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
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.
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)