The Wealth of a Nation: Institutional Foundations of English Capitalism

Geoffrey M. Hodgson delves into the intricate relationship between institutional frameworks and the rise of capitalism in England. Through a detailed examination, he illustrates how key legal and financial institutions laid the groundwork for unprecedented economic transformation. The narrative encompasses the evolution of property rights, banking systems, and regulatory practices that collectively fostered an environment conducive to capitalist growth.

As Hodgson unravels the historical context, he highlights the pivotal role these institutions played in England's ascent to economic preeminence. He discusses how the interplay between governance, social norms, and economic practices facilitated not just the accumulation of wealth but also the emergence of a dynamic market system. This exploration provides readers with a comprehensive understanding of the foundational elements that configured Britain's economic landscape, paving the way for a global capitalist economy.