The Invisible Hand?: How Market Economies have Emerged and Declined Since AD 500

Awards:   Winner of Winner of the NWO Spinoza Prize.
Author:   Bas van Bavel (Distinguished Professor of Transitions of Economy and Society, Distinguished Professor of Transitions of Economy and Society, Utrecht University)
Publisher:   Oxford University Press
ISBN:  

9780198820451


Pages:   352
Publication Date:   29 April 2019
Format:   Paperback
Availability:   To order   Availability explained
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The Invisible Hand?: How Market Economies have Emerged and Declined Since AD 500


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Awards

  • Winner of Winner of the NWO Spinoza Prize.

Overview

Full Product Details

Author:   Bas van Bavel (Distinguished Professor of Transitions of Economy and Society, Distinguished Professor of Transitions of Economy and Society, Utrecht University)
Publisher:   Oxford University Press
Imprint:   Oxford University Press
Dimensions:   Width: 16.10cm , Height: 1.80cm , Length: 23.30cm
Weight:   0.518kg
ISBN:  

9780198820451


ISBN 10:   0198820453
Pages:   352
Publication Date:   29 April 2019
Audience:   College/higher education ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active
Availability:   To order   Availability explained
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

1: Introduction: Markets in economics and history 2: Markets in an early medieval empire: Iraq, 500-1100 3: Markets in medieval city-states: the centre-north of Italy, 1000-1500 4: Markets in late medieval / early modern principalities: the Low Countries, 1100-1800 5: Epilogue: Markets in modern states: England, the United States and Western Europe, 1500-2000 6: Conclusion: The fundamental incompatibility of market economies with long-run prosperity Bibliography

Reviews

any social scientist interested in big think questions will benefit greatly from reading The Invisible Hand? While it presents only a piece of the great divergence puzzle, it is an understudied piece that is an important complement to existing theories based on institutions, culture, and governance. * Jared Rubin, EH.net * Van Bavel's deep expertise in the subject matter weaves an intricate web of connections of cultural, economic, and social aspects across time and space, and seamlessly draws the reader into a wonderful account * Mauricio Drelichman, Journal of Economic Literature * This a beautifully written book, easy to read, which makes it adequate for a wide audience. Above all, it is an original and intellectually challenging piece of scholarly work that breaks new historical grounds. Van Bavel is one of the few scholars alive who is equally an expert on history, economics, politics. This characteristic enables him a truly subtle analysis of texts and ideas. I want to make clear at the outset that economists and economic historians neglect this book at their peril, since it represents a methodological challenge to research as usual ... this book is going to be a vital contribution to the advancement of economic discourse as well as a crucial intervention in current political debate. * Stefano Zamagni, Journal of Economics * A brief review...cannot do justice to wealth of material in this important new book, other than by noting that anyone interested in these issues should not miss it. * Gene Callahan, Cardiff University, History: Reviews of New Books * Bavel is excellent in providing numerical estimates... It is not only the plausibility of the mechanism of decline that gives strength to Bavel's thesis; it is also that he lists the manifestation of the decline * Branko Milanovic, globalinequality *


any social scientist interested in big think questions will benefit greatly from reading The Invisible Hand? While it presents only a piece of the great divergence puzzle, it is an understudied piece that is an important complement to existing theories based on institutions, culture, and governance. * Jared Rubin, EH.net * Van Bavel's deep expertise in the subject matter weaves an intricate web of connections of cultural, economic, and social aspects across time and space, and seamlessly draws the reader into a wonderful account * Mauricio Drelichman, Journal of Economic Literature * This a beautifully written book, easy to read, which makes it adequate for a wide audience. Above all, it is an original and intellectually challenging piece of scholarly work that breaks new historical grounds. Van Bavel is one of the few scholars alive who is equally an expert on history, economics, politics. This characteristic enables him a truly subtle analysis of texts and ideas. I want to make clear at the outset that economists and economic historians neglect this book at their peril, since it represents a methodological challenge to research as usual ... this book is going to be a vital contribution to the advancement of economic discourse as well as a crucial intervention in current political debate. * Stefano Zamagni, Journal of Economics *


Author Information

"Bas van Bavel is distinguished professor of Transitions of Economy and Society at Utrecht University. He acts as the academic director of the Utrecht University interdisciplinary priority area - ""Institutions for Open Societies"" - and he is a member of the Royal Dutch Academy of Sciences. His research activities focus on reconstructing, analyzing, and explaining economic development and social change, emphasizing long-term transitions and regional diversity, and using comparative analysis - both over time and across regions - as the main tool. More specifically, he aims to find out why some societal arrangements are successful in generating wealth, equity and resilience, and others not, and what drives the formation of these arrangements."

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