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States of Credit: Size, Power, and the Development of European Polities
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States of Credit: Size, Power, and the Development of European Polities (Princeton Economic History of the Western World)

4.0 of 5 stars 4.00  ·  rating details  ·  4 ratings  ·  1 review

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 emerge

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ebook, 208 pages
Published July 5th 2011 by Princeton University Press
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Anton Tomsinov
A huge disappointment. The main argument of the book is that the oligarchy allowed city-states to borrow at 2% lower interest rate than territorial states did. It happened because lenders had direct control over politics, but in the end that oligarchy led to stagnation and decline of these city-states. The author is not a specialist on Medieval and Early Modern states, all his information is taken from previous historians. The author combined different sets of data into scary formulas, diagrams, ...more
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