The Political Economy of Warfare and Taxation in Early Modern Europe: Historical Lessons for Economic Development

Philip T. Hoffman

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Historical Economic and Social Studies Economic Theory and Institutions Culture, Economy, and Development Studies

Abstract

Douglass C. North has devoted much of his career to hunting the causes of long-term economic growth. Throughout his quest, he has urged economists to look beyond the usual sources of growth and exhorted them to pay particular attention to institutional change. Institutions, he argues, are not fixed and exogenous, and their variation is ultimately what explains why some economies remain mired in abject poverty while others manage to prosper.

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