Publicity, Debt, and Politics: The Old Regime and the French Revolution

Rebecca L. Spang ()
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Rebecca L. Spang: Indiana University

Chapter Chapter 2 in A World of Public Debts, 2020, pp 37-55 from Palgrave Macmillan

Abstract: Abstract The French Revolution of 1789 both declared existing taxes illegitimate and vowed to honor the state’s existing debts. This tension between maintaining commitments and breaking with the past had the unintended effect of stimulating further innovation: the revolution spread from the fiscal regime, to the political, to the monetary, and then around again. Public debt was not an economic problem (the debt was larger and the tax burden heavier in Britain) but a political one.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-3-030-48794-2_2

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DOI: 10.1007/978-3-030-48794-2_2

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