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Our explanation of riches of the West is based upon history of its developmentEconomic institutes. This history is the main subject of the subsequent heads.
The West way to riches has begun in the late Middle Ages, though Some signs of changes can be found out and during earlier time. In the head
2 we describe the beginning of changes. Progressive development of the West though, to be
Can, slow and twisting, but rather considerable, lasts already five Centuries. However, by modern criteria it was carried out under pressure
Poverty. Since XIV century, a series of accidents has made clear that the countries of Europe
Not in a status to support stability of growth. There is a sense in their review
Institutes, as for comparison to what have cherished West growth, and Also, perhaps, and for a reminder on, how easily reforms of the capitalist Institutes can return us to an atavism.
The riches of the West have begun with the craft and trade growth for the first time noted in
XII century in Italy and XV century accelerated from the middle. In chapter 3 we lead up
Consideration till 1750. For this period in Europe has developed rather Independent class of professional dealers, which, anyhow, Have learnt to avoid the political and religious control, characteristic for Early feudalism. Europe was still mainly agricultural, but In this time and the agriculture has changed in a direction to the modern
Jurisdictions of guilds has essentially weakened their control. To put it briefly, it was
The period of development of a pluralistic society, in which economy (the same as
The science, religion, the literature, art and other spheres of a life) has found
Comparative independence of the political control. There was variety
The institutes necessary for effective functioning of an economy. In chapter 4
We give the review of development of some such institutes. In chapter 5 the period from industrial revolution till 1880, is considered There is a period of industrialisation of the West. It was time amazing
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