An edition of States of credit (2011)

States of credit

size, power, and the development of European polities

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Last edited by MARC Bot
August 21, 2024 | History
An edition of States of credit (2011)

States of credit

size, power, and the development of European polities

States of Credit provides the first comprehensive look at the joint development of representative assemblies and public borrowing in Europe during the medieval and early modern eras. In this pioneering book, David Stasavage argues that unique advances in political representation allowed certain European states to gain early and advantageous access to credit, but the emergence of an active form of political representation itself depended on two underlying factors: compact geography and a strong mercantile presence. Stasavage shows that active representative assemblies were more likely to be sustained in geographically small polities. These assemblies dominated by mercantile groups that lent to governments, were in turn more likely to preserve access to credit. Given these conditions, smaller European city-states, such as Genoa and Cologne, had an advantage over larger territorial states, including France and Castile, because mercantile elites structured political institutions in order to effectively monitor public credit. While creditor oversight of public funds became an asset for city-states in need of finance, Stasavage suggests that the long-run implications were more ambiguous. City-states with the best access to credit often had the most closed and oligarchic systems of representation, hindering their ability to accept new economic innovations. This eventually transformed certain city-states from economic dynamos into rentier republics.

Publish Date
Language
English
Pages
192

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Previews available in: English

Edition Availability
Cover of: States of Credit
States of Credit: Size, Power, and the Development of European Polities
2015, Princeton University Press
in English
Cover of: States of credit
States of credit: size, power, and the development of European polities
2011, Princeton University Press
in English
Cover of: States of Credit
States of Credit: Size, Power, and the Development of European Polities
2011, Princeton University Press
in English
Cover of: States of Credit
States of Credit: Size, Power, and the Development of European Polities
2011, Princeton University Press
in English

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Book Details


Table of Contents

Introduction
The evolution and importance of public credit
Representative assemblies in Europe, 1250-1750
Representation and credit in a broad sample of states
Origins of city-states
Three city-state experiences
Three territorial state experiences
Implications for state formation and development.

Edition Notes

Published in
Princeton, N.J
Series
The Princeton economic history of the Western world

Classifications

Dewey Decimal Class
336.3/4094
Library of Congress
HJ8615 .S857 2011, HJ8615

The Physical Object

Pagination
p. cm.
Number of pages
192

ID Numbers

Open Library
OL24823204M
Internet Archive
statesofcreditsi0000stas
ISBN 13
9780691140575
LCCN
2011006917
OCLC/WorldCat
687685800

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August 21, 2024 Edited by MARC Bot import existing book
August 17, 2024 Edited by ImportBot import existing book
June 3, 2023 Edited by ImportBot import existing book
August 21, 2020 Edited by ImportBot import existing book
July 25, 2011 Created by LC Bot import new book