Was There a Solution to the Ancien Regime's Financial Dilemma?

Research output: Contribution to journalArticle

42 Citations (Scopus)

Abstract

The fiscal policy accomplishments of the ancien regime during its last two decades in France have been greatly underappreciated. While the collapse of the monarchy has been attributed to persistent peacetime deficits, these did not appear until the mid-1780s when earlier reforms and successful budget policies were abandoned by reactionary finance ministers. Had the earlier policies been continued, it is unlikely that a severe crisis would have occurred in 1788/89.

Original languageEnglish (US)
Pages (from-to)545-568
Number of pages24
JournalThe Journal of Economic History
Volume49
Issue number3
DOIs
StatePublished - Jan 1 1989

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Ancien Régime
1780s
Accomplishment
Monarchy
Reactionary
Finance
Fiscal Policy
France
Fiscal policy

All Science Journal Classification (ASJC) codes

  • History
  • Economics and Econometrics
  • Economics, Econometrics and Finance (miscellaneous)

Cite this

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abstract = "The fiscal policy accomplishments of the ancien regime during its last two decades in France have been greatly underappreciated. While the collapse of the monarchy has been attributed to persistent peacetime deficits, these did not appear until the mid-1780s when earlier reforms and successful budget policies were abandoned by reactionary finance ministers. Had the earlier policies been continued, it is unlikely that a severe crisis would have occurred in 1788/89.",
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Was There a Solution to the Ancien Regime's Financial Dilemma? / White, Eugene.

In: The Journal of Economic History, Vol. 49, No. 3, 01.01.1989, p. 545-568.

Research output: Contribution to journalArticle

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