Relative to the other habited places on our planet, Hawai'i has a very
short history. The Hawaiian archipelago was the last major land area on
the planet to be settled, with Polynesians making the long voyage just
under a millennium ago. Our understanding of the social, political, and
economic changes that have unfolded since has been limited until
recently by how little we knew about the first five centuries of
settlement.
Building on new archaeological and historical research, Sumner La Croix
assembles here the economic history of Hawai'i from the first Polynesian
settlements in 1200 through US colonization, the formation of statehood,
and to the present day. He shows how the political and economic
institutions that emerged and evolved in Hawai'i during its three
centuries of global isolation allowed an economically and culturally
rich society to emerge, flourish, and ultimately survive annexation and
colonization by the United States. The story of a small, open economy
struggling to adapt its institutions to changes in the global economy,
Hawai'i offers broadly instructive conclusions about economic
evolution and development, political institutions, and native Hawaiian
rights.