In the development of the modern world, the institution known as capitalism has virtually exploded and has reached, in some aspect, almost every nook and cranny of the globe. Although capitalism is a very powerful force in this modern world, its origins are not well known or documented, and therefore a debate amongst historians to understand how this unique economic system came to be has emerged.
Ellen Meiksins Wood is of the opinion that capitalism was originally developed in Britain, specifically England, and that it is unique to this region and this region alone. In her book, The Origin…
