This reinterpretation of the history of modern Spain from the
Enlightenment to the threshold of the twenty-first century explains
the surprising changes that took Spain from a backward and
impoverished nation, with decades of stagnation, civil disorder,
and military rule, to one of the ten most developed economies in
the world. The culmination of twenty years' work by the dean of
economic history in Spain, founder of the "Revista de Historia
Economica" and recipient of the Premio Rey Juan Carlos, Spain's
highest honor for an academic, the book is rigorously analytical
and quantitative, but eminently accessible. It reveals views and
approaches little explored until now, showing how the main stages
of Spanish political history have been largely determined by
economic developments and by a seldom mentioned factor: human
capital formation. It is comparative throughout, and concludes by
applying the lessons of Spanish history to the plight of today's
developing nations.
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