How to Destroy Your Economy: The Case of Alfonso the Learned - Medievalists.net
Briefly

Alfonso X of Castile, known as 'el Sabio', was notable for his cultural and intellectual contributions but faced political downfall due to financial mismanagement. His territorial expansion resulted in economic challenges, exacerbated by the emigration of skilled Muslim workers and depopulation in northern Castile. To combat these issues, Alfonso enacted monetary reforms, market controls, and taxes, but his approaches ultimately destabilized his kingdom. Joseph F. O'Callaghan's analysis illustrates how Alfonso's ambition led to a cautionary tale of unchecked fiscal policies despite a strong administrative foundation.
Alfonso X's centralized control and unchecked spending destabilized his kingdom, revealing how ambitious policies can lead to financial collapse despite administrative strength.
The emigration of thousands of skilled Muslim workers resulted in an abrupt shortage of manufactured goods. Equally skilled Christian replacements were not immediately forthcoming.
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