Beschreibung

Capitalism, Culture and Decline in Britain argues against the familiar thesis that Britain's alleged economic decline since 1870 resulted from deep-seated, anti-industrial factors in its culture. W. D. Rubinstein argues that Britain never had an industrial, but always a commercial/financial economy whose comparative advantage lay within that area. Rubinstein illustrates that the much maligned features of Britain's class system, such as the public schools, were actually efficient instruments to enhance this competitive advantage. He closely examines Britain's cultural values and elite structures to demonstrate that these were both rational and modern, arguing that Britain's standard of living has been virtually identical to all countries whose economies have been considered more ``successful.''

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