The Rise Of Britain’s Fiscal Naval StateIn outline (if not in the chronological detail required for a complete and satisfactory historical narrative) the reasons why the United Kingdom evolved between the Glorious Revolution of 1688 and the Congress of Vienna of 1815, into the most powerful...

In recent decades the new institutional economics has redrawn attention to the significance of state sponsored and regulated institutions, organisations, laws, rules, customs and culturally conditioned behaviour for the promotion of long term economic development (Menard and Shirley, 2005)....

This study examines a problem of fiscal deficits based on the Ottoman budget of 1275 A.H. (March 1859–February 1860).1 In this period, state debt amassed rapidly due to increased market loans abroad. In order to evaluate the credibility of the Ottoman government for a new loan, Lord Hobart and...