This collection of chapters focuses on the regulation of the British economy in the long eighteenth century as a means to understand the synergies between political, social and economic change as Britain was transformed into a global power. Inspired by recent research on consumerism and credit, an international team of leading academics examine the ways in which state and society both advanced and responded to fundamental economic changes. The studies embrace all aspects of the regulatory process, from developing ideas on the economy, to the passage of legislation, and to the negotiation of economic policy and change in practice. They range broadly over Britain and its empire and also consider Britain's exceptionality through comparative studies. Together, the book challenges the general characterization of the period as a shift from a regulated economy to a more laissez-faire system, highlighting the uncertain relationship between the state and economic interests across the long eighteenth century.

This collection of chapters focuses on the regulation of the British economy in the long eighteenth century as a means to understand the synergies between political, social and economic change as Britain was transformed into a global power. Inspired by recent research on consumerism and credit, an international team of leading academics examine the ways in which state and society both advanced and responded to fundamental economic changes. The studies embrace all aspects of the regulatory process, from developing ideas on the economy, to the passage of legislation, and to the negotiation of economic policy and change in practice. They range broadly over Britain and its empire and also consider Britain's exceptionality through comparative studies. Together, the book challenges the general characterization of the period as a shift from a regulated economy to a more laissez-faire system, highlighting the uncertain relationship between the state and economic interests across the long eighteenth century.

The concept of the 'fiscal-military state', popularised by John Brewer in 1989, has become familiar, even commonplace, to many historians of eighteenth-century England. Yet even at the time of its publication the book caused controversy, and the essays in this volume demonstrate how recent work on fiscal structures, military and naval contractors, on parallel developments in Scotland and Ireland, and on the wider political context, has challenged the fundamentals of this model in increasingly sophisticated and nuanced ways. Beginning with a historiographical introduction that places The Sinews of Power and subsequent work on the fiscal-military state within its wider contexts, and a commentary by John Brewer that responds to the questions raised by this work, the chapters in this volume explore topics as varied as finance and revenue, the interaction of the state with society, the relations between the military and its contractors, and even the utility of the concept of the fiscal-military state. It concludes with an afterword by Professor Stephen Conway, situating the essays in comparative contexts, and highlighting potential avenues for future research. Taken as a whole, this volume offers challenging and imaginative new perspectives on the fiscal-military structures that underpinned the development of modern European states from the eighteenth century onwards.

The Glorious Revolution of 1688–9 transformed the role of parliament in Britain and its empire. Large numbers of statutes resulted, with most concerning economic activity. Julian Hoppit here provides the first comprehensive account of these acts, revealing how government affected economic life in this critical period prior to the Industrial Revolution, and how economic interests across Britain used legislative authority for their own benefit. Through a series of case studies, he shows how ideas, interests, and information influenced statutory action in practice. Existing frameworks such as 'mercantilism' and the 'fiscal-military state' fail to capture the full richness and structural limitations of how political power influenced Britain's precocious economic development in the period. Instead, finely grained statutory action was the norm, guided more by present needs than any grand plan, with regulatory ambitions constrained by administrative limitations, and some parts of Britain benefiting much more than others.

This book revisits the historically different paths to economic development that Spain, the Netherlands, Great Britain and the United States followed at different time periods since the early modern period. Addressing the questions of how economic growth came about in these four countries and why sustained economic growth was achieved only by the two latter economic powers - Great Britain and the United States, it clearly highlights the long-term economic impact of the individual economic systems each country had developed. This discussion draws on two important variables in economic systems: whether its primary activity is agriculture, commerce, or manufacturing, and whether its productive system expands or simply reproduces. From this interpretive framework, the book suggests that the existing literature has not yet paid sufficient attention to the enduring impact on a nation’s long-term economic performance of their differing economic systems - simple agricultural reproduction system (Spain), expansive commercial reinvestment system (the Netherlands), and expansive industrial reproduction system (Great Britain and the United States). The book also demonstrates why sustained economic growth was viable only within an expansive industrial reproduction system, and what conditions Great Britain and the United States had to fulfill to create such an economic system in their specific historical contexts. It concludes by reflecting on the policy implications of the findings on current discussions concerning economic development within the global economy.

Economic Growth and the Origins of Modern Political Economy addresses the intellectual foundations of modern economic growth and European industrialization. Through an examination both of the roots of European industrialization and of the history of economic ideas, this book presents a uniquely broad examination of the origins of modern political economy. This volume asks what can we learn from ‘old’ theories in terms of our understanding of history, our economic fate today, and the prospects for the modern world’s poorest countries. Spanning across the past five hundred years, this book brings together leading international contributors offering comparative perspectives with countries outside of Europe in order to place the evolution of modern economic knowledge into a broader reference framework. It integrates economic discourse and the intellectual history of political economy with more empirical studies in economic history and the history of science. In doing so, this innovative volume presents a coherent and innovative new strategy towards a reconfiguration of the history of modern political economy. This book is suitable for those who study history of economic thought, economic history or European history.