No Ke Kālaiwaiwai: The Elements of 19th Century Hawaiian Economics
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2020
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University of Hawaii at Manoa
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Abstract
This research project examines the economic policy of the Hawaiian Kingdom in the
early 19th century. From the time of Kamehameha I to the reign of Kauikeaouli, the ancient
Hawaiian economy was transformed into a capitalist system as foreign points of view entered
Hawaiian society. This paper analyzes the elements of a capitalist economy and the approaches
taken by the chiefs to lead the Hawaiian Kingdom through economic policymaking. The main
topics addressed include the global economy, forms of taxation, accumulation of national debt,
and the changing perceptions of land and resources over time. By examining the type of
economy that changed the ancient Hawaiians’ way of life, we can better understand the capitalist
economic system that continues to influence our lifestyles in Hawaiʻi today.
Keywords: Hawaiian economics, Hawaiian Kingdom, waiwai
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56 pages
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