The Rise of Capitalism
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.
KeywordsBank Credit Private Saving Fourteenth Century Socioeconomic System Small Trader
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