How The West Grew Rich: The Economic Transformation Of The Industrial World

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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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Contents

Introduction
3
The Middle Ages
37
The Growth of Trade to 1750
71
The Evolution of Institutions Favorable to Commerce
113
17501880
144
Diversity of Organization The Corporation
189
Technology Trusts and Marketable Stock
211
The Link between Science and Wealth
242
Diversity of Enterprise
269
Implications and Comparisons
302
FNDEX
337
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About the author (2008)

Nathan Rosenberg, a leading expert on the history of technology, is an economist at Stanford University.

L.E. Birdzell, Jr. is an attorney and legal scholar, based in Newport, Rhode Island.

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