alike.","PeriodicalId":9503,"journal":{"name":"Business History Review","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49471787","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-10DOI: 10.1017/S0007680523000144
R. Curtin
{"title":"The Behavioral Economics of Inflation Expectations: Macroeconomics Meets Psychology. By Tobias F. Rötheli. New York: Cambridge University Press, 2020. 243 pp. Illustrations, references, index. ISBN: 978-1-108-44706-5.","authors":"R. Curtin","doi":"10.1017/S0007680523000144","DOIUrl":"https://doi.org/10.1017/S0007680523000144","url":null,"abstract":"","PeriodicalId":9503,"journal":{"name":"Business History Review","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45915335","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-10DOI: 10.1017/S0007680523000132
Marcelo Bucheli
{"title":"Sorting Out the Mixed Economy: The Rise and Fall of Welfare and Developmental States in the Americas. By Amy Offner. Princeton: Princeton University Press, 2019. xv + 381 pp. Figures, notes, index. Cloth, $39.95. ISBN: 978-0-691-19093-8.","authors":"Marcelo Bucheli","doi":"10.1017/S0007680523000132","DOIUrl":"https://doi.org/10.1017/S0007680523000132","url":null,"abstract":"","PeriodicalId":9503,"journal":{"name":"Business History Review","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43557459","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-10DOI: 10.1017/S0007680523000120
Walter Paternesi Meloni
{"title":"Making Social Spending Work. By Peter H. Lindert. New York: Cambridge University Press, 2021. 434 pp. Hardcover, $29.99. ISBN: 978-1-108-47816-8.","authors":"Walter Paternesi Meloni","doi":"10.1017/S0007680523000120","DOIUrl":"https://doi.org/10.1017/S0007680523000120","url":null,"abstract":"","PeriodicalId":9503,"journal":{"name":"Business History Review","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44348957","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-10DOI: 10.1017/s0007680523000314
{"title":"BHR volume 97 issue 1 Cover and Back matter","authors":"","doi":"10.1017/s0007680523000314","DOIUrl":"https://doi.org/10.1017/s0007680523000314","url":null,"abstract":"","PeriodicalId":9503,"journal":{"name":"Business History Review","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47853017","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-10DOI: 10.1017/S0007680523000259
Cynthia B. Meyers
rities quickly matured, and the burgeoning marketplace for railroad securities was barred to small-scale investors (p. 199). Did Cooke mine the “sort of emotional commodity” of confidence in the Union, or manufacture it (p. 8)? Its “strange surge” likely correlated to battlefield outcomes but also, argues Thomson, to the “faith” that salesmanship instilled (pp. 195, 132). A new culture of finance in America, and the success of war bonds, then, were mutually dependent processes. Several questions come to mind: whether intent or opportunity determined civic investment, what kind of profitability patriotism required, and what ideals replaced the Civil War’s financial citizenship in the Reconstruction era. Regular readers of this journal might criticize that institutional changes and business innovations get short shrift in the growth of American finance, or that Thomson only hints at the immensely important function of credit. And the profitable globalization of US financing, not least, may leave one wondering about the transnational marketing of the Union, the national and imperial attachments of capital networks, or the increasingly crucial role of railroad, state, andmunicipal debt in nation-building. These questions, however,merely evidence the fact thatBonds ofWar is a deeply researched and neatly argued book that successfully retells the Civil War moment in financial history, repositionsWall Street firmly within transatlantic networks, and enables further work.
