{"product_id":"public-debt-and-the-birth-of-the-democratic-state-france-and-great-britain-1688-1789-paperback-9780521071277","title":"Public Debt and the Birth of the Democratic State; France and Great Britain 1688–1789 (Paperback \/ softback) 9780521071277","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003ePublic Debt and the Birth of the Democratic State\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eFrance and Great Britain 1688–1789\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eDevelops new theory about the link between debt and democracy.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eDavid Stasavage (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521071277, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 28 August 2008\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e224 pages, 11 b\/w illus.  9 tables\u003cbr\u003e22.5 x 15.2 x 1.3 cm, 0.37 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003eReview of the hardback: '… remarkably rich book … intelligent and innovative … a very comprehensive book on an interesting subject … I have learned quite a few interesting things on the evolution of public debt management over the centuries and I have a feeling that many of us who discuss the pros and cons of public debt today would gain some useful insights by reading this book.' History of Economic Ideas\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis book develops new theory about the link between debt and democracy and applies it to a classic historical comparison: Great Britain in the eighteenth century which had strong representative institutions and sound public finance vs. ancient regime France, which had neither. The book argues that whether representative institutions improve commitment depends on the opportunities for government creditors to form new coalitions with other social groups, more likely to occur when a society is divided across multiple political cleavages. It then presents historical evidence to show that improved access to finance in Great Britain after 1688 had as much to do with the development of the Whig Party as with constitutional changes. In France, it is suggested that the balance of partisan forces made it unlikely that an early adoption of 'English-style' institutions would have improved credibility.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Introduction\u003cbr\u003e 2. A model of credible commitment under representative government\u003cbr\u003e 3. Historical background: sovereign borrowing in Europe before 1688\u003cbr\u003e 4. Trends in French and British sovereign borrowing 1689–1789\u003cbr\u003e 5. Partisan politics and public debt in Great Britain: 1689–1789\u003cbr\u003e 6. Partisan politics and public debt in France: 1689–1789\u003cbr\u003e 7. Stability of representative institutions in France and Great Britain\u003cbr\u003e 8. Conclusion.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Political economy [\u003ca title=\"See our other books on Political economy\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Political%20economy%20%5BKCP%5D%22\"\u003eKCP\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46000255729944,"sku":"9780521071277","price":29.89,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521071277i.jpg?v=1694969191","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/public-debt-and-the-birth-of-the-democratic-state-france-and-great-britain-1688-1789-paperback-9780521071277","provider":"Freshly Printed Books","version":"1.0","type":"link"}