tag:blogger.com,1999:blog-2761684730989137546.post2302882777456968594..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: Branko Milanovic — Economic reflections on the Fall of Constantinoplemike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-31821082888347998062016-05-26T15:24:50.487-04:002016-05-26T15:24:50.487-04:00I think that capitalism did not develop because th...I think that capitalism did not develop because there had developed no state view of possessive individualism, following C. B. Macpherson's argument. Where was Constantinople's Hobbes? Capitalism DID exist (IMO), but conditions were not ripe for its adoption by the imperial court -- it remained the province of groups and populations living on the margins of power, just it would later under the Ottomans. In short, as you suggest, like a large established firm, Byzantium's failure to innovate was the product of its very (military) success.Marian Rucciushttps://www.blogger.com/profile/12104215453386195003noreply@blogger.com