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Micro foundations in the Great Divergence debate: opening up a new perspective

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  • Zan, Luca
  • Deng, Kent

Abstract

Prevailing approaches in historical studies adopt a macro view and place an overwhelming emphasis on the Industrial Revolution as a major discontinuity in Western development. On the contrary, recent research in accounting, management and business history has suggested a different direction. When opting for a micro-level focus, crucial discontinuities in management and accounting in the West can be traced back to the Renaissance Period. The paper thus searches for ‘micro foundations’ in managing and accounting practices to address the on-going debate on the East-West divergence. Despite the obvious problems with source availability, we outline a new research agenda for the debate.

Suggested Citation

  • Zan, Luca & Deng, Kent, 2017. "Micro foundations in the Great Divergence debate: opening up a new perspective," LSE Research Online Documents on Economics 68944, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:68944
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    More about this item

    Keywords

    Great Divergence Debate; Venice Arsenal; accounting and capitalism; proto-industrial settings; premodern bureaucracies;
    All these keywords.

    JEL classification:

    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • N8 - Economic History - - Micro-Business History

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