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The Great Divergence

China, Europe, and the Making of the Modern World Economy

Kenneth Pomeranz

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Princeton University Press img Link Publisher

Sachbuch / Neuzeit bis 1918

Beschreibung

A landmark comparative history of Europe and China that examines why the Industrial Revolution emerged in the West

The Great Divergence sheds light on one of the great questions of history: Why did sustained industrial growth begin in Northwest Europe? Historian Kenneth Pomeranz shows that as recently as 1750, life expectancy, consumption, and product and factor markets were comparable in Europe and East Asia. Moreover, key regions in China and Japan were no worse off ecologically than those in Western Europe, with each region facing corresponding shortages of land-intensive products. Pomeranz’s comparative lens reveals the two critical factors resulting in Europe's nineteenth-century divergence—the fortunate location of coal and access to trade with the New World. As East Asia’s economy stagnated, Europe narrowly escaped the same fate largely due to favorable resource stocks from underground and overseas. This Princeton Classics edition includes a preface from the author and makes a powerful historical work available to new readers.

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Schlagwörter

Population growth, Monarchies in Europe, Social ownership, Europe, Goldsmith, Great Divergence, Extended family, Income, Laborer, Purchasing power, Southeast Asia, Sumptuary law, Diminishing returns, Wealth, Proto-industrialization, Andre Gunder Frank, Unfree labour, Captive market, Inferior good, Total loss, Comparative advantage, Household, Industrious Revolution, Textile, Industrialisation, Warfare, Luxury goods, Economy of China, Manure, Capitalism, Capital accumulation, Hard currency, World economy, Shortage, Economics, Finance, Peat, Steam engine, Three-field system, Total factor productivity, Economic liberalism, Land use in China, Inflation, Deforestation, Opportunity cost, Fuel, Technology, Tax, Employer of last resort, Guangdong, Commodity, Western Europe, Supply (economics), Unemployment, China, Peasant, Subsistence crisis, Agriculture (Chinese mythology), Wang Gungwu, Precious metal, Standard of living, Economic power, Superiority (short story), Liberalization, Usury, Keeping up with the Joneses, Backwardness, Agriculture, High-yield debt, Economy