Tag Archives: great divergence
Historian Sven Beckert’s widely acclaimed book, Empire of Cotton: A New History of Global Capitalism, is a good agrarian, business, and labour history of a single commodity. But as economic history it’s not so good.
Summary : A “great divergence” between the economies of Western Europe and East Asia had unambiguously occurred by 1800. However, there’s a growing body of opinion that this was preceded by a “little divergence” (or “lesser divergence”?) which might have started … Continue reading