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Jacob Bielfeld's ''On the ''Decline of States''(1760) and its Relevance for Today

Listed author(s):
  • Erik S. Reinert

The idea of economic decline has been with us for a very long time. The notion that human societies are bound to follow the cyclical patterns of nature . birth, life, decline and death . is found from the Greek philosophy of Plato to the Arab philosophy of Ibn-Khaldun. Only late Renaissance and Enlightenment Entzauberung. demystification . of the world picture view freed mankind from the cyclical vicissitudes of the blindfolded god-dess Fortuna and opened up for rational economic policy to prevent booms and bust.

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Paper provided by TUT Ragnar Nurkse School of Innovation and Governance in its series The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics with number 47.

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Length: 50 pages
Date of creation: Jan 2013
Handle: RePEc:tth:wpaper:47
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