IDEAS home Printed from https://ideas.repec.org/a/taf/defpea/v29y2018i3p335-351.html
   My bibliography  Save this article

War for profit: English corsairs, institutions and decentralised strategy

Author

Listed:
  • Nicholas Kyriazis
  • Theodore Metaxas
  • Emmanouil M. L. Economou

Abstract

In this study, 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 a case study, the use of corsairs (privateers) by England in the late sixteenth and early seventeenth centuries. We have found that the development of partnership companies went hand in hand for commercial and military purposes. English privateers proved to be economically efficient and superior to the centrally planned war operations of the Spanish empire.

Suggested Citation

  • Nicholas Kyriazis & Theodore Metaxas & Emmanouil M. L. Economou, 2018. "War for profit: English corsairs, institutions and decentralised strategy," Defence and Peace Economics, Taylor & Francis Journals, vol. 29(3), pages 335-351, April.
    • Handle: RePEc:taf:defpea:v:29:y:2018:i:3:p:335-351
    DOI: 10.1080/10242694.2015.1111601
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10242694.2015.1111601
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10242694.2015.1111601?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Andrews,Kenneth R., 1984. "Trade, Plunder and Settlement," Cambridge Books, Cambridge University Press, number 9780521276986, January.
    2. de Vries,Jan & van der Woude,Ad, 1997. "The First Modern Economy," Cambridge Books, Cambridge University Press, number 9780521570619, January.
    3. Leeson, Peter T. & Nowrasteh, Alex, 2011. "Was privateering plunder efficient?," Journal of Economic Behavior & Organization, Elsevier, vol. 79(3), pages 303-317, August.
    4. de Vries,Jan & van der Woude,Ad, 1997. "The First Modern Economy," Cambridge Books, Cambridge University Press, number 9780521578257, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Economou, Emmanouel/Marios/Lazaros & Kyriazis, Nicholas & Prassa, Annita, 2016. "The Greek merchant fleet as a national navy during the war of independence 1800-1830," MPRA Paper 76414, University Library of Munich, Germany.
    2. Economou, Emmanouel/Marios/Lazaros & Kyriazis, Nicholas, 2019. "The emergence of the joint-stock companies in the Dutch Republic and their democratic elements in business," MPRA Paper 91447, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Economou, Emmanouel/Marios/Lazaros & Kyriazis, Nicholas & Metaxas, Theodore, 2014. "Warfare at sea and profit: Corsairs, institutions and partnership companies," MPRA Paper 58985, University Library of Munich, Germany.
    2. Rose, Andrew, 2014. "The Bond Market: An Inflation-Targeter's Best Friend," CEPR Discussion Papers 10124, C.E.P.R. Discussion Papers.
    3. Gonçola Monteiro & Alvaro Pereira, 2006. "From Growth Spurts to Sustained Growth," Discussion Papers 06/24, Department of Economics, University of York.
    4. Studer, Roman, 2008. "India and the Great Divergence: Assessing the Efficiency of Grain Markets in Eighteenth- and Nineteenth-Century India," The Journal of Economic History, Cambridge University Press, vol. 68(2), pages 393-437, June.
    5. Wallis, Patrick, 2010. "Exotic drugs and English medicine: England’s drug trade, c.1550-c.1800," Economic History Working Papers 28577, London School of Economics and Political Science, Department of Economic History.
    6. Broadberry, Stephen & Ghosal, Sayantan & Proto, Eugenio, 2011. "Is Anonymity the Missing Link Between Commercial and Industrial Revolution?," The Warwick Economics Research Paper Series (TWERPS) 974, University of Warwick, Department of Economics.
    7. Broadberry Stephen, 2012. "Recent Developments in the Theory of Very Long Run Growth: A Historical Appraisal," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 53(1), pages 277-306, May.
    8. Zuijderduijn, Jaco, 2016. "The Ages of Women and Men : Life Cycles, Family and Investment in the Fifteenth-Century Low Countries," Lund Papers in Economic History 150, Lund University, Department of Economic History.
    9. Peter Foldvari & Bas van Leeuwen & Jan Luiten van Zanden, 2012. "The contribution of migration to economic development in Holland and the Netherlands 1510-1900," Working Papers 0025, Utrecht University, Centre for Global Economic History.
    10. Militiades N. Georgiou & Nicholas Kyriazis & Emmanouil M. L. Economou, 2015. "Democracy, Political Stability and Economic performance. A Panel Data Analysis," Journal of Risk & Control, Risk Market Journals, vol. 2(1), pages 1-18.
    11. Lionel Artige & Carmen Camacho & David De La Croix, 2004. "Wealth Breeds Decline: Reversals of Leadership and Consumption Habits," Journal of Economic Growth, Springer, vol. 9(4), pages 423-449, December.
    12. Ken Tabata, 2013. "The Expansion of the Commercial Sector and the Child Quantity-Quality Transition in a Malthusian World," Discussion Paper Series 105, School of Economics, Kwansei Gakuin University, revised May 2013.
    13. Mikolaj Malinowski, 2013. "East of Eden: Polish living standards in a European perspective, ca. 1500-1800," Working Papers 0043, Utrecht University, Centre for Global Economic History.
    14. Broadberry, Stephen & Ghosal, Sayantan & Proto, Eugenio, 2017. "Anonymity, efficiency wages and technological progress," Journal of Development Economics, Elsevier, vol. 127(C), pages 379-394.
    15. Acemoglu, Daron & Johnson, Simon & Robinson, James A., 2005. "Institutions as a Fundamental Cause of Long-Run Growth," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 6, pages 385-472, Elsevier.
    16. Mark Koyama, 2009. "The Price of Time and Labour Supply: From the Black Death to the Industrious Revolution," Oxford Economic and Social History Working Papers _078, University of Oxford, Department of Economics.
    17. Stringham, Edward, 2003. "The extralegal development of securities trading in seventeenth-century Amsterdam," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(2), pages 321-344.
    18. Epstein, Stephan R., 2005. "Transferring technical knowledge and innovating in Europe, c.1200-c.1800," Economic History Working Papers 22547, London School of Economics and Political Science, Department of Economic History.
    19. Kyriazis, Nicholas & Metaxas, Theodore, 2012. "War for Profit: Macroculture, Corsairs and partnership companies," MPRA Paper 40926, University Library of Munich, Germany.
    20. Oscar Gelderblom & Joost Jonker, 2013. "Early Capitalism in the Low Countries," Working Papers 0041, Utrecht University, Centre for Global Economic History.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:defpea:v:29:y:2018:i:3:p:335-351. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/GDPE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.