A Millennial View of Spain's Development

A Millennial View of Spain's Development

Essays in Economic History

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This open access book presents the evolution of the Spanish economy over the past seven centuries since the end of the Reconquest and examines how much economic progress has Spain achieved, as well as its impact on living standards and income distribution over the very long run. It shows that preindustrial Spain was far from stagnant, although levels of output per head in the early nineteenth century were not much different from those on the eve of the Black Death (1348). It further discusses how phases of simultaneous per capita output and population expansion and shrinkage alternated, lendin...