Questioning credible commitment: perspectives on the rise of financial capitalism
Éditeur :
Cambridge University Press
ISBN :
9781009679688
Date de publication :
19 févr. 2026
Format :
Trade paperback (US)
Langue :
Anglais
Pays d'origine :
Grande Bretagne
Provides academics and practitioners with a broader understanding of the origins of financial capitalism. A specially commissioned group of historians and economists examine and challenge North and Weingast's (1989) 'credible commitment' thesis and show that parliamentary backing of public finance alone is insufficient to create confidence in a state's credit-worthiness.