Why Economics Can't Explain the Modern World
Why Economics Can't Explain the Modern World
In a book that looks at the birth of the industrial revolution and the rise of capitalism in the 17th and 18th centuries, the author argues that economic change--including change today--depends less on foreign trade, investment or material causes and more on ideas and what people believe.
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The big economic story of our times is not the Great Recession. It is how China and India began to embrace neoliberal ideas of economics and attributed a sense of dignity and liberty to the bourgeoisie they had denied for so long. This book discusses seventeenth- and eighteenth-century Europe to reconsider the birth of the Industrial Revolution.
