Public Debt and the Birth of the Democratic State : France and Great Britain 1688–1789
Book Details
Format
Paperback / Softback
Book Series
Political Economy of Institutions and Decisions
ISBN-10
0521071275
ISBN-13
9780521071277
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Aug 28th, 2008
Print length
224 Pages
Weight
350 grams
Dimensions
15.30 x 22.80 x 1.90 cms
Product Classification:
Economic historyPublic financePublic finance and taxation
Ksh 6,150.00
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This book develops new theory about the link between debt and democracy and applies it to a classic historical comparison: Great Britain in the eighteenth century which had strong representative institutions and sound public finance vs. ancient regime France, which had neither.
This book develops new theory about the link between debt and democracy and applies it to a classic historical comparison: Great Britain in the eighteenth century which had strong representative institutions and sound public finance vs. ancient regime France, which had neither. The book argues that whether representative institutions improve commitment depends on the opportunities for government creditors to form new coalitions with other social groups, more likely to occur when a society is divided across multiple political cleavages. It then presents historical evidence to show that improved access to finance in Great Britain after 1688 had as much to do with the development of the Whig Party as with constitutional changes. In France, it is suggested that the balance of partisan forces made it unlikely that an early adoption of 'English-style' institutions would have improved credibility.
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