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From Partisan Banking to Open Access : The Emergence of Free Banking in Early Nineteenth Century Massachusetts. 19世紀初頭のマサチューセッツにおける フリーバンキングの出現
・ISBN 978-3-319-67644-9 hard EUR 49.99
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| 著者・編者 | Lu, Qian, |
|---|---|
| シリーズ | Palgrave Studies in Economic History |
| 出版社 | (Palgrave Macmillan, UK) |
| 出版年月 | 2017 |
| ページ数 | 189 pp. |
| 言語 | ENG |
| ニュース番号 | ＜642-826 642-P1759＞ |
解説
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.