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As a result, a secondary semi-autonomous ‘core’ region of industrial capital and labour had developed in North America by the 1880s that provided an independent dynamic for an extended regional specialization within the domestic economy.
These features represent the political economy of empires, the sets of relationships through which resources are obtained, collected, managed, and consumed and through which the political system—in effect, the distribution of power and authority—is maintained.
- The Bricks of Ego
- From Astor to Empire
- The 1929 Analysis
- The Market Value of The Empire State Building
- Visions of Grandeur Or Grander Visions?
When most people look up at supertall skyscrapers, like the Burj Khalifa or the Shanghai Tower, they assume they have been constructed for irrational purposes. The most common belief is that they are built by ego-driven developersseeking to build monuments to themselves. This certainly seemed like the case in 1931, when the two developers of the Em...
Before the Empire State Building existed, the site, at Fifth Avenue and 34th Street, housed the world-famous Waldorf-Astoria Hotel, which, since 1893, was receiving wealthy guests and holding lavish parties for the scions of the Gilded Age. In December 1928, Bethlehem Engineering Corporation purchased the lot, when the Waldorf-Astoria owners decide...
History has scoffed at Smith and Raskob for placing some two million square feet (185,806 m2) of office space on the market when the city’s economy was crashing. But from their point of view, in the summer and fall of 1929, when they were at the drawing board, what did the economic landscape look like then? Was their thought process really so irrat...
What seemed reasonable at the time, of course, quickly became unreasonable, and was seen by the wider public as an example of irrational decision making. Smith and Raskob faced no shortage of troubles keeping their building during the Great Depression. With help from their wealthy backers, they persevered and made the best of a bad and stressful si...
The conclusion here is that, in the long run, the final ego-based version of the Empire State Building was likely more profitable than the more mundane office building originally envisioned by Smith and Raskob. The 1,250-foot tower, with its mooring mast, has provided a greater aesthetic elegance and allows for its famous light displays. Adding the...
However, sometimes an empire is only a semantic construction, such as when a ruler assumes the title of "emperor". That polity over which the ruler reigns logically becomes an "empire", despite having no additional territory or hegemony.
This paper develops an economic theory of empire building. This theory addresses the choice among three strategies that empire builders historically have used. We call these strategies Uncoerced Annexation, Coerced Annexation, and Attempted Conquest.
- Herschel I Grossman, Juan Mendoza
- 2001
There were three main methods by which a modern Imperial state such as Britain might attempt to obtain special economic benefit from possession of colonies: by regulating their trade; by manipulating their monetary systems; and by investing in them. These main methods are specifically described.
Pernille Røge. History, Economics. 2019. Exploring the myriad efforts to strengthen colonial empire that unfolded in response to France's imperial crisis in the second half of the eighteenth century, Pernille Roge examines how political…. Expand.
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