"This study brings a new perspective to a pivotal debate: the causes of the English Revolution. It pinpoints the economic motives behind the opposition to the crown, and shows their connection to the changing mind-set and political transitions of the time. Distinctively, it identifies the...

I present a theory to account for the emergence of land rights in a subsistence agricultural economy. An important feature is that, to maximize tax revenue, an authoritarian state must devise land rights to overcome the informational constraint in registering the population for tax collection....

The institutional arrangements governing the creation of money in the United States have changed dramatically since the Revolution. Yet beneath the surface the story of wartime money creation has remained much the same. During wars against minor powers, the government was able to fund the war by...