Here, Richard Lachmann offers a new answer to an old question: Why
did capitalism develop in some parts of early modern Europe but not
in others? Finding neither a single cause nor an essentialist
unfolding of a state or capitalist system, Lachmann describes the
highly contingent development of various polities and economies. He
identifies, in particular, conflict among feudal elites--landlords,
clerics, kings, and officeholders--as the dynamic which... more...