The limited partnership emerged as a key societal innovation during the early modern age. It allowed an effective separation between partners – those acting and those conferring capital – and it granted limited liability to partners in case of insolvency. The diffusion of limited partnership...

Numerous studies have been made of regional differences in income and level of development in Italy, and these studies basically differ in the responses they give to the question of whether the said differences were already of a substantial nature prior to Unification, or whether in fact they...

State building and state competition during the 16th century triggered a creative moment in the history of public finance. Recent scholarship has clearly identified the Papal States and their communities as active participants both in the state building process and the reorganization of public...