{"product_id":"the-wealth-of-a-nation-institutional-foundations-of-english-capitalism-paperback","title":"The Wealth of a Nation: Institutional Foundations of English Capitalism - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eGeoffrey M. Hodgson\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eHow the development of legal and financial institutions transformed Britain into the world's first capitalist country\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eModern 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. \u003ci\u003eThe Wealth of a Nation\u003c\/i\u003e reveals the crucial developments in legal and financial institutions in the seventeenth and eighteenth centuries that help to explain this dramatic transformation. \u003cp\u003e\u003c\/p\u003eOffering new perspectives on the early history of capitalism, Geoffrey Hodgson describes how, for the emerging British economy, pressures from without were as important as evolution from within. He shows how intensive military conflicts overseas forced the state to undertake major financial, administrative, legal, and political reforms. The resulting institutional changes not only bolstered the British war machine--they fostered the Industrial Revolution. Hodgson traces how Britain's war capitalism led to an expansion of its empire and a staggering increase in the slave trade, and how the institutional innovations that radically transformed the British economy were copied and adapted by countries around the world. \u003cp\u003e\u003c\/p\u003eA landmark work of scholarship, \u003ci\u003eThe Wealth of a Nation\u003c\/i\u003e sheds light on how external factors such as war gave rise to institutional arrangements that facilitated finance, banking, and investment, and offers a conceptual framework for further research into the origins and consolidation of capitalism in England.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cb\u003eGeoffrey M. Hodgson\u003c\/b\u003e is professor emeritus in management at Loughborough University London and an editor of the \u003ci\u003eJournal of Institutional Economics\u003c\/i\u003e. His many books include \u003ci\u003eLiberal Solidarity\u003c\/i\u003e, \u003ci\u003eConceptualizing Capitalism\u003c\/i\u003e, and (with Thorbjørn Knudsen) \u003ci\u003eDarwin's Conjecture\u003c\/i\u003e.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 304\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.68 x 9.21 x 6.14 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e November 18, 2025\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":45470873616463,"sku":"9780691247489","price":40.05,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0677\/3083\/3487\/files\/RjtK78GUn69780691247489.webp?v=1780635466","url":"https:\/\/lumaryon.com\/products\/the-wealth-of-a-nation-institutional-foundations-of-english-capitalism-paperback","provider":"Lumaryon Universal","version":"1.0","type":"link"}