"Karl Marx and Adam Smith both subscribed to this view. They both saw successful growth as dependent on the developmen…"

"Information costs are reduced by the existence of large numbers of buyers and sellers. Under these conditions, prices…"

"Institutions are the humanly devised constraints that structure political, economic, and social interaction. They con…"

"Regarding social order, Fukuyama writes, "The systematic study of how order, and thus social capital, can emerge in s…"

"In some respects this is intended to be a revolutionary book, but in other respects it is very traditional indeed. It…"

"Its objectives to suggest new paths for the study of European economic history rather than fit either of these standa…"

"The factors we have listed (innovation, economies of scale, education, capital accumulation, etc.) are not causes of …"

"Economic growth occurs if output grows faster than population. Given the described assumptions about the way people b…"

"By that time a structure of property rights had developed in the Netherlands and England which provided the incentive…"

"The first economic revolution was not a revolution because it shifted man's major economic activity from hunting and …"