The Wealth of Nations Rediscovered - Wright, Robert E.
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In The Wealth of Nations Rediscovered: Integration and Expansion in American Financial Markets, 1780-1850, Robert E. Wright portrays the development of a modern financial sector - with a central bank, a national monetary system, and efficient capital markets - as the driving force behind America's economic transition from agricultural colony to industrial juggernaut. This study applies the economic theory of information asymmetry to our understandings of early US financial development, expanding on scholarship of finance-led economic growth. The book's research is original, incorporating…mehr

Produktbeschreibung
In The Wealth of Nations Rediscovered: Integration and Expansion in American Financial Markets, 1780-1850, Robert E. Wright portrays the development of a modern financial sector - with a central bank, a national monetary system, and efficient capital markets - as the driving force behind America's economic transition from agricultural colony to industrial juggernaut. This study applies the economic theory of information asymmetry to our understandings of early US financial development, expanding on scholarship of finance-led economic growth. The book's research is original, incorporating little-used archival material and data on early US securities prices, trading volumes, and stockholder patterns. The topics covered - securities trading, market liquidity, intermediation, banking reform, emerging market success, and foreign investment - are relevant to discussions in today's business community. Drawing from and building upon Adam Smith's lesser-known insights into financial relationships, The Wealth of Nations Rediscovered positions itself on the cusp of emerging paradigm shifts in history and economics.
Autorenporträt
After almost 50 years of silence "Weapons of War" has allowed me the opportunity to share my personal story of military service during the Vietnam Era. A time when the combat soldier was not viewed as a hero o well received when returning home from the war. My story is just one example of how the many thousands of men and women who served in the Armed Services during that era overcame danger, hardship, loneliness, despair and for some the loss of life; to ensure freedom and democracy for the people of the Republic of South Vietnam.