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The invisible hand? : how market economies have emerged and declined since AD 500

Author: B J P van Bavel
Publisher: New York ; Oxford : Oxford University Press, 2016.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
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  Read more...
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Genre/Form: History
Document Type: Book
All Authors / Contributors: B J P van Bavel
ISBN: 9780199608133 019960813X 9780191017674 0191017671
OCLC Number: 962749992
Description: ix, 330 pages ; 24 cm
Contents: Introduction: markets in economics and history --
Markets in an early medieval empire: Iraq, 500-1100 --
Markets in medieval city-states: the centre and north of Italy, 1000-1500 --
Markets in late medieval and early modern principalities: the Low Countries, 110-1800 --
Epilogue: markets in modern states: England, the United States, the Western Europe, 1500-2000 --
Conclusion: the fundamental incompatibility of market economies with long-run prosperity, equity, and broad participation in decision making.
Responsibility: Bas van Bavel.

Abstract:

Bas van Bavel offers a panoramic view of over 1000 years of history to understand why market economies are fundamentally incompatible with long-run prosperity, equity, and broad participation in  Read more...

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any social scientist interested in "big think" questions will benefit greatly from reading The Invisible Hand? While it presents only a piece of the "great divergence" puzzle, it is an understudied Read more...

 
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