By Antonio Almodovar, Jose Luis Cardoso
A historical past of Portuguese financial inspiration bargains the 1st account in English of the improvement of monetary suggestion in Portugal. The authors undertake a comparative method of examine how fiscal doctrine, theories and regulations were disseminated and assimilated by means of Portuguese economists in numerous sessions. They check the impression on Portuguese financial considered significant economists equivalent to Adam Smith, Keynes and Hayek.
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Extra resources for A History of Portuguese Economic Thought (Routledge History of Economic Thought)
5 The authors gave special attention to the agricultural situation and to the reforms they felt were indispensable for its improvement. Among their main concerns were the discovery of gradual solutions for easing the burden of the still existing seigneurial structure of land use and property, the removal of barriers to the unification of the internal market and the reform of the tax system of the ancien régime. Conventional wisdom in the Portuguese historiography of economic thought takes it for granted that the Memórias Económicas exemplify the influence and assimilation of physiocratic ideas.
The fall in income from trading activities and the significant decrease in gold mining in Brazil were the main symptoms of the crisis situation experienced at that time. The fall in income also spread to the crown’s revenue, leaving the country in a serious financial crisis. But there is no doubt that throughout the decades of 1740 and 1750 the most worrying signs were the significant decline in the flows of sea trade, the increase in smuggling and the falls in the exports of the main products of Portugal and its colonies that were destined for European markets – wine, sugar and tobacco.
1643: 29) On the basis of this particular premise, he finds full justification for his proposals to grant Jews economic freedom and abolish the system for confiscating their property (particularly in the form of capital goods). Vieira’s insistent call for public recognition of the legitimacy and importance of the activities of New Christians must be seen within the much broader context of his concern for the social rehabilitation of mercantile activities. His benevolence towards Jews is not only based on his previous analysis of the framework of alien power and the vicissitudes of a kingdom’s own power.
A History of Portuguese Economic Thought (Routledge History of Economic Thought) by Antonio Almodovar, Jose Luis Cardoso