9783847101680-3847101684-Escaping Poverty: The Origins of Modern Economic Growth

Escaping Poverty: The Origins of Modern Economic Growth

ISBN-13: 9783847101680
ISBN-10: 3847101684
Edition: Illustrated
Author: Peer Vries
Publication date: 2013
Publisher: V&R unipress
Format: Paperback 516 pages
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Book details

ISBN-13: 9783847101680
ISBN-10: 3847101684
Edition: Illustrated
Author: Peer Vries
Publication date: 2013
Publisher: V&R unipress
Format: Paperback 516 pages

Summary

Acknowledged author Peer Vries wrote Escaping Poverty: The Origins of Modern Economic Growth comprising 516 pages back in 2013. Textbook and eTextbook are published under ISBN 3847101684 and 9783847101680. Since then Escaping Poverty: The Origins of Modern Economic Growth textbook was available to sell back to BooksRun online for the top buyback price or rent at the marketplace.

Description

One of the biggest debates in economic history deals with the Great Divergence. How can we explain that at a certain moment in time (the eighteenth and nineteenth centuries) a certain part of the world (the West) escaped from general poverty and became much richer than it had ever been before and than the rest of the world? Many prominent scholars discussed this question and came up with many different answers. This book provides a systematic analysis of the most important of those answers by means of an analysis of possible explanations in terms of natural resources, labour, capital, the division of labour and market exchange, accumulation and innovation, and as potential underlying determining factors institutions and culture. The author juxtaposes the views of economists / social scientists and of global historians and systematically compares Great Britain and China to illustrate his position. He qualifies the importance of natural resources, accumulation and the extension of markets, points at the importance of factor prices and changes in consumption and emphasizes the role of innovation, institutions - in particular an active developmental state - and culture.

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