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

By: Material type: TextTextPublication details: Oxford, UK : Oxford University Press, c2016.Description: ix, 330 p. : ill. ; 25 cmISBN:
  • 9780199608133 (hbk.)
  • 019960813X (hbk.)
Subject(s): DDC classification:
  • 330 BA IN
Online resources: 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 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.
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Item type Current library Call number Status Notes Date due Barcode
REGULAR University of Wollongong in Dubai Main Collection 330 BA IN (Browse shelf(Opens below)) Available April 2018 T0058297

Includes bibliographical references (pages 289-317) and indexes.

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.

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