Peste 4 milioane de titluri în engleză și alte limbi! Descoperă-ți noua poveste astăzi!

Prometheus Shackled

Autor: Temin, Peter (Gray Professor Emeritus of Economics, MIT), Voth, Hans-Joachim (ICREA Research Professor, Economics Department, Universitat Pompeu Fabra, Barcelona)

Limbă:

Legare: Copertă tare

Editura: Oxford University Press Inc

Disponibilitate: În depozitul extern

Expediem în 10-18 zile

296.72 lei

After 1688, Britain underwent a revolution in public finance, and the cost of borrowing declined sha...

Informații despre carte

Autor

Temin, Peter (Gray Professor Emeritus of Economics, MIT), Voth, Hans-Joachim (ICREA Research Professor, Economics Department, Universitat Pompeu Fabra, Barcelona)

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

2013

Pagini

224

EAN

9780199944279

ISBN

019994427X

Enbook ID

02537033

Editura

Oxford University Press Inc

Greutate

446

Dimensiuni

161 x 241 x 15

Descriere completă

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, according to this view, is the result of the preceding revolution in public finance. In Prometheus Shackled, prominent economic historians Peter Temin and Hans-Joachim Voth examine this hypothesis using new, detailed archival data from 18th century banks. They conclude the opposite: the financial revolution led to an explosion of public debt, but it stifled private credit. This led to markedly slower growth in the English economy. Temin and Voth collected detailed data from several goldsmith banks-Child's, Gosling's, Freame and Gould, Hoare's, and Duncombe and Kent. The excellent records from Hoare's, founded by Sir Richard Hoare in 1672, offer particular insight. Numerous entrants into the banking business tried their hand at deposit-taking and lending in the early 17th century; few survived and fewer thrived. Hoare's and a small group of competitors did both. Temin and Voth chart the growth of the successful banks in the face of frequent wars and heavy-handed regulations. Their new data allows insights into the interaction between financial and economic development. Government regulations such as (a sharply lower) maximum interest rate caused severe misallocation of credit, and a misguided attempt to lighten the nation's debt burden led directly to the South Sea Bubble in 1720. Frequent wars caused banks to call in loans, resulting in a sharply slower economic growth rate. Based on detailed micro-data, the authors present conclusive evidence that wartime borrowing crowded out investment. Far from fostering economic development, England's financial revolution after 1688 did much to stifle it - the Hanoverian "warfare state" was a key reason for slow growth during Britain's Industrial Revolution. Prometheus Shackled is a revealing new take on one of the most important periods of economic and financial development.

Cele mai căutate

Categories

Authors

Publishers

Produse

Produse

Cele mai căutate

Categories

Authors

Publishers

Produse

Produse

Prometheus Shackled

Informații despre carte

Descriere completă

S-ar putea să te intereseze

The Eternal Flame

Grandmaster of Demonic Cultivation: Mo Dao Zu Shi (Novel) Vol. 4

Paper, Pencil & You: Focus

Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies

Positive Parenting with NLP: Positive Parenting with NLP: Calmer, happier and easier parenting

At Her Heels II: Stiletto Nightmares

Longman's Magazine, Volume 7

Daniel Stein Interpreter

Cartagena & Caribbean Colombia

Paulo Freire in the 21st Century

Utopics

Porfirio Diaz

Pediatric Body Imaging with Advanced MDCT and MRI, An Issue of Radiologic Clinics of North America

Yeast Intermediary Metabolism

Domestic Life in Virginia in the Seventeenth Century

Clienții care au cumpărat această carte au mai cumpărat și

EL CLAN DEL OSO CAVERNARIO

Sexualitat und Pornographie im Frauenbild der Gegenwartsliteratur

Abou Bakr de Cadix - L'héritier de l'amour éternel

Traitement Chirurgical Des Affections de l'Estomac