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Jacob Soll, "Free Market: The History of an Idea" (Basic Books, 2022)

New Books in Intellectual History

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Colbert and the Transformation of France's Economy

This chapter examines the rise of Jean-Baptiste Colbert, Louis XIV's minister, and his significant contributions to reshaping France's economy through strategic initiatives and market understanding. As it contrasts France's absolutist regime with Britain's more open economic landscape, the discussion highlights the complexities of establishing industrial growth amid political challenges. Finally, the chapter explores the interplay between financial innovation and state development, drawing connections to the evolution of capitalism and revolutionary movements.

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