A Theory of Economic History

able advantage agriculture bank become begin borrowing bureaucracy century chapter circulating capital city-state coinage colonies command command economy contract countries currency decisions demand for labour early easily economic history economists effect efficient Empire enforce Europe example expansion farmer farming feudalism fixed capital free labour G. D. H. Cole Greek growth happen important income increase Industrial Revolution investment kind labour market land landlord less loan lord lord-and-peasant system machines matter means mediaeval ment Mercantile Economy merchants metal Middle Phase modern necessary nevertheless non-merchants particular peasant population possible profits real wages reason Ricardo rise Roman Roman law sell servants simply slave slave labour slavery social sold specialization stage store of value story supply surplus T. S. Ashton things tion usurious whole