Power in Networks: The Medici

Manfred J. Holler () and Florian Rupp ()
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Manfred J. Holler: University of Hamburg, and CCR-Munich
Florian Rupp: Kutaisi International University, Technical University Munich, and CCR-Munich

Homo Oeconomicus: Journal of Behavioral and Institutional Economics, 2021, vol. 38, issue 1, No 6, 59-75

Abstract: Abstract 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.

Keywords: Medici; Cosimo de’ Medici; Machiavelli; Marriage network; Business network; Marriage-business network; Power index analysis; Public Good Index; Public Value; Network rigidity; Social embeddedness; Robust action (search for similar items in EconPapers)
JEL-codes: D03 D63 D74 D91 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s41412-021-00108-1

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