2015 Veblen Clark Lecture "A Culture of Growth: Origins of the Modern Economy"

Why and how did the modern economy emerge? An understanding of the origins of Modern Economic Growth that started with the Industrial Revolution requires a more complete analysis of the growth of the “useful arts” (applied science and technology) in Europe before the Industrial Revolution between 1500 and 1700. The cultural beliefs of the educated elite changed dramatically in this era. An economic approach to cultural change sheds considerable light on what changed in this era that made the modern economy possible.

  05/27/2015  

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