Priceless Markets: The Political Economy of Credit in Paris, 1660-1870University of Chicago Press, 2000 - 350 sayfa This pathbreaking book shows how credit markets functioned in Paris, through the agency of notaries, during a critical period of French history. Its authors challenge the usual assumption that organized financial markets—and hence the opportunity for economic growth—did not emerge outside of England and the Netherlands until the nineteenth century. Drawing on innovative research, the authors show that as early as the Old Regime, financial intermediaries in France were mobilizing a great tide of capital and arranging thousands of loans between borrowers and lenders. The implications for historians and economists are substantial. The role of notaries operating in Paris that Priceless Markets uncovers has never before been recognized. In the wake of this pathbreaking new study, historians will also have to rethink the origins of the French Revolution. As the authors show, the crisis of 1787-88 did not simply ignite revolt; it was intimately bound up in an economic struggle that reached far back into the eighteenth century, and continued well into the 1800s. |
Diğer baskılar - Tümünü görüntüle
Sık kullanılan terimler ve kelime öbekleri
annuities Archives assets assignats asymmetric information average bank bankers bankruptcies borrowers and lenders broker capital CFF's chapter clients collateral cost countryside credit contracts Crédit Foncier creditors crisis currency debt contracts default deposits devaluation early economic eighteenth century equilibrium estimate études fees figure financial intermediaries financial markets fiscal Forbonnais France French Revolution game theory government borrowing government debt government's hypothèques individuals inflation institutions interest rates investment investors Law affair loan contracts loan sizes long-term credit ment monetary mortgage nineteenth century notarial credit notary's number of loans obligations Old Regime outstanding debt Paris Parisian notaries path dependence percent period perpetual annuities political Postel-Vinay private borrowers private credit market private lending private loans problem prorogation quittances registered regression reimburse repay repayment repeated game revolutionary risk role share short-term simply Source stabilization switch switching costs tion transactions variable viagères Voltaire volume
Popüler pasajlar
Sayfa 328 - Contribution à l'étude des revenus fonciers en Picardie: les fermages de l'Hôtel-Dieu d'Amiens et leurs variations de 1515 à 1789, Lille, sd [1967].