{"title":"The Rise of Mass Advertising: Law, Enchantment, and the Cultural Boundaries of British Modernity. By Anat Rosenberg. Oxford: Oxford University Press, 2022. 432 pp. Illustrations, bibliography, index. Hardcover, £70.00. ISBN: 978-0-19-285891-7.","authors":"Cynthia B. Meyers","doi":"10.1017/S0007680523000259","DOIUrl":"https://doi.org/10.1017/S0007680523000259","url":null,"abstract":"rities quickly matured, and the burgeoning marketplace for railroad securities was barred to small-scale investors (p. 199). Did Cooke mine the “sort of emotional commodity” of confidence in the Union, or manufacture it (p. 8)? Its “strange surge” likely correlated to battlefield outcomes but also, argues Thomson, to the “faith” that salesmanship instilled (pp. 195, 132). A new culture of finance in America, and the success of war bonds, then, were mutually dependent processes. Several questions come to mind: whether intent or opportunity determined civic investment, what kind of profitability patriotism required, and what ideals replaced the Civil War’s financial citizenship in the Reconstruction era. Regular readers of this journal might criticize that institutional changes and business innovations get short shrift in the growth of American finance, or that Thomson only hints at the immensely important function of credit. And the profitable globalization of US financing, not least, may leave one wondering about the transnational marketing of the Union, the national and imperial attachments of capital networks, or the increasingly crucial role of railroad, state, andmunicipal debt in nation-building. These questions, however,merely evidence the fact thatBonds ofWar is a deeply researched and neatly argued book that successfully retells the Civil War moment in financial history, repositionsWall Street firmly within transatlantic networks, and enables further work.","PeriodicalId":9503,"journal":{"name":"Business History Review","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43257324","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-10DOI: 10.1017/S0007680523000065
V. Gwande
This article details how and why officials in the United States and the Federation of Rhodesia and Nyasaland developed policies and initiatives to promote US capital investments. It analyzes these policies in the context of decolonization, white minority rule, and the Cold War in Africa. It further shows how US business interests, especially in the mining industry, increased their investments and influenced policy. Drawing from Zimbabwean archives, it argues that these competing priorities produced inconsistent results that tended to support US imperialism and hinder nationalist movements in British Central Africa.
{"title":"The Political Economy of American Businesses in British Central Africa, 1953–1963","authors":"V. Gwande","doi":"10.1017/S0007680523000065","DOIUrl":"https://doi.org/10.1017/S0007680523000065","url":null,"abstract":"This article details how and why officials in the United States and the Federation of Rhodesia and Nyasaland developed policies and initiatives to promote US capital investments. It analyzes these policies in the context of decolonization, white minority rule, and the Cold War in Africa. It further shows how US business interests, especially in the mining industry, increased their investments and influenced policy. Drawing from Zimbabwean archives, it argues that these competing priorities produced inconsistent results that tended to support US imperialism and hinder nationalist movements in British Central Africa.","PeriodicalId":9503,"journal":{"name":"Business History Review","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41997779","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-10DOI: 10.1017/S0007680523000211
Nicholas Alexander
tributing welfare spending from the old to the young can be overcome if we accept expanding the pie (i.e., increasing the resources devoted to social spending) by increasing the progressivity of the taxation system (that is, taxingmore high incomes and/or extra profits) or public deficits. Notably, in the European context, this second option would be at odds with the founding treaties. Nonetheless, the recent crisis teaches us that public stimulus has been much broader in economies not subject to budget constraint. Just compare “Next Generation EU” with the Biden package. A similar reasoning can apply to the alleged economic consequences of immigration: no tensions would exist if governments implemented universal welfare provision and safety nets combined with publicly financed full employment policies (probably the most immediate way to reduce inequality). The following bottom line emerges from the reading: although there are different types of capitalism,market-generated inequalities can still be faced and mitigated through effective policies and institutions. That underlines the power of public-provided welfare and makes the book a must-read for scholars and citizens interested in a process of equitable growth.
{"title":"The Oxford Handbook of Luxury Business. Edited by Pierre-Yves Donzé, Véronique Pouillard, and Joanne Roberts. Oxford: Oxford University Press, 2022. xii + 634 pp. Illustrations, figures, index. Hardback, $150.00. ISBN: 978-0-19-093222-0.","authors":"Nicholas Alexander","doi":"10.1017/S0007680523000211","DOIUrl":"https://doi.org/10.1017/S0007680523000211","url":null,"abstract":"tributing welfare spending from the old to the young can be overcome if we accept expanding the pie (i.e., increasing the resources devoted to social spending) by increasing the progressivity of the taxation system (that is, taxingmore high incomes and/or extra profits) or public deficits. Notably, in the European context, this second option would be at odds with the founding treaties. Nonetheless, the recent crisis teaches us that public stimulus has been much broader in economies not subject to budget constraint. Just compare “Next Generation EU” with the Biden package. A similar reasoning can apply to the alleged economic consequences of immigration: no tensions would exist if governments implemented universal welfare provision and safety nets combined with publicly financed full employment policies (probably the most immediate way to reduce inequality). The following bottom line emerges from the reading: although there are different types of capitalism,market-generated inequalities can still be faced and mitigated through effective policies and institutions. That underlines the power of public-provided welfare and makes the book a must-read for scholars and citizens interested in a process of equitable growth.","PeriodicalId":9503,"journal":{"name":"Business History Review","volume":null,"pages":null},"PeriodicalIF":1.2,"publicationDate":"2023-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46924350","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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