I wonder if any members of this listserv could answer the following query?
Some years ago I read an article which suggested that the first boom/bust
cycle of capitalism arose when Elizabeth 1 was prosecuting her sea war
against Spain.
When the war was going badly and her ships were being destroyed there was
work in the port cities which drew men from the hinterland. When the war
was going well not so many ships were being sunk and therefore work was
scarce. Thus a cycle of employment/unemployment began and with it the
emergence of a new poverty related to inconsistent labour markets.
I'm wanting to know any references that members may have that critically
evaluate this assumption.
Thanks,
Ian
Ian Culpitt
Senior Lecturer in Social Policy
Head, Department of Sociology and Social Policy
Victoria University of Wellington
Te Whare Wananga o te Upoko o te Ika o Maui
PO Box 600 Wellington
New Zealand
Telephone (04) 495.5233 ext. (04) 471.5317 (Secretary)
Fax (04) 495.5041
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