This paper argues that empires in the age of nations are beset by cultural contradictions that undermine attempts to create a cohesive social bloc able to achieve hegemonic rule. The proposition is tested through an examination of the British Empire in the nineteenth and early twentieth...

Why did the most prosperous colonies in the British Empire mount a rebellion? Even more puzzling, why didn't the British agree to have American representation in Parliament and quickly settle the dispute peacefully? At First glance, it would appear that a deal could have been reached to share...

We gather the most comprehensive database of government bonds for the first globalisation era to date to conduct the first historically informed study of the importance of liquidity for colonial and sovereign yield spreads. Considering both liquidity and credit shows that the two markets were...

Given fiscal constraints, how did colonial states allocate coercion within their territories? This paper proposes a new explanation for variation in colonial coercion: the extent of pre-colonial state consolidation. When the pre-colonial state achieved control over local society via capture of...

This paper develops an analytical framework for studying colonial investment from the perspective of neoclassical political economy. The distinguishing feature of colonial investment in this model is that the metropolitan government restricts the amount of investment in the colony in order to...