Hans Joachim Voth: 2 books
Prometheus Shackled
Goldsmith Banks and England's Financial Revolution after 1700
Language: English
Release Date: January 2, 2013
After 1688, Britain underwent a revolution in public finance, and the cost of borrowing declined sharply. Leading scholars have argued that easier credit for the government, made possible by better property-rights protection, lead to a rapid expansion of private credit. The Industrial Revolution,...
Lending to the Borrower from Hell
Debt, Taxes, and Default in the Age of Philip II
Language: English
Release Date: January 19, 2014
Why do lenders time and again loan money to sovereign borrowers who promptly go bankrupt? When can this type of lending work? As the United States and many European nations struggle with mountains of debt, historical precedents can offer valuable insights. Lending to the Borrower from Hell looks at...