The Wealth of a Nation: Institutional Foundations of English Capitalism - Couverture rigide

Hodgson, Geoffrey M.

Couverture rigide

ISBN 10 : 0691247013 ISBN 13 : 9780691247014

Editeur : Princeton University Press, 2023

Synopsis

How the development of legal and financial institutions transformed Britain into the world's first capitalist country

Modern capitalism emerged in England in the eighteenth century and ushered in the Industrial Revolution, though scholars have long debated why. Some attribute the causes to technological change while others point to the Protestant ethic, liberal ideas, and cultural change. The Wealth of a Nation reveals the crucial developments in legal and financial institutions in the seventeenth and eighteenth centuries that help to explain this dramatic transformation.

Offering new perspectives on the early history of capitalism, Geoffrey Hodgson describes how, for the emerging British economy, pressures from without were as important as evolution from within. He shows how intensive military conflicts overseas forced the state to undertake major financial, administrative, legal, and political reforms. The resulting institutional changes not only bolstered the British war machine--they fostered the Industrial Revolution. Hodgson traces how Britain's war capitalism led to an expansion of its empire and a staggering increase in the slave trade, and how the institutional innovations that radically transformed the British economy were copied and adapted by countries around the world.

A landmark work of scholarship, The Wealth of a Nation sheds light on how external factors such as war gave rise to institutional arrangements that facilitated finance, banking, and investment, and offers a conceptual framework for further research into the origins and consolidation of capitalism in England.

A propos du livre

À propos de l'auteur

Geoffrey M. Hodgson is professor emeritus in management at Loughborough University London and an editor of the Journal of Institutional Economics. His many books include Liberal Solidarity, Conceptualizing Capitalism, and (with Thorbjørn Knudsen) Darwin's Conjecture.

Détails de l'édition

• Éditeur: Princeton University Press
• Date d'édition: 2023
• Langue: anglais
• ISBN 10: 0691247013
• ISBN 13: 9780691247014
• Reliure: Relié
• Nombre de pages: 304
• Coordonnées du fabricant: Princeton University Press; https://press.princeton.edu/books; ; 7th Floor, New South Building; PRINCETON; NJ; 8544; Etats-Unis
• Personne responsable: non disponible