In “Why and When Did the West Get Rich?” Maddison argues that the emergence of urban trading centers was an important cause of European economic growth because such centers cause institutional change....



In “Why and When Did the West Get Rich?” Maddison argues that the emergence of urban trading centers was an important cause of European economic growth because such centers cause institutional change. Explain the nature of the institutional changes and how they led to increases in growth. Is there a causal link between the institutional change and the proximate causes of growth that Maddison identifies?



Oct 02, 2022
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