Hospitalitas: Barbarian Settlements and Constitutional Foundations of Medieval Europe
A. T. Young (2017), 'Hospitalitas: Barbarian Settlements and Constitutional Foundations of Medieval Europe', Journal of Institutional Economics, forthcoming.
20 Pages Posted: 16 Oct 2015 Last revised: 14 Jul 2017
Date Written: July 11, 2017
Abstract
A rough balance of political power between monarchs and a militarized landed aristocracy characterized medieval Western Europe. Scholars have argued that this balance of power contributed to a tradition of limited government and constitutional bargaining. I argue that fifth and sixth century barbarian settlements created foundations for this balance of power. The settlements provided barbarians with allotments of lands or taxes due from the lands. The allotments served to align the incentives of barbarian warriors and Roman landowners, and realign the incentives of barbarian warriors and their leadership elite. Barbarian military forces became decentralized and the warriors became political powerful shareholders of the realm.
Keywords: constitutional political economy, polycentric sovereignty, shareholder states, collective action problems, governance institutions, state emergence
JEL Classification: H10, P16, P48, N40, N43
Suggested Citation: Suggested Citation