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    Home»Economy»Parallels between our current time and 17th century England
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    Parallels between our current time and 17th century England

    Press RoomBy Press RoomApril 12, 2025No Comments2 Mins Read
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    That is the topic of my recent essay for The Free Press.  Excerpt:

    Ideologically, the English 17th century was weird above all else.

    Millenarianism blossomed, and the occult and witchcraft became stronger obsessions. This was an age of religious and economic upheaval; King James I even wrote a book partly about witches called Daemonologie. The greater spread of pamphlets and books meant that witch accusations circulated more widely and more rapidly, and so the 1604 Witchcraft Act applied harsher punishments to supposed witches.

    People were more likely to fear imminent transformation, and new groups sprouted up with names such as “Fifth Monarchy Men,” devoted to the idea that a new reign of Christ would usher in the end of the world. Protestantism splintered, giving rise to Puritanism and numerous sects, many of them extreme.

    Meanwhile, Roger Williams brought ideas of free speech and freedom of conscience to America, founding what later became the state of Rhode Island. The development of economics as a science with an understanding of markets (credit Nicholas Barbon and Dudley North) dates from that time, as do the first libertarians, namely the Levellers, a liberty-oriented group from the time of the English Civil War.

    All of these developments were supported by the falling price of printing, giving rise to an extensive use of pamphlets and broadsheets to communicate and debate ideas, often in London coffeehouses. Johannes Gutenberg had built the printing press for Europe much earlier, in the middle of the 15th century—but 17th-century England was the time and place when a commercial middle class could start to afford buying printed works.

    I explore the parallels with today at the link, recommended.

    The post Parallels between our current time and 17th century England appeared first on Marginal REVOLUTION.



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