McCloskey, Deirdre Nansen - Volkswirtschaftliche Fakultät, … - 2009
“institutional change” does not explain the Industrial Revolution. The timing is wrong. Incentive (Prudence Only) is not the main … story, and cannot be the main story without contradiction: if it was Prudence Only the Industrial Revolution would have … surprise in economic history. The Glorious Revolution of 1689, which North and Weingast have cast in a central role, merely …