Southern Economic Journal, July 1st, 1993
The scope of this book is very broad. It covers the period from the end of European feudalism to the 1990s. The author, Professor of Economics at the University of Utrecht, provides us with a broad theory of how capitalism grows. Around his theory of growth, he skillfully weaves a whole series of explanations of social, political, religious, and intellectual changes. He concludes his history of capitalist development by arguing that capitalism has reached a crossroads. To resume growth in the 1990s and beyond, either capitalism must develop an egalitarian democracy in which social responsibi...
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