Book notes: The wealth of a nation, by Geoffrey Hodgson
A deep dive into the economic and institutional transformations that supported the rise of English capitalism
Geoffrey Hodgson, The wealth of a nation: institutional foundations of English capitalism, Princeton University Press, 2023, 304 pages
Geoffrey Hodgson critically examines the role of legal and financial institutions in the 17th and 18th centuries, particularly how they underpinned the dramatic economic changes leading to and during the Industrial Revolution.
Hodgson challenges traditional narratives that emphasise technology or cultural factors alone, pointing out the crucial role of war and
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