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The Rise of Financial Capitalism Larry Neal (University of Illinois, Urbana-Champaign)

The Rise of Financial Capitalism By Larry Neal (University of Illinois, Urbana-Champaign)

The Rise of Financial Capitalism by Larry Neal (University of Illinois, Urbana-Champaign)


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Summary

Based on computer analysis of price quotes from the eighteenth-century financial press, this work establishes the existence of a sophisticated and smoothly functioning system of financial markets in the mercantile states of northwestern Europe throughout the 1700s.

The Rise of Financial Capitalism Summary

The Rise of Financial Capitalism: International Capital Markets in the Age of Reason by Larry Neal (University of Illinois, Urbana-Champaign)

This work establishes the existence of a sophisticated and smoothly functioning system of financial markets in the mercantile states of northwestern Europe throughout the 1700s. Based on computer analysis of thousands of price quotes from the financial press of the eighteenth century, the results should force both historians and economists to re-evaluate their understanding of the evolution of financial markets and their importance for the economic developments of that era.

The Rise of Financial Capitalism Reviews

'Everything one would expect from the culmination of a 15-year research project by one of America's leading economic historians of Europe.' The Journal of Economic History
'In bringing capital market operations into new focus, Neal has brought new life to an old debate and has produced a book that deserves to be widely read and discussed.' The Times Higher Education Supplement

Table of Contents

1. Historical background for the rise of financial capitalism: commercial revolution, rise of nation states, and capital markets; 2. The development of an information network and the international capital markets of London and Amsterdam; 3. The early capital markets of London and Amsterdam; 4. The Banque Royale and the South Sea Company: how the bubbles began; 4. Appendix: were the Mississippi and south sea bubbles rational? 5. The Bank of England and the South Sea Company: how the bubbles ended; 6. The English and Dutch East India Companies: how the west was won; 7. The integration of the English and Dutch capital markets in peace and war; 8. The English and Dutch capital markets in panics; 9. The capital markets during revolutions, war and peace; 10. A tale of two revolutions: international capital flows 1792-1819; 11. The London and Amsterdam stock markets, 1800-1825.

Additional information

GOR003926840
9780521457385
0521457386
The Rise of Financial Capitalism: International Capital Markets in the Age of Reason by Larry Neal (University of Illinois, Urbana-Champaign)
Used - Very Good
Paperback
Cambridge University Press
1993-11-26
292
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - The Rise of Financial Capitalism