This work, first published in 1977, is a reissue of a trailblazing work; the first textbook of economic history to deal comprehensively with the economic development of the whole continent in this period and to do so from a continental rather than a British perspective. But it is more than merely a textbook: it is an interpretative synthesis of the wide range of research on this subject in many countries. As such it will be an indispensable guide for teachers and will extend and improve the scope of teaching by making available for the first time in English the results of continental research. In addition, it is a work of fundamental interest to economists in which theories and hypotheses of economic development are now examined in a much wider historical context. In this way the book is an exploration of the objective validity of earlier theories and the starting point for further research into economic development and european history. The work covers the continental development of the German and French economies after 1870 and then in that context analyses the development of the smaller western economies. It then considers the relatively underdeveloped economies of eastern and southern Europe and includes the first attempt at a synthesis of economic development before 1914 in the Balkans. It concludes with an analysis of the international economy and its relationship to the economic development of the continent.