||13 of 14 people found the following review helpful.| Review|By MT57|This was a straightforward historical presentation of the growth of credit in England throughout the 17th century and into the 18th. It was an important period in the development of the English economy, and their innovations in credit were an important force in helping the economy grow. The author presents the principal intellectual sponsors of the virtues o||This book provides an elegant, engaging, and highly compelling account of the ways in which credit emerged in the seventeenth and eighteenth centuries as topic of discussion and focus of economic innovation. (Daniel Carey, National University of Ireland, Galw
With a circulating credit currency, a modern national debt, and sophisticated financial markets, England developed a fiscal-military state that instilled fear and facilitated the first industrial revolution. Yet this new system of credit was precarious and prone to accidents, and it depended on trust, public opinion, and ultimately violence.
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