The Assembly of Public Trust. Republicanism and the Birth of Political Economy in Eighteenth-Century Spain

Max Planck Institute for Comparative Public Law & International Law (MPIL) Research Paper No. 2020-45

In Carolina Armenteros ed. “Monarchy and Modernity, 1500-1945”, History of European Ideas (forthcoming).

33 Pages Posted: 18 Nov 2020

See all articles by Edward Jones Corredera

Edward Jones Corredera

Max Planck Institute for Comparative Public Law and International Law

Date Written: November 17, 2020

Abstract

This article studies how a plan to reinvent the Spanish parliamentary Cortes generated the growth of eighteenth-century Spanish political economy. The article sheds light on how eighteenth-century Spanish debates over investment, assemblies, and corporations recovered parliamentary ideals, envisioned corporate boards of transnational cooperation, and deliberated on the political economy of patriotism. Contrary to the prevailing historiographical view, Spanish republicanism did not wane under the Bourbon Monarchy. In order to resolve the social and economic impact of dynastic crises in the Spanish Empire, political economists believed the establishment of corporations throughout the peninsula could republicanise Spanish finances and revitalise trust in the Spanish Monarchy. The article reconsiders early modern Spain’s republican and parliamentary traditions, and suggests that eighteenth-century Spanish political economy emerged from the need to escape the cycles of dynastic crises and put an end to ‘the fear of the new’.

Keywords: early modern Spain, eighteenth-century Spain, monarchy, Spanish Enlightenment, corporations, republicanism, political economy, shareholder sovereignty

Suggested Citation

Jones Corredera, Edward, The Assembly of Public Trust. Republicanism and the Birth of Political Economy in Eighteenth-Century Spain (November 17, 2020). Max Planck Institute for Comparative Public Law & International Law (MPIL) Research Paper No. 2020-45, In Carolina Armenteros ed. “Monarchy and Modernity, 1500-1945”, History of European Ideas (forthcoming)., Available at SSRN: https://ssrn.com/abstract=3732312 or http://dx.doi.org/10.2139/ssrn.3732312

Edward Jones Corredera (Contact Author)

Max Planck Institute for Comparative Public Law and International Law ( email )

Im Neuenheimer Feld 535
69120 Heidelberg, 69120
Germany

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