1st Edition
World Silver and Monetary History in the 16th and 17th Centuries
By Dennis O. Flynn
Copyright 1996
336 Pages
by
Routledge
336 Pages
by
Routledge
Also available as eBook on:
This collection reflects the evolution of a revisionist argument. The price revolution was indeed a monetary phenomenon, but Professor Flynn's position is not based upon mainstream monetary theory. Silver mines financed the Spanish Empire and Japan's consolidation. Ming China was the world's primary silver customer; Europeans acted as middlemen globally, including massive trade over the Pacific... Read more
Contents: Introduction; A new perspective on the Spanish price revolution: the monetary approach to the balance of payments; Gresham's Law and the modern theory of the demand for money; The 'population thesis' view of inflation versus economics and history; Use and misuse of the quantity theory of money in early modern historiography; A microeconomic quantity theory of money and the price revolution; Final remarks on the Keio University conference on monetary history; A model of minting and melting of coins; Spanish-American silver and world markets in the 16th century; Fiscal crisis and the decline of Spain (Castile); Social returns to empire: a note; Early capitalism despite New World bullion: an anti-Wallerstein interpretation of imperial Spain; The microeconomics of silver and east-west trade in the early modern period; Review of ’Spenders and Hoarders: The World Distribution of Spanish-American silver, 1550-1750’; Comparing the Tokugawa Shogunate with Hapsburg Spain: two silver-based empires in a global setting; China and the Manila galleons; Index.
Biography
Dennis O. Flynn
