Overview

"This book has a dual purpose. It is an attempt to explain history through economic theory and economic theory through history. This interrelationship is important, it is necessary. The teaching of history suffers when little attention is paid to its economic aspect; and economic theory becomes boring when separated from its historical background. ""sad science"" will remain sad as long as it is taught and studied in a historical vacuum. Ricardo's law of rent is itself difficult and bland. But set in its historical context, seen as a battle in the struggle between landlords and industrialists in early 19th century England, it will come alive and meaningful. This book does not claim to be exhaustive. It is neither an economic history nor a history of economic thought, but a bit of both. Attempt explain, in terms of the development of economic institutions, why certain doctrines arose at a given time, how they originated in the very fabric of social life, how they developed, changed, and were superseded by altering these structural patterns...."

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