Historically, Spain has often been represented as a financial failure, a state limited by its absolutist monarchy and doomed to fiscal and financial failure without hope of lasting growth. The collapse of the Spanish state at the beginning of the nineteenth century would seem to bear out this view of the limitations of Spain's absolutist state, and this historical school of thought presents the eighteenth century as the last episode in a long history of decline that is directly linked to the failure of the sixteenth-century Spanish imperial absolutist monarchy. This study provides a different perspective, suggesting that in fact during the eighteenth century, Spain's fiscal-military state was reconstructed and grew. It shows how the development of the Spanish fiscal-military state was based on different growth factors to those of the sixteenth and seventeenth centuries; and that with this change, most of the state's structure and its relationship with élites and taxpayers altered irrevocably. In the ceaseless search for solutions, the Spanish state applied a wide range of financial and fiscal policies to expand its empire. The research in this book is inspired by current historical discussions, and provides a new perspective on the historical debate that often compares English 'success' with continental 'failure'.

Autorentext
Rafael Torres Sánchez (1962) is Professor of History at the Universidad de Navarra, Spain. His main study area is eighteenth-century Spanish warfare and its interconnection with the development of the state and its economy.

He is the author of El precio de la guerra: El estado fiscal-militar de Carlos III, 1779-1783, Marcial Pons, Madrid (2013); La llave de todos los tesoros: La Tesorería General de Carlos III, Silex, Madrid (2012); and also collaborated with Stephen Conway on an edition of The Spending of the States: Military Expenditure during the Long Eighteenth Century: Patterns, Organisation and Consequences, 1650-1815, VDM (2011). His work also includes War, State and Development: Fiscal-Military States in the Eighteenth Century, Eunsa, Pamplona (2007). His website can be found at http://www.unav.edu/centro/contractorstate/.

Inhalt
Foreword; Patrick Karl O'Brien 1. Introduction 2. The Habsburg Fiscal and Financial Inheritance 3. Deficit Phobia. From International Public Credit to Domestic Credit 4. Easing the Tax Burden 5. French Inspiration 6. Expansion of State Finance 7. Authority and Control of the King's Money 8. Bourbon Management of the Inherited Public Debt 9. The Spanish System 10. Revenue Control 11. Expenditure Control 12. Arbitrariness and Debt Phobia 13. In the Wake of the English 14. Liberalisation and Mercantilism 15. Domestic Credit. The Creation of National Debt 16. International Public Credit 17. The Efficacy of Spain's Fiscal Military State Conclusion