Impunity and capitalism : the afterlives of European financial crises, 1690-1830
Whose fault are financial crises, and who is responsible for stopping them, or repairing the damage? Impunity and Capitalism develops a new approach to the history of capitalism and inequality by using the concept of impunity to show how financial crises stopped being crimes and became natural disas...
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| Format: | E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, United Kingdom New York, NY, USA Port Melbourne, VIC, Australia New Delhi, India Singapore : Cambridge University Press,
2022
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| Schlagworte: | Impunity Capitalism Financial crises Capital market Finanzkrise Kapitalismus Kapitalmarkt BUSINESS & ECONOMICS / Economic History |
| Umfang: | 1 Online-Ressource (xii, 310 Seiten) |
| Zusammenfassung: | Whose fault are financial crises, and who is responsible for stopping them, or repairing the damage? Impunity and Capitalism develops a new approach to the history of capitalism and inequality by using the concept of impunity to show how financial crises stopped being crimes and became natural disasters. Trevor Jackson examines the legal regulation of capital markets in a period of unprecedented expansion in the complexity of finance ranging from the bankruptcy of Europe's richest man in 1709, to the world's first stock market crash in 1720, to the first Latin American debt crisis in 1825. He shows how, after each crisis, popular anger and improvised policy responses resulted in efforts to create a more just financial capitalism but succeeded only in changing who could act with impunity, and how. Henceforth financial crises came to seem normal and legitimate, caused by impersonal international markets, with the costs borne by domestic populations and nobody in particular at fault. |
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| Beschreibung: | Title from publisher's bibliographic system (viewed on 12 Sep 2022) |
| Beschreibung: | 1 Online-Ressource (xii, 310 Seiten) Illustrationen, Diagramme, Karten |
| ISBN: | 9781009029605 1009029606 9781316516287 1316516288 9781009014748 1009014749 |
| DOI: | 10.1017/9781009029605 |