Kyriazis, Nicholas and Metaxas, Theodore (2012): War for Profit: Macroculture, Corsairs and partnership companies.
Download (305kB) | Preview
In the present paper we propose that in states with relatively weak central authorities, decision makers had to develop market oriented organisation solutions to successfully face a grave external threat, and these solutions proved to be efficient. Using an interdisciplinary approach that combines institutional theory, history and strategy, we analyse the concept of macroculture and then a case study, the use of corsairs (privateers) by England and the United Provinces (Dutch Republic) in the late 16th and early 17th centuries. We also propose that the development of partnership companies went hand in hand for commercial and military purposes. Lastly, we suggest that a market led decentralised type of war as practiced by English and Dutch privateers proved to be economically efficient and superior to the centrally planed war operations of the Spanish empire.
|Item Type:||MPRA Paper|
|Original Title:||War for Profit: Macroculture, Corsairs and partnership companies|
|Keywords:||Path dependence and change, institutions, partnership companies, corsairs, 16th-17th century England and United Provinces (Dutch Republic)|
|Subjects:||N - Economic History > N2 - Financial Markets and Institutions > N23 - Europe: Pre-1913
H - Public Economics > H7 - State and Local Government; Intergovernmental Relations
N - Economic History > N4 - Government, War, Law, International Relations, and Regulation > N43 - Europe: Pre-1913
P - Economic Systems > P1 - Capitalist Systems > P16 - Political Economy
|Depositing User:||THEODORE METAXAS|
|Date Deposited:||30. Aug 2012 08:47|
|Last Modified:||13. Feb 2013 08:04|
Abrahanson, E., and Fombran, C.J. (1994) Macrocultures: Determinants and Consequences. Academy of Management Review, 19: 728-755.
Abrahanson, E., and Fombran, C.J. (1992) Forging the iron cage: Interorganisational networks and the production of macro-culture. Journal of Management Studies, 29: 175-194.
Akerlof, G., and Schiller, R.J. (2009) Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism. Princeton University Press, Princeton.
Andrewes, K.R. (1984) Trade, Plunder and Settlement: Maritime Enterprise and the Genesis of the British Empire 1480-1630. Cambridge UP.
Andrews, K.R. (1964) Elizabethan Privateering. Cambridge UP.
Arthur, B.W. (1989) Competing Technologies, Increasing Returns and Lock-in by Historical Events. Economic Journal, 99: 116-131.
Boxer, C.R (1965). The Dutch Seaborne Empire, 1600-1800. Hutchinson.
Bradford, E. (1965) Drake. Hodder and Stoughton.
Cooper, J.P. (1970) ‘Sea Power”, in the New Cambridge Modern History, Vol. IV. In The Decline of Spain and the Thirty Years War. Cambridge UP, Chapter 5, pp. 226-238.
Craig, J. (1953) The Mint. Cambridge UP.
David, P.A. (1985) Clio and the economics of Qwerty. American Economic Review, 75(2): 332-337.
David, P.A. (1994) Why are Institutions the carriers of history? Path dependence and the evolution of conventions, organisations and institutions. Structural Change and Economic Dynamics, 5(2):205-220.
Davids, K., and M.t’Hart (forthcoming). The navy and the rise of the state: The case of the Netherlands c. 1570-1810. In J. Backhaus, N. Kyriazis and N. Rodger, (eds). Navies and State Formation. Lang Verlag. 33
Davies, C.S.L.(1963) Supply Services of the English Armed Forces. Ph.D. Thesis Oxford University.
De Vries, J., and van der Woude, A. (1997) The First Modern Economy. Cambridge University Press.
Frier, B.W., and Kehoe, P. (2007) Law and Economics. In Eds. W. Scheidel, I. Morris and R. Saller. The Cambridge Economic History of the Greco-Roman World Ch. 5 pp. 113-143, Cambridge UP.
Gaastra, F.S.(2003) The Dutch East India Company. Walburg Press.
Gillingham, J. (1981) The Wars of the Roses. Weidenfeld and Nicholson.
Goldsmith, R.W. (1987) Pre-modern Financial Systems. Cambridge UP.
Goldsmith, R.W. (1983) The Financial Development in India, 1860–1977. New Delhi: Oxford University Press.
Gravett, C. (1999) Bosworth 1485. Osprey Campaign Series, 66.
Growley, R. (2008) Empires of the Sea. Faber and Faber.
Halkos, G., and Kyriazis, N. A (2005) Naval Revolution and Institutional Change: The Case of the United Provinces. European Journal of Law and Economics, 19: 41-68.
Israel, J.I. (1995) The Dutch Republic: Its rise, greatness and fall, 1477-1806. Oxford, Clarendon Press.
Jones, C., W. Hesterly and S. Borgatti (1997), A General Theory of Network Governance; Exchange Conditions and Social Mechanisms, Academy of Management Review, 22(4): 911-945
Kendall, P.M. (1973) Warwick the Kingmaker. Cardinal-Sphere Books.
Kennedy, P. (1988) The Rise and Fall of the Great Powers. Unwin-Hyman.
Konstam, A. (2000) Elizabethan Sea Dogs 1560-1605. Osprey Elite 70.
Konstam A. (2001) The Armada Campaign. Osprey Campaign 86.
Kyriazis N. (2006) Seapower and socio-economic change. Theory and Society, 35:71-108.
Kyriazis, N., and Zouboulakis, M. (2003) The Economics of Sea Power: Property Rights Arrangements and Institutional Change in Elizabethan England. Economic and Social Sciences Tribune, 37: 77-96.
Kyriazis, N., and Metaxas, T. (2010) Bounded Rationality and Institutional Change. Evolutionary and Institutional Economics Review, 7(1):1-19.
Kyriazis, N., and Metaxas, T. (2011) Path Dependence and Change and the Emergence of the First Joint-Stock Companies. Business History, 53(3):363-374
Loo, I. van. (1998) For freedom and fortune: The rise of Dutch privateering in the first half of the Dutch Revolt, 1568-1609. In M. van der Hoeven (eds) Exercise of arms. Warfare in the Netherlands 1568-1648, Leyden-Brill, pp. 173-196.
North, D.(1981) Structure and Change in Economic History. W.W. Norton & Co.
Palliser, D.M. (1983) The Era of Elizabeth. Longmans Publishers.
Parker, G. (1977) The Dutch Revolt. Penguin.
Rodger, N. (2004) The Command of the Ocean. Penguin-Allen-Lane.
Rodger, N. A.M. (1997) The Safeguard of the Sea. Harper Collins.
Simon, H. (1982) Models of Bounded Rationality. vols. 1 and 2, MIT Press.
Simon, H. (1991) Bounded Rationality and Organisational Learning. Organization Science, 2(1):125-134.
Spear, P. (1965) A history of India. Vol. 2, Pelican Original.
t’Hart, M. (1966) The Making of a Bourgeois State: War, Politics and Finance during the Dutch Revolt. Manchester UP.
Tincey, J. (1988) The Armada Campaign. Osprey Elite 15. Vergé-Franceschi M. (1998) Henri le Navigateur. Editions du Félin.
Available Versions of this Item
- War for Profit: Macroculture, Corsairs and partnership companies. (deposited 30. Aug 2012 08:47) [Currently Displayed]