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Distant TyrannyMarkets, Power, and Backwardness in Spain, 1650-1800$
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Regina Grafe

Print publication date: 2012

Print ISBN-13: 9780691144849

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691144849.001.0001

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PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 24 May 2022

Markets and States

Markets and States

(p.1) Chapter 1 Markets and States
Distant Tyranny

Regina Grafe

Princeton University Press

This chapter focuses on the dominant political economy models that try to explain the relation between markets and states in Europe's early modern economies. Placed into the context of Spanish history, some of the main assumptions of the model turn out to be highly problematic and in urgent need of revision. A lopsided focus on the state as predator has distracted economists and economic historians from trying to understand better how states became jurisdictionally and economically integrated units in the first place. The void has been filled by a number of poorly historicized references to concepts borrowed from historians and historical sociologists such as “absolutism” and “patrimonialism.” These concepts were supposed to delineate the development of European states from fragmented sovereignty to unified nation-states.

Keywords:   political economy, markets, states, Europe, Spanish history, absolutism, patrimonialism, nation-states

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