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Casualities of Credit

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With a circulating credit currency, a modern national debt, and sophisticated financial markets, England developed a fiscal-military state that instilled fear and facilitated the first industrial revolution. Yet this new system of credit was precarious and prone to accidents, and it depended on trust, public opinion, and ultimately violence.

Author(s): Carl Wennerlind
Publisher: Harvard University Press
Year: 2011

Language: English
Pages: 361
City: Cambridge
Tags: History, Economics, Political Science

Contents
Introduction
I. Alchemy and Credit
1. The Scarcity of Money Problem and the Birth of English Political Economy
2. The Alchemical Foundations of Credit
II. Death Penalty and Credit
3. The Epistemology of Credit
4. Capital Punishment in Defense of Credit
III. Slavery and Credit
5. Public Credit and the Public Sphere
6. The South Sea Company and the Restoration of Public Credit
Epilogue
Notes
Acknowledgments
Index