HOW FAST AND WHY DID EARLY CAPITALISM BENEFIT THE MAJORITY
成果类型：
Article
署名作者：
MORRIS, CT
刊物名称：
JOURNAL OF ECONOMIC HISTORY
ISSN/ISSBN：
0022-0507
DOI：
10.1017/S0022050700041036
发表日期：
1995
页码：
211-226
关键词：
摘要：
How long did it take for early rapid capitalist transformations to benefit the majority of the population? This essay examines three presumed success cases, concluding that rapid capitalist development took at least five decades to benefit the majority. A neglected political force for success was the effectiveness of local public and quasi-public institutions in creating wide networks of transportation and other public investments responsive to changing market requirements. Economists today should pay close attention to distributional benefits and local government effectiveness before urging western brands of capitalism on countries where failures to benefit the majority threaten severe political instability.