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The Economic Decline of Empires (Hardcover)
Loot Price: R4,692
Discovery Miles 46 920
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The Economic Decline of Empires (Hardcover)
Series: Economic History
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The question of why empires decline and fall has attracted the
attention of historians for centuries, but remains fundamentally
unsolved. This unique collection is concerned with the purely
economic aspects of decline. It can be observed of empires in the
process of decline that their economies are generally faltering.
Here the similarities in different cases of economic decline are
identified, bearing in mind that individual histories are
characterized by important elements of originality.
In his introduction, Professor Cipolla points out that improvements
in standards of living brought about by a rising economy lead to
more and more people demanding to share the benefits. Incomes
increase and extravagances develop, as new needs begin to replace
those which have been satisfied. Prosperity spreads to neighbouring
countries, which may become a threat and force the empire into
greater military expenditure. For these and other reasons, public
consumption in mature empires has a tendency to rise sharply
andoutstrip productivity and, in general, empires seem to resist
change.
The ten articles in this collection, first published in 1970,
examine separate cases of economic decline, from Rome and Byzantium
to the more recent histories of the Dutch and Chinese empires, and
demonstrate both the resemblances and the peculiarly individual
characteristics of each case.
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