Imperial decline?: Judis on K.Phillips

[Michael Perelman]

I believe that Europe mostly got lumber and food from the Baltic, which
included Poland at the time.  Holland had the expertise to manage the
finance and transport.  They had very light and very fast ships and the
most advanced banking system in the world.

England copied their finance, defeated their navy, and became the
superpower of the day.  Certainly someone else here knows more about this
than I do.

On Thu, May 16, 2002 at 10:55:06AM -0400, Chris Beggy  wrote:
> Michael Perelman <michael at ecst.csuchico.edu> writes:
> 
> > Holland prospered, in part, because it had a monopoly of knowledge about the Baltic trade.  Over time,
> > this knowledge became less exclusive.  Most economic historians I have read take that line.
> 
> Hmm, interesting. What were characteristic goods, transport, and
> financing for the Baltic trade?
> 
> Chris

-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu