Why didn’t political modernization lead to modernization in the economy and society after the Qin unification? The emergence of a modern state is a necessary condition for intensive economic development, but it is not a sufficient one. Other institutions needed to be in place for capitalism to emerge. The capitalist revolution in the West was preceded by a cognitive revolution in early modern times that created the scientific method, modern universities, technological innovations that produced new wealth from scientific observations, and a system of property rights that incentivized people to
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