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Neither absolutism nor negotiation: Spanish empire building and political economy in the 18thcentury caribbean
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Orientador(es)
Resumo(s)
This paper revisits the political economy during Spanish rule in
America by reappraising the allegedly positive impact that intra-imperial
transfers (situados) had on the Caribbean economy. It raises concerns concerning categories such as bargaining and absolutism and their accuracy
in accounting for the nature of Spanish imperial rule. Three main findings
are reported. Firstly, it seems inaccurate to hold that all remittances were
injected into the economy with positive effects. Liquidity apparently provoked a real estate bubble. Secondly, the local market was not necessarily sensitive to the arrival of bullion. Finally, jurisdictional fragmentation
allowed the king to issue debt in a disorderly fashion and with no constraints, and local officials and groups of interests to behave as free riders.
Descrição
Palavras-chave
Spanish Empire Caribbean colonial economy Situados, Debt-issuing
Contexto Educativo
Citação
Bohorquez, J. (2022). Neither absolutism nor negotiation: Spanish empire building and political economy in the 18thcentury caribbean. Revista de Historia Economica - Journal of Iberian and Latin American Economic History, 40 (2), pp.313-348. (Published online 11 March 2021). DOI https://doi.org/10.1017/S0212610921000082