Arbitristas, a Spanish word meaning "projectors." The name of a group of reformers in 17th century Spain. The arbitristas were concerned about the decline of the economy of Spain and proposed a number of measures to reverse it. From John H. Elliott's Imperial Spain:
The arbitristas proposed that Government expenditure should be slashed, that the tax-system in Castile should be overhauled, and the other kingdoms of the Monarchy be called upon to contribute more to the royal exchequer; that immigrants should be encouraged to re-populate Castile; that fields should be irrigated, rivers be made navigable, and agriculture and industry be protected and fostered.
The Spanish valido Count-Duke of Olivares was strongly influenced by the arbitristas.
People like Francisco de Quevedo dismissed them as ridicule, a view still present in the colloquial meaning of the word[1].
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