"The virtues of Newell's book lie in its sustained and comprehensive analysis of economic theory and policy over almost two centuries. In its quiet, understated, and extremely well-researched and well-argued way, this book will generate a considerable controversy in the field of early American economic history."--John Brooke, Tufts University In a sweeping synthesis of a crucial period of American history, From Dependency to Independence starts with the "problem" of New England's economic development. As a struggling outpost of a powerful commercial empire, colonial New England grappled with problems familiar to modern developing societies: a lack of capital and managerial skills, a nonexistent infrastructure, and a domestic economy that failed to meet the inhabitants' needs or to generate exports. Yet, less than a century and a half later, New England staged the war for political independence and the industrial revolution. How and why did this transformation occur? Marshaling an...

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