The Enlightened Economy: An Economic History of Britain, 1700-1850

The Industrial Revolution is the inflection point of economic history. During all the millennia before that revolution, incomes were static and humans were poor—often hungry, inadequately clothed, ill-housed. But somehow, in the two-and-a-half centuries since humanity learned to mass produce, a large number of ordinary people have acquired more material comfort than even the wealthiest … Read more

The world has been dominated by Europe and taught by Europe and exploited by Europe — and maybe Europe has had enough

In terms of the great implosion of the global economy which began on Wall Street in late 2008, the Greek financial collapse is a storm in a retsina glass. The sums concerned are trivial by the standards of modern multitrillion-dollar high finance, or indeed by the standards of the Bundesbank. During a short contract reviewing … Read more

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