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The Wealth of a Nation: Institutional Foundations of English Capitalism, by Geoffrey M. Hodgson, Princeton University Press, 304 pages, $39.95 A galaxy of brilliant scholars have tried to account for the economic transformation of England in the 18th and early 19th centuries—the period that began the Great Enrichment that created the modern world. What could Geoffrey M. Hodgson’sThe Wealth of a Nation add to this mountain of scholarship and disputation? Quite a lot. Building on his earlier work, especially 2015’s Conceptualising Capitalism, the British economist argues that the Great Enrichmen…

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