States of Credit: Size, Power, and the Development of European Polities

David Stasavage explores the intricate relationship between state power and financial systems in "States of Credit." The book delves into how credit and fiscal arrangements have shaped the modern polity, particularly in European contexts. It offers a thorough analysis of how representative institutions emerged in tandem with the expansion of credit, shedding light on the historical evolution of political authority and economic capacity.

Stasavage argues that the development of credit systems was not merely a financial transformation but a fundamental shift that redefined state dynamics. By examining various European polities, he illustrates the interconnectedness of economic resources and political influence, providing insights into how states mobilized credit to enhance their power and legitimacy.

The narrative weaves together historical case studies and theoretical frameworks, offering readers a nuanced understanding of the evolution of governance in Europe. Stasavage's work prompts reflections on current political and economic structures, making it relevant for scholars of history, political science, and economics alike.