Growth: cautionary tales from history
...eastern Europe – the so-called “Little Divergence”. The Low Countries – what are now Belgium, Luxembourg and the Netherlands – experienced stunning economic growth from around 1450 to around 1700....
...eastern Europe – the so-called “Little Divergence”. The Low Countries – what are now Belgium, Luxembourg and the Netherlands – experienced stunning economic growth from around 1450 to around 1700....
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...uncertainty is by nature wasteful, at least initially. Innovations are heretics to the orthodoxy of efficiency, until they become the new orthodoxy. Herein rests the paradox of innovation for today's...