What is it about?
In a revolutionary context, public debt is a means to increase the political capital of the insurgents. The Portuguese struggle for autonomy in 1640-83 is a unique example of military victory based on a policy of prudence that led to a surprisingly low debt level.
Featured Image
Read the Original
This page is a summary of: Reputational recovery under political instability: Public debt in Portugal, 1641–83, The Economic History Review, November 2022, Wiley,
DOI: 10.1111/ehr.13217.
You can read the full text:
Contributors
The following have contributed to this page
