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A THEORY OF ECONOMIC HISTORY

John Hicks

 

Oxford University Press, Clarendon, 1969, 181 pgs., index, footnotes, paperback

 
 

Reviewer comments:
This is a typical economist's view of how to learn from history - create theories, build models, limit analysis to macro level generalities, claim details of huge numbers of facts are too much.

 
 

Chapter I - Theory and History

 
 

Chapter II - Custom and Command

 
 

Chapter III - The Rise of the Market

 
 

Chapter IV - City States and Colonies
The author uses the typical modern language - and belief - that anient cities were 'states' rather than societies orcommunities. The concept termed the 'state' only was developed in Renaisance Europe to take the place of 'the Great Chain of Being' as the source of legitimacy for rulers.

 
 

Chapter V - Money, Law, and Credit The chapter is a complete mixup of the origin and history of money of which credit has always been a major component, not something separate.

 
 

Chapter VI - The Finances of the Sovereign

 
 

Chapter VII - The Mercantilization of Agriculture

 
 

Chapter VIII - The Labour Market

 
 

Chapter IX - The Industrial Revolution

 
 

Chapter X - Conclusion
I do not see any connection between the author's comments - expression of ideas - in this final chapter and any of the ideas he advances in the previous chapters.

 

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