The Debts of James VI of Scotland

  title={The Debts of James VI of Scotland},
  author={Julian Goodare},
  journal={Wiley-Blackwell: Economic History Review},
  • J. Goodare
  • Published 1 November 2009
  • Economics, History
  • Wiley-Blackwell: Economic History Review
James VI (1567–1625) was chronically indebted, and this caused him frequent problems. This article presents two series of systematic data that together indicate the main contours of his indebtedness: (1) end-of-year deficits, and (2) hived-off debts which the Crown left unpaid for long periods (sometimes permanently). The hived-off debts, reconstructed individually, constitute a narrative of fiscal policy-making. Instead of a large and catastrophic bankruptcy, James in effect had numerous small… 
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