Book contents
- Frontmatter
- Contents
- Figures
- Maps
- Tables
- Acknowledgments
- Abbreviations
- Maps
- Chapter 1 Introduction
- Part I Setting the stage: Europe and Asia before divergence
- Chapter 2 India and the global economy, 1600???1800
- Chapter 3 Political institutions and economic life
- Part II The divergence of Britain
- Part III The Indian path
- Notes to the text
- Bibliography
- Index
Chapter 2 - India and the global economy, 1600???1800
Published online by Cambridge University Press: 07 September 2011
- Frontmatter
- Contents
- Figures
- Maps
- Tables
- Acknowledgments
- Abbreviations
- Maps
- Chapter 1 Introduction
- Part I Setting the stage: Europe and Asia before divergence
- Chapter 2 India and the global economy, 1600???1800
- Chapter 3 Political institutions and economic life
- Part II The divergence of Britain
- Part III The Indian path
- Notes to the text
- Bibliography
- Index
Summary
Introduction
Historians long thought it was self-evident that Europe lay at the center of the world economy of the seventeenth and eighteenth centuries. Immanuel Wallerstein summed up several generations of thinking when he wrote, “The modern world-system took the form of a capitalist world-economy that had its genesis in Europe in the long sixteenth century . . . Since that time the capitalist world-economy has geographically expanded to cover the entire globe.” This passage captures three assumptions that have informed decades of historical scholarship. Europe was dynamic while the rest of the world was static. Europe gave rise to capitalism and brought the rest of the world under its economic ambit. Europe was at the core of the early-modern trading system.
- Type
- Chapter
- Information
- Why Europe Grew Rich and Asia Did NotGlobal Economic Divergence, 1600–1850, pp. 21 - 50Publisher: Cambridge University PressPrint publication year: 2011
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