I think both arms of the Christian faith helped lay the foundation which allowed for the boom in economic prosperity and sowed the seeds of the Industrial revolution.
David Landes' book "Wealth and Poverty of Nations" was an interesting read pointing to the Protestant promotion of valuing hard work, savings, timeliness, enterprise and free-thinking in a way that hadn't been seen before which promoted economic prosperity.
Again, I think they both contributed and am looking forward to reading Wood's books on Church and Market and Church Built Wester Civ to see the arguments he makes for the Catholic contributions etc.
I don't think either one has a complete monopoly on the claim to being foundational, but perhaps one contributed more than the other.
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