The nature and historical evolution of an exceptional fiscal state and its possible significance for the precocious commercialization and industrialization of the British economy from Cromwell to Nelson

Institutions that promoted or restrained early modern economic growth were established, sustained, and often destroyed by states. Yet their economic history lacks either a fundamental theory or grounded narrative for state formation in the east or the west. This survey of a library of recent researc...

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Bibliographic Details
Published in:The Economic history review 2011-05, Vol.64 (2), p.408-446
Main Author: O'BRIEN, PATRICK
Format: Article
Language:English
Subjects:
Commercialization
Economic history
Economic systems
Economic theory
Economics
England
Financial economics
Fiscal policy
Income taxes
Industrial development
Industrial revolution
Institutionalism
Mercantilism
Monarchy
Political history
Political revolutions
Political systems
State income tax
State theory
Studies
Taxation
War economics
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Summary:Institutions that promoted or restrained early modern economic growth were established, sustained, and often destroyed by states. Yet their economic history lacks either a fundamental theory or grounded narrative for state formation in the east or the west. This survey of a library of recent research in the conjoined histories of national taxation and finance deploys a stage theory and reciprocal comparisons to explain when, how, and why England's political elites constructed a fiscal constitution for an island state that provided the external security, internal order, and successful mercantilism to carry the economy to a plateau of possibilities for a precocious industrial revolution.
ISSN:0013-0117
1468-0289
DOI:10.1111/j.1468-0289.2010.00538.x