Public Debt and the Birth of the Democratic State by David Stasavage

Public Debt and the Birth of the Democratic State by David Stasavage

This book develops new theory about the link between debt and democracy and applies it to a classic historical comparison: Great Britain in the eighteenth century which had strong representative institutions and sound public finance vs. ancient regime France, which had neither. The book argues that whether representative institutions improve commitment depends on the opportunities for government creditors to form new coalitions with other social groups, more likely to occur when a society is divided across multiple political cleavages. It then presents historical evidence to show that improved access to finance in Great Britain after 1688 had as much to do with the development of the Whig Party as with constitutional changes. In France, it is suggested that the balance of partisan forces made it unlikely that an early adoption of 'English-style' institutions would have improved credibility.

Review of the hardback: '… this stimulating study … raises some fundamental questions about our understanding of the eighteenth-century state … Stasavage has produced a work that will give historians of eighteenth-century politics and government finance much food for thought' European History Quarterly
Review of the hardback: '… remarkably rich book … intelligent and innovative … a very comprehensive book on an interesting subject … I have learned quite a few interesting things on the evolution of public debt management over the centuries and I have a feeling that many of us who discuss the pros and cons of public debt today would gain some useful insights by reading this book.' History of Economic Ideas

David Stasavage is dean for the social sciences and Julius Silver Professor of Politics at New York University. His books include Taxing the Rich and States of Credit (both Princeton). Twitter @stasavage

SKU	Nicht verfügbar
ISBN 13	9780521809672
ISBN 10	0521809673
Titel	Public Debt and the Birth of the Democratic State
Autor	David Stasavage
Serie	Political Economy Of Institutions And Decisions
Buchzustand	Nicht verfügbar
Bindungsart	Hardback
Verlag	Cambridge University Press
Erscheinungsjahr	2003-04-28
Seitenanzahl	224
Hinweis auf dem Einband	Die Abbildung des Buches dient nur Illustrationszwecken, die tatsächliche Bindung, das Cover und die Auflage können sich davon unterscheiden.
Hinweis	Nicht verfügbar