Implications for State Formation and Development
Implications for State Formation and Development
This concluding chapter recaps on what the book has investigated: the development of a representative form of government and the establishment of a system of public credit in Europe. It has also explored the constraining effects of representative assemblies and the idea that geographic scale hindered the ability to sustain an intensive form of political representation. The chapter examines the implications of the book's findings for three broad debates concerning the role of war in the process of state formation, the possibility of using institutional change to solve commitment problems, and the sources of early modern growth. In particular, it considers the political determinants of economic development within European city-states. The chapter suggests that the same political conditions that were key to the early success of the so-called “states of credit” may have also ultimately set them on a path toward economic decline.
Keywords: public credit, Europe, representative assemblies, geographic scale, political representation, war, state formation, commitment problems, economic development, city-states
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