Lance Davis and Robert Gallman, 'Evolving Financial Markets and International Capital Flows: Britain, the Americas, and Australia, 1865–1914': (Cambridge: Cambridge University Press, 2001. 994 pp. £70.00)

Abstract

This is a prodigious work of research and scholarship. It shows the empirical strength and persuasiveness, as well as the limitations, of the quantitative, comparative, institutionalist approach to the relationship of past to present for both explaining the history of economic development and understanding the present world economy in all its variations.