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James MacDonald

A Free Nation Deep in Debt

The Financial Roots of Democracy

Buch

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 t… Mehr

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Produktdetails


  • ISBN: 978-0-691-12632-6
  • EAN: 9780691126326
  • Produktnummer: 2198926
  • Verlag: Princeton University Press
  • Sprache: Englisch
  • Erscheinungsjahr: 2006
  • Seitenangabe: 576 S.
  • Masse: H22.9 cm x B15.2 cm x D3.3 cm 873 g
  • Abbildungen: Paperback
  • Gewicht: 873

Über den Autor


James Macdonald was an investment banker for many years. He lives in Oxford, England.

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