Monetary and Fiscal Policies in the Prince-Bishopric of Paderborn After the Seven Years’ War

This paper examines the monetary and fiscal policies implemented by Wilhelm Anton von der Asseburg in the Prince-Bishopric of Paderborn following the Seven Years’ War (1756 – 1763). It focuses on the limitations and opportunities available within a small ecclesiastical territory of the Holy Roman Empire. Asseburg drew on the theories of Johann Heinrich Gottlob Justi, a prominent cameralist of the time, using them as the foundation for his reform agenda. Consequently, his policies emphasized currency stabilization, debt management, and fiscal austerity—tailored to the specific economic constraints of the region. The study contrasts Paderborn’s strategy with the Rétablissement in Saxony. Despite facing comparable debt burdens, Saxony adopted the most expansive fiscal and monetary policies possible—directly contradicting Justi’s advocacy of austerity—while Paderborn’s more restrained and frugal approach closely aligned with his recommendations. The findings challenge previous historical interpretations by showing that Justi had little influence on Saxony’s Rétablissement , whereas his ideas significantly shaped the reform efforts in the Prince-Bishopric of Paderborn

Currency · Debt · Expansive · Fiscal policy · Monetary policy · Public finance · European Political History Analysis · Historical Economic and Social Studies · Reformation and Early Modern Christianity

• Geldtheorie und -politik in Preußen Mitte des 18. Jahrhunderts

  Open Access•Jan Greitens•Jahrbuch für Wirtschaftsgeschichte…•2020

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• Saxony

  Katrin Keller, K T Keller•German History•2002

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