The Economic History Review
Response to ‘Duplications’ by Drelichman and Voth
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In this response, we demonstrate that Mauricio Drelichman and Hans-Joachim Voth, in their 2015 Economic History Review note ‘Duplication without constraints: Alvarez-Nogal and Chamley’s analysis of debt policy under Philip II’, provide a misconceived and inaccurate account of our argument about the finances of Philip II in ‘Debt policy under constraints: Philip II, the Cortes, and Genoese bankers’ (Economic History Review, 2014). Here, we summarize our position in the context of the current literature and provide a few comments on data gathering.
