The Wheels of Commerce (Civilization and Capitalism: 15Th-18th Century)

Volume two of Braudel’s 2,000-page economic history begins with the earliest examples of the market economy-the rudimentary markets of 15th-century Europe-and then examines the evolution of the more sophisticated trade networks and stock exchanges of the next 300 years. Along the way, Braudel contends that capitalism evolves only in societies with natural hierarchies that thrive on wealth accumulation and the emergence of global trade. More … [ Read more ]