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How the West Got Rich: The Economic Transformation of the Industrial World

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How the West Got Rich: The Economic Transformation of the Industrial World
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The book "How the West Became Rich" by N. Rosenberg and L. Birzdell is considered one of the best explanations of the "European miracle" - the explosive rates of economic growth first in England in the first third of the 19th century, and then in other countries of Western Europe and in the United States. Before that, for several thousand years of written history in all human civilizations, the vast majority of people lived in a bleak Malthusian world of want, illiteracy, unsanitation, epidemics, and periodic famine in bad harvest years. The authors try to find out what was the peculiarity of Western Europe that finally made it possible to create the modern industrialized prosperous society. They begin their study with the Middle Ages. The formation of many institutions that promote economic development began in Europe back in those times in the depths of the feudal political and economic system. The most important factor in this evolution was the political fragmentation of Western Europe, the absence of a single despotic power, which distinguished Europe from China, India and Islamic countries.
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