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Ten Years of Debate on the Origins of the Great Divergence between the Economies of Europe and China during the Era of Mercantilism and Industrialization
1. Smith, Marx and Weber
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Since its publication in the 13th century, the Travels of Marco Polo has attracted a wide readership around the world. The transmission and translation of the original Rustichello-Marco text (either in French or Franco-Italian) resulted in 150 medieval manuscripts. Despite its popularity, not everyone believed Marco Polo’s account.
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At the height of the Greek financial crisis, reports from colleagues based in Athens painted a sorry picture of respectable citizens who had fallen upon hard times desperately rummaging in dustbins to supplement their dwindling larders. The statistics told an even grimmer story – between 2010 and 2011, suicide rates in Greece rose by 40 per cent.(1)