De la economía política a la economía pública: José Canga Argüelles
Abstract
The purpose of this essay is to illustrate how classical economics contributed to the breakthrough of new liberal thought of public finances in Spain mainly due to the theoretical contribution and public action of José Canga Argüelles at the turn of 18th Century and the first decades of the 19th Century.
The relation between economics, morality and politics allowed Canga Argüelles to articulate economics and public finances. He conceived a new definition of public finances which establishes a close relationship between wealth and government spending which eases the reorganization of taxation. This new relationship between expenditures and revenues also redefined the public credit through the recognition of all public debts that allowing for a renewal of trust between state, creditors and citizens.
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