Prometheus Shackled: Goldsmith Banks and England's Financial Revolution After 1700

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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 ...

Prometheus Shackled: Goldsmith Banks and England's Financial Revolution After 1700 2013, Oxford University Press, USA, New York, NY

ISBN-13: 9780199944279

Hardcover

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