A Free Nation Deep In Debt

Author: James MacDonald
Editor: Princeton University Press
ISBN: 9780691126326
Size: 19,32 MB
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For the greater part of recorded history the most successful and powerful states were autocracies; yet now the world is increasingly dominated by democracies. In A Free Nation Deep in Debt, James Macdonald provides a novel answer for how and why this political transformation occurred. The pressures of war finance led ancient states to store up treasure; and treasure accumulation invariably favored autocratic states. But when the art of public borrowing was developed by the city-states of medieval Italy as a democratic alternative to the treasure chest, the balance of power tipped. From that point on, the pressures of war favored states with the greatest public creditworthiness; and the most creditworthy states were invariably those in which the people who provided the money also controlled the government. Democracy had found a secret weapon and the era of the citizen creditor was born. Macdonald unfolds this tale in a sweeping history that starts in biblical times, passes via medieval Italy to the wars and revolutions of the seventeenth and eighteenth centuries, and ends with the great bond drives that financed the two world wars.

The Culture Of Immodesty In American Life And Politics

Author: M. Federici
Editor: Springer
ISBN: 1137093412
Size: 20,13 MB
Format: PDF
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By identifying and illustrating aspects of American culture that are out of sync with the modest republicanism that gave rise to the United States in the late eighteenth century, the contributors to this volume expose the vulgarity and excess of American culture.

The Rise Of Fiscal States

Author: Bartolomé Yun-Casalilla
Editor: Cambridge University Press
ISBN: 1107013518
Size: 12,52 MB
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Leading economic historians present a groundbreaking series of country case studies exploring the formation of fiscal states in Eurasia.

Money Finance And Empire

Author: Andrew N. Porter
Editor: Taylor & Francis
ISBN: 9780415382144
Size: 17,64 MB
Format: PDF
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This book was first published in 1985.

State And Market In Victorian Britain

Author: Martin J. Daunton
Editor: Boydell Press
ISBN: 9781843833833
Size: 14,76 MB
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Traces the effects and consequences of radical economic change, moral, social, and fiscal, in the Victorian period.

Public Debt Inequality And Power

Author: Sandy Brian Hager
Editor: Univ of California Press
ISBN: 0520960424
Size: 14,95 MB
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Who are the dominant owners of U.S. public debt? Is it widely held, or concentrated in the hands of a few? Does ownership of public debt give these bondholders power over our government? What do we make of the fact that foreign-owned debt has ballooned to nearly 50 percent today? Until now, we have not had any satisfactory answers to these questions. Public Debt, Inequality, and Power is the first comprehensive historical analysis of public debt ownership in the United States. It reveals that ownership of federal bonds has been increasingly concentrated in the hands of the 1 percent over the last three decades. Based on extensive and original research, Public Debt, Inequality, and Power will shock and enlighten. At publication date, a free ebook version of this title will be available through Luminos, University of California Press’s open access publishing program for monographs. Visit www.luminosoa.org to learn more.

Trust

Author: Geoffrey Hosking
Editor: OUP Oxford
ISBN: 0191022829
Size: 17,65 MB
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Today there is much talk of a 'crisis of trust'; a crisis which is almost certainly genuine, but usually misunderstood. Trust: A History offers a new perspective on the ways in which trust and distrust have functioned in past societies, providing an empirical and historical basis against which the present crisis can be examined, and suggesting ways in which the concept of trust can be used as a tool to understand our own and other societies. Geoffrey Hosking argues that social trust is mediated through symbolic systems, such as religion and money, and the institutions associated with them, such as churches and banks. Historically these institutions have nourished trust, but the resulting trust networks have tended to create quite tough boundaries around themselves, across which distrust is projected against outsiders. Hosking also shows how nation-states have been particularly good at absorbing symbolic systems and generating trust among large numbers of people, while also erecting distinct boundaries around themselves, despite an increasingly global economy. He asserts that in the modern world it has become common to entrust major resources to institutions we know little about, and suggests that we need to learn from historical experience and temper this with more traditional forms of trust, or become an ever more distrustful society, with potentially very destabilising consequences.

China S Democratic Future

Author: Bruce Gilley
Editor: Columbia University Press
ISBN: 023150215X
Size: 16,42 MB
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The end of communist rule in China will be one of the most momentous events of the twenty-first century, sounding the death knell for the Marxist-Leninist experiment and changing the lives of a fifth of humanity. This book provides a likely blow-by-blow account of how the Chinese Communist Party will be removed from power and how a new democracy will be born. In more than half a century of rule, the Chinese Communist Party has turned a poor and benighted China into a moderately well-off and increasingly influential nation. Yet the Party has failed to keep pace with change since stepping aside from daily life in the late-1970s. After nearly a hundred years of frustrating attempts to create a workable political system following the overthrow of the last dynasty, the prospects for democracy in China are better than ever, according to Bruce Gilley. Gilley predicts an elite-led transformation rather than a popular-led overthrow. He profiles the key actors and looks at the response of excluded elites, such as the military, as well as interested parties such as Taiwan and Tibet. He explains how democracy in China will be very "Chinese," even as it will also embody fundamental universal liberal features. He deals with competing interests—regional, sectoral, and class—of China's economy and society under democracy, addressing the pressing concerns of world business. Finally he considers the implications for Asia as well as for the United States. The end of communist rule in China will be one of the most momentous events of the twenty-first century, sounding the death knell for the Marxist-Leninist experiment and changing the lives of a fifth of humanity. This book provides a likely blow-by-blow account of how the Chinese Communist Party will be removed from power and how a new democracy will be born. In more than half a century of rule, the Chinese Communist Party has turned a poor and benighted China into a moderately well-off and increasingly influential nation. Yet the Party has failed to keep pace with change since stepping aside from daily life in the late-1970s. After nearly a hundred years of frustrating attempts to create a workable political system following the overthrow of the last dynasty, the prospects for democracy in China are better than ever, according to Bruce Gilley. Gilley predicts an elite-led transformation rather than a popular-led overthrow. He profiles the key actors and looks at the response of excluded elites, such as the military, as well as interested parties such as Taiwan and Tibet. He explains how democracy in China will be very "Chinese," even as it will also embody fundamental universal liberal features. He deals with competing interests—regional, sectoral, and class—of China's economy and society under democracy, addressing the pressing concerns of world business. Finally he considers the implications for Asia as well as for the United States.

Political Thought In Europe 1250 1450

Author: Antony Black
Editor: Cambridge University Press
ISBN: 9780521384513
Size: 12,36 MB
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The thinkers, Aquinas, Marsiglio, Ockham, Wyclif and Cusa, as well as prevalent notions of church and state, empire and local sovereignty, civic and communal self-government, etc. emerge in this introduction to a period of vital importance in the formation of modern world values.

The Coming Soviet Crash

Author: Judy Shelton
Editor: Free Press
ISBN:
Size: 15,30 MB
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In this provocative and thoughtful analysis, Judy Shelton demonstrates that the Soviet financial crisis is severe, and the West's sending money to the Soviet Union for credit results in enhanced Soviet military capability, not consumer goods.