Modern financial theories enable us to look at old problems in early American Republic historiography from new perspectives. Concepts such as information asymmetry, portfolio choice, and principal-agent dilemmas open up new scholarly vistas. Transcending the ongoing debates over the prevalence of either community or capitalism in early America, Wright offers fresh and compelling arguments that illuminate motivations for individual and collective actions, and brings agency back into the historical equation.
Wright argues that the Colonial rebellion was in part sparked by destabilizing British monetary policy that threatened many with financial insolvency; that in areas without modern financial institutions and practices, dueling was a rational means of protecting one's creditworthiness; that the principle-agent problem led to the institutionalization of the U.S. Constitution's system of checks and balances; and that a lack of information and education induced women to shift from active business owners to passive investors. Economists, historians, and political scientists alike will be interested in this strikingly novel and compelling recasting of our nation's formative decades.
- 244 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
Table of contents
- Contents
- Tables and Figures
- Acknowledgments
- Abbreviations
- Introduction
- 1 Interest Rates and the Coming of the American Revolution
- 2 Early U.S. Constitutions as Solutions to the Principal–Agent Problem
- 3 Financial Development, Economic Growth, and Political Stability
- 4 Banks and the "Revolution" of 1800
- 5 Credit Analysis and the Prevalence of Dueling
- 6 Financial Markets and the Subjugation of Women
- Requiem
- References
- Index
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Yes, you can access Hamilton Unbound by Robert E. Wright in PDF and/or ePUB format, as well as other popular books in History & North American History. We have over 1.5 million books available in our catalogue for you to explore.