The Manse The Manor And The Market Summary

As interpreted in “The Manse, The Manor and the Market: New Perspectives on the Medieval Agricultural Revolution” George Grantham solely focused on agricultural development rather than any other innovation. On the other hand, Gregory Clark believes that up until the 1800s, Europe was considered a nation trapped under the Malthusian idea, which meant the financial status of people was unchanging, while the population tends to increase. Due to the start of Industrial Revolution in the 1800s, the Malthusian model no longer applied according to Clark. In the early 19th century, Europe was not capable of having a stable monarchy, which led to less productivity. As the monarchy did not provide market incentives, the primary source of the progress, the nation itself relied upon the inclusive institution, which was precisely known as the involvement of many people in the process of governing the country. The constitutional point that George Grantham argues is that the fundamental reason for the lack of market incentives was more prevalent in the 1800s because Europe lacked proper political
18). Innumerable people had a lot of leisure time because they did not spend as much time producing nutritional subsistence for their families. This also led to a lack of market incentives because not everyone utilized their time due to lack of predetermination. Moreover, the monarchy in Europe was not allowed to exclude trade; therefore, civilians depended on trading in local markets for financial support. The system of financial trading included farmers and other merchants, who were able to produced a surplus and went to the major cities to sell it, which allowed them to increase the needed productivity. Farmers and merchants started to produce more, as they found a way to sell their