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Milton Friedman hung up the phone in disgruntlement. The most influential economist of the postwar era had just called three different banks, one in Chicago and then two in New York, in order to initiate a financial transaction. He wanted to sell short $300,000 in pound sterling. Short selling is a technique for speculating on falling prices. Initially, speculators can only speculate on rising prices: they buy something and hope that it gains value, so that they can sell it at a profit. If the price for this asset goes down instead, the speculator incurs a loss when he resells it. So in order to profit from falling prices, speculators need to sell first and buy later – which is indeed possible if what is sold now is in fact only to be delivered a few weeks later. If the speculator is right and prices fall in the interim, he can buy cheap just before delivery is due and thus profit from having already sold what, at the time, he had not yet owned.
The fiftieth issue
(2021)
At first glance, the seventeenth year of this journal’s publication would not appear to mark any particular anniversary. And yet the present edition is quite special for the editors and the editorial team: it is the 50th issue overall. (There was a double issue in 2007, otherwise there have always been three issues each year.) This milestone is the occasion for a brief review of the original objectives and of developments thus far, as well as a (self-)critical look at what the future may bring. Scholars in the nascent field of the cultural study of periodicals have rightly observed: ›The production of periodicals is often accompanied by reflections on the value, conditions, and promise of producing periodicals.‹
Historians have analyzed films, novels, records, theater plays etc. primarily in reference to their meaning and reception. This article makes a case for moving the focus to the actors, structures and processes that shape symbolic objects before these are consumed. To this end, we present a framework established in US sociology to study the fabrication, distribution and evaluation of symbolic content. We discuss the production of culture perspective as an approach that appears to be particularly useful for historical research and, by reviewing selected works from the sociological literature, demonstrate how this perspective can be applied to phenomena like popular music and literary fiction. We focus on genres as bundles of conventions as one lens through which historians may analyze the creation, reproduction, evaluation and consumption of culture.
Theory matters. Most historians would probably agree with this postulate, in the sense that theories from disciplines such as sociology, economics or psychology can sharpen historical analyses of any topic (though many of them may prefer quite pragmatic, common-sense approaches in their own empirical studies). But when it comes to a historical understanding of a phenomenon like marketization, theory does remain an analytical resource – and at the same time turns into a multifaceted object of research. The way we think about markets is highly affected by theorists, and not only by their ideas but also by their effectiveness in making them influential over specific periods of time.
Thinking About Empire
(1997)
Common sense tells us that empires rise and fall. We know that the Roman, Habsburg, Ottoman, and Romanov realms were called empires, and we know — from history or, more precisely, from historians — that they had temporally identifiable beginnings and ends. Not surprisingly, we conclude that the history of entities called empires must hold the explanatory key to the rise and fall of empires.
By expanding historical image research, visual history has in the recent past established itself as a field of research in late modern and contemporary history, which considers images in a wider sense both as sources as well as independent artifacts of historiographical research and likewise looks at the visuality of history and the historicity of the visual. Its exponents advocate understanding images beyond their pictorialness as a medium and as an activity with an independent aesthetic that condition the way of seeing things, shape perceptual patterns, convey interpretations, that organize the aesthetic relationship of historic subjects to their social and political reality and which are able to generate own realities.
The web and tomorrow’s historiography. Since the 1990s the world wide web (or simply, the web) has been an integral and important part of the communicative infrastructure of modern societies. On the one hand the web has developed as a new medium in its own right, in continuation of other media types such as newspapers, film, radio and television. On the other hand, the web has been intimately entangled in the social, cultural and political life taking place outside of the web. For example, within the realm of politics the web has been essential for the extreme left and right since the mid 1990s (as a platform for discussion and mobilisation as well as for the diffusion of political ideas). And in everyday life an important part of modern youth culture has for a number of years been closely connected to such web phenomena as YouTube, Facebook and Twitter.
Dieser Text ist eine Verschriftlichung des Eingangsstatements von Lyndal Roper bei der Diskussionsreihe "Geschichtliche Grundfragen". Die von Rüdiger Graf (ZZF), Matthias Pohlig (HUB) und Ulrike Schaper (FU Berlin) initiierte Veranstaltung fand im Wintersemester 2022/23 im Online-Format statt. Zeitgeschichte|online veröffentlicht die Eingangsstatements der Veranstaltung in einem Dossier. Die Vorträge wurden bis auf wenige Ausnahmen von der Audioaufnahme transkribiert und überarbeitet, dabei wurde Wert darauf gelegt, die rein sprachliche Form der Statements beizubehalten.
Youth Organizations
(2019)
Hitler Youth, Komsomol, Boy Scouts – no grand narrative of the twentieth century can ignore these youth leagues and their millions of members. For some these organizations meant fun and games or adventure, for others rigid hierarchies and political indoctrination. These stereotypes notwithstanding, historians have nevertheless succeeded in painting a nuanced picture of this pedagogical innovation. This contribution outlines the key developments in scholarly debate and shows how addressing youth organizations can benefit core working areas of contemporary history.
By the late 1970s, it was technologically possible to manufacture microcomputers – very small, stand-alone computers for personal use – in very large quantities. Selling them, however, meant creating a mass market where none existed: conventionally, only trained professionals, and a few devoted enthusiasts, interacted directly with the machines. Designers, marketers, retailers and other promoters therefore sought to build meanings into the design and presentation of computers which would connect them with new audiences. Such meanings reflected – and might themselves modify – the prevalent hopes, fears, desires and expectations of the users’ cultures.
While Crises are omnipresent in history and historiography, the meaning of the concept of „Crisis“ is becoming more elusive than ever. The new article by Rüdiger Graf and Konrad H. Jarausch scrutinizes how historians use the concept with respect to contemporary history, the twentieth century, and modernity in general. After briefly sketching the conceptual history of "crisis," the article addresses the questions of how the concept structures historiographical narratives, what types of crises historians distinguish, and, considering its vagueness, suggestive power, and political instrumentalization, if we should retain the concept or refrain from using it.