Public Debt and the Birth of the Democratic State: France and Great Britain 1688-1789 (Political Economy of Institutions and Decisions)

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9780521071277: Public Debt and the Birth of the Democratic State: France and Great Britain 1688-1789 (Political Economy of Institutions and Decisions)

Does establishing representative democracy increase commitment to repaying public debt? This book develops a new theory about the link between debt and democracy and applies it to a classic historical comparison: eighteenth century Great Britain (which had strong representative institutions and sound public finance) vs. ancien regime France (which had neither). The study asserts that whether representative institutions improve commitment depends on the opportunities for government creditors to form coalitions with other groups. It is relevant to developing country governments with implications for government policy where credibility is a concern.

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Does establishing representative democracy increase commitment to repay public debt? 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. ancien regime France, which had neither. The book argues that whether representative institutions improve commitment depends on the opportunities for government creditors to form coalitions with other groups. This study is relevant for developing country governments today, and has implications for the numerous areas of government policy where credibility is a concern.

Review:

"...offers a new approach to the subject. (Stasavage) is therefore able to buttress by his economic models the arguments previously advanced by historians to explain Britain's success and France's failure to develop an effective system of public credit in the eighteenth century. This makes his work of considerable value to those historians who have relied upon traditional approaches to these important questions." H.T. Dickinson, The International History Review

"Succinct and lucidly written, Public Debt and the Birth of the Democratic State is both a splendid introduction to a complex literature and a highly original contribution that is bound to generate new research and debate...His central discovery, that a regime's financial credibility depends as much on partisan politics as on institutions, can only enrich our understanding of the rise of the modern state." H-France Book Reviews

"...stimulating...based upon extensive reading in the secondary historical literature, and it raises some fundamental questions about our understanding of the eighteenth-century state." European History Quarterly

"Can readers assume that an estates general would have declared a bankruptcy in 1715 merely because St. Simon thought it should? And how far are we carried by the conclusion that French 'political instability' in 1789 'seems to have been linked to the absence of a stable majority based on moderate policies'? These and other issues suggest the difficulty of construing a distant past to propose timeless answers--reason enough for providing Stasavage's book to graduate students and faculty." Choice

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David Stasavage
Editore: CAMBRIDGE UNIVERSITY PRESS, United Kingdom (2008)
ISBN 10: 0521071275 ISBN 13: 9780521071277
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Descrizione libro CAMBRIDGE UNIVERSITY PRESS, United Kingdom, 2008. Paperback. Condizione libro: New. Language: English . Brand New Book ***** Print on Demand *****.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. Codice libro della libreria AAV9780521071277

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Descrizione libro Cambridge University Press, 2008. PAP. Condizione libro: New. New Book. Shipped from US within 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Codice libro della libreria IQ-9780521071277

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David Stasavage
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Descrizione libro CAMBRIDGE UNIVERSITY PRESS, United Kingdom, 2008. Paperback. Condizione libro: New. Language: English . Brand New Book ***** Print on Demand *****. 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. Codice libro della libreria AAV9780521071277

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Descrizione libro Cambridge University Press, 2016. Paperback. Condizione libro: New. PRINT ON DEMAND Book; New; Publication Year 2016; Not Signed; Fast Shipping from the UK. No. book. Codice libro della libreria ria9780521071277_lsuk

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Descrizione libro Paperback. Condizione libro: New. This item is printed on demand. Item doesn't include CD/DVD. Codice libro della libreria 3307404

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Descrizione libro Cambridge Univ Pr, 2008. Paperback. Condizione libro: Brand New. 1st edition. 223 pages. 9.00x6.25x0.75 inches. In Stock. Codice libro della libreria __0521071275

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Descrizione libro Cambridge University Press, 2008. PAP. Condizione libro: New. New Book. Delivered from our UK warehouse in 3 to 5 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Codice libro della libreria LQ-9780521071277

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Descrizione libro 2008. Paperback. Condizione libro: NEW. 9780521071277 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. Codice libro della libreria HTANDREE0443683

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Descrizione libro Cambridge University Press. Paperback. Condizione libro: New. Paperback. 224 pages. Dimensions: 8.9in. x 6.0in. x 0.7in.Does establishing representative democracy increase commitment to repaying public debt This book develops a new theory about the link between debt and democracy and applies it to a classic historical comparison: eighteenth century Great Britain (which had strong representative institutions and sound public finance) vs. ancien regime France (which had neither). The study asserts that whether representative institutions improve commitment depends on the opportunities for government creditors to form coalitions with other groups. It is relevant to developing country governments with implications for government policy where credibility is a concern. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Codice libro della libreria 9780521071277

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Descrizione libro Cambridge University Press, 2017. Paperback. Condizione libro: New. This item is printed on demand. Codice libro della libreria 0521071275

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