Why did the Price Revolution happen?
Shows causes on the record, then each account's causes side by side.
Not a single settled cause.
A connection is not evidence of wrongdoing.
Each account
A to Z, none ranked above another.
Named in 2 of the 2 accounts recorded here: American silver imports
According to Earl J. Hamilton
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American silver imports
led to
Scholarship & press
1
Hamilton's thesis, and the point disputed. Munro's view is on the entry for the Price Revolution.
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American silver imports
caused
Scholarship & press
1
Hamilton's thesis as Munro states it: chiefly, if not entirely, responsible for the inflation of much of the era, but principally only for about 1540 to 1600. Hamilton's price data are Spanish; Munro warns that many economic historians, himself included, have misread him on this.
According to John H. Munro
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American silver imports
caused
Scholarship & press
1
Munro's own view: a monetary explanation is held today by a minority, and none can be purely monetary.
Proof 1 source
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John Munro, review essay on Earl J. Hamilton, American Treasure and the Price Revolution in Spain, 1501-1650, in EH.Net Classic Reviews in Economic History, Economic History Association (EH.Net), Jan 2007.
Scholarship & press
in seeking to demonstrate that the influx of American silver was chiefly, if not entirely, responsible for the inflation of much of the Price Revolution era, from ca. 1520 to ca. 1650: but, principally only for the specific period of ca. 1540 to ca. 1600.
Hamilton and the Price Revolution: A Revindication of His Tarnished Reputation and of a Modified Quantity Theory
only a minority of us today espouse a basically monetary explanation for the European Price Revolution (ca. 1515/20-1650) — though no such explanation can be purely monetary.
How this answer is built
Lines on the record come first: sourced links that no one presents as their own account, each with its strongest source. Then every account recorded here gets its own column, A to Z, none ranked above another. A column quotes only that account's own words and shows the strength of its own sources. Disputed lines are listed apart, with the reason, and lines still being verified come last. Neither is counted. Withdrawn lines are never shown.
When a list is longer than the page shows, the links the public methodology ranks strongest stay (methodology 0.3), and the rest open in the explorer.
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