In 1832 Prince Otto Wittelsbach of Bavaria was appointed King of the newly founded independent Greek state. Otto’s reign was a momentous period for Greece, initially under Regency then under Otto as an absolute ruler and from 1843 as a constitutional monarch until his expulsion in 1862. Using the historical record the paper focuses on three political economy questions, namely, the rationale for the foundation of a state, which relates to the provision of public goods and rent distribution, the constitutional order of the state regarding the choice between monarchy or republic, and the emergence of democracy by revolution or evolution.
|Title of host publication||German-Greek Yearbook of Political Economy, Volume 1/2018|
|Place of Publication||Munich, Germany|
|Publication status||Published online - 29 Dec 2017|
- King Otto
- rent creation and rent seeking
- constitutional exchange