What was special about Europe?

Gregory Clark's new book A Farewell to Alms is not the only recent take on the emergence of the industrial revolution. Dartmouth's Meir Kohn has a forthcoming work too. Titled The Origins of Western Economic Success: Commerce, Finance and Government in Pre-Industrial Europe, the book manuscript is available online. As Kohn explains in Chapter 1, his work has a Smithian focus on commerce and markets, seeing the creation and expansion of markets in pre-industrial Europe as the key to economic growth:

The can-opener in the Ricardian theory of economic growth is the market. The market is simply taken for granted: it plays no explicit role in the Ricardian theory. But in the real world, markets cannot be taken for granted. Contrary to the Ricardian view, it is not technological progress but rather the creation and expansion of markets that drives economic growth. Technological progress is a consequence, not a cause. It is a lack of well-functioning markets—not a lack of resources or of technology—that explains the stagnation of the less-developed world and the problems of the transition economies.

The economic success of the West is explained, not by its cultural superiority or by the wisdom of its governments, but by its greater success in developing markets. Of course, the obvious question is, Why do markets develop more successfully in one place rather than in another? Answering that question is a primary goal of this book.

This is a detailed and fascinating work, written in a clear prose. I look forward to its publication and the ensuing debate.

Comments

[Brian Ferguson]

I've been using Kohn's online MS as background for my History of Economic Thought course for a couple of years now. It's an excellent book, deserves a lot of attention.

[travesti video]

This article is very beautiful, I really get very beyendım text files manually to your health as you Travesti very beautiful and I wish you continued success with all respect ..

Thanks for helpful information Travesti siteleri you catch up us with your sagol instructional çok explanation.
en iyi travestiler en guzel Travestiler

Travesti
Travestiler
Travesti siteleri
Travesti
Travesti video
Travesti
Travesti
Travesti
sohbet
organik
güncel blog
Travesti

[ebru34]

This article is very beautiful, I really get very beyendım text files manually to your health as you travesti very beautiful and I wish you continued success with all respect .. travesti

[travesti]

thnk u admin for this site

[travesti]

Blog provide more fun in different environments where we come here to follow us as we look to the user admin travesti - travesti - escort - travesti - travesti problem thank

[ersince]

Thanks for sharing. To explain and understand a subject very smooth brain certainly needed. The poets and poems here are a few words about the look.
şiir perisi
şiirler
şairler

[Melissa]

Thanks for helpful information siteleri you catch up us with your sagol instructional çok explanation. cavusbasi ve dizifilm

dizi izle
cavusbasi

[Buy Adderall]

TO BE SUCCESSFUL AT THEIR job, internal auditors must be able to write, speak, and listen effectively.

[buy codeine]

Additionally, listening is difficult because people don't work as hard at it as they should.

[Buy Adderall]

Internal auditors must listen to explanations, rationales, and defenses of financial practices and procedures

[Buy Adderall]

About one third of total Danish employment is in the public sector

[Buy hydrocodone]

Langenbrunner had assisted on their third goal before Sutter rebuked him for laziness in the defensive end

[Buy hydrocodone]

But, I’ve never once held something personal against a player from a confrontation

[discount jordan shoes]

Thanks for helpful information Travesti siteleri you catch up us with your sagol instructional çok explanation.
en iyi travestiler en guzel Travestiler

[canlı sohbet kameralı]

for helpful information Travesti siteleri you catch up us with your sagol instructional çok explanation.
en iyi travestiler en guzela

[cem]

travesti

[cem]

travesti

[Maria]

Çilek sex shop Mağzamızda En Kaliteli sex ürünleri, sex oyuncakları şişme bebek ve erotic shop erotik giyim Ürünlerini Bulabileceğiniz Gibi Ayrıca, penis büyütücü, geciktirici, Bayan Uyarıcı, Ürünlerde Temin Edebilirsiniz. 1994 ten Bu Yana En Kaliteli Orjinal Erotik Ürünlerini Sağlamakta Olan Çilek Erotik Shop ta Tüm Cinsel Ürünleri Bulabilirsiniz

[horkes]

Remove it from the loud sound described as among the People of the individual during sleep, especially in the medical sense, the most common cause of snoring soft palate observed in adults, little more than normal growth of the tongue, the muscles sag and lose tension and blockage of the airway during sleep titresmesidir little of the language.

[sac çikarici]

Internet users in more than 2 billion people worldwide, 778 million the number of computers registered to the internet, the web of 313 million, a total of 205 million units in the name of that reported.

To the extent that there is hundreds of millions of blogs and video Ahmed, said that Turkey has been estimated that there's at around 30 million.

Ahmed, the computer recorded the number of Internet in Turkey has been reported around 4 million, 250 thousand under .. en told that the domain name.

[diş beyazlatma kalemi]

Save the essence of life in the treatment of skin allantoinle Snail! This essence creates a bad appearance and have no choice tahribatlarının skin no longer be removed even if the so-called cracks.

Nature of this herbal solution effectively and safely as possible to get rid of sivilcelerinizden! Skin care products on behalf of the choice deliberately choose to adhere and creams containing natural formulas that you keep the fault

[extra jel]

As millions of people who want to lose weight, but youDid he can not succeed in a kind of worry about your weight yanıyorsunuz more? You might think, and this process will be much easier to lose weight in a healthy way to get over ... Now a much more difficult as it used to have a nice view, but you have to do is that you want to attenuation.

[mitsubishi klima servisi]

Thanks for the info. Very useful topic