The European Miracle: How Contractual Politics and Divided Power Gave Birth to Western Prosperity

How did Europe move from a collection of impoverished city states and kingdoms to a prosperous state of affairs? Europeans learned the value of contracts, private property, and the limited power of the state, and in turn, they flourished.

Original article: https://mises.org/mises-wire/european-miracle-how-contractual-politics-and-divided-power-gave-birth-western-prosperity