Jump to ContentJump to Main Navigation
States, Debt, and Power'Saints' and 'Sinners' in European History and Integration$
Users without a subscription are not able to see the full content.

Kenneth Dyson

Print publication date: 2014

Print ISBN-13: 9780198714071

Published to Oxford Scholarship Online: August 2014

DOI: 10.1093/acprof:oso/9780198714071.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 12 December 2019

The Evolution of Public Debt

The Evolution of Public Debt

(p.99) 4 The Evolution of Public Debt
States, Debt, and Power

Kenneth Dyson

Oxford University Press

This chapter uses case studies from Ancient Greece and Rome and from early- and late-medieval Europe to examine the history of public debt and in particular of a rentier class. It analyses the push and pull factors that gave rise to the notion and practice of public debt, in particular the role of new technologies in making wider spatial control possible, institutional and professional innovations like the development of accountancy, changing social forces, and shifts in economic structures and cycles. The chapter provides a critique of dominant Anglo-centric narratives of the history of public debt, stressing the Dutch and North Italians as pace-setters. Particular attention is given to the role of continental European cities in pioneering annuity financing and its long-term legacy. The economy, war, and social connections emerge as key factors in conditioning debt financing.

Keywords:   history, public debt, city states, Ancient Greece, Ancient Rome, rentier, Anglo-centric narrative, war, social connections

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .