Transferring Wealth and Power from the Old to the New World: Monetary and Fiscal Institutions in the 17th through the 19th Centuries

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This book is a collection of articles by eminent economic historians from five European colonial powers and from six New World countries. The articles focus on the legacy of the Old World fiscal institutions (taxes and expenditures) and monetary institutions (currency and banking) for the New World from the seventeenth to the nineteenth century. Did the success or failure of the New World's institutions in the independent countries reflect the foundations and the flaws of the former colonial masters or adaptation to the new environment?

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Editorial Reviews

From the Publisher
"I found this book to be useful as a broad guide to the fiscal and monetary institutions of a large number of nations over a considerable time period." Economic History

"...important and timely collection... each contributor provides a wealth of statistical data and cogent, generally well-written analyses informed by sound economic theories. Furthermore, the editors and commentators have done an excellent job of selecting, summarizing, and evaluating the case studies... this important work should be read by business, economic, and legal historians, and macroeconomists, political economists, and policymakers, both public and corporate." Robin E. Wright, International Journal of Business History

"Business historians should make extensive use of the volume..." Autumn 2002

"This book is worth reading for its historical value, especially for those interested in teh development of particular countries." - Review of Political Economy Oren M. Levin-Waldman, Metropolitan College of New York

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Product Details

Table of Contents

Contributors; 1. Introduction Michael D. Bordo and Roberto Cortés-Conde; Part I. The Old World: 2. The origins and development of stable fiscal and monetary institutions in England Forrest Capie; 3. France and the failure to modernize macroeconomic institutions Eugene N. White; 4. The Netherlands in the New World: the legacy of European fiscal, monetary and trading institutions for New World development from the seventeenth to the nineteenth centuries Jan DeVries; 5. Fiscal and monetary institutions in Spain (1600–1900) Gabriel Tortella and Franciso Comín; 6. War, taxes, and gold: the inheritance of the real Jorge Braga de Macedo, Álvaro Ferreira da Silva and Rita Martins de Sousa; Part II. The New World: 7. The United States: financial innovation and adaptation, Richard Sylla; 8. The legacy of French and English fiscal and monetary institutions for Canada Michael D. Bordo and Angela Redish; 9. Mexico: from colonial fiscal regime to liberal financial order, 1750–1912 Carlos Marichal and Marcello Carmagnani; 10. Property rights and the fiscal and financial systems in Brazil: colonial heritage and the imperial period Marcelo de Paiva Abreu and Luis A. Corrêa do Lago; 11. Argentina: from colony to nation: fiscal and monetary experience of the eighteenth and nineteenth centuries Roberto Cortés-Conde and George T. McCandless; 12. Continuities and discontinuities in the fiscal and monetary institutions of New Granada, 1783–1850 Jaime U. Jaramillo, Adolfo R. Maisel and Miguel M. Urrutia; Part III. Commentaries: 13. The state in economic history Herschel I. Grossman; 14. Reflections on the collection Albert Fishlow; Index.

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