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SESSION 2B: WARS AND STRUCTURE OF GOVERNMENT

Wars and the Evolution of Fiscal Regimes in Europe, 1700–2000

Published online by Cambridge University Press:  13 August 2001

Philip Hoffman  and
Jean-Laurent Rosenthal
Philip Hoffman
Affiliation:
California Institute of Technology
Jean-Laurent Rosenthal
Affiliation:
University of California, Los Angeles
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Abstract

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Fiscal regimes have become progressively more centralized and though the trend extends over nearly a millennium, the process accelerated in the early nineteenth century. The growth of central government budgets as a fraction of the economy and relative to local and regional budgets is well known. Many believe that the process has been driven by changes in citizens' demand for social services and therefore have associated it with democratization and with crises such as World War I and the Great Depression. In this paper we take a different tack and consider the evolution of fiscal institutions and changes in the preferences of the central executive. Our reconsideration is prompted by the observation that from and institutional standpoint fiscal centralization long preceded the massive expansion of the welfare state in the twentieth century.

Type
EHA ABSTRACT
Information
The Journal of Economic History , Volume 61 , Issue 2 , June 2001 , pp. 519 - 520
Copyright
© 2001 Cambridge University Press