Mention520364

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so:text By that time a structure of property rights had developed in the Netherlands and England which provided the incentives necessary for sustained growth. These included the inducements required to encourage innovation and the consequent industrialization. The industrial revolution was not the source of modern economic growth. It was the outcome of raising the private rate of return on developing new techniques and applying them to the production process. (en)
so:isPartOf https://en.wikiquote.org/wiki/Douglass_North
so:description The rise of the western world, 1973 (en)
qkg:hasContext qkg:Context256442
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