By Maarten Prak

Maarten Prak (ed.)

This quantity takes inventory of contemporary examine on financial progress, in addition to the improvement of capital and labour markets, through the centuries that preceded the economic Revolution. The booklet underlines the variety within the monetary reports of early glossy Europeans and indicates how this sort should be the basis of a brand new belief of financial and social switch.

Show description

Read or Download Early Modern Capitalism: Economic and Social Change in Europe 1400-1800 (Routledge Explorations in Economic History) PDF

Best capitalism books

Global History: A View from the South

Responding to the necessity to take a clean examine international background, hitherto ruled via Eurocentric ideologues and historians of their try to justify the character and personality of contemporary capitalism, Samir Amin seems to be during this ebook on the old international process and the way it has stimulated the improvement of the trendy international.

Political Economy and Global Capitalism: The 21st Century, Present and Future

Robert Albritton, Bob Jessop, Richard Westra (eds. )

This quantity brings jointly unique and well timed writings through across the world popular students that think of the present trajectories of worldwide capitalism and, within the mild of those, reflect on most likely, attainable or fascinating futures. It bargains theory-informed writing that contextualizes empirical learn on present world-historic occasions and tendencies with a watch in the direction of understanding a way forward for human, social and monetary betterment.


'This is an illuminating choice of essays on the place we're and the place we would turn out, from a wonderful overseas and interdisciplinary workforce of students and activists. ' —Stuart Elden, affiliate Director of the overseas barriers examine Unit, Durham University

The Transition from Feudalism to Capitalism

The Transition from Feudalism to Capitalism
Paul M. Sweezy and Maurice Dobb
Science & Society
Vol. 14, No. 2 (Spring, 1950) (pp. 134-167)
Page count number: 34

Of Synthetic Finance: Three Essays of Speculative Materialism

Artificial finance revolutionizes materialism such that we will now create wealth within the technique of universally allotting it. whereas monetary innovation in international capitalism supplied the stipulations for the 2008 monetary difficulty, it has additionally engineered a collection of economic applied sciences with common distributive power.

Additional info for Early Modern Capitalism: Economic and Social Change in Europe 1400-1800 (Routledge Explorations in Economic History)

Sample text

They have focused in particular on the apparent increase in the volatility of grain prices on urban markets (rural prices being generally unknown), which they take as evidence of worsening harvests and of the increased liability of the urban poor to death by hunger. Both inferences are open to question. Price volatility is strictly speaking a function of the efficiency of urban supply structures rather than of the volatility of the neighbouring harvest. The two will only coincide if output is subject to identical shocks across a town’s entire supply region, so the town is unable to compensate for declining output in one part of the supply area by importing food from elsewhere (if compensatory flows do arise, prices on the urban market will increase only by the difference in transport costs between the two locations).

Based on practical technical knowledge that was available from the thirteenth century or before. By the 1320s Norfolk and Kentish peasants had achieved levels of land productivity that were reached again only in the eighteenth century (Campbell and Overton 1993; Campbell 1995:555). 25 per cent per annum thanks to investments in drainage, reorganization of plots, the planting of higher value crops, and improvements in transport and distribution, that required no major technical change; these gains were associated with a rough doubling of the total population and a tripling of the proportion of urban residents in the region.

What these estimates did not do was to measure changes in output per unit of land and labour, and in the return to investment. Neo-Malthusian pessimists also took the lack of major crop and machine innovations between the fourteenth and the eighteenth centuries as evidence that productivity was stagnant. However, recent more sophisticated measurements of output and capital efficiency have substantially raised earlier estimates, and have gone on to suggest that the lack of major technical change before 1750 was not a significant constraint upon output at the prevailing levels of population.

Download PDF sample

Rated 4.71 of 5 – based on 49 votes