Description

The Economic Revolution: From Mercantilism to Capitalism by Oliver Shaw traces the monumental shift in global economic systems from the early days of mercantilism to the rise of modern capitalism. This historical exploration delves into the economic, social, and political transformations that occurred as European powers, driven by mercantile policies, expanded their empires, amassing wealth through colonial trade, state intervention, and economic protectionism. However, by the late 17th and 18th centuries, these old structures began to give way to new ideas and practices.

Shaw examines the emergence of the capitalist system, propelled by the Industrial Revolution and the rise of free markets, private property, and wage labor. The book offers a detailed look at the key players—thinkers like Adam Smith, political movements, technological advancements, and the birth of multinational corporations—whose ideas and actions led to the establishment of global capitalism. Through this examination, Shaw highlights the profound social and economic changes that reshaped societies, introducing new class dynamics, labor systems, and wealth disparities.

With insights into the complex interplay between ideology, power, and economics, The Economic Revolution provides a comprehensive analysis of the forces that shaped the modern world economy, offering readers a deeper understanding of capitalism's origins, its impact on the global stage, and the lasting challenges that continue to define our economic systems today.