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The Wealth of a Nation: Institutional Foundations of English Capitalism

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How the development of legal and financial institutions transformed Britain into the world’s first capitalist country

Modern capitalism emerged in England in the eighteenth century and ushered in the Industrial Revolution, though scholars have long debated why. Some attribute the causes to technological change while others point to the Protestant ethic, liberal ideas, and cultural change. The Wealth of a Nation reveals the crucial developments in legal and financial institutions in the seven...