From Partisan Banking to Open Access: The Emergence of Free Banking in Early Nineteenth Century Massachusetts

Author:   Qian Lu
Publisher:   Birkhauser Verlag AG
Edition:   1st ed. 2017
ISBN:  

9783319676449


Pages:   189
Publication Date:   23 October 2017
Format:   Hardback
Availability:   In Print   Availability explained
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From Partisan Banking to Open Access: The Emergence of Free Banking in Early Nineteenth Century Massachusetts


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Overview

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.

Full Product Details

Author:   Qian Lu
Publisher:   Birkhauser Verlag AG
Imprint:   Birkhauser Verlag AG
Edition:   1st ed. 2017
Weight:   3.896kg
ISBN:  

9783319676449


ISBN 10:   331967644
Pages:   189
Publication Date:   23 October 2017
Audience:   Professional and scholarly ,  College/higher education ,  Professional & Vocational ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Chapter 1: Was the U.S. Born Modern?.- Chapter 2: The History of Partisan Banking.- Chapter 3: Empirical Studies on Bankers, Legislators, and Political Parties, 1790–1859.- Chapter 4: Empirical Studies on Political Connection of Suffolk Legislators, 1790–1859.- Chapter 5: Empirical Studies on Bankers’ Wealth and Bank Balance Sheets.- Chapter 6: An Intra-Elite Explanation of Open Access.- Chapter 7: Conclusion: Democracy, Civil Society, Elites, and Impersonal Rules.

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Qian Lu is Assistant Professor at the School of Economics, Central University of Finance and Economics in Beijing, China.

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