In States of Credit, David Stasavage explains why city-states were able to create long-term debt as early as the 13th century, whereas territorial states began to do so only in the 16th century. This research has major implications for our understanding of state formation and economic growth.
Small states, big credit? An interview with David Stasavage
NOVAK S
;
2012-01-01
Abstract
In States of Credit, David Stasavage explains why city-states were able to create long-term debt as early as the 13th century, whereas territorial states began to do so only in the 16th century. This research has major implications for our understanding of state formation and economic growth.
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