Professor Robert Lopez provides an incisive analysis of the economic structure of the Middle Ages. He makes use of modern economic concepts to explain how an underdeveloped economic system gave birth to the commercial revolution through which Europe succeeded in developing itself. The book goes far beyond the familiar picture of medieval European society, with its magnificent cathedrals and imposing castles, to concentrate instead on the walled cities and open countryside, for it was here that the revolution was born. Deftly and concisely, Professor Lopez traces the history of this remarkable economic upheaval which saw the rise of merchants and craftsmen and the decline of agricultural dependence by the society.

2013 Reprint of 1928 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. This is still one of the best discussions of the 19th century Utilitarian movement in England-the rise of the Benthamites and the conflict between the growing economic philosophy and older philosophies that emphasized human and social values. Halevy discusses Locke, Newton, Gay, Hartley, Hume, Bentham, Adam Smith, Burke, Godwin, Malthus, James Mill, Ricardo, Grote and others. Remains a standard work to this day.