Princes and Merchants: European City Growth before the Industrial Revolution

  title={Princes and Merchants: European City Growth before the Industrial Revolution},
  author={J. Bradford de Long and Andrei Vasiliev Dmitry Shleifer},
  journal={The Journal of Law and Economics},
  pages={671 - 702}
As measured by the pace of city growth in western Europe from 1000 to 1800. absolutist monarchs stunted the growth of commerce and industry. A region ruled by an absolutist prince saw its total urban population shrink by one hundred thousand people per century relative to a region without absolutist government. This might be explained by higher rates of taxation under revenue-maximizing absolutist governments than under non-absolutist governments. which care more about general economic… Expand
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