Goldsmith Banks and England's Financial Revolution after 1700
by
Peter Temin, Hans-Joachim Voth
Language: English
Release Date: January 2, 2013
After 1688, Britain underwent a revolution in public finance, and the cost of borrowing declined sharply. Leading scholars have argued that easier credit for the government, made possible by better property-rights protection, lead to a rapid expansion of private credit. The Industrial Revolution,...