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The Wealth of Nations Rediscovered

The Wealth of Nations Rediscovered

Hardcover

Investing & Finance19th Century United States History

ISBN10: 0521812372
ISBN13: 9780521812375
Publisher: Cambridge University Press
Published: Oct 17 2002
Pages: 256
Weight: 1.10
Height: 0.80 Width: 6.10 Depth: 9.00
Language: English
Robert E. Wright portrays the development of a modern financial sector--including a central bank, a national monetary system, a network of financial intermediaries, and efficient capital markets--as the driving force behind America's economic transition from agricultural colony to industrial juggernaut. He applies the economic theory of information asymmetry to understandings of early U.S. financial development, expanding on recent scholarship of finance-led economic growth. The book builds upon many of Adam Smith's lesser-known insights into financial relationships.

Also in

19th Century United States History