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Donzé P: Capitalism’s Favorite Child

Capitalism’s Favorite Child

Global Fashion Business since 1850

List of figures List of tables List of boxes Acknowledgements Introduction 1. The emergence of the modern fashion business The global expansion of the commodity trade-wool, cotton, and silk Technological innovation-textile machinery, sewing machines, and artificial colors Standardization of sizes New consumption temples-department stores Conclusion 2. The rise of haute couture or high-end fashion The inventor of a new business: Charles Frederick Worth The heyday of French haute couture (1880-1939) Haute couture as a transnational industry Trade associations in haute couture Conclusion 3. Fashion for the masses Change in consumption habits Clothing industry around the world Networks and large factories Producing fabrics for the European colonies The internalization model in apparel retail: C&amp;A The outsourcing model: M&amp;S Conclusion 4. West meets East and the Rest How British cotton conquered the world and deindustrialized India Japan's Meiji Restoration, selective Westernization, and uniforms Forced opening of China, the Opium Wars, and the Westernization of Chinese culture Chinese and Japanese influences on Western fashion Wax fabrics connected Asia, Europe, and Africa Conclusion 5. American fashion Fur, cotton, and slavery Industrialization and textiles Ready-to-wear The rise of New York fashion The rise of denim Leisure and sportswear Conclusion 6. Fashion, fascism, and the Second World War Italian fascism, fashion, and fibers Nazi autarky, Aryanization, and artificial fibers Japan's fashion during the military dictatorship Paris fashion during the German occupation British-controlled fashion American independence from Paris Conclusion 7. Postwar fashion systems A new business model for Parisian haute couture US fashion industry-mass production, creativity and imitation The emergence of Italian fashion Western fashion and garments in Japan Growth of global apparel industry Conclusion 8. Global fashion: Outsourcing and the end of the production paradigm Global shifts in the textile and apparel industries The rise of global fashion companies Mediatization of fashion The Japanese way Fashion in developing economies Conclusion 9. Fashion conglomerates and fast fashion The rise of LVMH Financialization of luxury fashion brands Fast fashion-retail and production (Un)sustainability and fashion Conclusion 10. Sports to fashion Sportswear and casual style in the United States A German sports-shoemaker conquers Germany-and then the world Game changers-the rise of Nike and Reebok Near-death experience and revival of adidas Marketing of sportswear Fashionalization of adidas Conclusion 11. Digital fashion and global production networks Globalization and global production networks Fashion forecasting: WGSN (London) and Stylesight (New York) E-commerce, fast fashion, and the destruction of traditional retail Mediatization, bloggers, and influencers The Fourth Industrial Revolution in fashion Conclusion Conclusion References Index

Why socially responsible investment promises to make investors richer and the world better—but fails at both. Wall Street thrives by telling investors that clever financial strategies can reverse the trade-off between corporate profits and social progress. But the link between greater corporate social responsibility and improved financial performance is an illusion. Profit vs. Progress dissects the massive $30 trillion “socially responsible” or “sustainable” finance industry—and finds the emperor has no clothes. At best, sustainable investing typically delivers average rates of financial and social returns. But it makes social and environmental crises harder to overcome, by using financial gimmickry to distract our attention from real solutions. Author Brad Swanson argues that corporations in competitive markets act without moral values, and ethical investment can’t prod them to take greater social responsibility. The only way to change the outcome of the game is to change the rules. The solutions will have to come from legislatures, not corporate boardrooms. Swanson calls for public policies to make businesses better serve all of society, not just their shareholders—without blunting their edge. His recommendations include breaking up the cartel of large asset managers, rebuilding the influence of organized labor, curbing the rapacious behavior of the private equity industry, and eliminating the conflict of interest that pits corporate directors against the greater good of the community. The author shows that in previous eras of social crisis caused by corporate excess, meaningful reforms emerged through the political process. Today as well, the path forward is clear—if we have the will to follow it.

Why socially responsible investment promises to make investors richer and the world better but fails at both.

Why Socially Responsible Investment Doesn't Work and How to Fix It

Profit vs. Progress

Routledge Revivals

First published in 1932, this book provides an examination of the global economic crisis of the era. The work delves into the causes of the Great Depression, analyses the international situation as it stood, and outlines the necessary measures for recovery alongside the forces already working toward economic restoration.

An Epitome of the Economic Situation

World Disorder and Reconstruction

Ronald Coase Institute Series on New Institutional Economics

Ronald Coase's Nobel work outlined gains by reducing transaction costs and promoting property rights and markets to confront externalities. Countering market failure assertions and calls for centralized government intervention, Coase retorted that decentralized market negotiations could be welfare-improving by promoting collaborative, efficient problem solving, and releasing resources to the general economy. Despite this, his approach is not central to any US environmental law implemented after 1970. Federal government mandates dominate. Where's Coase? explains why. The private objectives of political agents lead to policies that are likely to be too costly and inequitable, despite provision of public goods. Citizens face high collective action costs and lack information to distinguish between public goods and private agent benefits. Examining three major environmental laws: the Clean Air Act, the Magnuson Stevens Fishery Act, and the Endangered Species Act, the book explores policy development and assesses the resulting costs relative to Coase's framework.

