Early Economic Thought In Spain 1177-1740

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Description

Early Economic Thought in Spain was published in 1978, and in her Foreword the writer mentions that the discussion of long-term inflation in Spain from the sixteenth to the eighteenth centuries ought to be of interest since “we are living in a time of inflation”. The book may also be read as a history of Spanish responses to the decline of empire. At various points the writer indicates that her study may also be understood as a supplement to Joseph Schumpeter’s History of Economic Analysis (1954).
 
The chief contribution of this book is a review and summary of the development of economic thinking from the earliest days until about 1740 in one of the important countries of Europe. Despite, or maybe because, Spain was once in decline much of the last two centuries of this period, we are provided, as it were, with a ring-side seat for watching intellectuals come to terms with the forces at the back of such decline. Some of it, such as inflation, debt-financing, military over-extension, mercantilist protectionism, the preference of elites for their own economic benefit at the expense of the state, and more, will be familiar to readers who are acquainted with the economic history of the last hundred years. If the distant mirror of history can help us keep away from repeating the mistakes of the past, here is one place to find it.
 
This book is dedicated to the memory of Leonard Liggio (1933–2014).

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