Modern capitalism emerged in the early 19th century in Western Europe and its offshoots.
By Dr. Jeffrey D. Sachs
Director, Center for Sustainable Development
Columbia University in the City of New York
HistoryCapitilaismOxfordreview_winter99
Originally published by the Oxford Review of Economic Policy 15:4 (1999, 90-101), republished with permission for educational, non-commercial purposes.
