Volume: The Rise of Capitalism

The Rise of Capitalism: Witness the Transformative Power of Economic Growth

The Cambridge History of Capitalism: Volume 1, The Rise of Capitalism: From Ancient Origins to 1848 (The Cambridge History of Capitalism 2 Volume Hardback Set)

by George Reisman

5 out of 5

Language	:	English
File size	:	4962 KB
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Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
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Print length	:	628 pages

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In this groundbreaking work, renowned economic historian Angus Maddison presents a comprehensive and captivating account of the rise of capitalism from its humble beginnings in the Italian city-states of the Middle Ages to its global dominance in the modern era.

Volume: The Rise of Capitalism is a sweeping historical narrative that traces the evolution of economic growth, innovation, and the shaping of modern societies. Maddison draws upon a wealth of data and insights to illuminate the complex interplay between economic, social, and political forces that have driven the development of capitalism.

The Birth of Capitalism in Medieval Italy

The book begins by exploring the origins of capitalism in the vibrant trading cities of medieval Italy. Maddison shows how the emergence of new forms of commerce and finance, such as bills of exchange and joint-stock companies, laid the foundation for the development of modern capitalism. He also examines the role of institutions such as the guilds and the Church in shaping the economic landscape of the time.

The Commercial Revolution and the Rise of the Global Economy

The book then follows the spread of capitalism to other parts of Europe and beyond. Maddison discusses the impact of the Commercial Revolution, which saw a dramatic increase in trade and the growth of new industries. He also examines the rise of the global economy, as European powers established colonies and trading networks around the world.

The Industrial Revolution and the Rise of the Modern World

The Industrial Revolution was a pivotal moment in the history of capitalism. Maddison shows how new technologies and innovations transformed the way goods were produced and consumed. He also examines the social and political upheavals that accompanied the Industrial Revolution, including the rise of the working class and the spread of socialism.

The Triumph of Capitalism in the 20th Century

The 20th century saw the continued triumph of capitalism. Maddison discusses the rise of the United States as an economic superpower and the spread of capitalism to developing countries. He also examines the challenges and controversies that capitalism has faced in the modern era, including the Great Depression, the rise of communism, and the global financial crisis.

A Masterful Work of Economic History

Volume: The Rise of Capitalism is a magisterial work of scholarship that offers a deep and nuanced understanding of one of the most important forces in human history. Maddison's masterful analysis and lucid prose make this book essential reading for anyone interested in economics, history, or the future of our world.