3 - Making Europe’s Economy

Summary

This chapter reviews how historians and economists have thought about the economic history of Europe. It notes that internal explanations that paid little attention to the non-European world have been dominant for more than a century and reviews some of the reasons for that Eurocentrism. Such navel-gazing, however, has also been increasingly challenged for some time now, at first especially by non-European scholars and activists. The latter parts of the chapter explore current debates within the discipline and its increasing acknowledgment of the interactions between European and non-European economies. Two areas of discussion that have played a crucial role in this evolution are detailed in particular: The question of the role of slavery in European economic development and the rich debates taking place in the relatively new field of global labor history. Overall, efforts to write the economic history of Europe confined to its own ill-defined boundaries might serve particular political needs, but they are, in fact, historically inaccurate.