Economic growth

The bloodstained origins of the Italian Renaissance

War – huh – what is it good for? According to Duncan Weldon, throughout most of history it’s been fantastic for economic growth and development and has perhaps fuelled technological innovation and more. Blood and Treasure is a delightfully quirky approach to military history. Colonial Spain was thought to be cursed by the gold brought home from its colonies in the New World, since the crown somehow bankrupted itself multiple times during this period, despite the riches. Weldon contends that since the gold meant that Spain’s monarchs did not need to approach parliament for money, it left them untethered from their economies and constraints. He also offers an alternative theory