The Implications of Economic Property Rights or Rent-Seeking in Forming Institutions

Where's Coase?

In analyzing how business interacts with the evolution of economic, technological and political systems over the long term, the book provides a unique method to understand this increasingly vital topic. Updated to incorporate more detail on management theories, the new edition also brings the story up to date to the era of global crisis and financialization.With a chronological approach and led by globally-recognized experts on business history, this is essential reading for all business students and scholars looking at the past and towards the future.

In this textbook, expert authors Amatori and Colli present businesses as the key driver of economic change and development. In analyzing how business interacts with the evolution of economic, technological and political systems over the long term, the book provides a unique method to understand this increasingly vital topic. Updated to incorporate more detail on management theories, the new edition also brings the story up to date to the era of global crisis and financialization.With a chronological approach and led by globally-recognized experts on business history, this is essential reading for all business students and scholars looking at the past and towards the future.

Complexities and Comparisons

Business History

Cambridge Companions to History

Geoffrey Jones and Sabine Pitteloud present the latest research on the global history of multinationals and their impact on society and the environment. Bringing together leading international scholars, these essays survey key themes in our relationship with multinationals, from taxation and corruption to gender and the climate. Though often associated with large corporations like Apple or Nestlé, the contributors highlight the remarkable diversity in multinational strategies and organizational structures. They challenge the idea of an inescapable rise of multinationals by looking beyond the experience of Western countries and considering the effects of dramatic political shifts. Multinationals have often acted opportunistically, with their resilience carrying social costs through the exploitation of weak regulations, corrupt governments, inequalities, poor human rights, and environmental harm. This is an essential introduction to the historical role of multinationals for scholars and students as well as for policymakers and stakeholders navigating today's economic landscape.

The Cambridge Companion to the History of Multinationals and Society

This book offers a comprehensive exploration of Medan's development, blending rigorous research with narrative flair to recreate the historical ambience of the city and its people. Divided into three sections, the book delves into the evolution of Medan and its strategic role in the plantation economy, examines the lives and contributions of its prominent Chinese community, and follows the rise and fall of European and Chinese enterprises.
The book draws upon multiple historical archives from the Netherlands, Indonesia, Singapore, China, Switzerland, and many more, combined with images and interviews. Together, these resources provide a compelling backdrop to the narratives of influential figures and also everyday people. By situating local developments within the broader context of global events—such as economic and political shifts in Asia—the book provides a thorough understanding of Medan’s role as a truly cosmopolitan city in the Dutch Indies. The book is designed to invite readers into a unique past, using language and place names of the era to enhance authenticity.

This book offers a comprehensive exploration of Medan's development, blending rigorous research with narrative flair to recreate the historical ambience of the city and its people. Divided into three sections, the book delves into the evolution of Medan and its strategic role in the plantation economy, examines the lives and contributions of its prominent Chinese community, and follows the rise and fall of European and Chinese enterprises.The book draws upon multiple historical archives from the Netherlands, Indonesia, Singapore, China, Switzerland, and many more, combined with images and interviews. Together, these resources provide a compelling backdrop to the narratives of influential figures and also everyday people. By situating local developments within the broader context of global events—such as economic and political shifts in Asia—the book provides a thorough understanding of Medan’s role as a truly cosmopolitan city in the Dutch Indies. The book is designed to invite readers into a unique past, using language and place names of the era to enhance authenticity.

History, Society and Business

Stories from Medan, Volume 1

At a time when we are faced with fundamental questions about the sustainability and morality of the economic system, Capitalism and Its Critics provides a kaleidoscopic history of global capitalism, from colonialism and the Industrial Revolution to the ecological crisis and artificial intelligence. John Cassidy tells the story through the eyes of the system's critics across the globe: from eighteenth-century weavers who rebelled against early factory automation to Eric Williams's paradigm-changing work on slavery and capitalism, to the Latin American dependistas, the international Wages for Housework campaign of the 1970s, and the modern degrowth movement; from familiar figures like Smith, Marx, Luxemburg, Keynes, Polanyi to the lesser-known voices such as William Thompson, the Irish proto-socialist whose work influenced Marx; Flora Tristan, the French proponent of a universal labour union; John Hobson, the original theorist of imperialism; and J. C. Kumarappa, the Indian exponent of Gandhian economics. Blending biography, panoramic history, and lively exploration of economic theories, Capitalism and Its Critics illuminates the deep roots of many of the most urgent issues of our time.

A Battle of Ideas in the Modern World

Capitalism and Its Critics

Introduction.- A modern steel industry.- The origins of the Australian steel industry.- Boom years: the 1960s.- Stagnation: the 1970s.

