Cities in the World-system
This book constitutes an important addition to the literature on cities. By approaching cities from a large-scale and a long-term perspective, the contributors develop a historical explanation of some of the different patterns of development that affected particular cities in their interaction with the world-economy. This historical and holistic perspective represents an improvement over most of urban sociology, where cities or aspects of cities are studied in isolation from all contingent and contextual factors. This book can be used by scholars, graduate, and upper-division undergraduate students of urban history and sociology.
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31 Devaluation in such a setting also meant undervaluation , and as such was an essential part of a state fiscal policy designed to attract merchants to pay taxes in gold and accept payments from the state in silver ( which could then ...
The opportunities for deploying merchant capital , and the emergence of differentiated financial institutions as part of a ... The large merchants of London could not compete effectively with these low - cost , flexible operators .
Various paths to merchant banking were followed during the nineteenth century . ... inhibited foreign intermediaries from operating domestically by making foreign cloth merchants pay higher export duties on cloth than English merchants ...
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