This book presents an innovative history of the first Portuguese public bank, by exploring the relationship between banking activities and the political context. It provides an overview of the origins of the banking system in Portugal, and also in Brazil, and explores new archive materials related to the first years of activity of the Bank of Lisbon and to the public debates on monetary and public finance topics. It discusses the main features of the Bank of Lisbon: a private bank with a mandate to issue banknotes for the purposes of regulating monetary circulation, and with the function of financing the State for current payments, as well as for the amortisation of public debt and the creation of new debt. The aim of contributing to the re-establishment of public trust and credit conferred upon the Bank of Lisbon the status of a quasi-central bank with the obligations of lending and issuing money. This historical case study offers new insights for a better understanding of the role of banks on the regulation of monetary circulation and on the management of sovereign debt. By stressing the relevance of the political context, it also illustrates the key issues of trust, independence and rules associated to decision-making processes in the study of European banking history. The main focus is the link between banking practices and the political environment. However, the reader will also engage in discussions on theoretical and economic policy issues on the main economic topics under survey: money, paper money, public debt and credit system.

A History of Portuguese Economic Thought offers the first account in English of the development of economic thought in Portugal. The authors adopt a comparative approach to analyse how economic doctrine, theories and policies have been disseminated and assimilated by Portuguese economists in different periods. They assess the influence on Portuguese economic thought of major economists such as Adam Smith, Keynes and Hayek.

This volume offers an account of the development of economic thought in Portugal. It covers the age of the Discoveries until the end of the first half of the 20th century. It also presents the main features of Portuguese economic literature and provides a summary of the theoretical and economic policy problems that have been identified and discussed by Portuguese economists over the last five centuries. The authors adopt a comparative approach to analyze how economic doctrine, theories and policies have been disseminated and assimilated by Portuguese authors in different periods. They assess the influence on Portuguese economic thought of major economists such as Adam Smith, Keynes and Hayek. The volume argues that national histories of economic thought are not only useful for the extra knowledge they provide but also for their contribution to the renewal of a valuable historiographic tradition which explores marginalised historical and intellectual discourses.

This edited collection uses a history of economic thought perspective to explore the evolving role of Latin America within the context of globalization. In particular, it examines the region's resilience in the face of the global financial crisis. Economic Development and Global Crisis explains that Latin America is a region with distinct characteristics and peculiarities which have been shaped from the colonial era up to the present day. The contributions suggest that several features which were perceived as economic backwardness have turned out to be advantageous, and this may explain why Latin America is withstanding the crisis much better than Europe, Japan and the USA. This book will be of interest to scholars working in the areas of economic development, economic history, the history of economic thought and Latin American studies.

Public finance is a major feature of the development of modern European societies, and it is at the heart of the definition of the nature of political regimes. Public finance is also a most relevant issue in the understanding of the constraints and possibilities of economic development. This book is about the rise and development of taxation systems, expenditure programs, and debt regimes in Europe from the early nineteenth century to the beginning of World War I. Its main purpose is to describe and explain the process by which financial resources were raised and managed. The volume presents studies of nine countries or empires that are considered highly representative of the widest European experience on the matter and discusses whether there are any common patterns in the way the different European states responded to the need for raising additional resources to pay for the new tasks they were performing.

Public finance is a major feature of the development of modern European societies, and it is at the heart of the definition of the nature of political regimes. Public finance is also a most relevant issue in the understanding of the constraints and possibilities of economic development. This book is about the rise and development of taxation systems, expenditure programs, and debt regimes in Europe from the early nineteenth century to the beginning of World War I. Its main purpose is to describe and explain the process by which financial resources were raised and managed. The volume presents studies of nine countries or empires that are considered highly representative of the widest European experience on the matter and discusses whether there are any common patterns in the way the different European states responded to the need for raising additional resources to pay for the new tasks they were performing.

The financial crisis of 2008 has revived interest in economic scholarship from a historical perspective. The most in depth studies of the relationship between economics and history can be found in the work of the so-called German Historical School (GHS). The influence of the GHS in the USA and Britain has been well documented, but far less has been written on the rest of Europe. This volume studies the interconnection between economic thought and economic policy from the mid-nineteenth century to the interwar period. It examines how the School's ideas spread and was interpreted in different European countries between 1850 and 1930, analysing its legacies in these countries. In doing so, the book is able to trace the interconnection between economic thought and economic policy, adding new voices to the debate on the diffusion of ideas and flow of knowledge. This book identifies issues related to topics such as nationalism and cosmopolitanism in the history of ideas and clarifies themes in policy making that are still currently debated. These include monetary policy and benefits of free trade for all parties involved in international exchanges. This book will be of a great interest to those who study history of economic thought, economic theory and political economy.

This book brings together leading scholars of the history of economic thought to demonstrate the vitality and richness of a discipline that welcomes both practitioners of intellectual, contextual history, as well as specialists in the historical explanation of the analytical and theoretical dimension of economic science. They shed new light on a variety of themes and problems and move the frontier of knowledge in the areas covered. Economic Analyses in Historical Perspective is presented in three parts. The first deals with French traditions in economics, a field that Gilbert Faccarello has tilled for many years and to which he has made numerous contributions. The second turns to the dissemination and diffusion of economic ideas and theories across national borders, and thus to the European and even global level. Finally, the third part deals with analytical developments in some selected fields of economics: public economics, monetary policy, trade theory and spatial economics. This volume is of great importance to those who study history of economic thought, political economy and monetary economics. The chapters' centre around the work of Gilbert Faccarello, making this book a fitting tribute to his academic career on the history of economic theory and ideas.

The financial crisis of 2008 has revived interest in economic scholarship from a historical perspective. The most in depth studies of the relationship between economics and history can be found in the work of the so-called German Historical School (GHS). The influence of the GHS in the USA and Britain has been well documented, but far less has been written on the rest of Europe. This volume studies the interconnection between economic thought and economic policy from the mid-nineteenth century to the interwar period. It examines how the School's ideas spread and was interpreted in different European countries between 1850 and 1930, analysing its legacies in these countries. In doing so, the book is able to trace the interconnection between economic thought and economic policy, adding new voices to the debate on the diffusion of ideas and flow of knowledge. This book identifies issues related to topics such as nationalism and cosmopolitanism in the history of ideas and clarifies themes in policy making that are still currently debated. These include monetary policy and benefits of free trade for all parties involved in international exchanges. This book will be of a great interest to those who study history of economic thought, economic theory and political economy.

This book brings together leading scholars of the history of economic thought to demonstrate the vitality and richness of a discipline that welcomes both practitioners of intellectual, contextual history, as well as specialists in the historical explanation of the analytical and theoretical dimension of economic science. They shed new light on a variety of themes and problems and move the frontier of knowledge in the areas covered. Economic Analyses in Historical Perspective is presented in three parts. The first deals with French traditions in economics, a field that Gilbert Faccarello has tilled for many years and to which he has made numerous contributions. The second turns to the dissemination and diffusion of economic ideas and theories across national borders, and thus to the European and even global level. Finally, the third part deals with analytical developments in some selected fields of economics: public economics, monetary policy, trade theory and spatial economics. This volume is of great importance to those who study history of economic thought, political economy and monetary economics. The chapters' centre around the work of Gilbert Faccarello, making this book a fitting tribute to his academic career on the history of economic theory and ideas.