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 From Clone to Bone by
Cover of the book The Meaning of Meat and the Structure of the Odyssey by
Cover of the book An Introduction to EU Competition Law by
Cover of the book Legislated Rights by
Cover of the book Diversity in Intellectual Property by
Cover of the book Legal Responses to Religious Practices in the United States by
Cover of the book Narrative and Metaphor in the Law by
Cover of the book An Anthropology of Ethics by
Cover of the book An Introduction to English Sentence Structure by
Cover of the book Engaging Haydn by
Cover of the book Cosmological Physics by
Cover of the book Augustine's Inner Dialogue by
Cover of the book The Cambridge Handbook of Sociology: Volume 2 by
Cover of the book Darkweb Cyber Threat Intelligence Mining by
Cover of the book Continuous Sedation at the End of Life 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