The Origins of Capitalism in England According to Leon Winiarski

Miroslaw Bochenek ()
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Miroslaw Bochenek: Nicolaus Copernicus University

Acta Universitatis Nicolai Copernici, Ekonomia, 2012, vol. 43, issue 1, 91-103

Abstract: As Leon Winiarski demonstrated, the process of formation of a market economy in England lasted for more than 300 years. The result was world’s first economic power of an industrial character and a modern, democratic society. Unfortunately, the rise of capitalism was paid for with enormous costs which were borne by the most vulnerable social strata. The birth of a market economy, which proved to be the most efficient economic system in history, was accompanied by sweat, tears, extreme poverty, and executions of thousand of vagabonds deprived of their property.

Keywords: capitalism; phases of development of economy; market economy. (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:cpn:umkanc:2012:p:91-103

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