Following the approach of R. M. Hartwell, the influential historian of the British Industrial Revolution, these essays explore the cultural contexts and institutional constraints that have shaped growth and development over the past two centuries. Capitalism in Context offers new perspectives on why economic development took place where and when it did.

Thirteen chapters cover: social progress during economic development; the influence of cultural values on social and economic change; economic foundations of development-labor, capital, and technology; and organizational arrangements-property rights, government, and markets. These studies will appeal to economists, historians, and social scientists alike for their wide-ranging treatments of economic development and cultural change.

The contributors are N. F. R. Crafts, Lance E. Davis, Stanley L. Engerman, David W. Galenson, Robert E. Gallman, Stephen Innes, John A. James, Eric L. Jones, Thomas W. Laqueur, Gary D. Libecap, Joel Mokyr, Douglass C. North, Mark Thomas, John J. Wallis, Jeffrey G. Williamson.