Economic Growth in France and Britain, 1851-1950 by Charles P. Kindleberger
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Overview: This comparative survey of the economic history of France and Britain over a hundred-year period analyzes to what extent current theories effectively explain the growth of these two nations and, conversely, to what extent the experience of the two nations alters or illuminates these same economic theories. A wide variety of interpretations of French and British rates of growth is examined, with special emphasis directed to “single factor” theories of economic development. In a comprehensive, enlightening analysis, the author shows that single factors can stimulate or retard growth, depending upon the intensity of the stimulus on the one hand and the character of the response on the other, and that French and British growth increased or diminished from time to time in ways that are difficult to explain by solitary causes. Charles Kindleberger offers a reminder of the dangerous ease of theorizing without facts or of interpreting facts with too limited theories and he concludes that economic growth is too complex a phenomenon to yield to partial explanations and that a more general approach is required.
Genre: Non-Fiction > History
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