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DisORIENT

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  • Matías Vernengo
  • David Fields

Abstract

An extensive and important literature has shown that the Rise of the West occurred considerably later than often thought, only in the 19th century, and that the main advantages of the West prior to that period were essentially military. However, this revisionist literature fails to incorporate the insights of radical political economics, both regarding money and the role of demand in technological progress, in ways that distort their conclusions. This paper suggests that both revisionists and radical political economists would benefit from each other’s insights.

Suggested Citation

  • Matías Vernengo & David Fields, 2016. "DisORIENT," Review of Radical Political Economics, Union for Radical Political Economics, vol. 48(4), pages 562-568, December.
    • Handle: RePEc:sae:reorpe:v:48:y:2016:i:4:p:562-568
    DOI: 10.1177/0486613416656072
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    References listed on IDEAS

    as
    1. Heinz D. Kurz & Neri Salvadori (ed.), 1998. "The Elgar Companion to Classical Economics," Books, Edward Elgar Publishing, volume 0, number 851.
    2. Allen,Robert C., 2009. "The British Industrial Revolution in Global Perspective," Cambridge Books, Cambridge University Press, number 9780521868273, January.
    3. L. Randall Wray, 1998. "Understanding Modern Money," Books, Edward Elgar Publishing, number 1668.
    4. Ingham, Geoffrey, 2004. "The nature of money," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 5(2), pages 18-28.
    5. Philip Mirowski, 1991. "Postmodernism and the Social Theory of Value," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 13(4), pages 565-582, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    money; technological change; Capitalism;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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