In this paper, we provide a detailed analysis of a mechanism that distorts production towards too much use of primary factors like labor and too little use of intermediate inputs. The distortion results from two ingredients that are cornerstones of modern quantitative trade theory: monopolistic...

This book surveys the role of Amsterdam’s Sephardic merchants in the westward expansion of sugar production and trade in the seventeenth-century Atlantic. It offers an historical-geographic perspective, linking Amsterdam as an emerging staple market to a network of merchants of the "Portuguese...