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A Culture of Growth - The Origins of the Modern Economy (Hardcover)
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A Culture of Growth - The Origins of the Modern Economy (Hardcover)
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During the late eighteenth century, innovations in Europe triggered
the Industrial Revolution and the sustained economic progress that
spread across the globe. While much has been made of the details of
the Industrial Revolution, what remains a mystery is why it took
place at all. Why did this revolution begin in the West and not
elsewhere, and why did it continue, leading to today's
unprecedented prosperity? In this groundbreaking book, celebrated
economic historian Joel Mokyr argues that a culture of growth
specific to early modern Europe and the European Enlightenment laid
the foundations for the scientific advances and pioneering
inventions that would instigate explosive technological and
economic development. Bringing together economics, the history of
science and technology, and models of cultural evolution, Mokyr
demonstrates that culture--the beliefs, values, and preferences in
society that are capable of changing behavior--was a deciding
factor in societal transformations. Mokyr looks at the period
1500-1700 to show that a politically fragmented Europe fostered a
competitive "market for ideas" and a willingness to investigate the
secrets of nature. At the same time, a transnational community of
brilliant thinkers known as the "Republic of Letters" freely
circulated and distributed ideas and writings. This political
fragmentation and the supportive intellectual environment explain
how the Industrial Revolution happened in Europe but not China,
despite similar levels of technology and intellectual activity. In
Europe, heterodox and creative thinkers could find sanctuary in
other countries and spread their thinking across borders. In
contrast, China's version of the Enlightenment remained controlled
by the ruling elite. Combining ideas from economics and cultural
evolution, A Culture of Growth provides startling reasons for why
the foundations of our modern economy were laid in the mere two
centuries between Columbus and Newton.
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