![]() ![]() ![]() It discusses the institutional interpretations of the critical developments of economic history such as, the Industrial Revolution and the Great Divergence, with an emphasis on differences between the two scholarly traditions, namely, the Original Institutional Economics and the New Institutional Economics. Besides examining different approaches to technology and its impact on economic and social life, it analyzes the role of institutions in history. This thesis is an attempt to reassess the long debated issues of economic history from the perspective of institutional economics. ![]()
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