4
votes
3answers
151 views

How did an input of resources in 16th century Spain contribute to inflation?

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 ...
6
votes
1answer
119 views

Where can I find detailed accounts of cash-less payment in medevial and ancient times?

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 ...
6
votes
6answers
271 views

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 ...
2
votes
1answer
118 views

Reception of Acemoglu-Robinson 'extractive institutions' thesis?

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 ...