Binding: Paperback
Description: How medieval Dutch society laid the foundations for modern capitalism The Netherlands was one of the pioneers of capitalism in the Middle Ages giving rise to the spectacular Dutch Golden Age while ushering in an era of unprecedented long - term economic growth. Pioneers of Capitalism examines the formal and informal institutions in the Netherlands that made this economic miracle possible providing a groundbreaking new history of the emergence and early development of capitalism. Drawing on the latest quantitative theories in economic research Maarten Prak and Jan Luiten van Zanden show how Dutch cities corporations guilds commons and other private and semipublic organizations provided safeguards for market transactions in the state's absence. Informal institutions developed in the Netherlands long before the state created public safeguards for economic activity. Prak and van Zanden argue that in the Netherlands itself capitalism emerged within a robust civil society that constrained and counterbalanced its centrifugal forces but that an unrestrained capitalism ruled in the overseas territories. Rather than collapsing under unrestricted greed the Dutch economy flourished but prosperity at home came at the price of slavery and other dire consequences for people outside Europe. Pioneers of Capitalism offers a panoramic account of the early history of capitalism revealing how a small region of medieval Europe transformed itself into a powerhouse of sustained economic growth and changed the world in the process.
Title: Pioneers Of Capitalism The Netherlands 1000 1800
Author(s): Van Zanden Jan Luiten
Publisher: Princeton University Press
Barcode: 9780691242330
Pages: 280 Pages, 8 B/W Illus. 7 Tables. 1 Map.
Publication Date: 6/11/2024
Series: The Princeton Economic History of the Western World
Category: Economic History