Abstract
Private enterprises and Governments have both played key roles throughout history in the creation of national wealth. In the last two or three centuries business interests in the West have become progressively more autonomous from the state’s centralized power, initially taking advantage of new religious bases (Calvinistic) to legitimize their ascendancy (Weber, 1930). The emerging liberal ideology further propelled the business sector into greater autonomy, loosening various feudal fetters. Over time, this autonomy of the business sector created an ambience where resources could be applied to innovate, to produce and to trade — with successful experiments rewarded handsomely. This led to a system of continuous enterprising and continuous innovation (in products, in processes, in inputs, and in organization). The outcome of this system for continuous change was a number of Western economies which have sustained two centuries of continuous wealth creation.
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Lakshmanan, T.R. (1994). State Market Networks in Japan: The Case of Industrial Policy. In: Johansson, B., Karlsson, C., Westin, L. (eds) Patterns of a Network Economy. Advances in Spatial and Network Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-78898-7_7
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