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Politics, Popery, and Property: A Comment on North and Weingast

Published online by Cambridge University Press:  03 March 2009

Bruce G. Carruthers
Bruce G. Carruthers
Affiliation:
Assistant Professor of Sociology, Northwestern University, 1810 Chicago Avenue, Evanston, IL 60208.
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Abstract

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Type
Notes and Discussion
Information
The Journal of Economic History , Volume 50 , Issue 3 , September 1990 , pp. 693 - 698
Copyright
Copyright © The Economic History Association 1990

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References

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2 Ibid., p. 803.

3 Ibid., p. 819.

4 Ibid., pp. 809–12.

5 Ibid., pp. 816, 829.

6 See Shaw, W. A., ed., Calender of Treasury Books (London, 1908), vol. 3, p. xlviii.Google Scholar

7 The connection of the Stop with the Third Dutch War is consistent with North and Weingast's point that wars raise the discount rate of rulers and make repudiations of sovereign debt more likely.Google Scholar

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9 The terms of the letters patent allowed the goldsmith-bankers the option of assigning a portion of the interest payments they received directly to their own creditors, most of whom were former depositors.Google Scholar

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13 The Court of Exchequer had jurisdiction over cases involving Crown revenue. A monstrans de droit was a fourteenth-century offshoot of the petition of right. For some situations it provided an alternative remedy against the Crown. See Holdsworth, A History, p. 25.Google Scholar

14 Ibid., p. 33.

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30 Ibid., pp. 10–11.

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