Casualties of Credit. The English financial revolution, 1620-1720

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  • Name Capital and money markets, etc

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Deals with the financial revolution over an extended period, 1620-1720, and the creation of a modern credit-based financial system dependent on 'trust, public opinion and ultimately violence', focusing on the 'precariousness of credit and the role of violence-war, enslavement, and executions in the safeguarding of trust'. Chapters include: Part 1] 'Alchemy and credit' - 'The scarcity of money problem and the birth of English political economy' / 'The alchemical foundations of credit'; Part 2] 'Death penalty and credit' - 'The epistemology of credit' / 'Capital punishment in defence of credit'; Part 3] 'Slavery and credit' - 'Public credit and the public sphere' / 'South Sea Co and the restoration of public credit'