From Partisan Banking to Open Access

The Emergence of Free Banking in Early Nineteenth Century Massachusetts

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions, Business & Finance, Economics, Economic History
Cover of the book From Partisan Banking to Open Access by Qian Lu, Springer International Publishing
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Author: Qian Lu ISBN: 9783319676456
Publisher: Springer International Publishing Publication: October 9, 2017
Imprint: Palgrave Pivot Language: English
Author: Qian Lu
ISBN: 9783319676456
Publisher: Springer International Publishing
Publication: October 9, 2017
Imprint: Palgrave Pivot
Language: English

How did banking in early nineteenth-century Massachusetts evolve? Lu provides a compelling narrative about the connection between inclusive political systems and open access economies, hypothesizing that entry into banking was firstly made upon partisan grounds before later becoming open access/free entry. Lu investigates state level institutional change and studies the transition to open access from an economic perspective. What was the relationship between banking and political elites? Why were elites, who enjoyed privileges under dominant institutions, willing to dissolve these institutions and eliminate their privileges? The author provides new insights into American economic history, explaining how a society moves from limited access to one of openness.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

How did banking in early nineteenth-century Massachusetts evolve? Lu provides a compelling narrative about the connection between inclusive political systems and open access economies, hypothesizing that entry into banking was firstly made upon partisan grounds before later becoming open access/free entry. Lu investigates state level institutional change and studies the transition to open access from an economic perspective. What was the relationship between banking and political elites? Why were elites, who enjoyed privileges under dominant institutions, willing to dissolve these institutions and eliminate their privileges? The author provides new insights into American economic history, explaining how a society moves from limited access to one of openness.

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