The Economy of Europe in an Age of Crisis, 1600-1750

Front Cover
Cambridge University Press, 1976 M10 29 - 284 pages
By relating economic changes to the political backdrop, The Economy of Europe in an Age of Crisis, 1600-1750 describes and analyzes the economic civilisation of Europe in the last epoch before the Industrial Revolution. The author makes a special effort to apply economic reasoning to the economic forces of the period and challenges some longstanding opinions about what was and was not important in explaining economic performance. The significance of this study rests in its identification of the ways a 'traditional' society developed its economy despite the absence of the obvious growth factors of the nineteenth century. The approach is consciously comparative: problems of interpretation are identified; research not yet available elsewhere is incorporated into the text; and examples are drawn from minor as well as major countries in western and central Europe. Topics dealt with include the development of agriculture and industry, foreign and regional trade, urbanization, a study of demand in explaining economic growth, the bourgeoisie, and the state.
 

Contents

The age of crisis
1
Population
4
Economic trends
16
Explanations
21
Economies in decline
25
The agrarian economies on divergent paths
30
Increasing output
36
Diverging structures
47
Urbanization
148
The grain trade
159
Energy supplies
164
Transportation facilities
168
Capitalism creating its own demand
176
Consumer demand
182
Investment
192
Government demand
200

disappearing or consolidating?
82
Restructuring Industry
84
Industrial location and the diffusion of skills
86
Technological change
90
Organizational change
94
The textile industry
98
The dynamic of protoindustry
105
a new class?
110
The dynamism of trade
113
NonEuropean trade
128
Urbanization and regional trade
147
Foreign demand
207
Capital accumulation and the bourgeoisie
210
Bourgeois aspirations
214
Investment opportunities
219
Shortterm credit and banks
226
rising or ossifying?
232
Mercantilism absolutism and economic growth
236
Conclusion
243
Notes
255
Index
276
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Page 259 - Thus, it is only when a cultivator is integrated into a society with a state — that is, when the cultivator becomes subject to the demands and sanctions of power-holders outside his social stratum — that we can appropriately speak of peasantry

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