Looking for an examination copy?
If you are interested in the title for your course we can consider offering an examination copy. To register your interest please contact email@example.com providing details of the course you are teaching.
In stark contrast to popular narratives, The Great Divergence Reconsidered shows that Europe’s rise to an undisputed world economic leader was not the effect of the Industrial Revolution, and cannot be explained by coal or colonial exploitation. Using a wealth of new historical evidence stretching from the seventeenth to the twentieth century, Roman Studer shows that this 'Great Divergence' must be shifted back to the seventeenth century, if not earlier. Europe was characterized by a more powerful transportation system, bigger trade flows, larger and better integrated markets, higher productivity levels, and superior living standards even before the Industrial Revolution brought about far-reaching structural changes and made Europe’s supremacy even more pronounced. While the comparison with Europe draws significantly on India, the central conclusions seem to hold for Asia - and indeed the rest of the world - more generally. An interplay of various factors best explains Europe’s early and gradual rise, including better institutions, favorable geographical features, increasing political stability, and increasingly rapid advances in science and technology.Read more
- Appeals to a broad audience in the academy - historians, economists, and political scientists
- Also appeals to non-academic readers, such as those interested in globalization, the effects of technology, geography, and wealth disparities among countries
- The subject matter is relevant and topical
Reviews & endorsements
"Adam Smith’s central thesis was that efficient markets generate economic growth. This lively book revives the Smithian tradition. Efficient markets create growth, and efficient markets were unique to pre-industrial Europe. This is an important contribution to the debate on why the West rather than the East experienced the Industrial Revolution."
Gregory Clark, University of California, DavisSee more reviews
"The timing of the Great Divergence between the economies of the West and East is one of the 'big' topics of modern economic history. Building on a theoretical framework that goes back to Adam Smith, Roman Studer combines new data and cutting-edge analysis to show - deftly and convincingly - that long before the Industrial Revolution the integration of commodity markets in the West fostered rates of economic growth and living standards higher than anywhere in the East."
Cormac Ó Gráda, University College Dublin
"By foregrounding market integration and the costs of trade, The Great Divergence Reconsidered makes a case for a radical shift in the discourse on the origins of international economic inequality. The sophistication of Roman Studer’s arguments and the quality of his statistical analysis make that case compelling. This is undoubtedly a major work."
Tirthankar Roy, London School of Economics and Political Science
Not yet reviewed
Be the first to review
Review was not posted due to profanity×
- Date Published: June 2017
- format: Paperback
- isbn: 9781107679979
- length: 243 pages
- dimensions: 229 x 152 x 13 mm
- weight: 0.333kg
- contains: 30 b/w illus. 10 maps 9 tables
- availability: Available
Table of Contents
2. Determinants of market integration
3. Gauging the level of market integration
4. Geography and the story of the many Europes
5. Markets versus climate in Europe and India
6. Economic integration in India and Europe
Sorry, this resource is locked
Please register or sign in to request access. If you are having problems accessing these resources please email firstname.lastname@example.orgRegister Sign in
You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner www.ebooks.com. Please see the permission section of the www.ebooks.com catalogue page for details of the print & copy limits on our eBooks.Continue ×