CRISES IN EUROPEAN
HISTORY
Translated by Arnold Petersen
A PAMPHLET WHICH EVERY STUDENT OF HISTORY AND ECONOMICS SHOULD POSSESS
“As an economic interpretation of three important crises in European history it is perhaps one of the best, considering the brevity of the work. Dr. Bang here employs to the best advantage the Marxian key, and succeeds in unravelling what to the average reader usually appear to be mysteries or near-mysteries. As the author explains in his introduction, the motive power of historical changes is to be found in the economic basis of a given society, in the methods of production and exchange peculiar to that society. To put it in this manner is, of course, to lay oneself open to the charge of teaching that the economic basis, and nothing else, influences the historical processes. Dr. Bang, however, in the concrete examples chosen furnishes ample evidence to show that while that undoubtedly is the chief, and in the long run the really important factor, the line cannot be drawn too sharply between cause and effect, seeing the effect frequently reacts upon the cause, stimulating it and aiding in accelerating (or retarding temporarily, as the case may be) the historical process.”—From the preface.
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