I read a nice little article on the New York Times today on the history of British foreign trade policy during Elizabeth I. Here is an excerpt: Elizabeth’s Islamic policy held off a Catholic invasion, transformed English taste and established a new model for joint stock-investment that would eventually finance the Virginia Company, which founded the first […]

[2818] God in the marketplace

There are times when books of different focus and field would run parallel with each other and reveal new insight on a specific idea, making that particular idea richer. I recently finished Jürgen Kocka’s Capitalism where he touched on, among others, the shift of power from feudal lords to the merchant class. I am currently […]

Capital accumulation as an idea sits close to the center of modern economic growth theory. Any introduction into the field will begin with physical capital accumulation, before population growth, technological progress, human capital and even institutions are progressively thrown into the mix to explain the real world. As far as modern macroeconomics is concerned, I […]

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