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Spain. Over the ensuing decades, Spain finally conquered the Muslims at Granada in 1492 and completed the Reconquista. Spain … 15th century and through the middle of the 17th century, Spain was the world’s dominant economic and military empire. But … circumstances, including the Spanish Empire of the 16th century. And while some historians have appraised the decline of Spain in …
Persistent link: https://www.econbiz.de/10014105441
computational model of Spain's political economy and do some simulations that could help explain the rationale behind such system. I … privileged trade position. It was a stable setting while Spain had sea supremacy. The advent of the British Navy in the late 18th …
Persistent link: https://www.econbiz.de/10012979149
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During the Middle Ages European cities were to various degrees independent from their territorial rulers. This paper investigates the overlord’s decision making with regard to the independence of cities. I argue that in return for tax payments territorial rulers delegated the supervision of...
Persistent link: https://www.econbiz.de/10014174574
We analyze the capacities of communities (or social networks) and courts to secure cooperation among heterogeneous, impersonal transactors. We find that communities and courts are complementary in that they tend to support cooperation for different types of transactions but that the existence of...
Persistent link: https://www.econbiz.de/10014180666
We analyze the capacities of communities (or social networks) and courts to secure cooperation among heterogeneous, impersonal transactors. We find that communities and courts are complementary in that they tend to support cooperation for different types of transactions but that the existence of...
Persistent link: https://www.econbiz.de/10014185419
The standard political economy narrative of representative assemblies in Western Europe is one of political bargaining and credible commitments. Monarchs sought to bargain with the leading men of the realms, exchanging their commitments on various policies for revenues and other resources. This...
Persistent link: https://www.econbiz.de/10013307584
Why can some governments credibly commit to the rule of law and protection of property rights while others cannot? A potential answer involves deep historical traditions of institutions that constrain rulers. We explore whether experiences with representative assemblies in medieval/early modern...
Persistent link: https://www.econbiz.de/10012853802
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