The Origins of Capitalism in England According to Leon Winiarski
Journal Title: Acta Universitatis Nicolai Copernici, Ekonomia - Year 2012, Vol 43, Issue 1
Abstract
As Leon Winiarski demonstrated, the process of formation of a market economy in England lasted for more than 300 years. The result was world’s first economic power of an industrial character and a modern, democratic society. Unfortunately, the rise of capitalism was paid for with enormous costs which were borne by the most vulnerable social strata. The birth of a market economy, which proved to be the most efficient economic system in history, was accompanied by sweat, tears, extreme poverty, and executions of thousand of vagabonds deprived of their property.
Authors and Affiliations
Mirosław Bochenek
Keywords
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