Tuesday, March 23, 2010

The Nature of History

I tend to subscribe to an economic understanding of history--shifting economic conditions upset existing economic arrangements, destabilizing the social arrangements that depend on those conditions. This in turn generates a political backlash, typically intended to regress economic conditions, to stabilize the 'new' economic conditions by making further economic change more difficult, or to provide a 'plum' to induce people to take up a new system of social arrangements.

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