The Beginnings of Modern Growth in Europe: An Essay in Synthesis

W. W. Rostow

The Journal of Economic History, 1973, vol. 33, issue 3, 547-580

Abstract: This article is an essay in both historical synthesis and in the theory of growth. It seeks to explain the process at work in Europe which led up to the surge of British industrial expansion at the end of the eighteenth century as the result of three distinct, partially related, converging forces: public policies induced by the endemic international struggle for power; the expansion of international commerce and of the world trading area; and the complex impact of the scientific revolution. This historical view is then related to the concept of the preconditions for take-off and take-off, as well as to the case of increasing returns.

Date: 1973
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