World Silver and Monetary History in the 16th and 17th Centuries is popular PDF and ePub book, written by Dennis O. Flynn in 2024-10-28, it is a fantastic choice for those who relish reading online the History genre. Let's immerse ourselves in this engaging History book by exploring the summary and details provided below. Remember, World Silver and Monetary History in the 16th and 17th Centuries can be Read Online from any device for your convenience.
World Silver and Monetary History in the 16th and 17th Centuries Book PDF Summary
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 via Manila. American mines nearly led to the destruction of nascent capitalism in Europe (reverse of arguments by Hamilton, Keynes, Wallerstein and others). Silver-market disequilibrium caused silver's gravitation toward China; bullion did not flow to Asia due to European trade deficits. Such conclusions stem from application of the Doherty-Flynn model developed in the mid-1980s. Economic theory is normally applied to economic history; in contrast, development of the Doherty-Flynn model was a response to inadequate conventional theory. Theory emerged from history; its application back to history yields startling historical reinterpretations.
Detail Book of World Silver and Monetary History in the 16th and 17th Centuries PDF
- Author : Dennis O. Flynn
- Release : 28 October 2024
- Publisher : Taylor & Francis
- ISBN : 9781040231388
- Genre : History
- Total Page : 337 pages
- Language : English
- PDF File Size : 10,9 Mb
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