26,572 research outputs found

    Colonial modernism and the flawed paradigms of urban renewal: the uneven development of Bombay City 1900-1925

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    This article explores the failure of urban renewal in Bombay city during the first quarter of the twentieth century. It shows how colonial rule structured a class-driven process of uneven urban 'improvements' that actually exacerbated the problems of congestion, bad housing and environmental blight. In this process, the new forces of modernity were selectively appropriated to accentuate the differentiation in built forms and urban spaces. Finally, through implicit comparisons with contemporary developments in Europe, it reveals the limitations of urban regeneration in a laissez-faire colonial capitalist environment where the search for quick returns by competing economic actors precluded the adoption of long-term policies and interventionist strategies necessary to create the good city life

    Private capital, public credit and the decline of American railways in the mid-20th century

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    From the mid-19th Century until the Great Depression, banks, insurance companies and other large institutional investors supplied railways with external capital that supported their rise to near hegemony over transport in the U.S. This regime ended in the 1930’s, when widespread rail bankruptcies threatened broader credit markets. The federal government intervened via a powerful, new, public financial intermediary—the Reconstruction Finance Corporation—to socialize devalued rail debt, which largely removed private institutional investors from rail capital markets. At this defining moment, the Roosevelt Administration could have used its financial and political leverage to rationalize structural weaknesses in the rail industry. It did not. Thus by the time the Depression ended, railways were significantly weakened vis a vis their increasingly successful competitors in highway-based transport. Thus, the decline of American railways was caused more by financial factors than, as existing historiography suggests, by either excessive government regulation or failures of railway management.Capital markets; railways; role of state

    Evolution or revolution? a study of price and wage volatility in England, 1200-1900

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    Using annual data 1209-1914, this paper examines whether there are structural breaks in the movements of prices and wages that correspond to the major ‘revolutions’ identified in historical narratives. Econometric modelling of trend and volatility in prices and wages confirms the importance of the Commercial Revolution and the Glorious Revolution, but suggests that the Industrial Revolution may be better described in evolutionary terms. The evidence also points to a late medieval revolution at the time of the Good Parliament, shortly after the Black Death and just before the Peasant’s Revolt. This supports Britnell and Campbell’s commercialisation hypothesis - that the institutional pre-conditions for the Industrial Revolution began to develop at a very early date.Economic evolution; Economic revolution; Historical economics;

    Technological parables and iconic illustrations: American technocracy and the rhetoric of the technological fix

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    This paper traces the role of American technocrats in popularizing the notion later dubbed the “technological fix”. Channeled by their long-term “chief”, Howard Scott, their claim was that technology always provides the most effective solution to modern social, cultural and political problems. The account focuses on the expression of this technological faith, and how it was proselytized, from the era of high industrialism between the World Wars through, and beyond, the nuclear age. I argue that the packaging and promotion of these ideas relied on allegorical technological tales and readily-absorbed graphic imagery. Combined with what Scott called “symbolization”, this seductive discourse preached beliefs about technology to broad audiences. The style and conviction of the messages were echoed by establishment figures such as National Lab director Alvin Weinberg, who employed the techniques to convert mainstream and elite audiences through the end of the twentieth centur

    Where do we stand on transport infrastructure deregulation and public-private partnership?

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    The evolution of transport public-private partnerships (PPPs) in developing and developed countries since the early 1990s seems to be following a similar path: private initiatives work for a while but after a shock to the sector takes place the public sector returns as regulator, owner or financier; after a while the public sector runs into problems and eventually finds a hybrid solution to ensure the survival of the sector. This paper reviews the effectiveness of transport infrastructure deregulation from three angles: efficiency, fiscal and users'viewpoint. The paper emphasizes the difficulties and strong political commitments required to make the reforms sustainable and argues that governments willing to make corrections to the reform path are faced with the need to address recurrent and emerging issues in transport systems: tariff structure, quality (timetable, safety, environment), access rules for captive shippers, the trend toward rebundling and decrease in intrasectoral competition, multimodalism and the stimulus through yardstick competition.Decentralization,Banks&Banking Reform,Environmental Economics&Policies,Health Economics&Finance,Municipal Financial Management,Banks&Banking Reform,Health Economics&Finance,Municipal Financial Management,Environmental Economics&Policies,Public Sector Economics&Finance

    Revolutionary change and structural breaks: A time series analysis of wages and commodity prices in Britain 1264-1913

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    In this paper we empirically test the hypothesis that economic revolutions are associated with structural breaks in historical economic data. A simple test for structural breaks in economic time series is applied to British wage and price data from the medieval to the modern period. Evidence for structural change is found in nearly half of the series studied -- suggesting that structural breaks are an intrinsic feature of such historic data. Structural changes are most closely linked to the Commercial Revolution followed by the Agricultural Revolution and the Industrial Revolution, with changes linked to an underlying process of price stabilisation as measured by a decrease in the long-term level of volatility.historical economics; economic revolutions; structural breaks; price stabilisation

    Guardian angels and teachers from hell: using metaphor as a measure of schools' experiences and expectations of General National Vocational Qualifications

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    In this paper the author examines some claims about the nature of metaphor, its possible significance in illuminating cultural, institutional, and personal constructs, and some ways in which this has been applied in educational research. To illustrate the application of metaphor analysis, the paper describes an examination of the figurative language used by teachers and headteachers in six English secondary schools when speaking about their new vocational curriculum and its students. Transcripts of interviews were scrutinized for metaphorical and other figurative modes of expression, and instances were identified of recurring patterns and themes. This paper argues that the metaphorical language employed within each of the schools reflects a lower level of esteem for the vocational qualification and the pupils taking it than that which is overtly expressed, and suggests that the negative metaphors employed by the headteacher may be instrumental in determining the status of such qualifications within the school

    Contingent identity and socialist democracy in the port of Maputo

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    activism;Mozambique;revolution;national liberation movements;socialism
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