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- W2476844385 abstract "When the dawn of classical political economy broke on the horizon of history human civilisation was on the verge of a great transformation. Only two centuries earlier the European feudal system — described by Adam Smith as a catastrophe which had befallen Europe since the fall of the Roman Empire1 — had finally begun to collapse under the pressure of domestic and external forces. The gradual development of technology and the expansion of foreign trade had been accompanied by the accumulation of financial capital and the growth — and increasing political autonomy — of townships typified by the establishment of burghs or ‘boroughs’: hence the term ‘bourgeoisie’. Whatever the direction of causation might have been, these developments were paralleled by a rapid increase in the functions and power of the state which — in the countries of northern Europe — received spiritual legitimacy by the collapse of the authority of the Roman Church. The intellectual revolution which concurrently unfolded marked the return of scientific speculation and artistic creation from other-worldly to this-worldly problems: a movement away from metaphysics to physics — from God to man — both in substance and in method." @default.
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- W2476844385 date "1980-01-01" @default.
- W2476844385 modified "2023-09-26" @default.
- W2476844385 title "Historical Perspectives: From Political Economy to Positive Economics" @default.
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- W2476844385 doi "https://doi.org/10.1007/978-1-349-16256-7_2" @default.
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