This collection of essays by Alexander Gerschenkron, who has been called “the doyen of economic history in the United States,” is a companion volume to the author’s highly acclaimed Economic Backwardness in Historical Perspective. The essays range over a wide variety of subjects, but the major theme, as in Gerschenkron’s previous book, is the conditions of industrial development, particularly in regard to nineteenth-century Europe. The book is divided into three parts. In Part I, Methodology, the essays are: “On the Concept of Continuity in History,” “Some Methodological Problems in Economic History,” and “Reflections on Ideology as a Methodological and Historical Problem.” Part II, Problems in Economic History, deals with “The Typology of Industrial Development as a Tool of Analysis,” “The Industrial Development of Italy: A Debate with Rosario Romeo,” “The Modernization of Entrepreneurship,” “Russia: Agrarian Policies and Industrialization, 1861–1914,” and “City Economies Then and Now.” In Part III, The Political Framework, the essays are: “Reflections on the Economic Aspects of Revolution,” “The Changeability of a Dictatorship,” and “The Stability of Dictatorships.” A series of appendices presents reviews and review articles by Gerschenkron.

First published in 1970, Professor Gerschenkron's theme is the contribution which the study of Russian economic history can make to the problems which have preoccupied Western historians. He first considers the way in which the case of the old Believers in Russia, who refused to support the official church but played an important entrepreneurial role in nineteenth-century economic development, bears upon Max Weber's celebrated thesis on the relations between the Protestant ethic and the spirit of capitalism. In the course of his discussion, Professor Gerschenkron provides important information on the doctrinal beliefs of this group, their social status and the extent to which they were persecuted and discriminated against by the State. His conclusion is that the persecution certainly afforded sufficient impulse to engage in profitable activities and to develop the traits Weber considered as specific features of the 'capitalist' spirit.