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This analysis, based on Douglas North's "The Rise of the Western World," challenges the common belief that the Industrial Revolution was the primary cause of Western dominance, arguing instead that suitable institutional frameworks were the foundational prerequisite. The text explains the "qualification round" of European nations from the 10th to 15th centuries, highlighting how factors like the fall of the Carolingian Empire, famine, plague, and warfare led to stronger centralized states in England, the Netherlands, France, and Spain. It then examines the "final round" from the 16th to 18th centuries, focusing on how these nations addressed fiscal challenges. While Spain and France adopted "path-dependent" policies that ultimately hindered their long-term growth, the United Kingdom's unique institutional development, particularly its patent system, allowed it to innovate and thrive, ultimately leading to its rise as a global power. The text also includes a critique of North's historical account of the marine chronometer, suggesting it inaccurately represents the early application of patent law.
By Erick W
This analysis, based on Douglas North's "The Rise of the Western World," challenges the common belief that the Industrial Revolution was the primary cause of Western dominance, arguing instead that suitable institutional frameworks were the foundational prerequisite. The text explains the "qualification round" of European nations from the 10th to 15th centuries, highlighting how factors like the fall of the Carolingian Empire, famine, plague, and warfare led to stronger centralized states in England, the Netherlands, France, and Spain. It then examines the "final round" from the 16th to 18th centuries, focusing on how these nations addressed fiscal challenges. While Spain and France adopted "path-dependent" policies that ultimately hindered their long-term growth, the United Kingdom's unique institutional development, particularly its patent system, allowed it to innovate and thrive, ultimately leading to its rise as a global power. The text also includes a critique of North's historical account of the marine chronometer, suggesting it inaccurately represents the early application of patent law.