The Economic Decline Of Empires

The question of why empires decline and fall has attracted the attention of historians for centuries, but remains fundamentally unsolved. This unique collection is concerned with the purely economic aspects of decline. It can be observed of empires in the process of decline that their economies are generally faltering. Here the similarities in different cases of economic decline are identified, bearing in mind that individual histories are characterized by important elements of originality. In his introduction, Professor Cipolla points out that improvements in standards of living brought about by a rising economy lead to more and more people demanding to share the benefits. Incomes increase and extravagances develop, as new needs begin to replace those which have been satisfied. Prosperity spreads to neighbouring countries, which may become a threat and force the empire into greater military expenditure. For these and other reasons, public consumption in mature empires has a tendency to rise sharply and outstrip productivity and, in general, empires seem to resist change. The ten articles in this collection, first published in 1970, examine separate cases of economic decline, from Rome and Byzantium to the more recent histories of the Dutch and Chinese empires, and demonstrate both the resemblances and the peculiarly individual characteristics of each case.

With the cold war over and the Soviet empire dead, a new examination of American national policies and priorities is beginning. Most of the economic, political and military costs of the American empire, which exceed $1 trillion each year, are being questioned for the first time since World War II. Touted by George Washington as the infant empire, the United States expanded across the North American continent and at the turn of the twentiety century into the Pacific and Caribbean. At the end of World War II, it became the leader of the free world, a world empire of unprecedented power. However, by the 1980s, the strain of world leadership became apparent and signs of economic decline appeared, which is the inevitable fate of all empires. Jim Hanson undertakes this examination of imperial overstretch and decline and calls for a rechanneling of national energies into solving world-wide problems of war, environmental deterioration, and over-population. This historic-based and analytic critique of imperial America will interest scholars and students of American and world history, political and social science, economics, and foreign affairs.

We have seen many empires come and go. From the Roman Empire to the British Empire, we are now witnessing the decline of the US as a superpower. How do economic innovations foster global economic dominance, and how does the natural evolution of an economic empire eventually bring about its demise and replacement by other economic superpowers?

In this potentially controversial book, Berch Berberoglu argues that the internationalization of U.S. capital via worldwide expansion of U.S. transnational monopolies has led to the decline of the U.S. domestic economy--bringing about class polarization between labor and capital. The process of decline and polarization was accelerated during the 1980s under the Reagan administration, when a major transfer of wealth from the working class to the wealthy owners of the transnational corporations ushered in a period of irreversible decline and decay. This incisive volume untangles the complex web of social-economic connections that are, at their base, the manifestations of relations of production, distribution, and exchange. Following a theoretical chapter which outlines the liberal, world system, and class analysis approaches--the three major positions on the rise and fall of global empires--Berberoglu provides an empirical account of the position of the United States in the world political economy in the postwar period. While the bulk of the middle chapters examines this decline and its consequences for the working people of the United States, subsequent chapters address the response of the state and of the labor movement to the social and economic crisis. This highly informative book contains the latest data presented in tables and charts that draw out the most critical elements in the economic and social trends evolving in the United States, and stands alone in its provocative treatment of the current crisis of U.S. capitalism.

Paul Kennedy's classic naval history, now updated with a new introduction by the author This acclaimed book traces Britain's rise and fall as a sea power from the Tudors to the present day. Challenging the traditional view that the British are natural 'sons of the waves', he suggests instead that the country's fortunes as a significant maritime force have always been bound up with its economic growth. In doing so, he contributes significantly to the centuries-long debate between 'continental' and 'maritime' schools of strategy over Britain's policy in times of war. Setting British naval history within a framework of national, international, economic, political and strategic considerations, he offers a fresh approach to one of the central questions in British history. A new introduction extends his analysis into the twenty-first century and reflects on current American and Chinese ambitions for naval mastery. 'Excellent and stimulating' Correlli Barnett 'The first scholar to have set the sweep of British Naval history against the background of economic history' Michael Howard, Sunday Times 'By far the best study that has ever been done on the subject ... a sparkling and apt quotation on practically every page' Daniel A. Baugh, International History Review 'The best single-volume study of Britain and her naval past now available to us' Jon Sumida, Journal of Modern History

"A compelling theory on the rationale for the changing fortunes of nations"--Publisher's website.

Financial crises, which are currently perceived as the dark side of economic cycles, also represent one of the most obvious remedies to the decline of empires. Paradoxically, far-ranging economic crises have not necessarily accelerated the downfall of civilizations. The times of economic crises, whose apparent calamities weaken the Empires, can prove periods of renewal. In Hellenistic Greece and early modern Venice, the economic difficulties have not been sharp enough to favour the emergence of a new elite capable of slowing down the decline of the Empires. In Rome and Byzantium on the reverse, the spectacular financial crises have spawned the emergence of a new military elite. This new-born aristocracy, spared from nihilism thanks to its culture of realities and devoted to the protection of life, has skilfully exploited the difficulties generated by the crisis, thus enabling the renaissance of Empires.

The Rise and Decline of the American "Empire" explores the rapidly growing literature on the rise and fall of the United States. The author argues that after 1945 the US has definitely been the most dominant power the world has seen and that it has successfully met the challenges from, first, the Soviet Union and, then, Japan, and the European Union. Now, however, the United States is in decline: its vast military power is being challenged by asymmetrical wars, its economic growth is slow and its debt is rising rapidly, the political system is proving unable to meet these challenges in a satisfactory way. While the US is still likely to remain the world's leading power for the foreseeable future, it is being challenged by China, particularly economically, and also by several other regional Great Powers. The book also addresses the more theoretical question of what recent superpowers have been able to achieve and what they have not achieved. How could the United States be both the dominant power and at the same time suffer significant defeats? And how could the Soviet Union suddenly collapse? No power has ever been omnipotent. It cannot control events all around the world. The Soviet Union suffered from imperial overstretch; the traditional colonial empires suffered from a growing lack of legitimacy at the international, national, and local levels. The United States has been able to maintain its alliance system, but only in a much reformed way. If a small power simply insists on pursuing its own very different policies, there is normally little the United States and other Great Powers will do. Military intervention is an option that can be used only rarely and most often with strikingly limited results.