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Convergence of public and private agendas in the shaping of the early modern Hispanic monarchy : an economic-based approach
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1698-6989
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Investigaciones de historia económica, 2020, Vol. 16, No. 3, pp. 1-12
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SANCHEZ CAMACHO, Alberto, Convergence of public and private agendas in the shaping of the early modern Hispanic monarchy : an economic-based approach, Investigaciones de historia económica, 2020, Vol. 16, No. 3, pp. 1-12 - https://hdl.handle.net/1814/69680
Abstract
This article reviews the state-building process in the Hispanic Monarchy during the mid-sixteenth century through the analysis of the relationship between Genoese high-rank financiers and Castilian private entrepre-neurs in the international market of wool. The article argues that these two social groups were state builders as they played a key role in the state formation after the first debt consolidation of Philip II in 1557. The out-comes of the research demonstrate that non-state actors organised as informal institutions could perform better in the state-building process than formal institutions in large polities. This work thus complements the recent literature about the decentralisation of effective power in early modern states.
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First published online: 16 September 2020