Bankruptcy of Empire

Carlos Marichal has been Research Professor of Latin American History at the El Colegio de México since 1989. He received his PhD in History from Harvard University, Massachusetts in 1977 and was a visiting professor at Stanford University, California (1998–9, the Universidad Carlos III, Madrid (1996), the Ecole des Hautes Etudes en Sciences Sociales, Paris (1994), the Universidad Autónoma, Barcelona (1990–3 and 2009) and the Universidad Complutense, Madrid (1987). In September 2008, Bankruptcy of Empire received the Alice Hanson Jones Biennial Prize of the Economic History Association of the United Status as an 'Outstanding Book on North American Economic History'. In August 2009, the same work was awarded the Jaume Vicens Vives Prize of the Spanish Economic History Association, being judged the best book published on the economic history of Spain and Latin America in 2007–8. He is also the author of other works including a history of Latin American debt in English version (1989), with two editions in Spanish, and more recently of Nueva historia de las grandes crisis financieras, 1873–2008 (2010). He is the editor of a dozen collective monographs on the economic history of Latin America, including studies on banking and fiscal history as well as a number of joint studies on the history of enterprise in Mexico in the nineteenth and twentieth centuries. He is founder and past president of the Mexican Economic History Association and served as member of the executive committee of the International Economic History Association (2000–8). He has received a Guggenheim fellowship (1994–5) and a Tinker Fellowship (1997–8), among other awards. A member of the academic boards of ten international journals on economic history and Latin American history, he is member of the Mexican Sistema Nacional de Investigadores, at the highest level. From 2003 to 2008, he was a member of the Board of Governors of El Colegio de México.

Review of the hardback: 'Bankruptcy of Empire, an amplified version of a 1999 book, is a compelling contribution to the expanding body of research on the economy of New Spain in the eighteenth century and a stimulating addition to the fiscal historiography of the Spanish empire, in particular the monarchy's inability to generate resources in line with the requirements of its foreign policy. … Marichal has made a sterling job of synthesising a great deal of statistical and qualitative data in numerous tables, three appendices and providing a useful index. … This book asks big questions. It is a valuable addition to modern economic history, and will be rewarding for more than its intended audience.' Financial History Review

• List of tables and figures; Acknowledgements; Introduction; 1. Resurgence of the Spanish Empire: Bourbon Mexico as submetropolis, 1763–1800; 2. An imperial state tax: the fiscal costs and benefits of colonialism; 3. Imperial wars and loans from New Spain, 1780–1800; 4. The royal church and the finances of the viceroyalty; 5. Napoleon and Mexican silver, 1805–8; 6. Between Spain and America: the royal treasury and the Gordon and Murphy Consortium, 1806–8; 7. Mexican silver for the Cortes of Cádiz and the war against Napoleon, 1808–11; 8. The rebellion of 1810, colonial debts, and bankruptcy of New Spain; Conclusions: the financial collapse of viceroyalty and monarchy; Appendices; Bibliography; Index.