THE BIG PICTURE - HOW (AND WHEN AND WHY) THE WEST GREW RICH

Authors
Citation
Sl. Engerman, THE BIG PICTURE - HOW (AND WHEN AND WHY) THE WEST GREW RICH, Research policy, 23(5), 1994, pp. 547-559
Citations number
62
Categorie Soggetti
Planning & Development
Journal title
ISSN journal
00487333
Volume
23
Issue
5
Year of publication
1994
Pages
547 - 559
Database
ISI
SICI code
0048-7333(1994)23:5<547:TBP-H(>2.0.ZU;2-1
Abstract
This paper surveys the analysis of Nathan Rosenberg and L.E. Birdzell, Jr. in How the West Grew Rich. They deal with two major questions: (1 ) the explanation of the original onset of economic growth in the West ern world; (2) the circumstances that permitted this economic growth t o continue, without decline or stagnation, for several centuries. Thei r focus on the critical role of the relationship between economic and political spheres, particularly the importance of political decentrali zation and individual freedoms, is examined. Also discussed is the att ention given to the impact of the expansion of trade and to the causes and consequences of the scientific and technological changes of the m odern era. The arguments of Rosenberg and Birdzell are briefly compare d and contrasted with those of other economic historians who have deal t with similar questions.