Trade, Political Economy and Empires, or the Triad that Turned Us into Merchants

By Mattia Steardo Fernand Braudel famously argued that the economy was a tripartite system, in which capitalism was forming the upper layer, the world of rich merchants and bankers well-acquainted with political power. Hence, the central question related to the advent of modern economies was to understand how and when the “capitalist sector”, the one […]

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