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A FREE NATION DEEP IN DEBT: THE FINANCIAL ROOTS OF By James Macdonald NEW 1st Ed

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Condition:
Like new
“A Like New & unread copy - Stated First Edition - First Printing”
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Last updated on 27 Jan, 2025 12:31:02 AEDSTView all revisionsView all revisions

Item specifics

Condition
Like new
A book that looks new but has been read. Cover has no visible wear, and the dust jacket (if applicable) is included for hard covers. No missing or damaged pages, no creases or tears, and no underlining/highlighting of text or writing in the margins. May be very minimal identifying marks on the inside cover. Very minimal wear and tear. See the seller’s listing for full details and description of any imperfections. See all condition definitionsopens in a new window or tab
Seller notes
“A Like New & unread copy - Stated First Edition - First Printing”
Type
Hardcover
Publication Name
Farrar, Straus and Giroux
ISBN-10
0374171432
Edition
First Edition
ISBN
9780374171438

About this product

Product Identifiers

Publisher
Farrar, Straus & Giroux
ISBN-10
0374171432
ISBN-13
9780374171438
eBay Product ID (ePID)
2043639

Product Key Features

Book Title
Free Nation Deep in Debt : the Financial Roots of Democracy
Number of Pages
576 Pages
Language
English
Publication Year
2003
Topic
Economic Conditions, American Government / General, World
Illustrator
Yes
Genre
Political Science, Business & Economics, History
Author
James Macdonald
Format
Hardcover

Dimensions

Item Height
1.9 in
Item Weight
31.7 Oz
Item Length
9.3 in
Item Width
6.3 in

Additional Product Features

Intended Audience
Trade
LCCN
2002-114431
Reviews
"Chief Justice John Marshall observed that the power to tax involves the power to destroy. James Macdonald argues that the power to borrow is the key to democracy. This startling and original book traces the evolution of public debt from the Bronze Age to our own and in clear, lucid prose shows that successful state finances have been both a cause and an effect of the emergence of democratic forms. This is a truly unusual work written by somebody who combines financial expertise and historical imagination." --Jonathan Steinberg, University of Pennsylvania "Macdonald's wide-ranging exploration of representative political institutions and the ability of states to borrow, survive, and prosper is history at its best. Political liberty, sound public financial policies, and well-functioning securities markets nurture one another, but across human history all three have been hardly gained, easily lost, and therefore rare. It is a deep insight, one that all who cherish freedom should understand and heed." --Richard Sylla, Henry Kaufman Professor of the History of Financial Institutions and Markets, Stern School of Business, New York University "A profound and original work of historical scholarship . . . Macdonald has something exciting to teach." --Niall Ferguson, author of The Cash Nexus
TitleLeading
A
Dewey Edition
22
Dewey Decimal
336.3/4
Synopsis
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. He starts with 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.
LC Classification Number
HJ8011.M27 2003

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