Questioning credible commitment : perspectives on the rise of financial capitalism / edited by D'Maris Coffman, Adrian Leonard, and Larry Neal.
"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 parliam...
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| Online Access: | Electronic book from EBSCO |
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| Other Authors: | |
| Format: | eBook |
| Language: | English |
| Published: | Cambridge : Cambridge University Press, 2013. |
| Series: | Macroeconomic policy making.
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| Subjects: |
| Summary: | "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."--Page i. |
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| Physical Description: | 1 online resource (xvii, 282 pages) : illustrations. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781107417090 1107417090 9781139856034 1139856030 9781107418349 1107418348 9781107419650 1107419654 9781107420854 1107420857 1139892894 9781139892896 1107424836 9781107424838 1107422809 9781107422803 |
| Access: | Access limited to authorized users. |