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Why are we rich and others poor? What is preventing the less-developed countries from catching up with the more developed? How did we become rich? Underlying these questions are more fundamental ones: What is the nature of economic progress? What are its causes? I seek the answers to these...
Persistent link: https://www.econbiz.de/10013135194
Government had an enormous impact on economic growth and development in pre-industrial Europe. Mostly, this was unintended - a side effect, for example, of government exaction or of the waging of war. However, governments did also intervene in their economies deliberately. These interventions...
Persistent link: https://www.econbiz.de/10012734977
In pre-industrial Europe, the pace of economic development and growth varied across territories and over time. Much of this variation was due to the changing impact of government on the economies in question. Government affected the economy principally through its command of violence. We...
Persistent link: https://www.econbiz.de/10012734978
Government finance in pre-industrial Europe was shaped by two forces - continuing economic development and incessant warfare. Continuing economic development increased potential revenue and altered the ways in which it could be mobilized. Incessant warfare exerted constant, often intense,...
Persistent link: https://www.econbiz.de/10012734980
In pre-industrial Europe, government and the economy developed together, each influencing the other. The development of each was shaped by competition. Governments competed for territory, principally by means of war. Their success depended primarily on their ability to mobilize resources. So...
Persistent link: https://www.econbiz.de/10012734981
In pre-industrial Europe the technology of war advanced at an unusually rapid pace. The period's almost incessant warfare ensured a strong demand for improvements in the technology of war. At the same time, rapid economic development created an environment that was conducive to the supply of...
Persistent link: https://www.econbiz.de/10012708056
The development of pre-industrial Europe was driven by the expansion of trade. This paper describes the patterns of trade and shows how they can be understood in terms of differences in trading costs. It discusses how the different levels of trade?from local to transoceanic-contributed, both...
Persistent link: https://www.econbiz.de/10014138694
In pre-industrial Europe, growth was driven by the expansion of trade, and the expansion of trade was driven by falling trading costs. This paper discusses the mechanisms linking these processes: profit-seeking behavior by merchants, changes in the organization of production, technological...
Persistent link: https://www.econbiz.de/10014138697