Journal of Political Economy Vol. 103 No. 3 1995
Macroeconomic Features of the French Revolution
Abstract
This paper describes aspects of the French Revolution from the perspective of theories about money and government budget constraints. We describe how unpleasant fiscal arithmetic gripped the Old Regime, how the Estates General responded to reorganize France's fiscal affairs, and how fiscal exigencies impelled the Revolution into a procession of monetary experiments ending in hyper-inflation.
- DOI
- 10.1086/261992
- Volume
- 103
- Issue
- 3
- Pages
- 474-518
- Language
- en
- Sources
- openalex crossref