IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/55940.html
   My bibliography  Save this paper

Of railroads and finance: The making of market society in the Pacific Northwest

Author

Listed:
  • Green, Mitchell R.

Abstract

This paper examines how the development of railroads in the region established enduring ties with financiers on the East coast and Europe, and how these ties facilitated the exercise of power for certain individuals central in their respective social networks. These men of railroads and finance acted in an institutional capacity to transform the region we now understand as the Pacific Northwest so that it was conducive to the generation of financial flows in the machine age. In doing so, they set in motion a process of cumulative development that would render the old provisioning process unviable. That is, the non-market provisioning process embedded in the complex of tribal social relations was destroyed and the peoples who flourished within it were displaced. However, the two systems shared a common thread: each bore some direct relationship with the Columbia River Basin. Hence, I use the river as my entry point in a framework of analysis that seeks to trace out the many relations that account for such radical change.

Suggested Citation

  • Green, Mitchell R., 2014. "Of railroads and finance: The making of market society in the Pacific Northwest," MPRA Paper 55940, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:55940
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/55940/1/MPRA_paper_55940.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Veblen, Thorstein, 1904. "Theory of Business Enterprise," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1904.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Green, Mitchell, 2014. "Electrification in the Pacific Northwest and Problem of Embeddedness," MPRA Paper 59874, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Richard Nielsen, 2013. "Whistle-Blowing Methods for Navigating Within and Helping Reform Regulatory Institutions," Journal of Business Ethics, Springer, vol. 112(3), pages 385-395, February.
    2. Jack High, 2011. "Dr. Anderson and the Austrians: Price formation as a cumulative process," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 24(2), pages 199-211, June.
    3. Hugh Rockoff, 2008. "Great Fortunes of the Gilded Age," NBER Working Papers 14555, National Bureau of Economic Research, Inc.
    4. Marie-Laure Salles-Djelic & Sigrid Quack, 2004. "Governing Globalization – Bringing Institutions Back In," Post-Print hal-01892007, HAL.
    5. Anastassios D. Karayiannis & Allan E. Young, 2003. "Entrepreneurial Activities in a Veblenian Type Transition Economy," The American Economist, Sage Publications, vol. 47(2), pages 40-51, October.
    6. F. Gregory Hayden, 1989. "Institutionalism for What: To Understand Inevitable Progress or for Policy Relevance?," Journal of Economic Issues, Taylor & Francis Journals, vol. 23(2), pages 633-645, June.
    7. Nitzan, Jonathan & Bichler, Shimshon, 2001. "Going Global: Differential Accumulation and the Great U-turn in South Africa and Israel," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 33(1), pages 21-55.
    8. Eric R. Hake, 1998. "Financial Innovation as Facilitator of Merger Activity," Journal of Economic Issues, Taylor & Francis Journals, vol. 32(1), pages 145-170, March.
    9. Hanin, Frédéric, 2003. "La place du Treatise on Money dans l’oeuvre de Keynes : une théorie de l’instabilité," L'Actualité Economique, Société Canadienne de Science Economique, vol. 79(1), pages 71-86, Mars-Juin.
    10. Mark Gertler, 1988. "Financial structure and aggregate economic activity: an overview," Proceedings, Federal Reserve Bank of Cleveland, pages 559-596.
    11. Claude Diebolt, 2009. "Business Cycle Theory before Keynes," Working Papers 09-11, Association Française de Cliométrie (AFC).
    12. Kirrane, Chris, 2018. "What Caused the Asian Currency?," MPRA Paper 93643, University Library of Munich, Germany.
    13. Davanzati, Guglielmo Forges, 2018. "Structural change driven by institutions: Thorstein veblen revised," Structural Change and Economic Dynamics, Elsevier, vol. 45(C), pages 105-110.
    14. Parada, Jairo, 2016. "Economia Pluralista para Enfrentar Crisis Contemporanea [Pluralist Economics to Confront Recent Crisis]," MPRA Paper 72224, University Library of Munich, Germany, revised 15 May 2016.
    15. Bichler, Shimshon & Nitzan, Jonathan, 2012. "Imperialism and Financialism. A Story of a Nexus," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 5, pages 42-78.
    16. Jan-Erik Vahlne & Jan Johanson, 2017. "From internationalization to evolution: The Uppsala model at 40 years," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 48(9), pages 1087-1102, December.
    17. Charles G. Leathers & J. Patrick Raines, 2011. "Natural religion and “moral capitalism”," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 38(4), pages 330-340, March.
    18. Naoise McDonagh, 2021. "Credit Guidance for a Desired Economy: An Original Institutional Economics Critique of Financialization," Review of Radical Political Economics, Union for Radical Political Economics, vol. 53(4), pages 675-693, December.
    19. Djelic, Marie-Laure & Quack, Sigrid, 2002. "The missing link: Bringing institutions back into the debate on economic globalisation," Discussion Papers, Research Unit: Organization and Employment FS I 02-107, WZB Berlin Social Science Center.
    20. Valentinov, Vladislav, 2015. "From equilibrium to autopoiesis: A Luhmannian reading of Veblenian evolutionary economics," Economic Systems, Elsevier, vol. 39(1), pages 143-155.

    More about this item

    Keywords

    Social provisioning process; embeddedness; social network analysis; Henry Villard; Pacific Northwest; institutional economics; heterodox economics;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • L9 - Industrial Organization - - Industry Studies: Transportation and Utilities
    • N9 - Economic History - - Regional and Urban History
    • N91 - Economic History - - Regional and Urban History - - - U.S.; Canada: Pre-1913

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:55940. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.