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Princes and Merchants: European City Growth before the Industrial Revolution

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J. Bradford De Long
Andrei Shleifer

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Abstract

As measured by the pace of city growth in western Europe from 1000 to 1800. absolutist monarchs stunted the growth of commerce and industry. A region ruled by an absolutist prince saw its total urban population shrink by one hundred thousand people per century relative to a region without absolutist government. This might be explained by higher rates of taxation under revenue-maximizing absolutist governments than under non-absolutist governments. which care more about general economic prosperity and less about State revenue.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 4274.

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Date of creation: Feb 1993
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Handle: RePEc:nbr:nberwo:4274

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N13 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations - - - Europe: Pre-1913
K20 - Law and Economics - - Regulation and Business Law - - - General

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This page was last updated on 2009-11-21.

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