An Economic History of Europe: Knowledge, Institutions and Growth, 600 to the Present

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Cambridge University Press, Jan 28, 2010 - Business & Economics
This concise and accessible introduction to European economic history focusses on the interplay between the development of institutions and the generation and diffusion of knowledge-based technologies. The author challenges the view that European economic history before the Industrial Revolution was constrained by population growth outstripping available resources. He argues instead that the limiting factor was the knowledge needed for technological progress but also that Europe was unique in developing a scientific culture and institutions which were the basis for the unprecedented technological progress and economic growth of the nineteenth and twentieth centuries. Simple explanatory concepts are used to explain growth and stagnation as well as the convergence of income over time whilst text boxes, figures, an extensive glossary and online exercises enable students to develop a comprehensive understanding of the subject. This is the only textbook students will need to understand Europe's unique economic development and its global context.
 

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Contents

What is economic history?
1
The making of Europe
10
Europe from obscurity to economic recovery
21
Population economic growth and resource constraints
42
The nature and extent of economic growth
60
Institutions and growth
74
Knowledge technology transfer and convergence
92
Money credit and banking
129
Trade tariffs and growth
154
International monetary regimes in history
171
from the minimal
185
past present future
206
Globalization and its challenge to Europe
221
Glossary by Karl Gunnar Persson and Marc P B Klemp
242
Index
250
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About the author (2010)

Karl Gunnar Persson is a Professor at the Department of Economics at the University of Copenhagen where he has been teaching comparative economic history and the history of globalization over the last thirty years. He is the author of Pre-Industrial Economic Growth: Social Organization and Technological Progress in Europe (1988) and Grain Markets in Europe 1500900: Integration and Deregulation (1999).