IDEAS home Printed from https://ideas.repec.org/p/cte/whrepe/wp09-03.html
   My bibliography  Save this paper

Paying for the liberal state : the rise of public finance in nineteenth century Europe

Author

Listed:
  • Cardoso, José Luís
  • Lains, Pedro

Abstract

Public finance is a major feature of the development of modern European societies, and it is at the heart of the definition of the nature of political regimes. Public finance is also a most relevant issue in the understanding of the constraints and possibilities of economic development. This paper is about the rise and development of taxation systems, expenditure programs, and dept regimes in Europe from the early nineteenth century to the beginning of World War I. Its main purpose is to describe and explain the process by which financial resources were raised and managed. We analyse nine countries or empires that are considered highly representative of the widest European experience on the matter and discuss whether there are any common patterns in the way the different European states responded to the need for raising additional resources to pay for the new tasks they were performing

Suggested Citation

  • Cardoso, José Luís & Lains, Pedro, 2009. "Paying for the liberal state : the rise of public finance in nineteenth century Europe," IFCS - Working Papers in Economic History.WH wp09-03, Universidad Carlos III de Madrid. Instituto Figuerola.
    • Handle: RePEc:cte:whrepe:wp09-03
    as

    Download full text from publisher

    File URL: https://e-archivo.uc3m.es/bitstream/handle/10016/4452/wh0903.pdf?sequence=1
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Timothy J. Hatton & Kevin H. O'Rourke & Alan M. Taylor (ed.), 2007. "The New Comparative Economic History: Essays in Honor of Jeffrey G. Williamson," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262083612, December.
    2. Jürgen G. Backhaus & Richard E. Wagner, 2005. "From Continental Public Finance to Public Choice: Mapping Continuity," History of Political Economy, Duke University Press, vol. 37(5), pages 314-332, Supplemen.
    3. Bordo,Michael D. & Cortés-Conde,Roberto (ed.), 2001. "Transferring Wealth and Power from the Old to the New World," Cambridge Books, Cambridge University Press, number 9780521773058.
    4. Barry Baysinger & Robert Tollison, 1980. "Chaining Leviathan: the Case of Gladstonian Finance," History of Political Economy, Duke University Press, vol. 12(2), pages 206-213, Summer.
    5. Charles G. Leathers, 1986. "Gladstonian Finance and the Virginia School of Public Finance: Comment," History of Political Economy, Duke University Press, vol. 18(3), pages 515-521, Fall.
    6. Richard E. Wagner, 2007. "Fiscal Sociology and the Theory of Public Finance," Books, Edward Elgar Publishing, number 12713.
    7. Cheryl Schonhardt-Bailey, 2006. "From the Corn Laws to Free Trade: Interests, Ideas, and Institutions in Historical Perspective," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262195437, December.
    8. James M. Buchanan & Richard A. Musgrave, 1999. "Public Finance and Public Choice: Two Contrasting Visions of the State," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262024624, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Karaman, K. Kıvanç & Pamuk, Şevket & Yıldırım-Karaman, Seçil, 2020. "Money and monetary stability in Europe, 1300–1914," Journal of Monetary Economics, Elsevier, vol. 115(C), pages 279-300.
    2. Jorge Martinez-Vazquez & Richard M. Bird, 2014. "Sustainable development requires a good tax system," Chapters, in: Richard M. Bird & Jorge Martinez-Vazquez (ed.), Taxation and Development: The Weakest Link?, chapter 1, pages 1-24, Edward Elgar Publishing.
    3. Giorgio Brosio, 2018. "Coercion and equity with centralization of government: how the unification of Italy impacted the southern regions," Public Choice, Springer, vol. 177(3), pages 235-264, December.
    4. Cristián Ducoing & José Peres-Cajías & Marc Badia-Miró & Ann-Kristin Bergquist & Carlos Contreras & Kristin Ranestad & Sara Torregrosa, 2018. "Natural Resources Curse in the Long Run? Bolivia, Chile and Peru in the Nordic Countries’ Mirror," Sustainability, MDPI, vol. 10(4), pages 1-25, March.
    5. Patrick K. O'Brien & Nuno Palma, 2023. "Not an ordinary bank but a great engine of state: The Bank of England and the British economy, 1694–1844," Economic History Review, Economic History Society, vol. 76(1), pages 305-329, February.
    6. Ane Karoline Bak & Matilde Jeppesen & Anne Mette Kjær, 2021. "Fiscal states in sub-Saharan Africa: conceptualization and empirical trends," WIDER Working Paper Series wp-2021-182, World Institute for Development Economic Research (UNU-WIDER).
    7. Sara Torregrosa Hetland, 2015. "Did democracy bring redistribution? Insights from the Spanish tax system, 1960–90," European Review of Economic History, European Historical Economics Society, vol. 19(3), pages 294-315.
    8. Mr. Timothy C Irwin, 2013. "Shining a Light on the Mysteries of State: The Origins of Fiscal Transparency in Western Europe," IMF Working Papers 2013/219, International Monetary Fund.
    9. Sergey Zhavoronkov & Konstantin Yanovskiy & Kirill Rodionov, 2015. "Political Factors of the Cuts and Surges in Government Spending: The Effects on Old Market Democracies and Post-Communist Countries," Working Papers 146, Gaidar Institute for Economic Policy, revised 2015.
    10. Richard M. Bird, 2018. "Are global taxes feasible?," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 25(5), pages 1372-1400, October.
