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Abstract

In order to compare economic systems we must have some basic understanding of their origins. Do we owe the discovery of alternative institutions to an ingenious human mind? Are capitalism and socialism “predictable” outcomes of the laws of history or “unintended” consequences of the gradual evolution of human knowledge and technology? This chapter will discuss the factors that contributed to the rise of capitalism.

Keywords

Bank Credit Private Saving Fourteenth Century Socioeconomic System Small Trader 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Suggested Readings

  1. Gilson, E. The Spirit of Medieval Philosophy, New York: Scribner, 1940.Google Scholar
  2. Brinton, C. The Shaping of the Modern Mind, New York: New American Library of World Literature, 1959.Google Scholar
  3. Meckling, W. “Science and Religion: Evidence or Faith,” paper presented at the 4th F. Hayek Symposium on Knowledge, Evolution and Competition, Freiburg, 1990.Google Scholar
  4. Webb, W. P. “Ended: 400 Year Boom: Reflection of the Age of the Frontier,” Harper Magazine, October, 1951.Google Scholar
  5. Weber, M. The Protestant Ethics and the Spirit of Capitalism, New York: Scribner, 1960.Google Scholar

Copyright information

© Kluwer Academic Publishers 1990

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