Questioning Credible Commitment

Perspectives on the Rise of Financial Capitalism

Business & Finance, Economics, Macroeconomics, Economic History
Cover of the book Questioning Credible Commitment by , Cambridge University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781107424838
Publisher: Cambridge University Press Publication: September 12, 2013
Imprint: Cambridge University Press Language: English
Author:
ISBN: 9781107424838
Publisher: Cambridge University Press
Publication: September 12, 2013
Imprint: Cambridge University Press
Language: English

Financial capitalism emerged in a recognisably modern form in late seventeenth- and eighteenth-century Great Britain. Following the seminal work of Douglass C. North and Barry R. Weingast (1989), many scholars have concluded that the 'credible commitment' that was provided by parliamentary backing of government as a result of the Glorious Revolution of 1688 provided the key institutional underpinning on which modern public finances depend. In this book, a specially commissioned group of historians and economists examine and challenge the North and Weingast thesis to show that multiple commitment mechanisms were necessary to convince public creditors that sovereign debt constituted a relatively accessible, safe and liquid investment vehicle. Questioning Credible Commitment provides academics and practitioners with a broader understanding of the origins of financial capitalism, and, with its focus on theoretical and policy frameworks, shows the significance of the debate to current macroeconomic policy making.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Financial capitalism emerged in a recognisably modern form in late seventeenth- and eighteenth-century Great Britain. Following the seminal work of Douglass C. North and Barry R. Weingast (1989), many scholars have concluded that the 'credible commitment' that was provided by parliamentary backing of government as a result of the Glorious Revolution of 1688 provided the key institutional underpinning on which modern public finances depend. In this book, a specially commissioned group of historians and economists examine and challenge the North and Weingast thesis to show that multiple commitment mechanisms were necessary to convince public creditors that sovereign debt constituted a relatively accessible, safe and liquid investment vehicle. Questioning Credible Commitment provides academics and practitioners with a broader understanding of the origins of financial capitalism, and, with its focus on theoretical and policy frameworks, shows the significance of the debate to current macroeconomic policy making.

More books from Cambridge University Press

Cover of the book Galois Representations and (Phi, Gamma)-Modules by
Cover of the book From Slave Abuse to Hate Crime by
Cover of the book Landscape and Change in Early Medieval Italy by
Cover of the book International Organisations and Global Problems by
Cover of the book The Liberal Project and Human Rights by
Cover of the book Error and Inference by
Cover of the book Confucianism and Democratization in East Asia by
Cover of the book Placental-Fetal Growth Restriction by
Cover of the book Poetry, Modernism, and an Imperfect World by
Cover of the book The Search for Reconciliation by
Cover of the book Wine Globalization by
Cover of the book Confronting the Internet's Dark Side by
Cover of the book Introduction to Microwave Imaging by
Cover of the book Representation and Scepticism from Aquinas to Descartes by
Cover of the book Beyond Smoke and Mirrors by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy