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Merchants and Mechanics

Exploring the History of Economic Growth

Category: political institutions

The Doctrines of Nineteenth-Century Socialism

The Doctrines of Nineteenth-Century Socialism

October 22, 2017August 13, 2025 Posted in economic institutions, political institutions, social institutions

Socialist ideas first appeared in the early 1800s. Saint-Simon, Sismondi, Fourier and Marx were among their early expositors and proponents.

The Political Impact of Nineteenth-Century Socialism

The Political Impact of Nineteenth-Century Socialism

October 21, 2017May 14, 2025 Posted in economic institutions, political institutions, social institutions

Socialist and communist political parties were active by 1870. The most successful Marxist party, Germany’s SPD, was the largest party in the Reichstag by 1914.

An Economic History of Russia: 1900-1924

An Economic History of Russia: 1900-1924

October 8, 2017November 23, 2024 Posted in economic institutions, history of economic growth, political institutions

In the first decades of the twentieth century, Russia went from autocracy, to revolution and civil war, to communist rule.

An Economic History of Russia: 1924-1953

An Economic History of Russia: 1924-1953

October 6, 2017May 20, 2025 Posted in history of economic growth, political institutions

During Stalin’s rule, the Soviet Union abandoned markets in favour of a pure command economy, and industrialized at the fastest possible pace.

An Economic History of Russia: 1953-1985

An Economic History of Russia: 1953-1985

October 4, 2017December 3, 2024 Posted in economic institutions, history of economic growth, political institutions

The years 1953-85 were a test of the efficacy of central planning. It was a test that central planning unequivocally failed. What went wrong?

An Economic History of Russia: 1985-1991

An Economic History of Russia: 1985-1991

October 2, 2017November 4, 2024 Posted in economic institutions, history of economic growth, political institutions

Mikhail Gorbachev introduced market-oriented economic reforms in the late 1980s. They were too little, too late. The Soviet Union collapsed in December 1991.

The Holodomor and Mao’s Famine

The Holodomor and Mao’s Famine

May 5, 2017December 28, 2022 Posted in economic institutions, political institutions

The Communist governments of Stalin and Mao were responsible for two of the worst famines in history.

Chinese Politics in the Time of Deng Xiaoping

Chinese Politics in the Time of Deng Xiaoping

March 31, 2017October 6, 2024 Posted in history of economic growth, political institutions, social institutions

The era in which Deng Xiaoping restructured the Chinese economy was also an era of social unrest, both within China and in the Eastern Bloc.

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