The encomienda and the optimizing imperialist: an interpretation of Spanish imperialism in the Americas

  title={The encomienda and the optimizing imperialist: an interpretation of Spanish imperialism in the Americas},
  author={Ronald W. Batchelder and Nicol{\'a}s S{\'a}nchez},
  journal={Public Choice},
During the conquest and early administration of Spain’s American colonies the most controversial policy was the granting of temporary encomiendas, or temporary rights to collect tribute from Indians, as a reward for conquest. The contribution of the encomienda to the destruction of Indian populations was recognized by Spanish authorities at the time, yet the Crown persisted in introducing the most destructive form of the institution during the early stage of each colonial venture for over 200… 

Productive Specialization, Peaceful Cooperation, and the Problem of the Predatory State: Lessons From Comparative Historical Political Economy

This paper reconceptualizes and unbundles the relationship between public predation, state capacity, and economic development from a constitutional perspective. By reframing our understanding of

Productive specialization, peaceful cooperation and the problem of the predatory state: lessons from comparative historical political economy

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Usury Enforcement as an Alternative to Capital Taxation in Pre-Modern States

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The School of Salamanca often is identified as the first economic tradition in the history of the “dismal science”. Its members anticipated principles later developed by the likes of Adam Smith and

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Encomienda and Hacienda: The Evolution of the Great Estate in the Spanish Indies

W1 EHAT THE SPANISH COLONIAL PERIOD added to pre-Columbian America can be described briefly as the contents of two complementary master institutions, the Spanish city and the great estate. Historians

The Spanish Seaborne Empire

The Spanish empire in America was the first of the great seaborne empires of western Europe; it was for long the richest and the most formidable, the focus of envy, fear, and hatred. Its haphazard

Encomienda, Hacienda and Corregimiento in Spanish America: A Structural Analysis

OANE OF THE MORE puzzling problems in the history of Spanish America is that of the relationship between the encomienda and the hacienda. This question has recently been re-examined in a suggestive

The Black Legend Revisited: Assumptions and Realities

T HE TERM "BLACK LEGEND" has long existed in the lexicon of Latin American history. Despite its wide acceptance and use, however, it rests on premises whose validity has never been seriously

A Modest Proposal for a Moratorium on Grand Generalizations: Some Thoughts on the Black Legend

)Black Legend illustrates how almost inexhaustibly the colonial period provides challenging controversies that lead us to re-examine basic views on the history of Spain in America.' Though this is

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Two alternative theories, each generating a "national defense argument" for protectionism, are developed and tested. The theory surviving the tests states that wartime price controls imply an

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Contrary to traditional models of national expenditures and taxation, national defense is not a consumer or a producer good. Rather it is a good produced to protect the ownership of other goods from

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Uncertainty, Evolution, and Economic Theory

  • A. Alchian
  • Economics
    Journal of Political Economy
  • 1950
A modification of economic analysis to incorporate incomplete information and uncertain foresight as axioms is suggested here. This approach dispenses with “profit maximization”; and it does not rely


the existing theory by establishing the economic significance of the partial relative risk aversion function. Let u(t) be a utility function for wealth. The functions A(t) = -u"(t)/u'(t) and R(t)