    11. Javier San-Julián-Arrupe, 2011. "Economic ideas and redistributive policy in the Spanish parliament: the 1900 debate on fiscal progressivity," Documentos de Trabajo (DT-AEHE) 1102, Asociación Española de Historia Económica.
    12. Comín, Francisco, 2012. "Default, rescheduling and inflation: public debt crises in Spain during the 19th and 20th centuries," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 30(3), pages 353-390, December.
    13. Hantke, Max & Spoerer, Mark, 2010. "The imposed gift of Versailles: the fiscal effects of restricting the size of Germany’s armed forces, 1924–1929," MPRA Paper 20054, University Library of Munich, Germany.
    14. Patrik Winton, 2016. "The political economy of strategic default: Sweden and the international capital markets, 1810–1830," European Review of Economic History, European Historical Economics Society, vol. 20(4), pages 410-428.
    15. Comín, Francisco, 2012. "Default, rescheduling and inflation : debt crisis in Spain during the 19th and 20th centuries," IFCS - Working Papers in Economic History.WH wp12-06, Universidad Carlos III de Madrid. Instituto Figuerola.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Toke Aidt & Stanley L. Winer & Peng Zhang, 2020. "Franchise Extension and Fiscal Structure in the United Kingdom 1820-1913: A New Test of the Redistribution Hypothesis," CESifo Working Paper Series 8114, CESifo.
    2. Richard Wagner, 2013. "What kind of state in our future? Fact and Conjecture in Vito Tanzi’s Government versus Markets," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(1), pages 93-104, March.
    3. Giuseppe Dallera, 2013. "La "scuola" italiana di scienza delle finanze," Moneta e Credito, Economia civile, vol. 66(261), pages 43-91.
    4. Javier San Julian Arrupe (Universitat de Barcelona), 2012. "Economic ideas and tax policy: The introduction of progressivity in tax systems in Western Europe. The cases of France and Spain," Working Papers in Economics 285, Universitat de Barcelona. Espai de Recerca en Economia.
    5. Cornelius Hirsch & Harald Oberhofer, 2017. "Bilateral Trade Agreements and Trade Distortions in Agricultural Markets," FIW Working Paper series 176, FIW.
    6. Xuepeng Liu & Emanuel Ornelas, 2014. "Free Trade Agreements and the Consolidation of Democracy," American Economic Journal: Macroeconomics, American Economic Association, vol. 6(2), pages 29-70, April.
    7. Marek Wigier, 2015. "Results of Support for Agriculture during the CAP Implementation in Poland," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 134-144, March.
    8. David Bholat & Stephen Hans & Pedro Santos & Cheryl Schonhardt-Bailey, 2015. "Text mining for central banks," Handbooks, Centre for Central Banking Studies, Bank of England, number 33, April.
    9. Leandro Prados de la Escosura, 2012. "Output Per Head In Pre-Independence Africa: Quantitative Conjectures," Economic History of Developing Regions, Taylor & Francis Journals, vol. 27(2), pages 1-36, December.
    10. Condorelli, Stefano, 2014. "The 1719-20 stock euphoria: a pan-European perspective," MPRA Paper 68652, University Library of Munich, Germany, revised Dec 2015.
    11. Christoph March & Ina Schieferdecker, 2021. "Technological Sovereignty as Ability, Not Autarky," CESifo Working Paper Series 9139, CESifo.
    12. Tirthankar Roy, 2012. "Consumption Of Cotton Cloth In India, 1795–1940," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 52(1), pages 61-84, March.
    13. Jeremy Horpedahl, 2012. "Adrian Vermeule: The system of the constitution," Public Choice, Springer, vol. 153(3), pages 507-509, December.
    14. Christian Jaramillo, 2009. "Research and Development in Culture: A Case for Cross Subsidies in the Arts," Documentos CEDE 5346, Universidad de los Andes, Facultad de Economía, CEDE.
    15. Pierre Salmon, 2001. "Constitutional Implications of Electoral Assumptions," Constitutional Political Economy, Springer, vol. 12(4), pages 333-349, December.
    16. Timothy J Hatton & Zachary Ward, 2018. "International Migration in the Atlantic Economy 1850 - 1940," CEH Discussion Papers 02, Centre for Economic History, Research School of Economics, Australian National University.
    17. David J. Hebert, 2017. "Pascal Salin, competition, coordination and diversity: From the firm to economic integration," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(1), pages 143-146, March.
    18. J. Ronnie Davis, 2020. "History of a Journal: Public Finance Quarterly to Public Finance Review," Public Finance Review, , vol. 48(3), pages 285-302, May.
    19. Farole, Thomas & Moberg, Lotta, 2014. "It worked in China, so why not in Africa? The political economy challenge of Special Economic Zones," WIDER Working Paper Series 152, World Institute for Development Economic Research (UNU-WIDER).
    20. Jaelani, Aan, 2017. "Manajemen pengeluaran publik di Indonesia: Tinjauan ekonomi Islam pada APBN 2017 [Public expenditure management in Indonesia: Islamic economic review on state budget 2017]," MPRA Paper 77423, University Library of Munich, Germany, revised 07 Mar 2017.

    More about this item

    Keywords

    Nineteenth Century Europe;

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cte:whrepe:wp09-03. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ana Poveda (email available below). General contact details of provider: http://portal.uc3m.es/portal/page/portal/instituto_figuerola .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.