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Books > History > History of specific subjects > Economic history
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The Long Process of Development - Building Markets and States in Pre-industrial England, Spain and their Colonies (Paperback)
Loot Price: R1,233
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The Long Process of Development - Building Markets and States in Pre-industrial England, Spain and their Colonies (Paperback)
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Douglass North once emphasized that development takes centuries,
but he did not have a theory of how and why change occurs. This
groundbreaking book advances such a theory by examining in detail
why England and Spain developed so slowly from 1000 to 1800. A
colonial legacy must go back centuries before settlement, and this
book points to key events in England and Spain in the 1260s to
explain why Mexico lagged behind the United States economically in
the twentieth century. Based on the integration of North's
institutional approach with Mancur Olson's collective action
theory, Max Weber's theory of value change, and North's focus on
dominant coalitions based on rent and military in In the Shadow of
Violence, this theory of change leads to exciting new historical
interpretations, including the crucial role of the merchant-navy
alliance in England and the key role of George Washington's control
of the military in 1787.
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