Buch, Englisch, 254 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 571 g
Buch, Englisch, 254 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 571 g
ISBN: 978-0-521-81237-5
Verlag: Cambridge University Press
In The Wealth of Nations Rediscovered, Robert E. Wright portrays the development of a modern financial sector - with a central bank, a national monetary system, and efficient capital markets - as the driving force behind America's economic transition from agricultural colony to industrial juggernaut. This new study applies the economic theory of information asymmetry to our understandings of early US financial development, expanding on recent scholarship of finance-led economic growth. The book's research is original, incorporating little-used archival material and new data on early US securities prices, trading volumes, and stockholder patterns. The topics covered - securities trading, market liquidity, intermediation, banking reform, emerging market success, and foreign investment - are relevant to discussions in today's business community. Drawing from and building upon Adam Smith's lesser-known insights into financial relationships, The Wealth of Nations Rediscovered positions itself on the cusp of emerging paradigm shifts in history and economics.
Autoren/Hrsg.
Fachgebiete
- Geisteswissenschaften Geschichtswissenschaft Weltgeschichte & Geschichte einzelner Länder und Gebietsräume Geschichte einzelner Länder Amerikanische Geschichte
- Geisteswissenschaften Geschichtswissenschaft Geschichtliche Themen Wirtschaftsgeschichte
- Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geschichte der VWL
- Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte
- Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik
Weitere Infos & Material
1. Introduction: The Wealth of Nations and national wealth; 2. The international and colonial background of America's financial revolution; 3. Banks, securities markets, and the reduction of asymmetric information; 4. The financial sector and the reduction of lending-related costs and risks; 5. Evidence of capital market integration, 1800-1850; 6. Expansion of the securities services sector, 1790-1850; 7. The freest of the free: regulation of the financial sector; 8. Finance-directed economic movement; 9. Conclusion: the wealth of nations rediscovered.
