Author

Publication

2016 - Oxford University Press

Language

English

Word Count

80,000 words, Guess

Page Count

320 pages

Identifiers

  • ISBN-139780199608133
  • ISBN-10019960813X
  • OCLC Control Number927445715
  • Better World Books9780199608133
  • Open LibraryOL28592198M

Classifications

  • LCCHB501
  • LCCHB501 .B38 2016

Description

The Invisible Hand' offers a radical departure from the conventional wisdom of economists and economic historians, by showing that 'factor markets' and the economies dominated by them - the market economies - are not modern, but have existed at various times in the past. This work analyses three major, pre-industrial examples of successful market economies in western Eurasia: Iraq in the early Middle Ages, Italy in the high Middle Ages, and the Low Countries in the late Middle Ages and the early modern period. It then draws parallels to England and the United States in the modern period. These areas successively saw a rapid rise of factor markets and the associated dynamism, followed by stagnation, which enables an in-depth investigation of the causes and results of this process.

Subjects

Other Editions

  • Invisible Hand?: How Market Economies Have Emerged and Declined since AD 500Oxford University Press2016-01-01

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