Power in Networks: The Medici

Power in Networks: The Medici

We use the Public Good (Power) Index and the Public Value to rank the marriages of business relations of 15 elite families in fifteenth century Florence—with a focus on the networks of the Medici and the taking of power by Cosimo de’ Medici. Theoretical analysis supports the outstanding position of...

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Bibliographic Details
Published in:Homo oeconomicus 2021-12, Vol.38 (1-4), p.59-75
Main Authors: Holler, Manfred J., Rupp, Florian
Format: Article
Language:eng
Subjects:
15th century
Autocracy
Behavioral/Experimental Economics
Decision making
Economics
Economics and Finance
Game Theory
History
Institutional/Evolutionary Economics
International Political Economy
Law and Economics
Marriage
Popes
Power
Public good
Research Paper
Social Choice/Welfare Economics/Public Choice/Political Economy
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Summary:We use the Public Good (Power) Index and the Public Value to rank the marriages of business relations of 15 elite families in fifteenth century Florence—with a focus on the networks of the Medici and the taking of power by Cosimo de’ Medici. Theoretical analysis supports the outstanding position of the Medici family and explains much of its historical success.
ISSN:0943-0180
2366-6161