ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Economics of Feudalism

Economics of Feudalism Ranjit Sau An Economic Theory of the Feudal System: Towards a Model of the Polish Economy, 1500-1800 by Witold Kula; NLB, London; pp 191. (Translated by Lawrence Carner from the Italian edition; original publication in Polish in 1962.) investments of a manufacturing nature, the problems related to the productive or non-productive utilisation of the surplus, etc); (3) the laws governing the adjustment of the economy to changes in social conditions, i e, the short-term dynamic; (4) the laws of the long-term dynamic, and above all the internal causes of the disintegration of a determinate system and of its transformation into a different one. No theory is complete unless it contains this last element.

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