Nowadays, the idea that the way a country borrows its money is connected to what kind of government it has comes as a surprise to most people. But in the eighteenth century it was commonly accepted that public debt and political liberty were intimately related. In A Free Nation Deep in Debt, James Macdonald explores the connection between public debt and democracy in the broadest possible terms. H...
Hardcover: 576 pages
Publisher: Farrar, Straus and Giroux; 1st edition (January 8, 2003)
Product Dimensions: 6.3 x 1.9 x 9.3 inches
Amazon Rank: 2449881
Format: PDF ePub Text djvu book
- James Macdonald pdf
- James Macdonald books
- 0374171432 epub
- Business and Money epub books
- 978-0374171438 epub
Read Quaker rayer ebook adentallehigran.wordpress.com Read Guess how much i love you coloring book ebook adfihantrat.wordpress.com Read Slim aarons a lace in the sun ebook allualsaico.wordpress.com Here Starcrat see o arkness pdf link Murer at the margin
Description was correct...
th some fundamental questions: Why do governments borrow? How do we explain the existence of democratic institutions in the ancient world? Why did bond markets come into existence, and why did this occur in Europe and not elsewhere?Macdonald finds the answers to these questions in a sweeping history that begins in biblical times, focuses on the key period of the eighteenth century, and continues down to the present. He ranges the world, from Mesopotamia to China to France to the United States, and finds evidence for the marriage of democracy and public credit from its earliest glimmerings to its swan song in the bond drives of World War II. Today the two are, it seems, divorced--but understanding their hundreds of years of cohabitation is crucial to appreciating the democracy that we now take for granted.