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Repudiations and Confiscations by the Medieval State

Author

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  • Veitch, John M.

Abstract

Loan repudiations and property confiscations were common between medieval kings and individuals. Traditional accounts of these confiscations focus on factors affecting the kings, ignoring the motivations of the victims. This deficiency may be remedied by considering the problems faced on both sides of any agreement between a king and a group of citizens. A model is presented which explains the timing and the form of repudiations and confiscations without resorting to an assumption of irrationality by either party. It is general enough to address a persistent problem in the property rights view of government: How can an individual protect himself from abuses by his protector?

Suggested Citation

  • Veitch, John M., 1986. "Repudiations and Confiscations by the Medieval State," The Journal of Economic History, Cambridge University Press, vol. 46(1), pages 31-36, March.
    • Handle: RePEc:cup:jechis:v:46:y:1986:i:01:p:31-36_04
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    Cited by:

    1. Joao Ricardo Faria, 1998. "The Sephardim Diaspora: A Model of Forced Migration and Confiscation," Studies in Economics 9811, School of Economics, University of Kent.
    2. Acemoglu, Daron & Johnson, Simon & Robinson, James A., 2005. "Institutions as a Fundamental Cause of Long-Run Growth," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 6, pages 385-472, Elsevier.
    3. Frank Buckley & Eric Rasmusen, 2000. "The Uneasy Case for the Flat Tax," Constitutional Political Economy, Springer, vol. 11(4), pages 295-318, December.
    4. Mark Koyama, 2010. "The political economy of expulsion: the regulation of Jewish moneylending in medieval England," Constitutional Political Economy, Springer, vol. 21(4), pages 374-406, December.
    5. Arslantas, Yasin, 2018. "Drivers and constraints of state confiscation of elite property in the Ottoman Empire, 1750-1839," Economic History Working Papers 88096, London School of Economics and Political Science, Department of Economic History.
    6. Theresa Finley & Mark Koyama, 2018. "Plague, Politics, and Pogroms: The Black Death, the Rule of Law, and the Persecution of Jews in the Holy Roman Empire," Journal of Law and Economics, University of Chicago Press, vol. 61(2), pages 253-277.
    7. Bryan Caplan & Edward Stringham, 2003. "Networks, Law, and the Paradox of Cooperation," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 16(4), pages 309-326, December.
    8. Hilton L. Root, 1989. "Tying the King's Hands," Rationality and Society, , vol. 1(2), pages 240-258, October.
    9. Álvarez Nogal, Carlos, 2003. "The role of institutions to solve sovereing debt problems : the Spanish monarchy's credit (1516-1665)," IFCS - Working Papers in Economic History.WH wh030804, Universidad Carlos III de Madrid. Instituto Figuerola.
    10. Anderson, R. Warren & Johnson, Noel D & Koyama, Mark, 2013. "From the Persecuting to the Protective State? Jewish Expulsions and Weather Shocks from 1100 to 1800," MPRA Paper 44228, University Library of Munich, Germany.
    11. Yasin Arslantaş & Antoine Pietri & Mehrdad Vahabi, 2020. "State predation in historical perspective: the case of Ottoman müsadere practice during 1695–1839," Public Choice, Springer, vol. 182(3), pages 417-442, March.
    12. Tahoun, Ahmed, 2014. "The role of stock ownership by US members of Congress on the market for political favors," Journal of Financial Economics, Elsevier, vol. 111(1), pages 86-110.
    13. Edgar Kiser & Yoram Barzel, 1991. "The Origins of Democracy in England," Rationality and Society, , vol. 3(4), pages 396-422, October.

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