Public Debt and Government Finance in the French Liberal Thought (1840-1900)

Dette publique et financement de l’Etat chez les économistes français (1840-1900)

Claire Silvant ()
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Claire Silvant: TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique

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Abstract: Between the 1840 decade and the end of the 19th century, the French economists show an increasing interest for the issue of the scope of public intervention and that of the ways to finance its constantly growing expenses. This article aims at examining the evolution in the French liberal thought regarding public finance (especially public debt) between its golden age and its decline and progressive replacement with a new generation of economists. We analyze the changes in the appraisal of the different ways to finance public expenses, particularly the trade-off between taxation and public debt. We show an inflexion in the liberal orthodoxy and underline the appearance of new conceptions of public debt by the end of the century.

Keywords: taxation; public finance; French Liberal School; public debt; école libérale française; dette publique; impôt; finances publiques (search for similar items in EconPapers)
Date: 2019-12-01
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Published in Œconomia - History/Methodology/Philosophy, 2019, La dette publique : une histoire longue, 9-4, pp.763-795. ⟨10.4000/oeconomia.7115⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02430984

DOI: 10.4000/oeconomia.7115

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