Hamilton Unbound: Finance And The Creation Of The American Republic

Hardcover | August 1, 2002

byRobert E. Wright

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Modern financial theories enable us to look at old problems in early American Republic historiography from new perspectives. Concepts such as information asymmetry, portfolio choice, and principal-agent dilemmas open up new scholarly vistas. Transcending the ongoing debates over the prevalence of either community or capitalism in early America, Wright offers fresh and compelling arguments that illuminate motivations for individual and collective actions, and brings agency back into the historical equation. Wright argues that the Colonial rebellion was in part sparked by destabilizing British monetary policy that threatened many with financial insolvency; that in areas without modern financial institutions and practices, dueling was a rational means of protecting one's creditworthiness; that the principle-agent problem led to the institutionalization of the U.S. Constitution's system of checks and balances; and that a lack of information and education induced women to shift from active business owners to passive investors. Economists, historians, and political scientists alike will be interested in this strikingly novel and compelling recasting of our nation's formative decades.

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From the Publisher

Modern financial theories enable us to look at old problems in early American Republic historiography from new perspectives. Concepts such as information asymmetry, portfolio choice, and principal-agent dilemmas open up new scholarly vistas. Transcending the ongoing debates over the prevalence of either community or capitalism in early...

Format:HardcoverDimensions:248 pages, 9.94 × 6.08 × 0.94 inPublished:August 1, 2002Publisher:Praeger PublishersLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0275978168

ISBN - 13:9780275978167

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?[W]right provides finance-based interpretations of important events, from the underlying causes of the american Revolution to the adoption of the U.S Constitution, from economic growth to the role of banks and urban finance in the election of 1800, from dueling to the subjugation of women....[r]aises issues that will be of interest to economic historians....Wright is a gifted storyteller and makes exceptional use of documentary archival sources....[w]ell worth reading. The author writes in an engaging style and offers more than a couple provocative, well-defended hypotheses.??E.H Net