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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...