Reply To: Capitalism resulted from the growth of the state?

Home Forums Discuss Austrian Economics, Step by Step Capitalism resulted from the growth of the state? Reply To: Capitalism resulted from the growth of the state?

#18082
gpm2313
Member

Jack,

For an account of how the free market emerged despite the regulations and restrictions of the guilds and without the backing of the state (which in most cases took the side of the guilds) see Rothbard’s History of Economic Thought Volume I, Chapters 7-11.