Scholarly discussions on economic development in history, specifically those linked to industrialization or modern economic growth, have paid great attention to the formation and development of the market economy as a set of institutions able to augment people's welfare. The role of specific...

Scholarly discussions on economic development in history, specifically those linked to industrialization or modern economic growth, have paid great attention to the formation and development of the market economy as a set of institutions able to augment people's welfare. The role of specific...

"This volume compares early modern efforts to provide "public goods" defined as non-market mediated goods not limited to personal relations such as kinship. We examine poverty and famine relief, infrastructure, and forestry in East Asia and Europe, using Japan's Tokugawa era (1603-1868) as a...

The new institutional economics offers a bold and simple argument for how states promoted commercial expansion in early modern Europe. Focused on the importance of secure property rights for reducing transaction costs, commerce expands much as an engine burns fuel more efficiently and creates...