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Benchmarking the Middle Ages: fifteenth century Tuscany in European perspective
[Plague in seventeenth century Europe and the decline of Italy: an epidemiological hypothesis]

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  • Jan Luiten van Zanden
  • Emanuele Felice

Abstract

The article presents GDP estimates for fifteenth century Tuscany, based on the 1427 Florentine Catasto. In per capita GDP, Tuscany was only slightly above England and Holland. Furthermore, when compared to England and Holland, Tuscany was characterized by high extractive rates in favor of Florence, to the detriment of the subdued cities and the countryside, and by subsequent market blockades. This may explain why previous estimates, partly based on the construction wages in Florence, can lead toan overestimate of GDP. It may also explain the exceptional artistic blossoming of fifteenth century Florence, despite only a small lead in average GDP.

Suggested Citation

  • Jan Luiten van Zanden & Emanuele Felice, 2022. "Benchmarking the Middle Ages: fifteenth century Tuscany in European perspective [Plague in seventeenth century Europe and the decline of Italy: an epidemiological hypothesis]," European Review of Economic History, European Historical Economics Society, vol. 26(4), pages 535-554.
    • Handle: RePEc:oup:ereveh:v:26:y:2022:i:4:p:535-554.
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    File URL: http://hdl.handle.net/10.1093/ereh/heac003
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    Cited by:

    1. David Chilosi & Carlo Ciccarelli, 2023. "Italy in the Great Divergence: What Can We Learn from Engel’s Law?," CEIS Research Paper 562, Tor Vergata University, CEIS, revised 18 Jul 2023.

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