How The West Grew Rich: The Economic Transformation Of The Industrial World
How did the West—Europe, Canada, and the United States—escape from immemorial poverty into sustained economic growth and material well-being when other societies remained trapped in an endless cycle of birth, hunger, hardship, and death? In this elegant synthesis of economic history, two scholars argue that it is the political pluralism and the flexibility of the West’s institutions—not corporate organization and mass production technology—that explain its unparalleled wealth.
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The Middle Ages
The Growth of Trade to 1750
The Evolution of Institutions Favorable to Commerce
Diversity of Organization The Corporation
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activity advances advantage Ages agricultural American authority became become beginning capital capitalist century chapter common companies comparatively competition corporations costs countries created decline depended early economic growth effect employees England English enterprises Europe exchange existing expansion experiment explanation fact factory feudal firms force important improved increase individual industry innovation institutions interest investment Italy labor land later less limited manor manufacturing materials medieval merchants merger methods Middle military monopoly natural nineteenth century operation organization output period political population possible practice Press problem production profits reason relations result rise risk scientific securities shares social society specialized sphere steam success supply towns trade transportation United University urban wealth West Western workers York
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