States and the Masters of Capital

Released on by Quentin Bruneau
preview-18

  • States and the Masters of Capital Book Detail

  • Author : Quentin Bruneau
  • Release Date : 2022-12-13
  • Publisher : Columbia University Press
  • Genre : Political Science
  • Pages : 152
  • ISBN 13 : 0231555644
  • File Size : 57,57 MB
DOWNLOAD BOOK

States and the Masters of Capital by Quentin Bruneau PDF Summary

Book Description: Today, states’ ability to borrow private capital depends on stringent evaluations of their creditworthiness. While many presume that this has long been the case, Quentin Bruneau argues that it is a surprisingly recent phenomenon—the outcome of a pivotal shift in the social composition of financial markets. Investigating the financiers involved in lending capital to sovereigns over the past two centuries, Bruneau identifies profound changes in their identities, goals, and forms of knowledge. He shows how an old world made up of merchant banking families pursuing both profit and status gradually gave way to a new one dominated by large companies, such as joint stock banks and credit rating agencies, exclusively pursuing profit. Lacking the web of personal ties to sovereigns across the world that their established rivals possessed, these financial institutions began relying on a different form of knowledge created to describe and compare states through quantifiable data: statistics. Over the course of this epochal shift, which only came to an end a few decades ago, financial markets thus reconceptualized states. Instead of a set of individuals to be known in person, they became numbers on a page. Raising new questions about the history of sovereign lending, this book illuminates the nature of the relationship between states and financial markets today—and suggests that it may be on the cusp of another major transformation.

Disclaimer: www.yourbookbest.com does not own States and the Masters of Capital books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

States and the Masters of Capital

States and the Masters of Capital

File Size : 3,3 MB
Total View : 210 Views
DOWNLOAD

Today, states’ ability to borrow private capital depends on stringent evaluations of their creditworthiness. While many presume that this has long been the ca

Bounded Rationality and Economic Diplomacy

Bounded Rationality and Economic Diplomacy

File Size : 9,9 MB
Total View : 8351 Views
DOWNLOAD

Modern investment treaties give private arbitrators power to determine whether governments should pay compensation to foreign investors for a wide range of sove

The Capital Order

The Capital Order

File Size : 41,41 MB
Total View : 6159 Views
DOWNLOAD

A groundbreaking examination of austerity’s dark intellectual origins. For more than a century, governments facing financial crisis have resorted to the econo