Full text: Lecture on Economic History

Lecture on Economic History.

The feudal system.
I) Introduction. To trace the origin of capitalism we must
 start with a description of a time when the
whole of Western Europe was organized
entirely under a system which was definitely
non-capitalism: Feudalism.
We shall go through the development up to
the 20th century when a considerable part of
the world has become capitalist.
We shall find the difference between the

two systems in a different

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