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

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Basic Books, Aug 1, 2008 - Business & Economics - 416 pages
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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
4
The Starting Point The Middle Ages
38
The Growth of Trade to 1750
72
The Evolution of Institutions Favorable to Commerce
114
The Development of Industry 17501880
145
Diversity of Organization The Corporation
190
Technology Trusts and Marketable Stock
212
The Link between Science and Wealth
243
Diversity of Enterprise
270
Implications and Comparisons
303
Index
338
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