My history book claims that the flow of Silver from the New World to Spain in the 16th century contributed to an inflation. However, that seems very unintuitive. How could gaining resources lead to a ...
In his book "Debt: The first 5000 Years" David Graeber writes that during most of the middle ages and antiquity coins were seldom used in day-to-day dealings, at least of the more rural population. He ...
Has scholarship shown that persecuted religious minorities have tended to be financially successful?
In this interview with Neal Stephenson, talking about the historical basis for his Baroque Cycle series of novels, he makes the remark that ... persecuted religious minorities, if they’re not ...
Daron Acemoglu and James Robinson believe that a great deal about the economic, social, and political life of a country can be explained by the quality of political institutions, especially the degree ...