This book explores the history and evolution of Australia’s steel industry. In the late 19th and early 20th centuries, the creation of a large, technologically advanced steel sector was widely seen as essential for economic development, providing vital inputs for railways, shipping, engineering, and construction. While new materials such as plastics, aluminium, and concrete have since taken centre stage, steel once stood at the heart of industrial progress.In the Australian context, the steel industry became closely linked with Broken Hill Proprietary Limited (BHP), for decades the country’s largest private corporation and long identified as the “Big Australian.” BHP’s exit from steelmaking in 2002 marked not just a corporate turning point but also reflected the broader transformation of the Australian economy, where mining increasingly overshadowed manufacturing.Yet, the story of steel in Australia is not merely one of decline. This book examines how the industry endured through profound shifts in the national and global economy, overcoming challenges and adapting to survive, even prosper, through the late 20th and early 21st centuries. In doing so, it reveals how businesses, particularly in the manufacturing sector, can demonstrate resilience and strategic adaptation in an era of globalisation.By tracing the steel industry’s rise, struggles, and persistence, this book offers fresh insights into the dynamics of industrial change and the lessons it holds for Australia’s economic future.

From 1964 to 2024

Australian Steel in a Globalised World

In July 1973, at the age of 21, Mark Constantine OBE started making herbal hair products while studying to become a trichologist. Over 50 years later he still works out of his first hair and beauty clinic in Poole High Street, although today at the head of the global cosmetics retailer LUSH.Dear Johntells the rags to riches story of how a headstrong young man went from earning £20 a week treating hair and scalp conditions with home-made remedies; to becoming the major product inventor for The Body Shop; and co-founding the LUSH natural cosmetics brand operating 900 shops in over 45 countries.Mark's story came to a grinding halt in March 2020 when the Covid pandemic closed almost every LUSH shop in the world. Coming hard on the heels of Brexit, another body blow for LUSH which employs thousands of EU citizens both in the UK and across Europe, things couldn't get much worse. Unless you happened to operate 50 shops in Russia and Ukraine and a tragedy was about to envelop your family.Before all of Mark's success, two boys growing up in the seaside resort of Weymouth began a 60-year friendship, where one was the hare and the other, the tortoise. That journey reached an epic climax in South Africa in 2012 and it spurred the hare to keep on running even harder than before. Another decade has passed but the tortoise has finally caught up again, and is the author of this expanded second edition of Dear John, which brings the often controversial life of Mark Constantine and the story of LUSH right up to date.

The Life Story of Mark Constantine CEO and the Creation of Lush

Dear John

Elements in Econophysics

Classical mechanics provided the conceptual and methodological foundations of neoclassical economics, which has its roots in economic individualism. Since the early twentieth century, statistical mechanics has underpinned a lesser-known approach to economics and finance, one that focuses on aggregates and the interactions between individuals. This has led to the emergence of a new field of research, known as econophysics, which brings to the fore concepts such as emergent properties, power laws, networks, entropy, and multifractality, thereby reshaping economic enquiry.

A Connected History of Two Disciplines

The Rise of Econophysics

Elements in Ancient and Pre-modern Economies

The Element reconstructs economic developments in state formation in Mesopotamia, from the 4th to early 3rd millennium BCE, trying to understand how interrelating environmental, social, economic, and political factors in the two main areas of Mesopotamia changed the structures of societies and transformed the relations between social components.

4th and 3rd Millennia BCE

Chalcolithic and Early Bronze Age Economies of Mesopotamia

*Winner of the Elizabeth Longford Prize and the Franco-British Society Literary Award* *Shortlisted for the Duff Cooper Prize* A magnificent biography of the founder of Impressionism In the course of a long and exceptionally creative life, Claude Monet revolutionized painting and made some of the most iconic images in western art. Behind this great and famous artist is a volatile, voracious, nervous yet reckless man, largely unknown. Jackie Wullschläger's enthralling biography, based on thousands of never-before translated letters and unpublished sources, is the first account of Monet's turbulent private life and how it determined his expressive, sensuous, sensational painting. Monet said he was driven 'wild with the need to put down what I experience'. This rich and moving biography immerses us in that passionate experience, transforming our understanding of the man, his paintings and the fullness of his achievement.

In the course of a long and exceptionally creative life, Claude Monet revolutionized painting and made some of the most iconic images in western art. Yet behind this great and famous artist is a volatile, voracious, nervous yet reckless man, largely unknown. Jackie Wullschläger's enthralling biography, based on thousands of never-before translated letters and unpublished sources, is the first account of Monet's turbulent private life and how it determined his expressive, sensuous, sensational painting. He was as obsessional in his love affairs as in his love of nature, and changed his art decisively three times when the woman at the centre of his life changed. His work also responded intensely to outside cataclysms - the Dreyfus Affair, the First World War. Prime Minister Georges Clemenceau was his closest friend. Rich intellectual currents connected him to writers from Zola to Proust; affection and rivalry to Renoir, Pissarro and Manet. Monet said he was driven 'wild with the need to put down what I experience'. This rich and moving biography immerses us in that passionate experience, transforming our understanding of the man, his paintings and the fullness of his achievement.

The Restless Vision

Monet

Capitalism’s Favorite Child

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