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We investigate differences in the economic performance of secular and religious local rulers in Medieval England. Exploiting the Norman conquest of England as a historical experiment, we compare economic outcomes of estates controlled by secular feudal landlords, Benedictine monasteries and...
Persistent link: https://www.econbiz.de/10012847646
Rich economies are characterized by the coincidence of, on the one hand, high state capacity and, on the other, well-functioning markets and the rule of law. They have states that are powerful and centralized and yet also limited. Furthermore, relatively low rates of shadow economic activity and...
Persistent link: https://www.econbiz.de/10012851338
The standard political economy narrative of representative assemblies in Western Europe is one of political bargaining and credible commitments. Monarchs sought to bargain with the leading men of the realms, exchanging their commitments on various policies for revenues and other resources. This...
Persistent link: https://www.econbiz.de/10013307584
In this study we evaluate the role that Mediterranean Medieval trade with Africa and the Middle-East still plays today in Italian politics by shaping the attitudes towards migrants of individuals that live close to Medieval ports. Trade connections between Medieval ports and Muslim Africa and...
Persistent link: https://www.econbiz.de/10014533686
In pre-industrial Europe, many of the functions performed today by large corporations and governments were performed by merchant associations of various types - merchant guilds, regulated companies, merchant-controlled cities, and merchant colonies. Merchant association provided their members...
Persistent link: https://www.econbiz.de/10014029887
merino breed appear in Spain; and, before then, 'Spanish' wools were amongst the very worst in Europe, used in the production …
Persistent link: https://www.econbiz.de/10014063762
computational model of Spain's political economy and do some simulations that could help explain the rationale behind such system. I … privileged trade position. It was a stable setting while Spain had sea supremacy. The advent of the British Navy in the late 18th …
Persistent link: https://www.econbiz.de/10012979149
Spain. Over the ensuing decades, Spain finally conquered the Muslims at Granada in 1492 and completed the Reconquista. Spain … 15th century and through the middle of the 17th century, Spain was the world’s dominant economic and military empire. But … circumstances, including the Spanish Empire of the 16th century. And while some historians have appraised the decline of Spain in …
Persistent link: https://www.econbiz.de/10014105441
Why can some governments credibly commit to the rule of law and protection of property rights while others cannot? A potential answer involves deep historical traditions of institutions that constrain rulers. We explore whether experiences with representative assemblies in medieval/early modern...
Persistent link: https://www.econbiz.de/10012853802
During the Middle Ages European cities were to various degrees independent from their territorial rulers. This paper investigates the overlord’s decision making with regard to the independence of cities. I argue that in return for tax payments territorial rulers delegated the supervision of...
Persistent link: https://www.econbiz.de/10014174574