Abstract
Abstract In recent years the broad lines of development of the seventeenth-century European economy have attracted much attention. In general it is assumed that the European economy passed through a severe crisis some time between the end of the sixteenth century and the second quarter of the eighteenth century, but the chronology and nature of this crisis has remained undecided to an extent which makes it questionable whether the concept of a ‘seventeenth- century crisis’ is useful at all.
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