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The French Revolution and the Politics of Government Finance, 1770–1815

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  • White, Eugene Nelson

Abstract

Although largely neglected in most histories of the French Revolution, the central government’s persistent budget deficit was a factor of paramount importance. The fiscal crisis inherited from the monarchy defied solution because of the war of attrition fought by economic interest groups. The struggle produced radical changes in macroeconomic policy to shift the burden of adjustment, altering the course of and prolonging the Revolution.

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  • White, Eugene Nelson, 1995. "The French Revolution and the Politics of Government Finance, 1770–1815," The Journal of Economic History, Cambridge University Press, vol. 55(2), pages 227-255, June.
    • Handle: RePEc:cup:jechis:v:55:y:1995:i:02:p:227-255_04
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    Cited by:

    1. Hannah Hörisch & Oliver Kirchkamp, 2010. "Less fighting than expected," Public Choice, Springer, vol. 144(1), pages 347-367, July.
    2. 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.
    3. le Bris, David & Goetzmann, William N. & Pouget, Sébastien, 2019. "The present value relation over six centuries: The case of the Bazacle company," Journal of Financial Economics, Elsevier, vol. 132(1), pages 248-265.
    4. Miller, Stephen Matteo, 2016. "When and why hyperinflating monetary authorities abandon a currency," Economics Letters, Elsevier, vol. 141(C), pages 11-14.
    5. Rouanet, Louis, 2023. "Foutu maximum: The political economy of price controls and national defense in revolutionary France," Explorations in Economic History, Elsevier, vol. 88(C).
    6. Michael D. Bordo & Mickey D. Levy, 2020. "Do Enlarged Fiscal Deficits Cause Inflation: The Historical Record," NBER Working Papers 28195, National Bureau of Economic Research, Inc.
    7. Maria Waldinger, 2023. "“Let Them Eat Cake”: Drought, Peasant Uprisings, and Demand for Institutional Change in the French Revolution," CESifo Working Paper Series 10303, CESifo.
    8. Sumner La Croix, 2014. "Land Confiscations and land reform in Natural-Order States," Working Papers 201406, University of Hawaii at Manoa, Department of Economics.
    9. Rik Frehen & William N. Goetzmann & K. Geert Rouwenhorst, 2014. "Dutch Securities for American Land Speculation in the Late Eighteenth Century," NBER Chapters, in: Housing and Mortgage Markets in Historical Perspective, pages 287-304, National Bureau of Economic Research, Inc.
    10. Jérémie Cohen‐Setton & Joshua K. Hausman & Johannes F. Wieland, 2017. "Supply‐Side Policies in the Depression: Evidence from France," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(2-3), pages 273-317, March.
    11. Mark Dincecco, 2010. "The Political Economy Of Fiscal Prudence In Historical Perspective," Economics and Politics, Wiley Blackwell, vol. 22(1), pages 1-36, March.
    12. Eugene N. White, 1999. "The Costs and Consequences of the Napoleonic Reparations," NBER Working Papers 7438, National Bureau of Economic Research, Inc.
    13. Rustam Jamilov & Tobias König & Karsten Müller & Farzad Saidi, 2024. "Two Centuries of Systemic Bank Runs," CRC TR 224 Discussion Paper Series crctr224_2024_589, University of Bonn and University of Mannheim, Germany.
    14. Maria Waldinger, 2024. "“Let them eat cake”: drought, peasant uprisings, and demand for institutional change in the French Revolution," Journal of Economic Growth, Springer, vol. 29(1), pages 41-77, March.
    15. Michael D. Bordo & Mickey D. Levy, 2021. "Do enlarged fiscal deficits cause inflation? The historical record," Economic Affairs, Wiley Blackwell, vol. 41(1), pages 59-83, February.
    16. Cutsinger, Bryan P. & Rouanet, Louis & Ingber, Joshua S., 2023. "Assignats or death: The politics and dynamics of hyperinflation in revolutionary France," European Economic Review, Elsevier, vol. 157(C).
    17. Miller, Stephen Matteo & Ndhlela, Thandinkosi, 2020. "Money demand and seignorage maximization before the end of the Zimbabwean dollar," Journal of Macroeconomics, Elsevier, vol. 63(C).
    18. Oosterlinck, Kim & Ureche-Rangau, Loredana & Vaslin, Jacques-Marie, 2019. "Aristocratic Privilege. Exploiting “Good†Institutions," CEPR Discussion Papers 14071, C.E.P.R. Discussion Papers.
    19. -, 1996. "Economía política de las reformas tributarias en Costa Rica, El Salvador y Guatemala, 1980-1994," Sede Subregional de la CEPAL en México (Estudios e Investigaciones) 25179, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

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