Kara Dimitruk and Ben Southwood claim that the #history of capitalism in the #UK and specifically #England is due to the Glorious Revolution in 01688, which allowed Parliament to “untangle excessively strong and complex property rights”, ending the “vetocracy” that paralyzed #development. “The Glorious Revolution resolved the conflict between landowners and the Crown by handing the country to the landowners.” William of Orange invaded, James II fled to France, and William and Mary were crowned.
on 02026-08-06#history of #development in Gilded Age #USA and current #China. #economics
on 02024-11-02Speculation on the potential technological stability of medieval Europe in #history; how else could technological #development have proceeded?
on 02015-08-10