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Conservacion de Monarquias y Discursos Politicos sobre la gran Consulta que el Consejo hizo al Señor Rey Don Filipe Tercero, al Presidente y Consejo Supremo de Castilla.

Madrid: Imprenta Real, 1626 Stock Code: 139132
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A significant early study of the Spanish economy

First complete edition, following publication of some discourses in 1621. Pedro Fernandez Navarrette (1564-1632) was chaplain to the Spanish royal family, and an officer of the Inquisition. "The miserable state of Spain had led the supreme council of Castile to submit to King Philip III a Great Report (Gran Consulta) on the remedies to be applied; this report was delivered on February 1619, and gave rise to fifty Discursos or glosses from Navarrete, printed in 1626 at the royal press... Though a long-winded writer and rather too fond of learned quotations, Navarrete shows himself in many respects free from contemporary national and religious prejudice" (Palgrave Dictionary of Economics, vol. III, p. 7).

The book is a significant study of the Spanish economic system, which throughout the 16th century had been flush with gold from the Americas, yet despite - or because of - this was on course for three centuries of economic stagnation. Navarette proposes numerous reforms, including regulating immigration, decreasing the number of courtiers, scaling back the extravagance of the royal house, improving the lot of the peasantry, and limiting the expansion of monasteries. Navarrette draws contrasts between Spain and countries like the Netherlands, which reap wealth from manufacturing despite not having access to an endless stream of gold; in his 16th discourse, he firmly argues that the value added to raw materials by human labour was more important than the value of gold and silver in an economy, and consequently promotes industrialization as the best solution to Spain's ills, rather than continuing to accumulate ever greater stocks of precious metals. In his final discourse, Navarrette "concludes with a truth not much appreciated in the Spain of his days, namely that 'the councillors of kings ought not to be like cooks, who only think of dishes to please the palate, but like physicians, who prescribe bitter and stringent pills and potions'" (ibid.).

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Folio (278 x 191 mm). 18th-century mottled sheep, recent twin red morocco labels to spine, gilt floral motifs to compartments, marbled endpapers, red edges, blue silk bookmark.


Title page engraved by Alardo de Popma after the design of Agustín Leonardo de Argensola.


Early inked crosses to pp. 84 & 85, 19th-century inscription to front free endpaper verso: "Gil. G. So. pero vale mucho mas" (most probably a price code, and a note that it is worth much more). Light wear around extremities, some rubbing, slight stripping and a few wormholes at head of spine, small mark to fore edge, yet binding otherwise in nice shape; contents with some browning, foxing, and soiling, running stain to pp. 5-24, yet still crisp without tears, chips, or repairs. A very good copy.


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