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BSc Economics / Course details
Year of entry: 2021
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Course unit details:
Capitalism in Historical Perspective: 1700-1913
|Unit level||Level 2|
|Teaching period(s)||Semester 1|
|Available as a free choice unit?||No|
Historically, capitalism developed in a variety of ways and took various forms. The course surveys the history of industrial capitalism in modern Britain (1700-1913) in a comparative perspective between c1700 and c1913, surveying key debates including:
1) Child work and gender – did capitalism really make everyone better off?
2) The role of the state in promoting or hindering capitalism.
3) The rise of the working classes, Marx, Engels and the “social question”.
4) The history of slavery and imperialism and their contribution to British economic development.
5) Financial markets, investment and the role of the printing press in creating a “nation of shareholders”.
Using various approaches, the course uncovers the complex narrative of the historical origins and development of modern capitalism. Students will study how capitalism is the result of a number of parallel transformations: industrial revolution, changing economic thought, shifts in demographics, transformation of social life and relations, and rethinking of political and moral ideas. They will confront themes including contemporary criticisms of capitalism, gender and social inequalities, speculation, fraud, and financial crime, commercial networks and finance, protests, competition and cooperation, trust and reputation within markets, and many more.
Available on which programme(s)?
This module is only available to students on History-owned programmes; History joint honours programmes owned by other subject areas; and BA Econ programmes.
This course will
- Introduce students to a broad range of relevant themes and historiographical debates associated with the economic and social history of capitalist development in industrializing countries .
- Engage students with critical concepts relating to the study of economic history and social history.
- Encourage students to adopt a critical perspective to their own understanding of capitalism and the rise of the modern economy.
- Facilitate independent study by developing key skills in terms of locating, analyzing and evaluating both primary and secondary source material related to important themes introduced in the course.
- Synthesize and organize information derived from independent research and digest such findings into an original argument.
Knowledge and understanding
- Confront how ideas of social justice and inequality shaped past societies.
- Articulate the relationship between people and institutions in their social and economic contexts.
- Develop awareness of how historians use primary sources in historical research to examine these relationships.
- Possess awareness of how economic and social history methods can be applied to specific historical periods and issues.
- Locate, retrieve, assimilate and interpret relevant information and key concepts from primary and secondary sources.
- Develop and present informed historical argumentation in written and oral form.
- Extend and apply oral and group skills by participating in and leading seminars.
Transferable skills and personal qualities
- Work independently through individual research.
- Writing well-structured pieces of assessed work.
- Developing written and oral fluency that are crucial for both academic work and future careers.
- Develop skills in engaging with unfamiliar modes of knowledge and communication, accepting responsibility for meeting deadlines and co-operating with others, developing confidence in their own abilities.
- Oral communication
- The oral work, and the feedback on it, will enable students to improve their reading and speaking skills.
- Written communication
- The written coursework will help students develop their abilities to undertake independent research using a wide variety of sources of information, and enable them to develop their analytical abilities and their writing skills.
- The intellectual and knowledge skills will prepare students for a range of careers requiring knowledge of historical changes to economic, social and political institutions, businesses and firms, markets and organisations, commodities and products, etc. Such careers could include law, business and management, advertising and communications, politics and administration, charities and voluntary organisations, private sector enterprises, self-employment and entrepreneurship, etc.
Formative or Summative
Oral Feedback in seminars
Written feedback on coursework
Formative and Summative
Written Feedback on exams
Additional one-to-one feedback with CUD, lecturers or tutors during consultation hours
Broadberry, Stephen & O’Rourke, Kevin (eds.), The Cambridge Economic History of Modern Europe Vols 1 & 2 (Cambridge, 2010).
Daunton, Martin, Progress and Poverty: An Economic and Social History of Britain, 1700 – 1850 (Oxford, 2010)
Daunton, Martin, Wealth and Welfare: An Economic and Social History of Britain, 1851 – 1951 (Oxford, 2007)
Floud, Roderick & Johnson, Paul (eds.), The Cambridge Economic History of Modern Britain – Vols. 1 & 2 (Cambridge, 2004).
Millward, Robert, The State and Business in the Major Powers: An Economic History, 1815 – 1939 (Abingdon, 2013)
Neal, Larry and Williamson, Jeffrey (eds.), The Cambridge History of Capitalism: Vols. 1 & 2 (Cambridge, 2014).
|Scheduled activity hours|
|Independent study hours|
|Edmond Smith||Unit coordinator|
|Aashish Velkar||Unit coordinator|
|Philipp Roessner||Unit coordinator|