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"Economics and American Independence"
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Free Trade, Sovereignty, and Slavery: Toward an Economic Interpretation of American Independence
by
Staughton Lynd
,
David Waldstreicher
in
American Revolution
,
Continental congresses
,
Economic history
2011
“Free Trade, Sovereignty, and Slavery” offers a broad economic interpretation of the coming of the American Revolution. It does not ignore or discount leadership and political rhetoric but seeks to overcome what the authors term “historiographical amnesia” concerning economic causes. Examination of arguments made both in Great Britain and by delegates to the First and Second Continental Congresses, as well as the reasoning of Thomas Jefferson’s several “dress rehearsals” for the Declaration of Independence, reveals unappreciated relationships between the Founders’ desire to break away from imperial regulation of trade and their failure to abolish slavery. The essay perceives the American Revolution as one among many efforts by colonies anxious to determine their own destinies rather than the ‘exceptional’ event presented both by recent scholarship and by opinion makers outside the academy.
Journal Article
Reflections on Economic Interpretation, Slavery, the People Out of Doors, and Top Down versus Bottom Up
2011
Staughton Lynd and David Waldstreicher attempt to cut across old divisions in the historiography of the American Revolution between whigs and progressives (or neo-whigs and neo-progressives) to argue that the Revolution was a colonial independence movement and the reasons for it were fundamentally economic. Robert G. Parkinson, Jack Rakove, Barbara Clark Smith, and Michael A. McDonnell respond to the essay; the Forum concludes with Lynd and Waldstreicher’s reply.
Journal Article
War and the Imperative of Union
2011
Staughton Lynd and David Waldstreicher attempt to cut across old divisions in the historiography of the American Revolution between whigs and progressives (or neo-whigs and neo-progressives) to argue that the Revolution was a colonial independence movement and the reasons for it were fundamentally economic. Robert G. Parkinson, Jack Rakove, Barbara Clark Smith, and Michael A. McDonnell respond to the essay; the Forum concludes with Lynd and Waldstreicher’s reply.
Journal Article
Men Out of Time: Confronting History and Myth
2011
Staughton Lynd and David Waldstreicher attempt to cut across old divisions in the historiography of the American Revolution between whigs and progressives (or neo-whigs and neo-progressives) to argue that the Revolution was a colonial independence movement and the reasons for it were fundamentally economic. Robert G. Parkinson, Jack Rakove, Barbara Clark Smith, and Michael A. McDonnell respond to the essay; the Forum concludes with Lynd and Waldstreicher’s reply.
Journal Article
Got Nexus?
2011
Staughton Lynd and David Waldstreicher attempt to cut across old divisions in the historiography of the American Revolution between whigs and progressives (or neo-whigs and neo-progressives) to argue that the Revolution was a colonial independence movement and the reasons for it were fundamentally economic. Robert G. Parkinson, Jack Rakove, Barbara Clark Smith, and Michael A. McDonnell respond to the essay; the Forum concludes with Lynd and Waldstreicher’s reply.
Journal Article
Beyond the “Economic”
2011
Staughton Lynd and David Waldstreicher attempt to cut across old divisions in the historiography of the American Revolution between whigs and progressives (or neo-whigs and neo-progressives) to argue that the Revolution was a colonial independence movement and the reasons for it were fundamentally economic. Robert G. Parkinson, Jack Rakove, Barbara Clark Smith, and Michael A. McDonnell respond to the essay; the Forum concludes with Lynd and Waldstreicher’s reply.
Journal Article
Culinary Colonialism, Caribbean Cookbooks, and Recipes for National Independence
2024
Women across the Caribbean have been writing, reading, and
exchanging cookbooks since at least the turn of the nineteenth
century. These cookbooks are about much more than cooking. Through
cookbooks, Caribbean women, and a few men, have shaped, embedded,
and contested colonial and domestic orders, delineated the contours
of independent national cultures, and transformed tastes for
independence into flavors of domestic autonomy. Culinary
Colonialism, Caribbean Cookbooks, and Recipes for National
Independence integrates new documents into the Caribbean
archive and presents them in a rare pan-Caribbean perspective. The
first book-length consideration of Caribbean cookbooks,
Culinary Colonialism joins a growing body of work in
Caribbean studies and food studies that considers the intersections
of food writing, race, class, gender, and nationality. A selection
of recipes, culled from the archive that Culinary
Colonialism assembles, allows readers to savor the confluence
of culinary traditions and local specifications that connect and
distinguish national cuisines in the Caribbean.
The Mundellian Trilemma and Optimal Monetary Policy in a World of High Capital Mobility
2022
This paper proposes that the Mundellian Trilemma remains valid despite the emergence of a world financial cycle. A clear distinction must be made between monetary policy independence and insulation of an open economy’s financial system. A flexible exchange rate allows an optimizing central bank to chart an independent course but does not insulate the domestic financial sector or broader economy from foreign monetary or financial shocks. The gains from a flexible exchange rate may be considerable and vary in accordance with the mandate of the central bank. The Mundellian Trilemma highlights the acute shortage of policy instruments and resulting tradeoffs among policy goals.
Journal Article
Giving (Money) Back To Parents: Racial/Ethnic and Immigrant–Native Variation in Monetary Exchanges During the Transition to Adulthood
2020
Scholars consistently find that parents provide economic support to their young adult children through the transition to adulthood. However, scholars rarely examine whether young adults contribute monetary resources to their parents. To test this proposition, I use the National Longitudinal Study of Adolescent to Adult Health, and the case of “money for living expenses.” Overall, monetary independence is the modal category for all groups. However, when I compare across groups, I find that White young adults with native‐born parentage are more likely to report monetary independence, African Americans are more likely to report monetary interdependence and Asian and Latino children of immigrants are more likely to report child‐to‐parent assistance compared to each other, with SES explaining most, but not all, of these differences. I argue that young adult offspring in non‐White families are more likely to provide monetary support to their parents during the transition to adulthood. These transfers may deplete resources for non‐White young adults and may exacerbate racial/ethnic inequality during the transition to adulthood.
Journal Article
Non-Euro EU Member States and ECB-Originating Monetary Shocks: A Macroeconomic Policy Trilemma Question
2021
Post-crisis events following the 2008 Great Recession prompted researchers to question macroeconomic modelling and rethink the presence of the Mundellian policy trilemma. This conjecture posits that among monetary policy independence, fixed exchange rates and unrestricted capital flow, only two can be attained. Citing the central position of the U.S. dollar in global financial markets and its role in shaping worldwide credit conditions, Rey (International Monetary Fund (IMF) Economic Review, 2016) postulated that the trinity presents a dilemma. A small open economy (SOE) has to choose between unlimited participation in the financial system and autonomous monetary policy. Similarly, Edwards (The World Economy, 2015) inspected co-movements of the Federal Reserve and Latin American banks’ policy rates, discovering a strong relationship due to the role of the U.S. dollar as the main trade currency. Globally, given the steadily integrating European Union (EU), the remaining non-Euro member states must consider whether and when to fulfill the Maastricht Treaty obligation of adopting the common currency. Unbound by any deadline, Czechia, Hungary, Poland, Romania, and Sweden clung to their national currencies in the hopes of utilising monetary independence in economic downturns.
Journal Article