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.
Part 2, England, of my critique of Nick Szabo’s view of industrialisation. This is continued from Part 1, “Chinese workers were cheaper than English horses“.
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