The Wheels of Commerce
Civilization and Capitalism, 15th-18th Century, Volume 2
The middle volume of Braudel's history, distinguishing the everyday market economy from the capitalism that sat above and against it.
The second volume of Braudel’s Civilization and Capitalism, on the machinery of exchange between the fifteenth and eighteenth centuries: markets, fairs, shops, pedlars, and above all the distinction he draws between the everyday market economy and the capitalism that operates above it. The heart of the argument for which the trilogy is read.
Recommended by 1 Person
Robert Reich
Again and again, capitalism reached points where, if the state did not intervene in such ways as to induce more competitiveness, it would collapse under its own weight. In other words, what Braudel saw was this continuing evolutionary balance between the state and capitalism, in which the state needed to support capitalism but at the same time needed to guard against its excesses.
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